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Trading Room; 1KT 26 replies

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Trading room for not 1Kt

  • #1
  • First Post: Edited Oct 6, 2007 4:49am Sep 19, 2007 2:14am | Edited Oct 6, 2007 4:49am
Well im thinking to go long again on chinese stocks.(SNP) 1/4 margin....i hope for either a small pulback or a dailly breakout, tp +7%, sl -2%....or aprox
tp 117, sl 106....
its just money
  • #2
  • Sep 19, 2007 5:02am Sep 19, 2007 5:02am
Quoting de123
Well i think we the "others" deserve to have this tread, since we cant participate in the expirenced forum, due to not having 1ktrades or not being voted by 2 1kt members, so i created one.

Well im thinking to go long again on chinese stocks.(SNP) 1/4 margin....i hope for either a small pulback or a dailly breakout, tp +7%, sl -2%....or aprox
tp 117, sl 106....
Hello de123,

You took a good position and I wish you a good profit.

My personal Chinese favorite is Sinopec -because I think it moves sooo smoothly and pays sooo easy money-.

It's good to see such a post here, because to me money is the same, no matter how you make them (stocks, derivatives, bonds, or forex).

Do you also trade the options of the stocks you play?

Have a good profit!!

Bye for now,

Leo
  • #3
  • Sep 19, 2007 5:31am Sep 19, 2007 5:31am
Quoting famagusta
Hello de123,

You took a good position and I wish you a good profit.

My personal Chinese favorite is Sinopec -because I think it moves sooo smoothly and pays sooo easy money-.

It's good to see such a post here, because to me money is the same, no matter how you make them (stocks, derivatives, bonds, or forex).

Do you also trade the options of the stocks you play?

Have a good profit!!

Bye for now,

Leo
well thats what im talking about, sinopec,...snp...it gave me 11.22 % last time,..it was SO good to me, and i was stoped out, at 106,....i think it has got the room to break 100b usd capitalisation or 120usd,...no i dont use options to trade spread...but i may play eur/jpy long if snp will be triggered...do u know what is the only worrie,...i think the dow, and other futures stocks are expired as of 21 september so it may have some effect, i hope it will be short lived, and that it wont have "much" effect on "chinnese" boom...but i may chiken if i see 111 opening...lol
its just money
  • #4
  • Sep 19, 2007 5:47am Sep 19, 2007 5:47am
Quoting famagusta
Hello de123,

You took a good position and I wish you a good profit.

It's good to see such a post here, because to me money is the same, no matter how you make them (stocks, derivatives, bonds, or forex).

Leo
Leo...yes i was in good profit, but i didnt had the guts to make a swing...i know i should,...but looking in the past is far more easier then in future...

same here, making money has never been easy, so no matter if stocks or forex or futures...
its just money
  • #5
  • Sep 19, 2007 6:22am Sep 19, 2007 6:22am
Quoting de123
Leo...yes i was in good profit, but i didnt had the guts to make a swing...i know i should,...but looking in the past is far more easier then in future...

same here, making money has never been easy, so no matter if stocks or forex or futures...
What I'm sayin' here is that these stocks are very smooth in their moves. The moment I discovered Sinopec for example, I started trading also the options because very few securities give you a 10% smooth movement so often. As you know the results of options trading are extremely high for a 10% move of the underlying security.
That's why I asked about options trading.

Cheers,
Leo
  • #6
  • Sep 19, 2007 6:29am Sep 19, 2007 6:29am
well totally forget about that,...no,...i didnt try that,...so far i played it once and it just blown up, for 10% in i think in a week...and as of yesterdays trading i think it is ready for a big take off....it usually folow the PTR (or vise versa),...and now that PTR might make new highs with an easy go,...i think the snp, is again good play for the time being,...i just hope it openes close to closing price...
its just money
  • #7
  • Sep 19, 2007 6:38am Sep 19, 2007 6:38am
Quoting de123
Leo...yes i was in good profit, but i didnt had the guts to make a swing...i know i should,...but looking in the past is far more easier then in future...

same here, making money has never been easy, so no matter if stocks or forex or futures...
Anyway, about your postion with SNP, what I see is that the security is at a crossroad.

