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not a good start for me. nice trades on nflx bud.
Out QQQ 57 W P at 0.07 from 0.12 avg.. not a good start.messed up the entry in the afternoon and messed up the exit in the morning.need to clear my brain.just taking losses as tomorrow is options expiry.last thing i need is options expiry in the first week.
spy options are very volatile.losing or gaining premium very easily.but if u can pick in the right direction consistently u can make very good money as it has lot of liquidity. i was right only 50% of the time on spy.my 2 cents.
added qqq 57 w p at 0.07.
back to back mistakes.stupid me held for 2 days and i could have got out break even.bought the puts little early.damn it...
In QQQ 57 W P at 0.15..trying closer strike now.
looks like all the premiums are being taken to the cleaners.trading in tight range.
Out QQQ 58 W C at 0.02 from 0.06.bad strike price chosen.forgot we had short week.will start over now.
it went to 2.50 after u bought.i thought u will take some gains at that time. it was a very good alert.
AAPL might go higher and higher until earnings.word is they are making lot of sales on iPhone 4s and iPad.
aapl launching iphone4s in china in january.probably thats why.
In QQQ 58 W C at 0.06. holding overnite.had an order from the afternoon at 0.04.did not fill so i hit the ask now.
out QQQ 56 W P at 0.16.
In QQQ 56 W P at 0.11
As usual awesome calls bud. should have grabbed some last week when u posted.
Happy new year to all open handed traders.....
i wonder where do these bone heads get ideas from.like NFLX idiot ceo. why fix when its not broken and that too in the worst market when so many people are living pay check to pay check.
Even when the GS bots did not provide liquidity bob's bots provided the much needed liquidity for the market.lol.
you and your posts are amazing.thanks for posting those.please keep it up. happy new year....
Jane, what newly said is so right and i do not know if spreads come in to that as well. based on my limited 8 months options trading experience i tried that buying calls and puts during earnings plays for different strikes or for the same strike but i could not make any money. it added more stress.i did not try what newly suggested buying straddle or strangle as one trade.
so, after all the basic strategies i tried only intra day plays on less volatile options like QQQ,MCD,IBM worked out most.also less stress and no need to monitor every minute.
i decided to trade only QQQ from now until i recover some money.it moves very slow and i am able to get in few cents at lod. i have been trading QQQ for 2 weeks and results have been very good.that is the best options for newbies. i am totally avoiding SPY until i get a good grip on it.i made money on SPY but i lost as well.it is very volatile and not good for newbies.
me and few other new option traders regularly post on this board real time. you can see the performance of my QQQ trades.
http://investorshub.advfn.com/boards/board.aspx?board_id=18306
on other hand if i had held those QQQ positions little longer i could have made at least 3k profits in 2 weeks but i ended up making few hundred profits. no regrets as all traders leave dollars on the table.that is a work in progress for me.
Last Trading day of 2011 not 2012.lol.
Nice to see you back in full swing.love your posts and adding nice little comments at the end. can't wait for next week when volume returns.
Are you looking to play AAPL for earnings. we definitely know its going to be a killer earnings. do not know how big jump it will be.
my 2 cents. as a beginner i do not trade the options which are more volatile and move very fast like SPY.learned the hard way trading spy.option premium evaporates very quickly when on the wrong side. watch for UPB stocks usually IBM, MCD etc. i stopped trading on friday's.if at all i trade i buy the next week expiration calls or puts but i try to avoid on friday's.
yep.this setting shows BB bands whether they are going upward or downward compared to immediate previous interval or day. for example if u use 1 min then set for 2 hours or more and gives the same.although i use only 5 min 2 day.
my chart is default candlestix and i do not remember the hammer,doji etc shapes. all i care is green candle or red candle.makes life simpler.although i do not know if reading those shapes help a lot.
from beerworld tip couple of months back 5 min 2 day really helped me a lot. thanks to beerworld on that.
also one thing is for sure in options.after observing lot of people on other board there is no way we can take gains at the highest.having clear exit strategy with not much greed is good for heart.
couple of your PCLN plays were good.fast moving ones have become so pain with low volume these days.i am all cash.recovered my couple of hundred losses i had last week.even i might start trading next year. with this low volume u never know where the stock is moving.
even though most of the trading volume is computer bots i wonder even bots are taking vacation.or people who control bots are on vacation. lol.
Thanks bud.I will be trading only QQQ from now.its going to be boring but i need to recover some losses.it moves so slowly which is making me to get in below 0.10 cents close to lod and i can hold over nite with out much fear.
looks like that strike is 56 on qqq at 0.07.
Out QQQ 56 Dec 23 C at 0.10..sorry..could not post immediately.
cool.did u come up with any new good indicators.
QQQ W 54 puts i sold hod is 0.26.lod is 0.07.previous close is 0.07.+242%. wow....leaving lot of dollars on the table...i need to get better in holding when the indicators say so.
i might never get this.how r the analysts numbers better than the company guidance itself.ORCL still beat its guidance numbers but not the analysts estimates.probably analysts are better than the people running companies.lol.
In QQQ 56 Dec 23 C at 0.06.. trying other way now.
Out QQQ 54 Dec 23 P at 0.12..might go down more but will take 50$.
That is because analysts pulled some numbers from their behind which ORCL did not meet.lol.
Analysts had been modeling $9.2 billion and 57 cents.
In QQQ 54 Dec 23 P at 0.07..trying other way.
thanks bud.i had 20 calls in one account at 0.10 and 10 calls n another at 0.25. i could have made 1000$ over all.start of my day messed up.
over all i am happy that i got some gains in this market and that too holding over nite and another for 2 days.
Out QQQ 56 Dec 23 C at 0.18.some at 0.26.over all profit 220$. woke up late.put a limit order for 10 calls at 0.18 at 9.15am.that was open and lod so far. came to work and spilled my coffee on the key board.logged in just now and could not pass up the gains.ooohh what a day.
added QQQ 56 Dec 23 C at 0.06.final time.