I amaze by how fast the free newsletter on trading is gone. I guess there are alot people sign up for their newsletter so they stop hiring google for advertising their newsletter. None the less, i upload a free internet marketing free newsletter for you guys to sign up.
Seriously you guys miss out the great opportunity to get the free newsletter on trading. I will still source for some serious stuff for you guys.
Friday, September 21, 2007
FUTURE UP UP UP
The future indicate that the market will open slightly bullish. With no news and earning today, I guess that the market will bullish first then maybe some profit will be taking place at the later part of the trading hour.
GS seem to be doing well as most of it business profit is outside US. GS has a large number of business in China so most of it profit come from the Asia country. Google likely to hit the 600 Mark soon. A long call seem to be a wise choice for Google. A long Call seem to be a wise choice too. =)
This is just my personal opinion so please do your due deligent.
GS seem to be doing well as most of it business profit is outside US. GS has a large number of business in China so most of it profit come from the Asia country. Google likely to hit the 600 Mark soon. A long call seem to be a wise choice for Google. A long Call seem to be a wise choice too. =)
This is just my personal opinion so please do your due deligent.
Thursday, September 20, 2007
Free Newsletter on Trading
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Wednesday, September 19, 2007
Bad exit Trade Yet i still make Money
GOOG SEP 520 3 Call BOT 10.2 SLD 12,14,16
Net profit: 1187
GS OCT 190 1 Call BOT 7 SLD 13
Net profit: 600
Total Net profit: 1787
Argh!! im not very happy... i sold my GS call too freaking early ... if i can slow down by 1 minute, that will make me another 150 buck ... wao kao .... idiotic... it really shoot up till 200. Yesh!! and my call should have profit more. Actually i have another GS contract which is a Put. My strangle earn about 70 buck if i cut my put contract. I just leave it run cos at the most i will lose 60 buck only ... so if this is just the fed rally ... woohoo.. and GS drop back till 190 or 185 ... i will make both way.
Oh when i look at my GS call i just feel like vomiting ... argh!!! it run up to 200... geeZzz... i can make at least another 150 buck which mean even if my put become 0 i still will make from my strangle. Aww man ...
Okay... Well at least im not losing... =)
__________________
Net profit: 1187
GS OCT 190 1 Call BOT 7 SLD 13
Net profit: 600
Total Net profit: 1787
Argh!! im not very happy... i sold my GS call too freaking early ... if i can slow down by 1 minute, that will make me another 150 buck ... wao kao .... idiotic... it really shoot up till 200. Yesh!! and my call should have profit more. Actually i have another GS contract which is a Put. My strangle earn about 70 buck if i cut my put contract. I just leave it run cos at the most i will lose 60 buck only ... so if this is just the fed rally ... woohoo.. and GS drop back till 190 or 185 ... i will make both way.
Oh when i look at my GS call i just feel like vomiting ... argh!!! it run up to 200... geeZzz... i can make at least another 150 buck which mean even if my put become 0 i still will make from my strangle. Aww man ...
Okay... Well at least im not losing... =)
__________________
Thursday, September 13, 2007
Scalp Google All the Way
GOOG SEP 520 3 Call +184
GOOG SEP 530 2 Put +106
GS SEP 190 1 Put -27.86
Total Net Profit: 262.14
Today is a very busy evening for me. This is the first time that i traded the whole trading hour in AKLTG(my part time working place). I work and scalp at the same time. I scalp 6 time and all are profitable. Actually i make 40 buck on GS and why does it show as a negative ? This is because i have another same put that i brought at a higher price yesterday. Well i'm very happy with my scalping performance today. Perfect Score. I traded Google up and down. I go for the 1 candle movement. I scalp on the 5th candle reversal. Very powerful and super accurate as i combine it with my minimun risk entry. I seem to trade better in a Flat day. Support and Resistance is the best indicator in a FLAT DAY. Tomorrow will be another tired day for me but im looking forward to it. Wealth Academy will start tomorrow. See ya Guys. Happy Trading. :D
GOOG SEP 530 2 Put +106
GS SEP 190 1 Put -27.86
Total Net Profit: 262.14
Today is a very busy evening for me. This is the first time that i traded the whole trading hour in AKLTG(my part time working place). I work and scalp at the same time. I scalp 6 time and all are profitable. Actually i make 40 buck on GS and why does it show as a negative ? This is because i have another same put that i brought at a higher price yesterday. Well i'm very happy with my scalping performance today. Perfect Score. I traded Google up and down. I go for the 1 candle movement. I scalp on the 5th candle reversal. Very powerful and super accurate as i combine it with my minimun risk entry. I seem to trade better in a Flat day. Support and Resistance is the best indicator in a FLAT DAY. Tomorrow will be another tired day for me but im looking forward to it. Wealth Academy will start tomorrow. See ya Guys. Happy Trading. :D
Wednesday, September 12, 2007
Business Equal to Trading
GS SEP 190 4 PUT -594.86
GOOG SEP 530 PUT -42
GS SEP 195 PUT +18
Total Net lost: -618.86
Well today is my second consecutive losing day. Hmm... am i really sucks? I really dont't think so. Losing trades just show you part of the story. I did cut my losing trade so not to lose so much. The GS 4 Put is belong to a yesterday trade. Yup im sucks that yesterday. Im ought to be killed. Through this losing trade, i realise something that is very consistent in technical reading.
