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On SPX, right now is the true out.... Resistance 2 was just hit and it will take a lot to break thru. Doesn't mean it won't or will, just means that there are so more many things I can do with my life today than sit in front of a computer and corrupt my brain with a sideways move. I am about explosion and pay off. I am about training my brain to see profits. I am about not wasting time..
Off to go play Golf.
The Ideal behind my sale was to get out of near term options and move back for better time frames. I still like this move
sold last 2 @3.45 3 Minute time to take over and premium drop
2 SPX 2460 @ 2.00 Sold 2 at 7.50 nearly a 4 bagger
4 SPX 2465 @ 1.42.5 Sold 2 @ 3.85 Nearly a 3 bagger
still holding
2SPX 2465 @ 142.5 currently 3.45
2 SPX 2460 @ 2.00
4 SPX 2465 @ 1.42.5
Playing Monthlies that expire today...
SPX is highly RISKY and you have to be able to read many things to play this symbol
This is yesterdays order at close and my average
Yesterday I didn't post but at close I bought 2460 and 2465 SPX at close... The 4 hour MACD chart showed a MACD that had a huge Alligator mouth opening and I just couldn't resist. It was last minute so I didn't study, I didn't think, I just reacted and I didn't want to tell anyone just in case my reaction wasn't a good reaction.
The entire trading thing to me is to train the mind to see right from wrong and to react in the right direction. Apparently I am a lot closer than I thought I was because the 15 minute chart to me no way after the market closed...
This brings me back to the training that as long as the MACD is above the centerline and also if it is on the up rise under centerline it is positive.
If the MACD is downward and below it is Negative. it is 75% good and only 25% bad.
Things I am Working on Today
Charts: 3 minute, 5 minute, 15 minute, 30 minute, hour, 4 hour, Daily, Weekly, Monthly
Patterns: Head and Shoulders, Cup and Handle, Trends, Channels, Pivots, Candles
Days like today when the market is flat, there is plenty to do... Trading is about preparation.
Preparation sets up $$$$$$
Knowledge is worth more than you have ever thought....
As I wake this morning,
Check out the Market only to see a Flat Day... It brings to mind how important Volume and Patterns are to Option Traders.
Lesson 1)
Not every day is a trading day for an Option Trader.
Sideways trades are to burn off premium and unless you sale puts and calls, there is absolutely no money to be made, at least Big Upside Money. I understand Sales of puts or calls but my account isn't Big Enough to Qualify Apparently...
So I have learned to do what I do Best.... Don't Trade on Sideways Days
I'm pretty sure this is going to blow up to the down side again tomorrow...
All the news today sounds like its ben about them being able to sale out to shorts as the market goes up because its not like this is high volume...
Just a feeling that it get bloody tomorrow or sideways
Awesome. thanks.
My Close on the 3 minute MACD was close to the Top. There was one more Leg up and the Pivot was probably closer to the right time to have let go but I still believe in not being Greedy.
Since that time there has be Premium Burn on Both sides and the 3 minute MACD is dead Sideways. Not a lot but a little each half hour
You got it Buddy
Starting Next week I will start posting charts. Specially the ones I play to explain what I was looking at when I purchased...
Thanks Kraigger23.
Wish to follow to learn from you and your trades.
Good Morning Knights...
When I started this board, It didn't go over well with some people. I took offense and got myself kicked off the Option Millionaires Board. To say the least, that is a very good board and I am very found of several of the lead traders on that board.
We all have our Specialty and no one way to trade is better than another.
Jimmybob hits Home Runs and one of the most experienced Option Traders along with UPB.
CNVEGAS is a single after single after single hitter.
But with that said, Option Trading is Risky.
The reason we don't use huge investments but are looking for 20% Plus profits on our money on every trade.
I have come back to teach charts as well as Options.
There are times not to play Options and Times to Invest.
I am hoping to get a good chat room started so that the people that do decide to follow, learn from guys that have been trading Options for a while. Its not always about How To but sometime about How Not To Do.
But with all that Said, I use this board for my Own Personal Diary...
A place to go back and read about my Positive and Negative Plays
Remember: I post every trade to hold myself accountable.. But I am not at all Perfect so do not follow my plays, Learn why I play.
Over the next Several Months I am hoping to not only Teach, but at the same time refresh myself and learn.
