Replies to post #1318 on Entries & Exits Trading Forum

[ABIGIDIOT]

okay..... spill the beans !!! u dump 12 g's in this thing? either you know somethin, or you have one hell of an anniversary coming up that your husband is going to be paying dearly for !!!

[boca_bobby]

NEW BIDU CHART:

The only thing I did was add the overall upward trendline (in blue). I thought we may see a bounce. If the trend continues, we have a lot of upside here....

[boca_bobby]

Ok you risked $12,360.00.

On paper, let's watch the Feb $21/CALLS @ $1.65 (ASK PRICE).

We will buy 6 contracts to represent 600 shares. This will be a good way to measure. So:

100 shares per contract X $1.65 = $165.00 for each contract

6 contracts X $165.00 = $990.00 of risked capital

That's a savings of about 92%.......