The Minimun Risk Entry is such a powerful entry time. Today i just follow the minimum risk entry and i never get killed. The google PUT is a mistake that why i cut off so early.
I brought the GS 195 sep put too early and took profit too late. Why did i took the profit too late? I never draw my fibonacci properly, as in i draw it too wide, that means my profit target become wider.
Trading is just like a business, Sometime you make money, sometime you lose money. So take it as a lesson and learn something new from it.
GOOG SEP 530 PUT -42
GS SEP 195 PUT +18
Total Net lost: -618.86
Well today is my second consecutive losing day. Hmm... am i really sucks? I really dont't think so. Losing trades just show you part of the story. I did cut my losing trade so not to lose so much. The GS 4 Put is belong to a yesterday trade. Yup im sucks that yesterday. Im ought to be killed. Through this losing trade, i realise something that is very consistent in technical reading.
The Minimun Risk Entry is such a powerful entry time. Today i just follow the minimum risk entry and i never get killed. The google PUT is a mistake that why i cut off so early.
I brought the GS 195 sep put too early and took profit too late. Why did i took the profit too late? I never draw my fibonacci properly, as in i draw it too wide, that means my profit target become wider.
Trading is just like a business, Sometime you make money, sometime you lose money. So take it as a lesson and learn something new from it.
Tuesday, September 11, 2007
GS Make A Spectacular Comeback
---------------------------
1st half of the trading day
---------------------------
GOOG OCT 520 1 PUT +518
GOOG OCT 530 1 CALL -492
Net profit: 26
GOOG OCT 520 1 CALL +38 (scalp)
GS SEP 185 3 PUT +54 (friday trade + today scalp(make 200))
GS SEP 210 10 CALL -185 (one of the strangle leg)
Total net lost: -67
-------------------
2nd half of the day
-------------------
GS SEP 190 3 PUT -517.43
GS SEP 180 1 Call -162 (sell call)
Net lost: -679.43
Total net lost of the day: -746.43
Well i lost abit but in actual fact i did make some in the first half of the day. The GS 10 call is suppose to be one of the strangle leg that i brought last week. This is another mistake i make on strangle. The time decay is eating up the profit of one leg which is put. Both leg are losing money. But i already cut this call leg and let my put leg run abit as i know today GS will fall.
GS sep 185 3 Put - I was losing 2 Put for about 200++ when GS gap up today. Then when GS reach 183 i buy in another put to average it as i see that GS will free fall. So i have turn my losing trade to profitable trades. =)
The google call scalp is a nice one as it is a 8 candle reversal scalp =)
I just cant figure out how come GS can ride up to so freaking high in a bearish day for most of the day. Im waiting for the reverser till i vomit blood. It come at abit too late. It only started to vomit in the last 30 minutes of the trading day. If base on MRE, this trade really make me look stupid. What a bad day !!! I still contispate on some loses. ARgh!!! It will be another rollarcoaster week. I shall see how the market perform tomorrow.
1st half of the trading day
---------------------------
GOOG OCT 520 1 PUT +518
GOOG OCT 530 1 CALL -492
Net profit: 26
GOOG OCT 520 1 CALL +38 (scalp)
GS SEP 185 3 PUT +54 (friday trade + today scalp(make 200))
GS SEP 210 10 CALL -185 (one of the strangle leg)
Total net lost: -67
-------------------
2nd half of the day
-------------------
GS SEP 190 3 PUT -517.43
GS SEP 180 1 Call -162 (sell call)
Net lost: -679.43
Total net lost of the day: -746.43
Well i lost abit but in actual fact i did make some in the first half of the day. The GS 10 call is suppose to be one of the strangle leg that i brought last week. This is another mistake i make on strangle. The time decay is eating up the profit of one leg which is put. Both leg are losing money. But i already cut this call leg and let my put leg run abit as i know today GS will fall.