I can say this
ITS GOING TO BE FUN
With that said, I will not buy a membership here so I only will have 15 post a day.
Out of here until the last hour...
The 2440 calls wed SPX have gone from 3.20 to 6.20 where I would have sold them @ 5.85 without hesitation
A $1,000 investment would have given us 3 and would have return $795.00 in 1 and 1/2 hours. The 3 minute says it about to take a break and the sto and macd told me that..... even though there might be much more in this.
I was taught not to be greedy.
75% profit is nothing to complain about.
In an over night and a single play that would have been $2,685 return... Making it very easy to take a day off and look for the next play with a clear head in a couple days...
I am watching right now to make sure my eyes are seeing the right thing. Most of you that know me understand I would have bought 10 or 20 of these. Its about being right not about the money.
Never be greedy when trading. Be Positive and in Control with no emotions, especially FEAR
My Play yesterday at close was Wed 2 day SPX 2440 puts. My entry would have been 5.00 and I would have purchased 2.
A $1,000 investment which is high risk for 2 days
At Open they were worth 14.75 and I could have dumped them at 14.45 with no problem which I would have. A 9.45 profit times 2 or $1,890.00 profit for an over night ride.
Less than 5 minutes into the open they dropped back to 11.00, which is what I call the premium Burn. Market makers are not truly sure what will happen at open so them lean to the safe side. The reason an immediate profit taking is sometimes truly important.
At the same time I watched the 2440 calls and they went from 3.20 to 3.70 on a .5 point move so they also didn't get anything but premium burn.
The reason you never chase at open.
If nothing else comes from this Post
I have a daily diary of what I have seen
Pay close attention to the Pivot Points as resistance and support
Lower Open: 1/2 right so far.
Will I get the 2nd 1/2 correct with a bounce after open... With the TVIX rising I expect volatility which is exactly what you need to day trade options.
To day Trade options and make money both ways, change to a 5 minute chart and watch the full sto.
With that said there is a lot of support so it may open lower and bounce back or it may open higher and bounce lower
Volume is the key to watch at close
I am expecting lower open tomorrow from most signals
Well I have been out for nearly a year after the Move to Colorado and Back to Texas. I have watched over the Summer but haven't played and I have noticed some changes to my initial plan. I am sure it won't take long to get back on top of it as I spend more time here.
As I learn I can help others
welcome back. i have been trying to master your macd zero cross over. was able to figure out 70%. looking forward to your posts to get it right this time.
YES!!!!
Welcome back. I will text you so you got my number again
Howie
Howie
New Phone, Apple not all numbers were transferred.
Text me or call me
Kraigger is Back and wants to know if anyone is around.
Company up and running 80+% and time to get back to having some fun. After Labor day I will post more if I hear from anyone
Guys Sorry, I haven't been that focused on the market and I never have truly traded the market from Memorial day to Labor day because of the summer volume.
I have also been building a new business that has taken off and soon will not need me. It is still about putting all the right people in place.
Should be back mid September, At least I am Hoping
Yours Truly
Kraigger
Kraigger, Good Day.
Don't know when you might pick this message up but i wanted to let you know I not here, on IHub too much anymore. Should you want to say hello leave me a message here on your board and I'll see it as i scan through.
Hope life is treating you well these days. Make it a great day.
Cnvegas
Hey Kraigger... I will text you tomorrow to say hey and ensure you have my number. Futures look like some red to start the week
Whats Up Howie
I am getting really settled in finely. I moved into a new house this weekend and the new company is doing well. I started looking at charts a few weeks back, have my eye on REGN and CMG to the upside... So far more break even than hitters but I think REGN is about to pay off. Keep an eye on it...
Hows the Restaurant world...
As for your number, Ill have to look, I think it may be in one of my older phones... Still Sunday nights the best time to talk?
Chat soon..
Feel free to call me..
Hello Old Friend! Good to see you are still alive and kicking! I've missed you and our weekly conversations. Would love to trade with you some more when you get back into it. I haven't been on iHub too much since you stepped away. But I'm ready to start contributing to this board again when you are....
I want you to know that I still use our techniques everyday. And even have learned some new tricks. My account is healthy and alive and well.
You have my number if you wanna text me and chat.
Happy Easter
I can't really say that I'm back yet, but I'm Looking...
