2006-04-12 (Wednesday) Big Fight With NVDA again

After I take my VISA from CN embassy, I got office around 10:35AM.

I found NAZ has minor gain arounf 1 point. NVDA rises to 29.7. I thought it won't get rid of down trend formed in the past two days. Plus I learned that $0.5 for 100 share if trading more shares. So I tried SHORT 1000 NVDA at 29.83 (Big mistake today). I did drop to 29.70 so so. But it broke out again to 30. So at 30.25-30.33, I short NVDA again, The max shares reached 3800. at 15:50 it triggers magin calls.

At OPTIONS side, I adds 330 200604-27.5-PUT at 0.10. It bring down my cost to 0.12 and total position is 418.

======================================================================
NVDA 2006-04-12, 10:46:26 ISLAND -100 29.8300 2,983.00 -0.50 0 P
NVDA 2006-04-12, 10:46:26 ISLAND -100 29.8300 2,983.00 -1.00 0 P
NVDA 2006-04-12, 10:46:26 ISLAND -25 29.8300 745.75 0.00 0 P
NVDA 2006-04-12, 10:46:26 ISLAND -200 29.8300 5,966.00 -0.62 0 P
NVDA 2006-04-12, 10:46:26 ISLAND -175 29.8300 5,220.25 -0.88 0 P
NVDA 2006-04-12, 10:46:26 ARCA -400 29.8300 11,932.00 -2.00 0 P
NVDA 2006-04-12, 11:18:52 ISLAND -400 29.9500 11,980.00 -2.00 0
NVDA 2006-04-12, 11:50:32 ISLAND -200 30.2500 6,050.00 -1.00 0 P
NVDA 2006-04-12, 11:50:42 ISLAND -200 30.2500 6,050.00 -1.00 0 P
NVDA 2006-04-12, 11:50:58 ISLAND -400 30.2800 12,112.00 -2.00 0
NVDA 2006-04-12, 11:54:24 ISLAND -400 30.2600 12,104.00 -2.00 0
GOOG 2006-04-12, 11:59:37 ISLAND 25 407.6800 -10,192.00 -1.00 0 P
GOOG 2006-04-12, 11:59:39 ISLAND 75 407.6800 -30,576.00 0.00 0 P
NVDA 2006-04-12, 14:11:21 ISLAND -400 30.2800 12,112.00 -2.00 0
NVDA 2006-04-12, 14:14:14 ISLAND -400 30.3300 12,132.00 -2.00 0
NVDA 2006-04-12, 15:52:01 ISLAND 100 30.3700 -3,037.00 -0.50 0 L P
NVDA 2006-04-12, 15:52:01 ISLAND 100 30.3700 -3,037.00 -0.50 0 L P
NVDA 2006-04-12, 15:52:01 ARCA 200 30.3700 -6,074.00 -1.00 0 L P
NVDA 2006-04-12, 16:16:33 ISLAND 400 30.1600 -12,064.00 -2.00 0
==========================================================================

The Ending balance is 38800

2006-04-11 Tuesday Recover day

Both NAZ/DOW have blood day due to rising energy cost and tension of IRAN.

NVDA had big drop from 30 level to 29.09 which also make PUT price rising.

Since it is 3 days away from my departure day. I began selling my NVDA200604-27.5PUT from 0.20 to 0.25

1) Sell 312 NVDA options
200+12 NVDA OPTION were sold at 0.20
100 NVDA OPTION were sold at 0.25

================================================================================
NVDA APR06 27.5 P (100) 2006-04-11, 10:00:29 BOX -10 0.2000 200.00 -7.50 0 P C
NVDA APR06 27.5 P (100) 2006-04-11, 10:00:32 BOX -3 0.2000 60.00 -2.25 0 P C
NVDA APR06 27.5 P (100) 2006-04-11, 10:03:27 BOX -2 0.2000 40.00 -1.50 0 P C
NVDA APR06 27.5 P (100) 2006-04-11, 10:03:29 BOX -4 0.2000 80.00 -3.00 0 P C
NVDA APR06 27.5 P (100) 2006-04-11, 10:03:29 BOX -15 0.2000 300.00 -11.25 0 P C
NVDA APR06 27.5 P (100) 2006-04-11, 10:03:31 BOX -19 0.2000 380.00 -14.25 0 P C
NVDA APR06 27.5 P (100) 2006-04-11, 10:03:39 BOX -1 0.2000 20.00 -1.00 0 P C
NVDA APR06 27.5 P (100) 2006-04-11, 10:04:19 BOX -2 0.2000 40.00 -1.25 0 P C
NVDA APR06 27.5 P (100) 2006-04-11, 10:04:31 BOX -2 0.2000 40.00 -1.50 0 P C
NVDA APR06 27.5 P (100) 2006-04-11, 10:04:45 BOX -2 0.2000 40.00 -1.50 0 P C
NVDA APR06 27.5 P (100) 2006-04-11, 10:04:53 BOX -19 0.2000 380.00 -14.25 0 P C
NVDA APR06 27.5 P (100) 2006-04-11, 10:05:03 BOX -50 0.2000 1,000.00 -37.50 0 P C
NVDA APR06 27.5 P (100) 2006-04-11, 10:05:03 BOX -51 0.2000 1,020.00 -38.25 0 P C
NVDA APR06 27.5 P (100) 2006-04-11, 10:05:50 BOX -6 0.2000 120.00 -4.50 0 P C
NVDA APR06 27.5 P (100) 2006-04-11, 10:05:52 BOX -14 0.2000 280.00 -10.50 0 P C
NVDA APR06 27.5 P (100) 2006-04-11, 15:41:25 PHLX -10 0.2000 200.00 -7.50 0 P C
NVDA APR06 27.5 P (100) 2006-04-11, 15:41:37 PHLX -2 0.2000 40.00 -1.50 0 P C
NVDA APR06 27.5 P (100) 2006-04-11, 15:44:37 ISE -4 0.2500 100.00 -3.00 0 P C
NVDA APR06 27.5 P (100) 2006-04-11, 15:59:59 ISE -16 0.2500 400.00 -12.00 0 P C
NVDA APR06 27.5 P (100) 2006-04-11, 15:59:59 ISE -20 0.2500 500.00 -15.00 0 C
NVDA APR06 27.5 P (100) 2006-04-11, 15:59:59 ISE -30 0.2500 750.00 -22.50 0 C
NVDA APR06 27.5 P (100) 2006-04-11, 15:59:59 ISE -30 0.2500 750.00 -22.50 0 C
----------------------------------------------------------------------------------

