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  #1  
Old October 29th, 2012, 01:01 AM
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matthew matthew is offline
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Gold Trade Profit of $170

Current market price is 1714. I'm buying 1 Gold December at 1734. I'm placing my stop loss 12 ticks away or $1.20 or at 1,732.80. This is a stop loss of $120. If I get stopped out another stop of $120 will go into effect 9 times until I hit a total stop loss of $1,080. I'm also selling a December call option at a strike of 1790 at 5.00. This is worth $250 and expires 12/12/2012. The average true range is 1.0 on the minute and 19 on the day.
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Old November 4th, 2012, 09:58 PM
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The market is moving down. I still have the call option I wrote. I'll keep that, I'm going to re position pretty soon.
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Old November 5th, 2012, 07:11 PM
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I exited my 1790 call option at 1.60 from 5.0 for a profit of $170. I'm going to place another trade on this.
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Old November 10th, 2012, 11:41 PM
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Going to place the same trade on Gold but go in at 1739 and sell another call option.
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Old November 10th, 2012, 11:52 PM
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Current market price is 1730. I'm buying 1 Gold December at 1739. I'm placing my stop loss 12 ticks away or $1.20 or at 1,737.80. This is a stop loss of $120. If I get stopped out another stop of $120 will go into effect 9 times until I hit a total stop loss of $1,080. I'm also selling a December call option at a strike of 1790 at 4.00. This is worth $200 and expires 12/12/2012. The average true range is 1.0 on the minute and 19 on the day.
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