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Symbol: CBI
Action: Sold
Order Price: $77.25
Time: 11:45:00 AM
Date: 5/15/2014
I didn't have the time to post the trade confirmation, though as you can see I was stopped out.
Symbol: CBI
Action: Sold
Order Price: $77.25
Time: 11:45:00 AM
Date: 5/15/2014
I didn't have the time to post the trade confirmation, though as you can see I was stopped out.
PyschoNoobStock, I don't trade OTC, but I hope you made out like a bandit!
free_bee, I'm still holding PRXL JUN 14 45 C 100 @ 3.10. I would have sold had I felt that this was not reachable. The technicals still look strong and are in fact improving.
I didn't know what to expect with this first paper option trade. Folks tell you it's cold in Alaska and to dress warm, but you probably wouldn't realize how cold it is until you find out for yourself. The same goes for option trading and volatility. I have been warned about the volatility of risk/reward, but I didn't expect it to be this volatile. Tuesday May 12, 2014 I was at P/L +$10. The next day I was at -$100 P/L. Today I'm at -$60 P/L. So it's safe to assume that I now realize how quickly things can change.
I have learned quite a bit with this first paper trade and have been taking notes. I see that there are some items that I can improve on. I don't expect a home run or beginner's luck with the first paper trade, but I do expect and have received much needed prospective from the trades point of view with option trading.
liggity, thank you for sharing! I haven't looked at Empire State Realty Trust, Inc. (ESRT) in some time. It seems the reason for the breakout was with the ascending triangle being broken. It seems momentum is slowing down. There's no current pattern and the PPS is high above support. There was a bearish candlestick pattern signaled on May 15, 2014, but it has not yet been confirmed. It will be interesting to see where (ESRT)'s PPS goes from here. I believe there will be short-term downside.
chrisaetos777, I was right. If you recall I made the following statement on May 5, 2014.
First paper trade!
PRXL JUN 14 45 C 100 @ 3.10
The premium was $2.80 when I went to bed last night. I wanted to pull the trigger, but I have been told to only trade during market hours. I'm excited to see how my first paper trade does!
free_bee, look at that nasty chart! Wix.com Ltd. (WIX) kind of reminds me of Zulily, Inc. (ZU). Extremely overvalued fundamentals. I believe this could touch $16 PPS range. Besides being overvalued, I'm sure the lockup expiration isn't helping the situation either. I think there are better long-term growth investments in this industry like Twitter, Inc. (TWTR). If I like anything about (WIX), it would be its balance sheet.
Wix: A Big Success Story From Israel
Link: http://seekingalpha.com/article/2086743-wix-a-big-success-story-from-israel
Global Energy Focus: GasLog, Schlumberger, Weatherford
Link: http://news.investors.com/041714-697601-a-look-at-world-energy-stocks.htm?ven=yahoocp&src=aurlled&ven=yahoo
squashjohn, did you chase the bull here with Zulily, Inc. (ZU) back in February? I hope that's not the reason for the sad face! I knew that (ZU) couldn't sustain a PPS that high, even at $45 PPS let alone $70 PPS. If I knew how to short a stock, I would have been short from the get-go! I would have to look at fundamentals with new earnings factored, but even at this PPS (ZU) still might be overvalued.
Chicago Bridge & Iron: A Solid Company With An 'Out Of Whack' Dividend
Link: http://seekingalpha.com/article/2199283-chicago-bridge-and-iron-a-solid-company-with-an-out-of-whack-dividend
chrisaetos777, you're welcome. Dividends could be a reason why they're holding. Though I was talking specifically about the possible short-term direction of PPS.
Wall Street Breakfast: Must-Know News
Link: http://seekingalpha.com/article/2192723-wall-street-breakfast-must-know-news
Chicago Bridge & Iron: 8 Different Insiders Have Sold Shares During The Last 30 Days
Link: http://seekingalpha.com/article/2141743-chicago-bridge-and-iron-8-different-insiders-have-sold-shares-during-the-last-30-days
jimmybob, with you especially! Thank you for taking the time to respond. Others have continuously reiterated the risks associated with option trading and I understand as it should be something to frequently remind both beginners or experts.
Equities With Best Wealth-Building Odds, Big Rates Of Gain Now In Next 6 Months
Link: http://seekingalpha.com/article/2153153-equities-with-best-wealth-building-odds-big-rates-of-gain-now-in-next-6-months
chrisaetos777, interesting. I have not made a mistake such as that, though I have heard of others doing so. I'm unsure of what I would do if I was in that particular scenario. I would most likely keep stops tight and look deeper into the fundamentals, but specifically the charts.
therealliontamer, thank you for your response. I greatly appreciate it.