2) Short GOOG and get $400

GOOG 2006-04-11, 10:11:17 ISLAND -100 418.0300 41,803.00 -1.00 0
GOOG 2006-04-11, 10:23:25 ISLAND 100 414.0000 -41,400.00 -1.00 0


This is a great day that NVDA dropped a lot with increasing volumn.

Here is the picture of K line chart from Mar 28 to April 11





The ending positions are:


GOOG 38259P508 GOOGLE INC-CL A -100 409.6600 -40,966.00
NVDA 67066G104 NVIDIA CORP -400 29.2700 -11,708.00

UVAPY -- NVDA APR06 27.5 P 88 0.208886 100 1,838.20

The ending balance is 42380

2006-04-10 Mon NVDA started dropping

NVDA stay at 30.50 for a while and tough 30.86 in the morning. In the afternoon, it started to drop with the first earning season day. NAZ/DOW dropped

I covered 1000 NVDA form 29.92 to 30. No so bad

I had bad short sale on GOOG that I shorted at 410 but it rised to 416.

=====================================================================
GOOG 2006-04-10, 15:00:58 ISLAND -100 410.1800 41,018.00 -1.00 0
NVDA 2006-04-10, 15:25:51 ISLAND 500 30.0200 -15,010.00 -2.50 0
NVDA 2006-04-10, 15:47:37 BRUT 260 29.9200 -7,779.20 -1.30 0 P
NVDA 2006-04-10, 15:47:37 BRUT 240 29.9200 -7,180.80 -1.20 0 P
=====================================================================

Ending positions:
=====================================================================
GOOG 38259P508 GOOGLE INC-CL A -100 416.3800 -41,638.00
NVDA 67066G104 NVIDIA CORP -400 30.0000 -12,000.00

UVAPY -- NVDA APR06 27.5 P 400 0.163946 100 6,557.84
======================================================================

Ending balance:
$39226

2006-04-07 Friday (NVDA ex-split day, add 250 OPTIONS)

The NVDA split took effect immediately at IB that I saw
-2400 NVDA
150 200604-NVDA-27.5-PUT


I input 1300 cover order at 30.00 that it makes sense because yesterday SHORT closing at 30.6.

I also did 200 GOOG short sell and cover and win $156 from GOOG

When near to the ending, the short screeze continue to the hardest level that the NVDA-200604-27.5-PUT Option drops to 0.15!!!! lowest ever!!!!

Since the ending before-split was 0.30 and ex-split is 0.15. I believe at 0.15 level, I have lots of chance to win!!! My gult feeling is correct.

I bought 250 OPTIONS near the closing at 0.15, which pull all my remaining OPTION cost down to 0.19. It means next up-level sale can bring my OPTION even.


NVDA 2006-04-07, 10:26:06 ARCA 300 30.0000 -9,000.00 -1.50 0
NVDA 2006-04-07, 10:26:06 ARCA 200 30.0000 -6,000.00 -1.00 0 P
NVDA 2006-04-07, 10:26:06 ARCA 200 30.0000 -6,000.00 -1.00 0 P
NVDA 2006-04-07, 10:26:06 ARCA 100 30.0000 -3,000.00 -0.50 0 P
NVDA 2006-04-07, 10:26:10 ISLAND 500 30.0000 -15,000.00 -2.50 0
GOOG 2006-04-07, 13:43:38 ISLAND -100 406.2800 40,628.00 -1.00 0
GOOG 2006-04-07, 14:04:28 ISLAND -30 406.8000 12,204.00 0.00 0 P
GOOG 2006-04-07, 14:04:28 ISLAND -70 406.8000 28,476.00 -1.00 0 P
GOOG 2006-04-07, 15:33:13 ISLAND 100 406.0000 -40,600.00 -1.00 0
GOOG 2006-04-07, 15:41:21 ARCA 100 405.4800 -40,548.00 -1.00 0
NVDA 2006-04-07, 15:50:59 ISLAND -100 30.6000 3,060.00 -1.00 0
NVDA 2006-04-07, 15:51:03 ISLAND -200 30.6200 6,124.00 -1.00 0


