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Game Plan 02/12

12 Feb

I have 4 long positions open

  1. AAPL- Bought a 500 call when the stock was near 483.50 (resistance). Stock dropped below 480. 484.94 was the high of the day. 476.25 is my stop on this. Once hit, I will exit my position.
  2. LNKD- Bought a 155 call when the stock price was near 155. Looking to exit near 158 area. 158.9 was the high of the day. Stop at 153.49. 
  3. PCLN- Over 700, it can rip higher to 710. Looking for a target of 710 on this if the market is strong. Will bail on these if it doesnt move much tomorrow. 693.3 is the stop loss.
  4. VMW- Small position, will keep it until friday and let it expire. Still in a tight range. Needs to get over 79.5 to see upside on this.

Take profits and losses. Do not let your emotions take decisions for you. Be objective and work according to your plan.
Your plan is to take profits and cut losses short tomorrow. 

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Posted by on February 12, 2013 in Trading Plan

 

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