STR Apr08 $50 Put @ market,

1. STR Apr08 $50 Put @ market, if stock price < $50.50



2. KSS Apr08 $45 Put @ market, if stock price < $46.00
3. PVH Jun08 $40 Put @ market, if stock price < $40.50
The next morning when I switch on my computer to check on my
trades, this is what happens last night when I was enjoying my dinner
with my friends.

1. STR not filled as the stock was bullish.
2. KSS Apr08 $45 Put filled at $3.20 and closed at $3.60, $0.40
or 12.5% profit.
3. PVH Jun08 $40 Put filled at $4.50 and closed at $5.00,
$0.50 or 11.1% profit.
All the three trades were set to trigger mechanically by the stock itself.
I don’t do the deciding, the stock does it for me. This eliminates the
chance of emotional trading. For STR, the stock was bullish and it
does not hit the entry point so the order was not triggered. There are
no predictions involved; it’s the stock that tells me what I should do
and does it for me. I just set it on auto pilot mode so that I can enjoy
my dinner.