NVDA APR06 27.5 P (100) 2006-04-07, 15:41:50 PSE 10 0.1500 -150.00 -7.50 0 P O
NVDA APR06 27.5 P (100) 2006-04-07, 15:45:14 PSE 30 0.1500 -450.00 -22.50 0 P O
NVDA APR06 27.5 P (100) 2006-04-07, 15:46:41 PSE 70 0.1500 -1,050.00 -52.50 0 O
NVDA APR06 27.5 P (100) 2006-04-07, 15:55:18 PSE 100 0.1500 -1,500.00 -75.00 0 O
NVDA APR06 27.5 P (100) 2006-04-07, 15:55:57 PSE 40 0.1500 -600.00 -30.00 0 O


My ending positions are:

-1400 NVDA closing at 30.53, cost 30
400 NVDA 200604-27.5-PUT at 0.15 cost 0.19

Ending balance: 38538

2006-0406 Thur One day before NVDA split

I didn't trade much today

1) Short sell GOOG earn $68

GOOG 2006-04-06, 10:13:53 ISLAND -100 412.0000 41,200.00 -1.00 0
GOOG 2006-04-06, 15:25:32 ISLAND 100 411.0000 -41,100.00 -1.00 0
GOOG 2006-04-06, 15:44:34 ISLAND -100 411.0000 41,100.00 -1.00 0
GOOG 2006-04-06, 15:49:24 ISLAND 100 411.3000 -41,130.00 -1.00 0

2) Add 20 NVDA PUT at 0.35
NVDA APR06 55 P (100) 2006-04-06, 10:18:07 CBOE 20 0.3500 -700.00 -15.00 0

The ending positions are:
-1200 NVDA Closed at 61.22
75 NVDA 200604-55PUT closing at 0.34

The ending balance is $37927

2006-04-05 (Wen) NVDA short sceeze continues

NVDA continues rising. I started shorting 700 NVDA from 61-61.30. It works so well that I covered some positions 966 shares from 60 to 58.58 from 10:17 to 10:19 (there is a big sale drop in 3 minutes) when I was on the way to office. I was very delighted to stop NVDA form 61.30 and post optimistic post at Daqian

What if I have more cover input at 58.58!!!!

When I got office at 10:30 AM , it started rising again from 60 to 60.60 at 13:59PM.

I wait its dropping, it did drop to 59.70 level. But at the end it rises again to 60 around. I have to cut position 600 share at 60.99

I did good option sale trade that at 0.65 I sold 31 OPTIONS.

NVDA closed at 61.10. which I believe it won't stay long. So I kept -1200 position at the end.

The final position are:
-1200 NVDA closed at 61.10 cost 60
55 NVDA 200604-55PUT at 0.36 cost 0.50


The ending balance is 38171
-----------------------------------------------------------------------------
GOOG 2006-04-05, 09:31:14 ISLAND -100 410.0000 41,000.00 -1.00 0
NVDA 2006-04-05, 09:50:53 ISLAND -100 61.0000 6,100.00 -1.00 0
NVDA 2006-04-05, 09:53:07 ISLAND -100 61.2500 6,125.00 -1.00 0
NVDA 2006-04-05, 09:53:08 ISLAND -100 61.2800 6,128.00 -1.00 0
GOOG 2006-04-05, 09:54:45 ISLAND 100 409.9800 -40,998.00 -1.00 0
NVDA 2006-04-05, 09:58:00 ISLAND -100 61.2800 6,128.00 -1.00 0
NVDA 2006-04-05, 09:58:01 ISLAND -100 61.3000 6,130.00 -1.00 0
NVDA 2006-04-05, 09:58:21 ISLAND -100 61.3000 6,130.00 -1.00 0
NVDA 2006-04-05, 10:01:38 ISLAND -100 61.3000 6,130.00 -1.00 0
NVDA 2006-04-05, 10:17:58 ARCA 100 60.0000 -6,000.00 -1.00 0 P
NVDA 2006-04-05, 10:17:58 ARCA 100 60.0000 -6,000.00 -1.00 0
NVDA 2006-04-05, 10:17:59 ISLAND 100 59.9900 -5,999.00 -1.00 0
NVDA 2006-04-05, 10:17:59 ISLAND 66 60.0000 -3,960.00 0.00 0 P
NVDA 2006-04-05, 10:18:09 ISLAND 100 59.8800 -5,988.00 -1.00 0
NVDA 2006-04-05, 10:18:20 ARCA 100 59.7800 -5,978.00 -1.00 0
NVDA 2006-04-05, 10:19:19 ISLAND 100 59.6800 -5,968.00 -1.00 0 P
NVDA 2006-04-05, 10:19:19 ISLAND 100 59.6800 -5,968.00 0.00 0 P
NVDA 2006-04-05, 10:19:40 ISLAND 200 59.5800 -11,916.00 -1.00 0
NVDA 2006-04-05, 11:52:02 ISLAND -100 60.0000 6,000.00 -1.00 0
NVDA 2006-04-05, 12:01:09 ISLAND -100 60.0000 6,000.00 -1.00 0
NVDA 2006-04-05, 12:53:47 ISLAND -100 60.0200 6,002.00 -1.00 0
NVDA 2006-04-05, 12:53:48 ISLAND -100 60.0800 6,008.00 -1.00 0
NVDA 2006-04-05, 13:10:30 ISLAND -100 60.4000 6,040.00 -1.00 0
NVDA 2006-04-05, 13:12:39 ISLAND -100 60.4000 6,040.00 -1.00 0
NVDA 2006-04-05, 13:54:54 ISLAND -100 60.4000 6,040.00 -1.00 0
NVDA 2006-04-05, 13:54:54 ISLAND -100 60.4000 6,040.00 -1.00 0
NVDA 2006-04-05, 13:56:21 ISLAND -100 60.5000 6,050.00 -1.00 0
NVDA 2006-04-05, 13:57:12 ISLAND -100 60.5000 6,050.00 -1.00 0
NVDA 2006-04-05, 13:57:44 ISLAND -100 60.6000 6,060.00 -1.00 0
NVDA 2006-04-05, 13:58:57 ISLAND -100 60.6000 6,060.00 -1.00 0
NVDA 2006-04-05, 13:59:00 ISLAND -100 60.6000 6,060.00 -1.00 0
NVDA 2006-04-05, 15:00:16 ARCA 300 60.9800 -18,294.00 -1.00 0 P
NVDA 2006-04-05, 15:00:16 ARCA 100 60.9900 -6,099.00 -1.00 0 P
NVDA 2006-04-05, 15:00:16 ARCA 100 60.9900 -6,099.00 -0.50 0 P
NVDA 2006-04-05, 15:00:16 SUPERSOES 100 60.9900 -6,099.00 -0.50 0 P
----------------------------------------------------------------------------------

