Best Trend Trade (CLF)

Practiced a trade on CLF a couple of days ago up about 2%.

Decided to enter real money play. Details below.

02/01/2012 15:14:58 Bought CLF Feb 18 2012 75.0 Call @ 2.10

02/03/2012 10:02:28 Sold CLF Feb 18 2012 75.0 Call @ 2.40


Currently in CHK calls.

Bought for $1.36 Current price $1.44

Loving RTT !!

MTut

I have been watching CHK as well. I practiced an entry (daily chart) on Friday. My hesitation for entering with real money is the long steady decline on the daily chart since August. Due to that trend line resistance (from August till now) currently in the high $22s, CHK seems like a sniper play when trading on the Daily chart right now.

Good day for CHK despite the flat/down market.

I agree with the downward trend of CHK on the daily chart. Got out today.

Buy to Open CHK Mar 17 2012 22.0 Call Limit 1.36 11:45:41 02/03/12

Sell to Close CHK Mar 17 2012 22.0 Call Limit 1.58 15:19:52 02/06/12

Nice little profit. Don't like to carry call positions thru a weekend.

I have been practicing as well. This flat market indicates to me that a pull back is most likely coming soon.

I am presently in CHK calls (practice play). I am up 30% and probably should get out, but my signals are still telling me it will run a little more, so I will see how it reacts today and make a decision (most likely sell).

I am also in DECK. It has performed quite well since Thursday of last week (calls). My signals are telling me to sell-soon. I will take my 20% profit on calls and be happy. Hopefully, the stock will not open significantly lower than it closed yesterday.

RTT's research has given me more confidence to trade without fear. My trading strategies and research on each stock has changed and have become more thorough. This site has become the foundation to my selection of stocks to trade.

Hope you got out of CHK! My indicators are all turning down.

Yeah, CHK hit that downtrend line (starting in August) on the daily, and started falling again.