OPTIONS TRADERS CO-OP

[royg1927]

Hi Pigsinspace, Thanks

Really hard day. Got a load of CELG calls early, expecting a possible retrace pretty soon which might also be might be calling for a puts entry to fade the early strength. With options moving rapidly I concentrate on my indicators, almost entirely 5-minute. On CELG stock they refused/declined which was persuasive to hold for maybe more north. One of the situations misread too often is clear evidence of needing to dismount at a profit. However, a potential big error is dismounting too soon, getting too much big-eye passing, say, a double. Long runs are rare, so being alert for MORE is sometimes worth the continued and more intensive effort to get an accurate reading of the sum of indicators. Went on and on as you saw and resulted in last hour 4X gains. Rare.

Just curious if you would like to say why you like TWTR and FCX higher.

Might you say something about your trading experience, preferences, "style, system". I like for new folks to happen by. Learn from them. Beer and smart and I have been around here for some years and pretty well understand each others' notions. Not to say we work a lot alike. Actually, on the contrary, but useful nevertheless. Beer is the one with the highest success rate and I watch, even though it looks to me like he is mistaken more than turns out to be the case.