2006-04-04 (Tuesday) Bad day NVDA surpass 60 firmly (Started adding PUTs, Pure Option trade day)

It is Tuesday (April 4, 2006), NVDA continues its up momentum that it started from 58 and surpass 60 firmly. I gave up idea of averaging down by stock. I used Option approache to hedge this unexpected jump.

From 11:46AM to end of day, I bought 83 NVDA200604-55PUT from 0.60 to 0.50. Its closing price was 0.52.

============================================================================
NVDA APR06 55 P (100) 2006-04-04, 11:46:11 CBOE 2 0.6000 -120.00 -1.50 0 O
NVDA APR06 55 P (100) 2006-04-04, 12:13:56 PHLX 10 0.6000 -600.00 -7.50 0 O
NVDA APR06 55 P (100) 2006-04-04, 12:14:33 PHLX 5 0.6000 -300.00 -3.75 0 O
NVDA APR06 55 P (100) 2006-04-04, 12:15:19 PHLX 10 0.6000 -600.00 -7.50 0 O
NVDA APR06 55 P (100) 2006-04-04, 12:16:12 ISE 10 0.6000 -600.00 -7.50 0 O
NVDA APR06 55 P (100) 2006-04-04, 12:55:03 CBOE 2 0.6000 -120.00 -1.50 0 P O
NVDA APR06 55 P (100) 2006-04-04, 13:44:18 CBOE 1 0.6000 -60.00 -0.75 0 P O
NVDA APR06 55 P (100) 2006-04-04, 13:55:39 PHLX 7 0.6000 -420.00 -5.25 0 P O
NVDA APR06 55 P (100) 2006-04-04, 14:00:29 CBOE 2 0.5500 -110.00 -1.50 0 O
NVDA APR06 55 P (100) 2006-04-04, 14:01:08 CBOE 5 0.5500 -275.00 -3.75 0 O
NVDA APR06 55 P (100) 2006-04-04, 14:01:08 CBOE 10 0.5500 -550.00 -7.50 0 O
NVDA APR06 55 P (100) 2006-04-04, 15:52:17 CBOE 6 0.5000 -300.00 -4.50 0 P O
NVDA APR06 55 P (100) 2006-04-04, 15:52:29 ISE 2 0.5000 -100.00 -1.50 0 P O
NVDA APR06 55 P (100) 2006-04-04, 15:52:56 ISE 2 0.5000 -100.00 -1.50 0 P O
NVDA APR06 55 P (100) 2006-04-04, 15:55:49 CBOE 4 0.5000 -200.00 -3.00 0 P O
NVDA APR06 55 P (100) 2006-04-04, 15:56:28 CBOE 5 0.5000 -250.00 -3.75 0 P O
================================================================================

Ending position is : -766 NVDA closing 60.61 (Lost 2000 for this position). I was lucky I didn't average down. Otherwise it will be another big bloody day.

86 NVDA200604-55PUT

Ending balance is 38680.00

2006-04-03(Monday)

Today it is a little boring. I will have MBA 5270 Final test. I didn't have much trades.

Last Friday the TA trend shows little down sign.

But this morning, it still shows strong. It started at 57.6 and up again.
Short NVDA from 57.98 to 58.40

Start coving from 15:30 from 57.9 to 57.51.

I have chance to escape tomorrow's masacre of 60 if I put more cover orders at 57.50!

The ending balance is -766 NVDA and 3 NVDA200604-55 PUT cost at 0.87
Ending balance is 41252

