My first AAPL trade was a low risk dummy entry on a break of the second bar high on the 15 minute timeframe. It did nicely at the start but then things started to get a little choppy. After the mid-morning consolidation, I moved my stop up to $87.00 which was just pennies under support. I'm not sure why, but AAPL lost about 2 points in a matter of minutes. I was stopped out with slippage but still profitable. Shortly after the fall, AAPL recovered and I knew it would take out the morning highs so I had to look for a way to get back in.I started watching it closely on the 3 minute timeframe and managed to find a fairly low risk entry on a consolidation break. The trade lasted about 40 minutes and generated close to 4 pts. Sweet!
6 comments:
"I'm not sure why, but AAPL lost about 2 points in a matter of minutes...."
Jobs messed around and said he would only discuss the Mac and then he unvieled the Phone...
nice trades, I did well also on the stock and calls...
Mystery resolved. Thanks Don!
he spooked everyone, and gave us day traders a chance to pop into the stock at a cheaper price, now I can actually buy the iPhone thanks to Steve! haha, good trade, options were killer today! whoo!
-Cal
Thats right Cal! Excellent trading patterns today for day/swing traders.
It was the first time having DJ newswires paid off when Jobs toyed with his words!
There are such few trades such as the AAPL one today in a year, where you get a chance to hit a homerun.
I'm glad everyone in the blogosphere and myself did well on this trade!
Cheers to All!
Great trade. Basically made the same trade on Aapl again today. Just buy on the break of a good base.
I missed the move today. Too busy at work to trade in the morning. Congrats to all those who were able to get another piece of AAPL on Wednesday!
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