Alex the professional trader: 27/10/2007

Back to 18-9-07 : Where GOOG broke out

The GOOG trend is really one of extra ordinary bullish one. Players who swing trade by the trendline would have earned up to $100 by now.

This is an analysis of where is the practical entry and exit point to time this trade. Its a hypothetical situation, not an actual trade.

If enter at 18/9/07 break out of Inverted H&S pattern, hold till now (trenline still intact) would have earned $11,700, assuming the option was $20 to buy. Now its $137 (Nov 540 Call, assumed that time buy 2 mths in advance, 1 strike OTM when share price was $533).

Thus we can safely say, playing trend is profitable in long run, than day trade, and less stressful.

26-10-07 : Fib on GS

FIBO retracement does apply on GS.

Daily chart @ 26-10-07
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26-10-07 : Trade Summary

Tonite i look at the market from 12.30am onwards.

Notice a few stocks have break out, thus buy with tight profit margin, as most stocks have moved quite near their resistance.

Summary of my trades tonite :

GS Dec07 $230 call : $1.20
GOOG Nov07 670 call : $1
BSC Nov07 $120 call : $0.50
Total profits @ 26-10-07 : $2.70