=========================================================================
NVDA 2006-04-03, 10:54:27 ISLAND -100 57.9800 5,798.00 -1.00 0
NVDA 2006-04-03, 10:54:27 ISLAND -100 57.9800 5,798.00 -1.00 0
NVDA 2006-04-03, 10:54:28 ISLAND -100 57.9900 5,799.00 -1.00 0
NVDA 2006-04-03, 10:55:27 ISLAND -100 58.0300 5,803.00 -1.00 0
NVDA 2006-04-03, 10:55:50 ISLAND -100 58.0800 5,808.00 -1.00 0
NVDA 2006-04-03, 10:56:45 ISLAND -100 58.1000 5,810.00 -1.00 0
NVDA 2006-04-03, 10:58:58 ISLAND -100 58.1500 5,815.00 -1.00 0
NVDA 2006-04-03, 10:59:03 ISLAND -100 58.1600 5,816.00 -1.00 0
NVDA 2006-04-03, 10:59:03 ISLAND -100 58.1800 5,818.00 -1.00 0
NVDA 2006-04-03, 11:01:28 ISLAND -100 58.2600 5,826.00 -1.00 0
NVDA 2006-04-03, 11:01:28 ISLAND -100 58.2800 5,828.00 -1.00 0
NVDA 2006-04-03, 11:02:08 ISLAND -100 58.3800 5,838.00 -1.00 0
NVDA 2006-04-03, 11:02:38 ISLAND -100 58.4000 5,840.00 -1.00 0
NVDA 2006-04-03, 11:04:26 ISLAND -100 58.4000 5,840.00 -1.00 0
NVDA 2006-04-03, 15:20:34 ISLAND 400 57.9000 -23,160.00 -2.00 0
NVDA 2006-04-03, 15:44:43 ISLAND 105 57.9000 -6,079.50 -1.00 0 P
NVDA 2006-04-03, 15:44:43 ISLAND 95 57.9000 -5,500.50 0.00 0 P
NVDA 2006-04-03, 15:46:35 ISLAND 200 57.8800 -11,576.00 -1.00 0
NVDA 2006-04-03, 15:58:12 ARCA 100 57.9100 -5,791.00 0.00 0 P
NVDA 2006-04-03, 15:58:12 ARCA 100 57.9100 -5,791.00 -1.00 0 P
NVDA 2006-04-03, 15:59:26 ISLAND 200 57.9100 -11,582.00 -1.00 0
NVDA 2006-04-03, 16:45:47 ISLAND 66 57.5800 -3,800.28 -1.00 0 P
NVDA 2006-04-03, 16:45:47 ISLAND 34 57.5000 -1,955.00 -1.00 0
NVDA 2006-04-03, 16:45:47 ISLAND 34 57.5800 -1,957.72 0.00 0 P
NVDA 2006-04-03, 16:45:47 ISLAND 100 57.5100 -5,751.00 -1.00 0
======================================================================

2006-03-31 (Friday) NVDA pull back to TA shows dropping?

The NVDA opened higher I started to short 1000 NVDA from 57.8 to 58.10. I started to cover NVDA in the afternoon at 13:41. I covered 1000 NVDA from 56.98 to 57.01.

Technically these 20 trades were successful. At 14:03 NVDA began to bounce back to 57.40 level. I started shorting 1000 NVDA from 57.30 to 57.80 (14:55PM).

I started to cover 1400 NVDA at 15:31PM from 57.27 to 57.46.


My ending position was -800 NVDA closing at 57.26

Ending balance is $41383.47

This is not a bad day, because the balance went back to 41300. And both MACD and OBV shows dropping sign.

In the evening in the DaQian, I am happy to write post happy with owning short position of NVDA. What a joke!!

2006-03-30 Still fight with NVDA up trend

Continue from yesterday's nightmare. I try to save my remaining -1800 NVDA.

I made 70 trades of NVDA cover/short/cover/short. Commission is $70 today!!! (I am contributing to IB)

The trades doesn't help me a lot. Because the NVDA continue its rising and ending with 57.47.

