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Joined: 28 Dec 2005 Posts: 12643
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Posted: Tue Jul 04, 2006 10:45 am Post subject: DayTrading Portfolio (Jul 4th) |
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Trades for Wed Jul 5th:
I plan to cover SPY at 127.20 [for $350 gain] and cover IWM at 71.00 [for $1,000 gain]. However, if KBH falls to 45.50, I'll buy 1,000 shares and perhaps hold IWM for a longer-term trade. The SPY stop loss is raised to 129.50 and the IWM stop loss is raised to 74.50.
Trade 1: Buy 1,000 shares of KBH at 45.50. Sell above 46.50. Stop loss 44.00 (which is below 10-day low). Higher target price 48 to 53.
My portfolio is about $100,000, including over negative $35,000 in cash.
Shares Long
None
Shares Short
SPY 500
IWM 1,000
Portfolio at $100,000 on Jul 1st, 2006 This portfolio will start with $100,000 cash and $100,000 margin. Support and resistance levels will be noted. Buy and sell price targets, and stop losses will be set. |
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