Positions

Since my funded trading and practice trading is the same minus actual funds, I will begin putting my positions down. This would be my trading plan. If I'm sitting at the computer watching things, I may deviate slightly as I may manually adjust things depending on what the market does.

RIMM
-In Bullish @ 79.65 (8/24), Sep80C - 5, RFYIP, $4.10 ($2062.95)
- Hard stop @ 79.25 (for 8/24, 8/27)
- Hard stop @ 78.00 (for 8/28) - see a possible flag pattern, or a rising 3 method pattern
- Upside Targets are 89, 96.25, 100.25
- Out @ 78.00
- Cost = -$687.95 (33% cost) - before the market this morning, I changed my stop from 79.25 to 78. Had I gotten out @ 79.25, my costs would've been half of what they actually were. Another lesson learned. Do NOT lower your stops on BULL positions. Adjust UP if you're going to adjust. There was no way I was going to go lower than 78 for my stop and incur more costs. Perhaps I should've just taken the small profits I had yesterday?

CME
- In Bullish @ 538 (8/17), Sep560C - 1, CNMIZ, $19 ($1912.95)
- Hard stop @ 523 (for 8/20)
- Hard stop @ 531 (for 8/21)
- Hard stop @ 534 (for 8/22)
- Hard stop @ 544 (for 8/23, 8/24)
- Hard stop @ 551 (for 8/27)
- Hard stop @ 555 (for 8/28) - trading into an ascending wedge and if it breaks to the downside, I want out of this and set a bracket for 563 upside, 556 downside
- Upside Targets are 576, 590, 610
- Out @ 556.50 @ 16.75
- Cost = -$237.95 (12% cost) - pulled back some, got it; looked like it was headed down further


Notes: Due to volatility being so high when I got in, about $6 of the $19 was due to volatility. Though the stock has moved up $20 and my option has stayed about the same as the volatility has dropped. In fact, it's cost me some.

BIDU
- In Bearish @ 200.50 (8/24), Sep190P - 1, BDUUR, $6.90 ($702.95)
- Hard stop @ 206 (for 8/27)
- Out @ 206 (on 8/27) @ $5
- Cost = -$202.95 (29% cost)
- SWS to Bullish @ 206.50 (8/27), Sep210C - 1, BDUIB, $9.50 ($962.95)
- Hard stop @ 203 (for 8/28) - Upside Targets are $219, $231.90
- Out @ 203 at $8.10
- Cost = -$152.95 (16% cost) - with 2 costs, will now sit out on BIDU

CMI
- In Bullish @ 109 (8/21), Sep110C - 3, CDMIB, $5.60 ($1692.95)
- Hard stop @ 106 (for 8/22)
- Hard stop @ 112 (for 8/23, 8/24, 8/27)
- Hard stop @ 114 (for 8/28) - Upside Targets are $120.40, $126
- Out @ 114 at $9.00
- Profit = $1,007.05 (60% profit)

AAPL
- In Bullish @ 121 (8/17), Sep120C - 3, QAAID, $8.40 ($2532.95)
- Hard stop @ 119.50 (for 8/20, 8/21)
- Hard stop @ 123 (for 8/22)
- Hard stop @ 129 (for 8/23, 8/24)
- Hard stop @ 131; 0.75 Trailing Stop (on the stock) @ 136 (for 8/27, 8/28)
- Upside Targets are $137.25, $149.
- Out @ 131 at $13.15
- Profit = $1,412.05 (56% profit)

LEH
- In Bullish @ 56.50 (8/21), Sep55C - 5, LESIK, $5.10 ($2562.95)
- Hard stop @ 55 (for 8/22, 8/23)
- Hard stop @ 57 (for 8/24)
- Hard stop @ 57; 0.50 Trailing Stop (on the stock) @ 64 (for 8/27, 8/28)
- Upside Target 66.50. In a compression pattern (rectangle). If I get stopped out @ $57, I will have a bearish entry @ $56.50, doing a SWS (Switch Stop).
- Out @ 56.05 @ $4.10
- Cost = -$512.95 (20% cost)

MA
- In Bearish @ 140.75 (8/23), Sep140P - 3, MALUH, $5.70 ($1722.95)
- Hard stop @ 146.25 (for 8/24)
- Hard stop @ 142.75 (for 8/27)
- Hard stop @ 141.00 (for 8/28) - the last 6 trading days looks like an equilateral triangle. Moving my stop down some just in case it breaks to the upside.
- Downside Targets are 120-124.
- Hard stop @ 136.25; 0.40 trailing stop on the option @ 131 (for 8/29)
- Out @ 131.75 at $11.40
- Profit = 1697.05 (98.5% profit)
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