My ending position was -1200 NVDA
Ending balance is $40144.04

----------------------------------------------------------------------
NVDA 2006-03-30, 09:37:23 ISLAND 50 56.5000 -2,825.00 0.00 0 P
NVDA 2006-03-30, 09:37:25 ISLAND 50 56.5000 -2,825.00 -1.00 0 P
NVDA 2006-03-30, 09:37:25 ISLAND 100 56.4800 -5,648.00 -1.00 0
NVDA 2006-03-30, 09:53:50 ISLAND 100 56.5000 -5,650.00 -1.00 0
NVDA 2006-03-30, 09:55:50 ISLAND 100 56.5000 -5,650.00 -1.00 0
NVDA 2006-03-30, 09:55:56 ISLAND 100 56.4900 -5,649.00 -1.00 0
NVDA 2006-03-30, 09:55:57 ARCA 100 56.4800 -5,648.00 -1.00 0
NVDA 2006-03-30, 10:38:23 ISLAND -100 57.1000 5,710.00 -1.00 0
NVDA 2006-03-30, 10:39:29 ISLAND -100 57.2800 5,728.00 -1.00 0
NVDA 2006-03-30, 10:44:56 ISLAND -100 57.1000 5,710.00 -1.00 0
NVDA 2006-03-30, 10:45:11 ISLAND -100 57.1800 5,718.00 -1.00 0
NVDA 2006-03-30, 10:48:13 ISLAND -27 57.4000 1,549.80 -1.00 0 P
NVDA 2006-03-30, 10:48:13 ISLAND -100 57.3900 5,739.00 -1.00 0
NVDA 2006-03-30, 10:48:13 ISLAND -73 57.4000 4,190.20 0.00 0 P
NVDA 2006-03-30, 10:49:15 ISLAND -100 57.4800 5,748.00 -1.00 0
NVDA 2006-03-30, 10:49:25 ARCA -100 57.5500 5,755.00 -1.00 0
NVDA 2006-03-30, 10:54:41 ISLAND -11 57.7000 634.70 -1.00 0 P
NVDA 2006-03-30, 10:54:42 ISLAND -89 57.7000 5,135.30 0.00 0 P
NVDA 2006-03-30, 11:46:13 ISLAND -100 57.3000 5,730.00 -1.00 0
NVDA 2006-03-30, 11:48:15 ISLAND -100 57.4000 5,740.00 -1.00 0
NVDA 2006-03-30, 12:00:50 ISLAND 100 57.0200 -5,702.00 -1.00 0
NVDA 2006-03-30, 12:00:51 ISLAND 100 57.0100 -5,701.00 -1.00 0
NVDA 2006-03-30, 12:00:51 ISLAND 100 57.0100 -5,701.00 -1.00 0
NVDA 2006-03-30, 12:00:51 ISLAND 100 57.0100 -5,701.00 -1.00 0
NVDA 2006-03-30, 12:00:51 ISLAND 100 57.0100 -5,701.00 -1.00 0
NVDA 2006-03-30, 12:01:00 ISLAND 100 57.0000 -5,700.00 -1.00 0
NVDA 2006-03-30, 12:04:45 ISLAND 100 57.0000 -5,700.00 -1.00 0
NVDA 2006-03-30, 12:08:41 ARCA 100 57.0000 -5,700.00 -1.00 0
NVDA 2006-03-30, 12:09:26 ISLAND 100 56.9900 -5,699.00 -1.00 0
NVDA 2006-03-30, 12:11:44 ARCA 100 56.9900 -5,699.00 -1.00 0
NVDA 2006-03-30, 12:12:34 ISLAND 100 56.9900 -5,699.00 -1.00 0
NVDA 2006-03-30, 12:17:27 ISLAND 100 56.9900 -5,699.00 -1.00 0
NVDA 2006-03-30, 13:28:07 ISLAND 100 56.5000 -5,650.00 -1.00 0
NVDA 2006-03-30, 13:28:44 ISLAND 100 56.3600 -5,636.00 -1.00 0
NVDA 2006-03-30, 14:03:57 ISLAND -100 56.8000 5,680.00 -1.00 0
NVDA 2006-03-30, 14:10:47 ISLAND -20 56.7500 1,135.00 -1.00 0 P
NVDA 2006-03-30, 14:10:47 ISLAND -80 56.7500 4,540.00 0.00 0 P
NVDA 2006-03-30, 14:11:23 ISLAND -100 56.8000 5,680.00 -1.00 0
NVDA 2006-03-30, 14:12:23 ISLAND -100 56.8200 5,682.00 -1.00 0
NVDA 2006-03-30, 14:12:57 ISLAND -100 56.8300 5,683.00 -1.00 0
NVDA 2006-03-30, 14:17:36 ISLAND -100 56.8500 5,685.00 -1.00 0
NVDA 2006-03-30, 14:21:02 TMBR -100 56.9500 5,695.00 -1.00 0
NVDA 2006-03-30, 14:21:10 ISLAND -100 56.9900 5,699.00 -1.00 0
NVDA 2006-03-30, 14:21:10 ISLAND -100 56.9900 5,699.00 -1.00 0
NVDA 2006-03-30, 14:21:10 ISLAND -100 57.0000 5,700.00 -1.00 0
NVDA 2006-03-30, 14:29:14 ISLAND -100 57.0000 5,700.00 -1.00 0
NVDA 2006-03-30, 14:49:54 ISLAND -100 57.1000 5,710.00 -1.00 0
NVDA 2006-03-30, 15:08:33 ISLAND 100 56.9500 -5,695.00 -1.00 0
NVDA 2006-03-30, 15:20:54 ISLAND -100 57.1000 5,710.00 -1.00 0
NVDA 2006-03-30, 15:44:17 ISLAND 100 57.5000 -5,750.00 -1.00 0
NVDA 2006-03-30, 15:44:28 ISLAND 100 57.4900 -5,749.00 -1.00 0
NVDA 2006-03-30, 15:45:42 ISLAND 100 57.4500 -5,745.00 -1.00 0
NVDA 2006-03-30, 15:46:05 ISLAND 200 57.4500 -11,490.00 -1.00 0
NVDA 2006-03-30, 15:47:11 TMBR 200 57.4900 -11,498.00 -1.00 0
NVDA 2006-03-30, 15:47:44 ISLAND 100 57.4400 -5,744.00 -1.00 0
NVDA 2006-03-30, 15:47:53 ARCA 100 57.4100 -5,741.00 -1.00 0
NVDA 2006-03-30, 15:55:31 ISLAND 100 57.4100 -5,741.00 -1.00 0
NVDA 2006-03-30, 15:55:46 ISLAND 100 57.4000 -5,740.00 -1.00 0
NVDA 2006-03-30, 15:55:54 ISLAND 100 57.4000 -5,740.00 -1.00 0
NVDA 2006-03-30, 15:55:54 ISLAND 100 57.4000 -5,740.00 -1.00 0
NVDA 2006-03-30, 15:56:43 ISLAND 100 57.3900 -5,739.00 -1.00 0
NVDA 2006-03-30, 15:57:11 ISLAND 100 57.3800 -5,738.00 -1.00 0
NVDA 2006-03-30, 15:57:11 ISLAND 100 57.3800 -5,738.00 -1.00 0
NVDA 2006-03-30, 15:57:36 TMBR 100 57.3700 -5,737.00 -1.00 0
NVDA 2006-03-30, 16:00:08 ISLAND 20 57.3800 -1,147.60 -1.00 0 P
NVDA 2006-03-30, 16:00:08 ISLAND 80 57.3800 -4,590.40 0.00 0 P
NVDA 2006-03-30, 16:44:28 ARCA -100 57.4500 5,745.00 -1.00 0
NVDA 2006-03-30, 16:45:04 ARCA -100 57.4500 5,745.00 -1.00 0
NVDA 2006-03-30, 16:47:28 ARCA -100 57.4500 5,745.00 -1.00 0
NVDA 2006-03-30, 16:48:06 ARCA -100 57.4500 5,745.00 -1.00 0
NVDA 2006-03-30, 16:50:33 ARCA -100 57.4500 5,745.00 -1.00 0
NVDA 2006-03-30, 16:58:32 ARCA -100 57.4500 5,745.00 -1.00 0
NVDA 2006-03-30, 17:35:18 ARCA -100 57.5500 5,755.00 -1.00 0
NVDA 2006-03-30, 17:36:09 ARCA -100 57.5500 5,755.00 -1.00 0
NVDA 2006-03-30, 17:43:52 ISLAND -100 57.6400 5,764.00 -1.00 0
-------------------------------------------------------------------

