Friday, April 13, 2007

Missed twice for bring balance back to $59000


I missed 2 times of chances of cashing out when balance hit 59000 (similar to Feb 16's $69000 for that includes $8500 transfer)

The second time after Feb 16 chances was the second trading day(Feb 28) after that gap donw on Feb 27, 2007 when Shanghai composite droped 10%, and DOW followed dropping 400 points (Max, 500 points). On Feb 28, I did have excellent feeling that it will drop on the second day, however I didn't cash out.

The first time was recently after I continuing using winning vertical spread strategy. On April 12, 2007. I owned over 150 QQQQ 46 put, before 10:00PM, QQQQ dropped break down 44 for a short time. At that time when QQQQ beftween 43.95-44, my balance hit 59000. Up 4000 from the early day.

Now despite all the shadow ecomonic data, market continues rising.... (Not hitting up side of bolling band yet). Does damn MM have to manupulate the market to hit up line of bolline line before they start another gap down?

No my balance is 47500. way better than the date when I missed the first chance on Feb 16, 2007, however I am not at the btter position compared with Feb 28/Mar 1, 2007. $55000


I have to stay in patience. Because I believe ERs next week do not justify another round rising. We will see.

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