PowerHourTherapy427, thank you. I will look into it.
Porgie Tirebiter, I'm a very skeptical on the book. I have Googled the book's title and author's name the past hour. I've seen many negative comments about the book and the author. I have heard folks claiming that her strategy does not work and that they have lost money. Specifically, some added that they had lost money on down trending markets or flat markets especially.
I don't know if I will continue reading because of this. I might have started on the wrong track already. Some magic formula or strategy is not what I'm seeking. One person added that they read the book and used it while paper trading, than made a lot of tweaks and learned what not to do. This could be a good idea, which could give me a different perspective and taking the book as only a "grain of salt."
The book focuses on buying calls. I know for sure I want to learn calls first. The book did not explain the difference between buying and selling calls, because of this I'm unsure of weather I want to focus on buying or selling calls.
I would like still like to continue learning about options at this point. The fact that it's so difficult that people would go out and pay hundreds of dollars seeking a perfect strategy, just entices me even more to become more knowledgeable about such a subject.
Title: P3 System: Option Trading Basics and Putting Profit Probability Potential On Your Side
Author: Wendy Kirkland
There is no ISBN or identifications for this book. It's exclusively sold through the website. The book is paperback, spiral bound with roughly 75 pages.
Thank you for responding, Gulley
PowerHourTherapy427, I understand. If I do decide to trade options; I will definitely paper trade. Do you need to be a customer of TD Ameritrade to use the think or swim service?
Thank you for responding, Gulley
Hello all! I have a co-worker who loaned me a book on option trading strategies. Currently I'm a long-term investor. Being busy with college studies I have not had the time to branch out to other strategies like swing trading or day trading. I felt obligated to read this book after a month of it being loaned to me, I pushed the school books off the table. Three hours later I realized I was a third of the way through the book, I was more intrigued about option trading with each page I turned.
Though I know of someone who recommended that I put option trading on the back burner for a while and learn how to trade stocks first. So I'm here asking option traders, would you agree with this?
I would say that I do have a bases on technical trading, but I wouldn't call it a solid bases. I can usually spot a chart pattern or two, here and there. I understand resistance and support along with a few technical indicators. I can see recognize most of the common candlesticks. Though I wouldn't feel conformable trading stocks at this moment in time. The back of the book covers technical subjects.
I was originally upset when I was told to put option trading on the back burner, but I do somewhat understand. I think I'm more upset that the book that has been loaned to me is extremely easy to understand. I Googled "Option Trading" a few months ago and quickly became confused. The author of this book breaks it down very well. This far have learned about deltas, being weary of large bid/ask spreads, being weary of low interest options and many other items. The next chapter is about limiting risk. If I have to put it on the back burner, I will most likely finish reading it and take notes because I will have to give this book back eventually.
So would you also agree that I should learn to trade stocks before option trading?
Not looking for advice, just opinions please.
Thank you for taking your time to read, Gulley
slojab, I must add. Taxes is exactly the reason why Chicago Bridge & Iron Company N.V. (CBI) moved to the Netherlands and I don't blame them at all.
slojab, correct. There are a few other foreign companies that come to mind which are U.S. listed but like Nokia Corporation (NOK) out of Finland, Research In Motion Limited (BBRY) out of Canada and AstraZeneca PLC (ZEN) from U.K. which are popular names. If anything, this is good! U.S. has the highest corporate tax rate with 40%! The Netherlands has a 25% tax rate.
This means that Chicago Bridge & Iron Company N.V. (CBI) has an advantage over the 6 other competitors in the General Contractors industry. 15% is a huge difference here when we are talking about billion dollar companies.
slojab, Chicago Bridge & Iron Company N.V. (CBI) is headquartered in the Netherlands. Hence the "N.V." behind its public name which stands for Naamloze vennootschap; meaning limited liability company or L.L.C.
slojab, don't worry, I won't! Though it just dawned on me that this is the first company I have invested in which is from another country.
Dreamboat, thank you for sharing! I imagine Dubai would be a great place for Buffalo Wild Wings Inc. (BWLD). Having an inside view of a public company i.e. being an employe with perspective can be a helpful to yourself and others. I'm employed with a public company and from my perspective has caused me not to invest in employer through brokerage or employee discount stock option.
pete807, good to hear! Thank you for sharing!
lowtrade, I respect, understand and agree with everything you have said. I am in no rush to start trading options, especially while getting a college education. Hell, it took me a month just to open the book! Options are extremely speculative and I am well aware.
Is There Enough Gas In The Tank To Take CB&I Back Up?