Nightmare begins again on NVDA from Mar29,2006

Continuing from yesterday's success of shorting NVDA (win $366),

The starting position was:
FDRY 35063R100 FOUNDRY NETWORKS INC 200 17.8500 3,570.00
JRCC 470355207 JAMES RIVER COAL CO -200 34.4400 -6,888.00
NVDA 67066G104 NVIDIA CORP -800 54.1700 -43,336.00
THI 88706M103 TIM HORTONS INC 200 26.4800 5,296.00
VPHM 928241108 VIROPHARMA INC 100 11.4200 1,142.00


NVDA started at around 54.00. I thought it just bounce up and down. I didn't realized it may have big jump coming in the following days.

It started very low today (May 29), it even droped below $54. I actually reduced my position before I went to office. I covered 300 NVDA from 53.96, 53.98, 54.01 at around 9:40AM. If I don't try average down, I won't have such big loss. From 9:40AM -10:18AM, NVDA JUMPED to 54.99 near to 55. I started shorting NVDA, totaling 1800 shares from 54.98 to 55.47 from 10:18 to 11:13AM. In order to short 1800 NVDA, I covered 200 THI at 27.12.

I then covered 200 JRCC at 34.27 and 34.28. Then I shorted 100 NVDA at 55.48. At this moment I have -2400 NVDA with average cost around 55. My leverage ratio is around 3.4. I have to clear some positions. I cleared 100 VPHM and 200 FDRY at 11:20AM.

The NVDA continue rising to over 56.90 way higher that my cost $55.00. I have no fund to short! Damm, I am bursted. I have to wish it drops in the afternoon. It didn't drop. It maintain the 56.60 level. I leave the shares there expecting system to sell them for me. I went to staff meeting.

It did trigger the margin call. The system sold 600 shares of NVDA from 56.85 to 56.92 at 15:50PM.

The market closed at 57.08. With 2400 short positions, I lost $4800 in one day!!! This is the biggest single day loss in 2006. The nightmare is even bigger than THI and JRCC.

The ending position is -1800 NVDA with cost $55, closing $57.08

The ending balance is $40247.92

The leverage ratio still sits on 3.0.


It is 15:19.

日日颂读，天天感悟: 股市金刚经--绝对高手的致深感悟

日日颂读，天天感悟: 股市金刚经--绝对高手的致深感悟
http://web.wenxuecity.com/BBSView.php?SubID=finance&MsgID=416125

交易之道， 刚者易折。 惟有至阴至柔， 方可纵横天下。 天下柔弱者莫如水， 然上善若水。

成功， 等于小的亏损， 加上大大小小的利润，多次累积。
做到不出现大亏损很简单， 以生存为第一原则， 当出现妨碍这一原则的危险时， 抛弃其他一切原则。 因为， 无论你过去曾经， 有过多少个100％的优秀业绩， 现在只要损失一个100％ 你就一无所有了。

交易之道， 守不败之地， 攻可赢之敌。 100万亏损50％就成了50万， 50万增值到100万却要盈利100％才行。 每一次的成功， 只会使你迈出一小步。 但每一次失败， 却会使你向后倒退一大步。 从帝国大厦的第一层走到顶楼， 要一个小时。 但是从楼顶纵身跳下， 只要30秒， 就可以回到楼底。 　　

在交易中， 永远有你想不到的事情， 会让你发生亏损。 需不需要止损的最简单方法， 就是问自己一个问题： 假设现在还没有建立仓位， 是否还愿意在此价位买进。 答案如果是否定， 马上卖出， 毫不犹豫。 　　

逆势操作是失败的开始。 不应该对抗市场， 或尝试击败他。
没有必要比市场精明。
趋势来时， 应之，随之。
无趋势时， 观之，静之。
等待趋势最终明朗后， 再动手也不迟。
这样会失去少量的机会， 但却赢得了资金的安全。
你的目标必须与市场保持一致， 顺应市场的趋势。
如果你与市场保持一致， 利润自会滚滚而来。
如果你看错了趋势， 就得使用古老而可靠的保护伞——止蚀单。
这就是趋势和利润的关系。

操盘成功的两项最基本规则就是： 停损和持长。
一方面， 截断亏损，控制被动。 另一方面， 盈利趋势未走完， 就不轻易出场， 要让利润充分增长。
多头市场上， 大多数股票可以不怕暂时被套。 因为下一波上升会很快让人解套， 甚至获利。 这时候， 买对了还要懂得安坐不动， 不管风吹浪打，胜似闲庭信步。
交易之道的关键， 就是持续掌握优势。 　　