Trading takes disciple, just like life lessons take some getting use to. God never gives us more than we can handle, and apparently I can handle a lot cause it just seems to keep coming, but with that said, the corner was turned and the upside is good, and long term is set up once again.
I miss these times and once I get everything else in order, then I'll be able to say
I'll Be Back
Take care of that wife...
Lo and B'ho it's kraigger! Good to hear from you. Looks like you are a busy person. Keeps you out of trouble.
You said before getting your life back on track was a priority issue for you.
Thank you I have been well and life has been good. If you remember I'm still doing my scalping technique. Have been refining it.
I've had to cut back on my trading this last 30 days. My wife had a slip and fall at the house and fractured her pelvic and hip bones. She was lucky, bad as it was no major damage. She is re-habing at her sisters house, she needs assistance for a while. I can't have her a home by herself while I'm at work. But, all is good.
so now I take a hot spot, Tablet and laptop and go visit her and trade.
Welcome back.
Hola Vegas
Life has had its Twist and Turns since my Divorce. Move to Denver, Moved Back to Austin, Rebuilt one of my companies and starting on a Second. Moved Twice since moving back and moving again next week, hopefully there for a little while while I build my house.
I hope you have been well, and I plan on dabbling again as I have been watching for about 2 weeks now.
Just bought a little REGN today for next week. An average of 2.48 387.50...
I like this set up. Any Close above 380 will set off a frenzy for next week is what I see.
Good Morning kraigger and all knights.
Happy New Year to all of you. Wishing you and all knights the best for 2017.
Get back in the saddle bud.
i am fourth degree knight/
re;
Knights Hospitallers (1113) and Knights Templar (1119),
i buy their insurance.
pay nice divy back when bought.
i am reading da 'Knights of The Round Table'
i gave you personal mark for good input.
Wish I was on it.. Hard the week before expiry
Nice to hear from you that you are well Howie. Good luck on a wild week.
Evening everyone! I've been busy with work the past few weeks. Traded very little. Gonna have some time this week though so I'm looking forward to it!
kraigger.hope u r doing good. u trading.
Lol dunno
I grabbed some
TSLA 205c
wonder if ackman is kiss of death for cmg. jcp,vrx,hlf all were duds for him.
I'll be looking for puts on CMG today after dust settles
Hey guys... I was out all day. Just saw this...
Kraigger... That is awful man. Obviously you traded your way and just had some awful luck. Would've made a killing if you held those calls. But we never play the woulda shoulda game. On to the next...
Chipotle and their damn "Black Swan" events. Will get even the best traders to drop some F Bombs and pound their desks...
i was about to post this for u.man u had it right in the initial place. 4hr macd almost crossed and why did you watch tv man.i missed many of these kind too.
i was going to buy today but wanted to wait 1 histogram green candle on 4 hr chart.
Can you believe it. Had Calls, Switched to Puts and the news on CMG has it up 29 points.
Should have had 2.70 into 26.00 instead I expire worthless.
Just my Luck.
Hey kraigger. How've u been?
Media tryna get sheeps to buy assuming lol
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Moderator kraigger23 | |||
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Knights of the Round Table
The fellowship of the Round Table was similar to those of the medieval military orders, Knights Hospitallers (1113) and Knights Templar (1119), founded in the First Crusade. Each order had their own set of rules or customs; such as what color or device they can have on their shields, surcoats, banner, etc.
Rules are Important to Success
According to Wace and Layamon | ||
Boron and the Vulgate Cycle | ||
Siege Perilous | ||
Round Table of Many Colours | ||
Imperfect Dreams |
Geoffrey of Monmouth was usually seen as one of the first who brought the Arthurian world to life, though there are scattered works, references and oral traditions from Wales and Brittany. Yet, in his Historia regum Britanniae ("History of the Kings of Britain", c. 1137), a number of essential elements that make up the Arthurian world, didn't appear in his work. The heroes, Lancelot and Perceval were no where to be seen. There was also no Camelot, no Holy Grail, and more importantly, no Round Table.
It wasn't until 1155, when an Anglo-Norman author from Jersey, named Wace, wrote down his Roman de Brut in French, and introduced the Round Table into the Arthurian legend. However, Wace's version was different to what we popularly know today about the Round Table.
The knights were usually of noble birth: they were usually kings and princes, dukes, counts (or earls) and barons. They formed the backbone of the army, since they were the only one who could afford expensive armour and weapon, as well as the cost of training and maintaining the war-horse.
