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Thanks for sharing.
For Ford I started accumulating in 2008 time frame my cost basis after writing options was below Zero I thought it would be above 25 by 2020 but it went to 3.95 so it was long and bumpy ride not easy.
My hope was at 25 I would have 1.75 million, Hahah dream sometime come true. In hind sight selling at 18+ would have been better but we all have stories.
Many mistake along the way, hopefully in future they will be less. I plan to trade 7 to 8K TNA daily with goal of 1 % with 3 months 10% down put option. My age does not allow naked risk anymore.
Thanks to all participants here, you all contribute in my journey to have a good retirement life.
50 Delta could be best if dropped buy new ITM call play small.
If data available run numbers. Till last week delta will not go above 95%, It is at 92% delta as of my writing.
Duma Hi,
With like minded people we improve a lot that was reason I wanted your attention.
I Share my struggle, I used to start 500$ account and take it to 10,000 and than lose most of it. While I was holding above 70 K Ford shares and using dividend as source of income. Where as I realize reading here that I could use my portfolio to increase by at least 50% with sticking to my program. I started on my small account and one small SEP account, result if I post will not be believed. Least one of those account is up more than 300% in one years, One is 2000% after withdrawal of original investment in 18 months.
What I do, trade for 1 % a day and compound it, once I had 10 % gain I take position in options, recently one option is sold for 700% profit, it was a leap. I was wasting a lot of money on weekly or short maturity options they are manipulated a lot.
I am sharing my experience so someone could benefit from it. It is simple 5/8 crossover system used on TNA with some rules. Long and short both.
I learned few things from your discipline and they helped me not to jump out a position too early, I learned it is ok to take small loss to make many fold profit. So Thank you again for sharing.
Good luck and happy trading.
I think it is fair warning. We need to keep board clean and reliable. There should be no hidden agenda. Thank you for keep it safe and clean.
I think Spam should not be tolerated and removed by admin.
QLD will open on sell (initial)not confirmed.
QQQ will open on sell (initial)not confirmed.
TNA, IWM RTY, all closed on buy signal.
Retest of buying point do some time occurs. Stops logically is below 91 on closing basis.
A lot of option need to be expire worthless in coming 4 weeks so until there is a short squeeze we could be remain in 15.50 to 17.50
range, It would be great time for traders. Once we clear 18.75 area than it is blue sky. With this earning growth PE could expand to 15 which could translate $30.00 minus 40 Cents for dividend in on year span. I am long leaps for $7 and 10 which will expire in Jan 2022 I will convert them to 2024 once price hit 15 area to take advantage of price above 20.
Just my 2 cents I was wrong many times as I was correct so please do your own due diligence.
Good luck and happy trading.
You are fine.
I put a chart in intro.
Here is a way to beat market, buying on indicators you trust and selling it immediately with 1% profit, doing it in margin account. If half the time you successful you could beat 99% best money manager. Trick is not to be greedy.
Thanks, There is no prefect system. I use EMA 5/8 cross over and EMA 22 as trend. Chart time duration depend on what kind of trader you are, if trade full time than 5 min chart for swing 1 hour or more.
It should be 21$ now with these earnings and forward guidance.
It will be a shame if it does not cross 20 in next month. They will not pay option holder much here. I sold a chunk @ 16.40 to buy cheaper in the week.
Close on confirm sell but this sudden drop is strange. May be options related, there was huge volume above 90 so all those will be bought back for pennies.
Thanks for letting me know, Its comforting that my effort is not wasted.
We are oversold here but recovery is not possible till financial sector improve.
Signal is still long.
Signal is still same. Closing below 93.31 would give initial exit flag.
Good luck and happy trading.
Great Job.
Here is a way I think bit more prudent, 10,000 divided in to 10 parts, one part is traded and follow your system once at least 10 % is achieved out of the trade, or put a stop loss and ride as it allows, increase your stops to capture max you could. Once sold you could take another position if dipped. so you never putting more than 10% of your portfolio. You should do in cash account so not to worry about PDT. Do it on paper trade for a month than start with 2000 than increase it to 5000 than to 10,000. You will be able to 10 round trip if needed. Focus only on 1 Index or highly liquidated option.
Most of us try to predict the market than to follow although everyone told us to follow the market not to lead, we usually buy very short dated instrument which bring anxiety in trade. In option trading if you have 10,000 initial investment and grow it only 10% a month in 2 years you will have about 98,000. Is it difficult to achieve? Ask that question honestly. In stocks it is very difficult I think so but not in options. Just a thought.
Systems are successful when they are followed. Take time to take position and sell at your goals, don't be greedy.
Thanks, I was willing to wait two months, but a gift could not be refused.
Sold all between 9.38/9.39 not going to wait for extra 1%. now if there is some news than I could not find better take profit regret later.
Thanks.
Sold my all position in pre market 9.38/9.39. No need to tie up for 2 months for extra 1 %.
Is it Qtrly dividend?
I did sold some common today. Leaps and calls still with me.
Only one thing I like to add if you are bullish on Individual Stock buy leaps it does apply on indexes when they have corrected enough.
Good luck and happy trading.
They are human being trading just like us. You are a way better trader than them. Best thing becoming expert in five indexes and 10 to 20 ETFs, forget about rest of the market. You will beat 99% of the market Money mangers. I learned it very late.
Roy used to trade it a lot. I came to it in last few years.
yeh I see 3 to 4 dollar move, 230 is real possibility.
My TNA and RTY doing fine I am short a put spread from low 90 Short/80 long for credit. Although will lighten up a bit here.
Good choice, You are already green probably.Closing above 225.83 will clear the pathway for upside.
Which strike? I am long future contract.
I really doubt they will let it happen, until they are taking it to 18 at earnings. But things do happen.
What they are trying to pose deal in jeopardy by false lawsuits and attacking with low prices, most of the time doing short against box. What do you seriously think Sanofi bankers will let go there commission? They already bought enough shares to say yes. Weak hands will sell here or those who have stop losses. This decline tells me deal is near to close just after there Qtrly results.
You could buy it 2% cheaper today.
Here is a conservative play I am doing in my SEP account and trading accounts.
I bought KDMN, right now it is 8.68/8.69 Low of the day. Company is already bought @ 9.50 cash, closing is in NOV/ December so you have chance to make 10% for about 2 months wait. I am uber long, right now 52500 share disclaimer. Most bought today because they wanted to pay least to options holders. They could be squeezed here.
Here is a conservative play I am doing due to market condition.
I bought KDMN, right now it is 8.68/8.69 Low of the day. Company is already bought @ 9.50 cash, closing is in NOV/ December so you have chance to make 10% for about 2 months wait. I am uber long, right now 52500 share disclaimer.
bobjack, Thank you I am glad some are reading it. Best way to test the system is to publish it. Collaboration could improve systems.
Farooq