The first trade was more or less a test and I treated it as such. It was only a couple of hours in duration on a short term option play:
May 22 GLD 115 Call
Entry: 6 May $2.50
Exit: 6 May $3.25
Gain/Loss: + 23.1%
Duration: 2 hours
These other trades are of longer duration and are currently open:
Jan 22 2011 GLD 115 Call
Entry: 7 May $11.50
Exit: Open
Current Price: $13.35
Gain/Loss: +15.93%
Duration: 4 days
Jan 22 2011 AUY 10 Call
Entry: 7 May $2.25
Exit: Open
Current Price: $2.58
Gain/Loss: +14.2%
Duration: 4 days
Jan 22 2011 SSRI 15 Call
Entry: 11 May $6.20
Exit: Open
Current Price: $6.60
Gain/Loss: +6.25%
Duration: 1 days
So far so good. I purposefully went to the farther out expirations to allow me to hold theses positions to get a feel for trading stops and volatility of the actual Elder Impulse chart indicators. I tracked these trades on paper with the nearest May expiration and the returns were eye popping! A May GDX 48 Call went up over 100% in 1 day!
With a new trading mechanism I believe you have to gain confidence before swinging for the fence. I will continue to play with the Elder Impulse and pass on what I am seeing.
No comments:
Post a Comment