LVS Trade on Jun 29, 2012 09:54 from daveinzone: Tradervue User Stock Trades.

5.5 R's on LVS trade...

I spent my morning focused only on trading LVS. I was concerned with two levels - The 43.30 level which I was interested in getting long if I saw confirmation from the Tape and 43.90 - 44 for a target. I wasn't interested in getting short since the market was really strong.

I took a total of 3 trades. One was a scatch, my second trade stopped out for a 1 R loss and my third trade was this one which was good for an overall profit of 5.5 R's based on the dollars at risk. I position sized this trade with .10 cents of risk and quickly adjusted my stop to .05 cents. I noticed a seller at .55 that was holding the offer and was selling a bunch. Once .50's started to hold the Bid I added half a Lot at .52 and adjusted my stop to B/E. My plan was to add once the seller lifted .55's which is where I took the offer and got filled at 43.59. I was still in a position of strength and took a piece off at .68 and was looking to see if we make a run to 43.90-ish. Once I saw .74's hold the offer I decided to kill the balance below .70 since it was time for me to wrap up my day...