My winning trades ...
07/03/2007 O STC .GOPGV - GOOG JUL 520 Call 1 $19.70 $14.95 $1,955.01
07/03/2007 O STC .GOPGV - GOOG JUL 520 Call 1 $18.60 $14.95 $1,845.02
07/02/2007 O BTO .GOPGV - GOOG JUL 520 Call 1 $19.50 $14.95 ($1,964.95)
06/29/2007 O BTO .GOPGV - GOOG JUL 520 Call 1 $18.00 $14.95 ($1,814.95)
20.13
Total Realized Gain for GOOG $20.13
GS
07/03/2007 O
STC .GPYGB - GS JUL 210 Call 2 $13.40 $14.95 $2,665.00
07/02/2007 O BTO
.GPYGB - GS JUL 210 Call 2 $11.60 $14.95 ($2,334.95) 330.05
Total Realized
Gain for GS $330.05
Total Realized Gain $350.18
Yeah!! im happy with the trade so far and my testing on Goog. . One thing i still fail to exercise is letting my profit run. For example i should just take 1 contract from GS to make a profit and let the other contract run.
I realize that i have the patience to wait for a losing trade but i dun have the freaking patient to wait for winning Trade. One very good example is goog. i knew that goog will go up to 532 but i miss the profit taking due to busy or miss the target ... i still have alot of refining to do . especially the emotion and plan...
Trading really need to HAVE the CORRECT patience ...
i use the word COrrECT cos you need to have PATIENCE to see your profits run ... but you do not need to have PATIENCE to see your trade losing and hoping that it will come back.
Pre holiday market RALLy ... GS and GOOG run wild during the the last 30 mins ...
Hot Tips ...
The day before the US holiday will most likely to be a bullish day.
Why ?
Part of the reason is due to the self fulfilling prophecy and the holiday mood.
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1 comment:
Lawerence,
The GOOG trade and the GS trade are very interesting.
There are some very good option spread techniques that you may want to explore.
The vertical debit spread and the vertical back spread. Now the reason that I am suggesting this is that you seem conservative in your trading style and you seem to have a good grasp of the market.
The vertical debit spread is nothing more than a trade bullish trade for calls and a bearish trade for puts. These spreads are a combination of a short option and a long option where the long option premium is less than that of the short option. These positions become more valuable as time goes transpires. Where as a long option position has time as its' foe.
The vertical back spread is nothing more than one written option and one or more bought options. The sold options will negate some of the undesirable effects of time and direction. These are fabulous plays for short to interem moves on a stock.
CBOE has a free practice account where a person can "paper trade" spreads. It also has tutorials. With the way you are trading these types of plays would work well. It is good to aspire to these types of trades.
I admire you because you are starting out correctly.....Practice trading and observing. I was not so lucky when I started years ago....I jumped in and lost money.
I wish you success in your trading and everything else for that matter.
Best regards,
Ben
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