tag:blogger.com,1999:blog-973587304515257848.post2113271883093411611..comments2024-02-11T00:12:56.047-08:00Comments on IN THE MONEY TRADES: UPDATE: Possible Trade in ADBEAnonymoushttp://www.blogger.com/profile/02083421527404780093noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-973587304515257848.post-72349220052098605252010-03-17T11:44:43.963-07:002010-03-17T11:44:43.963-07:00That is a bitch, it will happen again at some poin...That is a bitch, it will happen again at some point so just find a soft wall to punch when it does. However, the few times this happens is better than the alternative of not setting stops, which is how I lived my former life. Watching a $10 ITM option expire worthless because I wanted/needed to believe it would come back my direction felt pretty ridiculous. A simple stop with a simple reason behind it would have sufficed and saved me a lot. Trade and learn. Hey, that's my new tag line!! I don't know who coined "Live and learn" so I don't feel bad about not paying any royalties to that person.Jason Haashttps://www.blogger.com/profile/08138027111150684908noreply@blogger.comtag:blogger.com,1999:blog-973587304515257848.post-52295549958248450602010-03-17T06:48:46.266-07:002010-03-17T06:48:46.266-07:00I got stopped out by one penny yesterday and today...I got stopped out by one penny yesterday and today the stock is up over $1. What a mother fucker. Oh well I stuck to my plan and that is all I can ask for.Anonymoushttps://www.blogger.com/profile/02083421527404780093noreply@blogger.comtag:blogger.com,1999:blog-973587304515257848.post-43650447773154267782010-03-16T12:48:04.343-07:002010-03-16T12:48:04.343-07:00I was stopped out. I am not flat and 100% cash.I was stopped out. I am not flat and 100% cash.Anonymoushttps://www.blogger.com/profile/02083421527404780093noreply@blogger.comtag:blogger.com,1999:blog-973587304515257848.post-58578359353560869962010-03-16T08:22:11.264-07:002010-03-16T08:22:11.264-07:00I placed a conditional order to sell the options a...I placed a conditional order to sell the options at market if the underlying trades <= 34.94.Anonymoushttps://www.blogger.com/profile/02083421527404780093noreply@blogger.comtag:blogger.com,1999:blog-973587304515257848.post-19826781254132147382010-03-16T07:43:40.296-07:002010-03-16T07:43:40.296-07:00Not liking the price action in ADBE. It has given ...Not liking the price action in ADBE. It has given back everything it gained yesterday. Yesterday it showed relative strength to the overall market and today it shows relative weakness. It feels like I may get stopped out of this name today. We will see.Anonymoushttps://www.blogger.com/profile/02083421527404780093noreply@blogger.comtag:blogger.com,1999:blog-973587304515257848.post-27100511773827928382010-03-15T13:06:04.514-07:002010-03-15T13:06:04.514-07:00I have to give myself a pat on the back today for ...I have to give myself a pat on the back today for sticking with the plan. A lot of times I get chased out of a stock before my stop is hit just to see it reverse course and continue higher or what ever direction I am trading. Today I was determined to stick with the stop when the stock was trading within pennies of my stop. It traded down to my stop level but did not break. I held and the stock when to pop up $0.50 and is up .33 on the day. It showed the respect I was looking for at the 35 level and has increased my confidence in the trade. The next hurdle that ADBE must overcome before it can continue higher is resistance at 35.62.<br /><br />Remember they report on 3-23-10. So my goal is going to be to try to exit before they do. So by the close on the 23rd I would like to be flat.Anonymoushttps://www.blogger.com/profile/02083421527404780093noreply@blogger.comtag:blogger.com,1999:blog-973587304515257848.post-29982515934621214102010-03-11T16:20:50.385-08:002010-03-11T16:20:50.385-08:00$50 are you crazy? That could buy 150 tacos on Tue...$50 are you crazy? That could buy 150 tacos on Tuesday Taco Night at Del Taco.Jason Haashttps://www.blogger.com/profile/08138027111150684908noreply@blogger.comtag:blogger.com,1999:blog-973587304515257848.post-11107455334952598562010-03-11T10:34:18.471-08:002010-03-11T10:34:18.471-08:00Ok so I am in with a tight stop at 35. Risking abo...Ok so I am in with a tight stop at 35. Risking about $50 on this one.Anonymoushttps://www.blogger.com/profile/02083421527404780093noreply@blogger.com