When the knights attend a festival or council at the king's main hall, those who sat at the head of table, usually have precedence over others. These knights would feel envy or jealousy to those of higher ranking. Sometimes, the knights would cause a brawl, over who would take the seat at the head of table.
To resolve these problems, Arthur resorted to having his table constructed in a rounded shape. The ingenuity of this design, make all the knights equal, regardless if he was a king or a minor baron. No one would have precedence over others.
The knights in Arthur's company became known as the "Knights of the Round Table". These knights were heroes, renowned for their strength and courage, and for their skill in combat and warfare. They swore to protect the king and the kingdom.
Kraiggers Back
Round Table
In todays terms, A round table is much like a conference room. Many gather to give out ideals and the VP Manager or Big man on Campus, in literal terms, gets to pick from all the good ideas and present to the CEO. Problem with this is the Guy presenting is the only one that ever looks good and its up to him to promote the people helping him. Sounds a lot like Kissing Ass. So at my round table, everyone gets to take care of themself. The board is the conference room and the each person is the Manager or CEO. I'm just the Moderator.
KRAIGGER23's Picks
We do not sugar coat things. The Market isn't for everyone Trading is not Gambling Option are Dangerous but Profitable.
Update June 17, 2016
Been moving, Divorce and now to teach again.
Trading Options is about having a Plan.
My Plan
How to go from $5,000.00 to a Quarter Million in 6 Months... How would I know???? Because I was Successful Twice in 3 months and working on the 3rd time...
Now I just want to share my plan and Pay It Forward.
My Plan is Simple
Most of you that are following me, have seen my $5,000.00 Challenge. It really doesn’t matter if you have $1000.00 or $5000.00 to start, the theory is still the same. If you follow the schedule, and learn to trade a play that works for me 6 out of 10 times, you can learn to profit, as long as you are discipline. Yes I throw money at Lotto’s, but it is not part of this program. I have also traded for many years and understand a budget. Take lotto's out of your game until you have enough money to play Lottos.
I never play with anything I can’t afford to lose.
If you do the simplest of things, follow the schedule, Play within the rules I have established, learn to read charts, that I am willing to teach, open an account with my broker TDAMERITRADE, I can teach you how to see very basic models that are successful in the Options Market. As you grow, and your funds increase, then we will update your computer sytem so you can see everything at once.
So why do most people lose in Options.
Wealth is not earned overnight. Just like anything in life, you have to work hard, learn, specialize, produce, and in the end, reap the benefits.
Option Trading Weekly Starting Budget | ||||||||
$1000 to $6,720.00 | in 4 weeks | |||||||
Week | Balance Weekly | Play With | % Profit | Expected Earnings Week New Balance | ||||
$ 1,000.00 | $ 500.00 | 40% | $ 200.00 3 trades | $ 1600.00 | 3 trades max | |||
$ 1,600.00 | $ 700.00 | 40% | $ 280.00 3 trades | $ 2,440.00 | 3 trades max | |||
$ 2,440.00 | $ 800.00 | 40% | $ 320.00 3 trades | $ 3,400.00 | 3 trades max | |||
$ 3,400.00 | $ 1000.00 | 40% | $ 400.00 3 trades | $ 4,800.00 | 3 trades max | |||
$ 4,800.00 | $ 1,600.00 | 40% | $ 640.00 3 trades | $ 6,720.00 | 3 trades max | |||
No Matter where you start, the Theory is the same. Starting Budget $5,000.00 | ||||||||
Week | Balance Weekly | Play With | % Profit | Expected Earnings Week | ||||
1 | $ 5,000.00 | $ 1,000.00 | 40% | $ 1,200.00 3 trades | $ 6,200.00 | 3 trades max | ||
2 | $ 6,200.00 | $ 1,400.00 | 40% | $ 1,680.00 3 trades | $ 7,880.00 | 3 trades max | ||
3 | $ 7,880.00 | $ 1,600.00 | 40% | $ 1,920.00 3 trades | $ 9,800.000 | 3 trades max | ||
4 | $ 9,800.00 | $ 2,000.00 | 40% | $ 2,400.00 3 trades | $ 12,200.00 | 3 trades max | ||
5 | $ 12,200.00 | $ 3,000.00 | 40% | $ 3,600.00 3 trades | $ 15,800.00 | 3 trades max |
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