Stick to the rules!

Ok the rules are right. They are always right. I got to see COF go to my original price target today, which was below my new stop loss target. I held on to it past the stop loss and thankfuly it came back. But the point is, stick to the rules to make money. Even if you have to wait a day or two to hit your entry point or have more than one trade on the table to watch for, but stick to the rules.

Broke the Rules ...... Again

My entry point for COF was .80 - .90. But when i saw it plunging this morning, I could not help but to buy it at $1.15. It closed at the day at $1.00. By my rules, it is at my .15 stop loss which I have to sell it. Hopefully it will gap down in the morning.

On The Radar For Monday December 29th

I am still eyeing COF as a PUT buy above where it is now at $29.50 up to $31.50. Buy .80 - .90.

Watch the market the first hour to see what type of volume there is and wait till atleast the first hour passes. (OI)
Also watching ENR as a long. Buy at $50.00. I bet a lot of batteries were bought at Christmas. (OI).

Watch MIR to drop below $17.48 to buy PUTS. (ut)

BJ short under $32 (ST)
TKR long over $18.50 (ST)

Cost buy PUTs at $51 (botd)

PLD above $15 april calls

STLD PUTS-plunges at $10.36 (ST)

Remember when buying options, look for tight spreads and stick to the $15.00 loss. Buy at the dips.

On The Radar For Friday December 26th

NCR buy PUTS at stock price $12.60-COF buy PUTS if finance sector going down at $30.50- $31.00

Smart Trading

A GOOD Trader WILL: 1. Always wait for the setup: No Setup-NO Trade. 2. Knows that winning trades work almost right away. 3. Never takes a big loss. Sell it and start over. 4. Takes small loses regularly. Winners will come. 5. Lets the stock keep working until it does NOT! 6. Is eager to sell a loser, NOT a winner! 7. Buys pullbacks/patterns on the strongest stocks. 8. Will always trade small so he is not emotional. 9. Takes responsibility for his own trades.

On The Radar For Monday December 8

FDX-FedX, watch for a dip back to $70 to buy CALLS and AMZN - Amazon dip to $46 to buy CALLS.

Bought RIMM PUTS again today

Bought RIMM PUTS at stock price $37.50 or PUT price of $1.63. Looking for stock to drive down to $32.00 on the next big sell off.

RIMM = A Winner

Bought RIMM today. Futures were down about 60 points this morning, so i jumped on RIMM on a bit of a risky trade. The market traded sideways all day or in rollercoaster mode. About 2 PM the market appeared to be rallying so got out at a $35 profit. After commision and taxes that dinner for two and dessert at whataburger. The celebration here is that I did not ride it back up in the rally and loose, but was smart and took a small gain. Take gains where ever you can, don't hang in there with emotion and loose. You can always play again tomorrow when you make small gains, but you will be finished tomorrow, if you loose it today.

Buy RIMM PUTS

Watching for RIMM to drop below $39.50 and buy PUTS. Rim has been continuing a downhill spiral, breaking multi year support levels and bouncing at support which is $38.50 on November 13th. Today bottom at $39.80. Are we still in a Bear market. If so, this will be a winner!!!!

Sold SNDA

Sold SNDA for .50 in profit. This pick came from Stock Twits. Thats two for two from that web page. http://www.stocktwits.com/streams/all After commission that's a $35 net profit. Thank you Jesus!