快速认赔， 是空头市场交易中的一个重要原则。
当头寸遭受损失时， 切忌加码再搏。
在空头市场中， 不输甚至少输就是赢。 多做多错， 少做少错， 不做不错。
在一个明显的空头市场， 如果因为害怕遭受小损失而拒绝出局， 迟早会遭受大损失。 一只在中长期下降趋势里挣扎的股票， 任何时候卖出都是对的。 哪怕是卖在了最低价上。 被动持有等待它的底部， 这种观点很危险， 因为它可能根本没有底。 　　

学会让资金分批入场。
一旦首次入场头寸发生亏损， 第一原则就是不能加码。 最初的损失往往就是最小的损失， 正确的做法就是应该直接出场。 如果行情持续不利于首次进场头寸， 就是差劲的交易， 不管成本多高， 立即认赔。 希望在底部或头部一次搞定的人， 总会拿到烫手山芋。
熊市下跌途中， 钱多也不能赢。 机构常常比散户死的难看。
小资金没有战略建仓的必要， 不需要为来年未知行情提前做准备。 不需要和主力患难到底。

明显下跌趋势中， 20－30点的小反弹， 根本不值得兴奋和参与。 有所不为才能有所为。
行动多并不一定就效果好。 有时什么也不做， 就是一种最好的选择。
不要担心错失机会， 善猎者必善等待。 在没有大机会的时候， 要安静的如一块石头。

交易之道在于， 耐心等待机会， 耐心等待最有利的风险/报酬比， 耐心掌握机会。

熊市里， 总有一些机构， 拿着别人的钱， 即使只有万分之几的希望， 也拼命找机会挣扎， 以求突围解困。 我们拿着的是自己的钱， 要格外珍惜才对。

不要去盲目测底， 更不要盲目炒底。 要知道， 底部和顶部， 都是最容易赔大钱的区域。

当你感到困惑时， 不要作出任何交易决定。 不需要勉强进行交易， 如果没有适当的行情。 没有胜算较高的机会， 不要勉强进场。

股市如战场， 资金就是你的士兵。 在大方向正确的情况下， 才能从容地投入战斗。 要先胜而后求战， 不能先战而后求胜。

投机的核心就是尽量回避不确定走势， 只在明显的涨势中下注。 并且在有相当把握的行动之前， 再给自己买一份保险（止损位摆脱出局）， 以防自己的主观错误。

做交易， 必须要拥有二次重来的能力， 包括资金上， 信心上和机会上。 你可以被市场打败， 但千万不能被市场消灭。 我们来到这个市场是为了赚钱， 但是这个市场却不是全自动提款机。

进入股市， 就是要抢劫那些时刻准备抢劫你的人。 股票投机讲究时机和技巧， 机会不是天天有， 即使有， 也不是人人都能抓住。 要学会分析自己擅长把握的机会， 以己之长，攻彼之短。 有机会就捞一票， 没机会就观望，离开。 如果自己都不清楚自己擅长什么， 就不要轻举妄动。 与鳄共泳有风险， 入市捞钱需谨慎。

做交易， 最忌讳使用压力资金。 资金一旦有了压力， 心态就会扭曲。 你会因为市场上的正常波动而惊慌出局， 以至事后才发现自己当初处于非常有利的位置。 你也会因为受制于资金的使用时间， 在没有机会的时候孤注一掷， 最终满盘皆输。 许多人勤奋好学， 开口有江恩，闭口艾略特， 说对了，到处炫耀， 亏大了，以为自己学艺不精，加倍钻研。

时间之窗，窗越开越多， 波浪理论，钱越数越少， 最后把自己弄得稀里糊涂， 自今也清醒不过来。

要知道， 所有的理论和技术都是在尊重市场趋势的前提下才能运用的好， 如果总是长期挨套， 只能说明你连股市中最基本的牛熊趋势都没分清， 看盘看得再精，数字无限神奇， 也不能改变你失败的命运。 即使再出现一个牛熊轮回， 套牢的依然还是你。 还满口索罗斯，巴菲特呢， 瞎掰！

资金管理是战略， 买卖股票是战术， 具体价位是战斗。 在十次交易中， 即使六次交易你失败了， 但只要把这六次交易的亏损， 控制在整个交易本金20％的损失内， 剩下的四次成功交易， 哪怕用三次小赚， 去填补整个交易本金20％的亏损， 剩下一次大赚， 也会令你的收益不低。

你无法控制市场的走向， 所以不需要在自己控制不了的形势中浪费精力和情绪。

不要担心市场将出现怎样的变化， 要担心的是你将采取怎样的对策回应市场的变化。

判断对错并不重要， 重要的是当你正确时，你获得了多大的利润， 当你错误的时候，你能够承受多少亏损。

入场之前， 静下心来多想想，

想想自己有多少专业技能支撑自己在市场中拼杀，
想想自己的心态是否可以禁得住大风大浪的起伏跌宕，
想想自己口袋中有限的资金是否应付得了无限的机会和损失。

炒股如出海，避险才安全。 海底的沉船都有一堆航海图。
最重要的交易成功因素， 并不在于用的是哪一套规则， 而在于你的自律功夫。


时间决定一切。 总设计师和林副主席的不同故事告诉我们， 人生并不只是谋略之争， 某种程度上也是时间和生命的竞争。
巴非特多活10年， 每年哪怕只有5％的持续盈利， 其财富的总增长， 也足以笑傲天下。