Link: http://seekingalpha.com/article/2164233-is-there-enough-gas-in-the-tank-to-take-cb-and-i-back-up
slojab, you are correct! Sometimes deciding weather I should buy beer with profits or compounding investments can be a hard decision! I might get a wild hair and make the iBox look a bit more attractive if you don't mind? Is there anything in particular you'd like to keep in the iBox? I plan to scrap everything except the chart. I wanted to ask you out of respect. It would look something like Bank of America Corp. (BAC)'s iBox which I redid.
slojab, I need to beer money now, not when I'm age 65! I hate to have this mentality, but I figure if I can beat the S&P 500 then I'm fine investing with retirement savings at this current time in life. The company which I'm employed with matches, making it very attractive and I'm excited to open the 401K. Chicago Bridge & Iron Company N.V. (CBI) is currently the best of the breed. It's the best preforming stock in the best preforming sector. It has been on the watch list since for a couple of weeks now. I have been patiently waiting to invest here with (CBI) due to the overall markets which I feel are in a positive movement. Glad to see many different investing/trading styles with different time frames.
Trueheart, wonderful. Thank you for sharing! There was a bullish candlestick that signaled on April 29, 2014 and confirmed yesterday, on April 30, 2014. Chicago Bride & Iron Company N.V. (CBI) should see short term positive PPS movement.
slojab, Chicago Bridge & Iron Company N.V. (CBI) was bought through a brokerage account. I don't have an IRA. The best excuse I could come up with; I'm only 22. I plan to open a 401K through a matching employer this coming July. I plan to only invest in index funds through retirement vehicles. I'm not extremely knowledgeable about retirement vehicles, but I believe that when one sells a security that they must wait a certain period of time until the order is excited.
The problem with this, is that the investment style that I use is not tailored to hold in an IRA with restrictions. If you go to the "My Stocks" tab, you can see the Price Target and Stop that I placed when I bought (CBI). The time horizon I see holding (CBI) is 6 months +/- contingent on many factors. On avg. I tend to hold for 4 months using this investment style.
Trueheart, good! I see you have bought at many different PPS levels. Do you mind if I ask you what your avg. PPS is?
Symbol: CBI
Action: Bought
Order Price: $81.00
Time Completed: 11:37:40 AM
Trade Date: 5/1/2014
Symbol: CBI
Action: Bought
Order Price: $81.00
Time Completed: 11:37:40 AM
Trade Date: 5/1/2014
makemoney18, I'm contemplating about getting back in the market today. I have many reasons, first being that Dow Jones Industrial Avg. (DJIA) hit an historical high. Others being that the (DJIA) and the S&P 500 are signaling and confirming bullish candlesticks. To strengthen the argument, the Vanguard Total Stock Market ETF (VTI) is signaling and confirming bullish candlesticks if I see the chart correctly.
However, I never use candlesticks on indexes. Sure, with stocks if it signals and confirms a bullish candlestick that's fine and dandy; but with indexes you have to really step back and look at the bigger picture. The NASDAQ seems to still be bearish with candlesticks. The rally yesterday was because of the Fed taper, emotional. Gains should be erased the next day, today.
I'm on the fence and I am simply sharing because this is the first time that I have seriously considered getting back into the market since I have been out on April 11, 2014. If I do I will wait until after 10:30 AM for a few reasons. Well, I don't buy or sell in the first half hour, once again; I wait for market emotion. There is some important reports to come out today at 10 AM. I sound like a broken record, but once again I will wait for the market emotion.
I'm on the fence, better yet. There might as well be razor wire and an electrical current, as there is more important reports to come out tomorrow. I see a lot of volatility, for better or worse.
Stocks on watch list.
GenCorp Inc. (GY)
Chicago Bridge & Iron Company N.V. (CBI)
lowtrade, despite being busy with college studies I have began learning about options. I barely have any time, but a friend loaned me a book so I felt obligated to find the time to read it. I'm a third of the way through the book and this far it has been extremely easy to understand due to the author. Though I do have a question about options and I'm sure I will have many more. I was curious if you might be able to answer them or if you knew of another member who might be able to help me. I ask you simply because I know you have been in the Investors Hub community for quite some time and you might recognize creditable people on here.
Beside that, I see that there are a few active options boards. I'm not sure if there is one you recommend more than the other. $$STOCK**$**OPTION**$**UNIVERSE$$©~SM-BILLIONAIRES$$$ and Option-Millionaires seem like decent boards for a novice such as myself. If not, I will probably introduce myself to a couple of these boards and stick with whatever feels more comfortable as I will most likely become a regular. It's just a bit intimidating with people posting their calls, puts and other lingo that I'm beginning to understand.
Thank you, Gulley