Follow by Email

Select Your Language







The Tip Jar





Blog Archive

Wednesday, July 17, 2013

Recently Closed Trades / Positions from Wolf on Wall Street

These are two Equity (no leverage) positions we just closed out for a little while in AAPL and MCP along with a +50% 2 hour option trade in AAPL as well. From...


AAPL was a long equity position that I believe will see more upside as I think it's part of a bear market counter trend rally (specifically in AAPL). However near term I decided that some of the charts I expected to hold up, just didn't and that holding this position (even though I intend for it to be a longer term position) would at best be opportunity cost and at worse, the loss of the recent gains. I actually called this out as a sell Monday, the AAPL Calls opened Friday late in the day and closed at 10:45 Monday morning had about 2 hours of market exposure and made +50%.

I never posted the P/L for the equity position or today's MCP equity position.


AAPL


At the fill of $429.76 the AAPL P/L came out to almost 7.5%, that's most of the move from AAPL's recent closing lows.

I decided to take half the MCP position off today and probably use a trailing stop on the other half unless something pops up, I do like MCP a lot as a longer term long position and although I really miss just putting a position like that away and not worry about it, I have to try to get you the best entry and exit areas I can.

MCP


At the $7.24 fill the gain came out to be a little better than +10.75%, we ended up closing this about $.08 off the intraday high.

MCP's closed out trade today.

For now I'd rather use a 15 min/50 bar m.a. as the stop, perhaps I'll use the trend channel at some point. If you want to tighten the stop up the 10 min 50-bar works pretty well here too.

MCP 15 min 50 bar m.a. as a stop, this should move higher and locking gains pretty quickly.


Brandt Uses Worden's TeleChart and StockFinder 5 Exclusively


blog comments powered by Disqus

Disclaimer:

Disclaimer: This website may include stock, financial, economic and market analysis. Any opinions, ideas, views and statements expressed here are opinion only, subject to change without notice and for informational and entertainment purposes only. Trading stocks and other financial instruments carries a high degree of risk. It is possible that an investor or trader may lose part or all of their investment. Accuracy and timeliness of any information is not guaranteed and should only be used as a starting point for doing independent additional research allowing the investors/traders to come to his or her own opinion. Nothing on this blog is to be considered a buy, hold or sell, recommendation. Any investments, trades and/or speculations made in light of the opinions, ideas, and/or forecasts expressed or implied herein are committed solely at your own risk, financial or otherwise.
Additionally this site contains links to other companies. I as the author of the site may receive financial or other considerations from other parties that appear on this site. In no way does that imply that I endorse, condone or support products, services or views of any company, product or service appearing on this site.

The Bottom line, this site is a collection of my opinions with several companies that I may receive a fee or other considerations from, for the use of my site. I have no stake in the company, I have no way of knowing what they are about. YOU ARE SOLELY RESPONSIBLE FOR ANY DECISIONS OR CONSEQUENCES OF SUCH DECISIONS THAT MAY ARISE FROM YOUR USE OF THIS SITE. Disclosed affiliations include Worden, TeleChart, StockFinder, Google Adsense, INO.com and FreeStockCharts.com