AAPL

Rather have base hits. General market context isn't exactly bear-city either, so why be targeting home runs?

 

Fair enough, discretionary is slightly different but as you know, systematically you need to maximize profits on any given trade to achieve the best possible long term results.

In actual fact, if you built a system using resting limit orders the likelihood of it being profitable would be close to zero.

 

Yeah but when you say "maximize profits" you're saying "home run" in this context. Plenty of traders making quite a good living on "base hits" and I'm simply targeting the upper channel edge here (on a multi-year 3 drive at that).

 

Long 5/12 - 155 put at 2.94

Edit: It's going to be an exciting 15 mins!

 

Stocks don't get much more bullish than what AAPL is right now. I'm not seeing any chinks in its armour yet.

 

It seems that more is yet to come in the nearest time. The stock looks pretty good now.

 

I was about 2 seconds late getting my closing order in. Guess I'm riding this one out tonight...

 

The stock keeps rising because its running on all 8 cylinders. The News and fundamentals are superior. I see the $180's soon!

 

Out at 2.19

 

I hope we see a bullish engulfing candle on yesterday’s candlestick, so I can drink the tears of these fear mongering bears.