Your low risk entry would be at 100.57 (the close of 22/8/2007). That day opened with a gap, so your up move would have AT LEAST 3 trading days of up movement (as it had 3 up days before the gap formation). You could have exited on the 4th day, with a good profit.

At this moment, in my opinion you have 2 options:
-If SNP close higher than 111.32, it's a buy.
-If it closes below 104, then it's a sell.

If it stays between these boundaries, it's a NO TRADE.

-My last concern is that, because the security has already risen 16%-17% (from 17/8 until 27/8), any further up move should be closely monitored.
  • #8
  • Sep 19, 2007 6:48am Sep 19, 2007 6:48am
ok. i have been playing also next stocks....
never loose money with next stocks:
goog, ptr, vpc, aca, snp, rbs, pbr and gfi. au was also more good then not....
its just money
  • #9
  • Sep 19, 2007 6:53am Sep 19, 2007 6:53am
Quoting famagusta
Anyway, about your postion with SNP, what I see is that the security is at a crossroad.

Your low risk entry would be at 100.57 (the close of 22/8/2007). That day opened with a gap, so your up move would have AT LEAST 3 trading days of up movement (as it had 3 up days before the gap formation). You could have exited on the 4th day, with a good profit.

At this moment, in my opinion you have 2 options:
-If SNP close higher than 111.32, it's a buy.
-If it closes below 104, then it's a sell.

If it stays between these boundaries, it's a NO TRADE.

-My last concern is that, because the security has already risen 16%-17% (from 17/8 until 27/8), any further up move should be closely monitored.
well i dont have position yet....i think the consolidation is coming to the end, and so today i expect a dailly breakout, both dailly and weekly stohastics shows, that buyers are very agressive, and today i expect a dailly breakout so if that happens to be the fact ill go in...if i wont chiken my self...i hope i will not... lets see..
its just money
  • #10
  • Sep 19, 2007 7:07am Sep 19, 2007 7:07am
Quoting de123
well i dont have position yet....i think the consolidation is coming to the end, and so today i expect a dailly breakout, both dailly and weekly stohastics shows, that buyers are very agressive, and today i expect a dailly breakout so if that happens to be the fact ill go in...if i wont chiken my self...i hope i will not... lets see..
Well, that's it for today (for me). I'm signing out.

Leo
  • #11
  • Sep 19, 2007 7:12am Sep 19, 2007 7:12am
Quoting famagusta
Well, that's it for today (for me). I'm signing out.

Leo
By the way,

the price for SNP October Call (strike 115) is 2.33$/contract.

I wonder how much one could make by bying it now, if SNP advances...

hmmm.....
  • #12
  • Edited 10:01am Sep 19, 2007 8:22am | Edited 10:01am
Quoting famagusta
By the way,

the price for SNP October Call (strike 115) is 2.33$/contract.

I wonder how much one could make by bying it now, if SNP advances...

hmmm.....
thanks for ur input, we can discuss whatever here...not just snp!,

ok a little picture, before the market opens....so i see this...

have been in and now i am out,...1% profit banked...
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its just money
  • #13
  • Last Post: Sep 20, 2007 9:21am Sep 20, 2007 9:21am
ok...almost went in bmw, they have fallen preety sharply, and if they dont intend to make new lows i might go in...with no margin,...i would in snp, with no margin, but they are priced in dolars, and i aint doing that any more...only margin...

but that preety much depence if oil is going to take 85, i might change my mind preety quickly,...and maybe it isnt "the time" to invest in euro region, since euro is so outperforming,...: ...but maybe that may be somekind of hedge...ill have to read their news first ofcourse, and how are they handling the financial crisis,...etc...mainly i ll just wona know when they have a release report earnings,...that will be my tp,...anyway,...again it is just a pure tech analise and part fundy...not a trade yet...
Attached Image (click to enlarge)
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its just money
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