GS sep 185 3 Put - I was losing 2 Put for about 200++ when GS gap up today. Then when GS reach 183 i buy in another put to average it as i see that GS will free fall. So i have turn my losing trade to profitable trades. =)
The google call scalp is a nice one as it is a 8 candle reversal scalp =)
I just cant figure out how come GS can ride up to so freaking high in a bearish day for most of the day. Im waiting for the reverser till i vomit blood. It come at abit too late. It only started to vomit in the last 30 minutes of the trading day. If base on MRE, this trade really make me look stupid. What a bad day !!! I still contispate on some loses. ARgh!!! It will be another rollarcoaster week. I shall see how the market perform tomorrow.
Saturday, September 8, 2007
Jumpstart to Trading
Hey i have just added a few articles. These articles will benefit to people who are new to trading. By knowing how to read Japanese Candlestick, it will be easier to understand the charting too. Often i got alot of question on when is the best time to trade. Seriously i don't think there are any best time window to trade. Different kind of trader will trade in different market window. So it really depend on the individual. I will continue to write some articles and compound it. The purpose of doing this is to educate those people who do not have any trading knowlegde. Through the compilation articles on trading, I hope that you guys can pick up the basic from my blog then procced on to further trading education.
Newbies Guide
- How to create an online account / virtual account
- How to draw support and resistance lines
- How to read Japanese Candlestick
- Market Window
Newbies Guide
- How to create an online account / virtual account
- How to draw support and resistance lines
- How to read Japanese Candlestick
- Market Window
Financial Sector Fight Against the Market
GOOG OCT 510 2 Put +537
GOOG OCT 540 2 Call -483
Net Profit: +54
GOOG SEP 530 1 Call -422
GOOG SEP 520 1 PUT +198
Net Lost: -224
GS SEP 185 2 Put +56.5
Total Net lost: -113.5
The Market is very bearish today but if you just look and base on today performance, Financial sector are doing well. GS has been going up and up. I made some money through scalping GS.
The Google strangle that i lose money is not really a PURE strangle. Actually it was suppose to be a scalp that i traded on wed. I brought a call and i expected it to go up. Yes the option did go up by 30cent, but i was abit greedy and i didnt take profit. Then immediately it went down. Actually im not losing alot when it go down, most probably 100++, then i was considering to buy a put for protection. That why i went to buy a put. Yeah, Stupid me as the slippage is 80cent and is not a PURE STRANGLE. When google Tank to 518 today, i still lose money as the slippage is wide and the time decay is freaking scary.
This is a lousy trade and i should have close it early. I really have to get my psychology right.
GOOG OCT 540 2 Call -483
Net Profit: +54
GOOG SEP 530 1 Call -422
GOOG SEP 520 1 PUT +198
Net Lost: -224
GS SEP 185 2 Put +56.5
Total Net lost: -113.5
The Market is very bearish today but if you just look and base on today performance, Financial sector are doing well. GS has been going up and up. I made some money through scalping GS.
The Google strangle that i lose money is not really a PURE strangle. Actually it was suppose to be a scalp that i traded on wed. I brought a call and i expected it to go up. Yes the option did go up by 30cent, but i was abit greedy and i didnt take profit. Then immediately it went down. Actually im not losing alot when it go down, most probably 100++, then i was considering to buy a put for protection. That why i went to buy a put. Yeah, Stupid me as the slippage is 80cent and is not a PURE STRANGLE. When google Tank to 518 today, i still lose money as the slippage is wide and the time decay is freaking scary.
This is a lousy trade and i should have close it early. I really have to get my psychology right.
Friday, September 7, 2007
No Sweat Strangle GS
GS OCT 185 2 Put +116.5
GS OCT 175 2 Call +36
Net profit: +152.5
This is a nice strangle that i brought a few days ago. I brought it on tuesday. At first the slippage was about 50 cent. So today when i go back home and open up my IB woot. I make money from both my call and put. Wonderful !!:D I just love it as this is the best part for this strategy. Yeah it seem to work on GS too. Nowaday i use this strategy is because i have limited day trade and so i have to roll over my trade for the next day. Slowly i have to create a system to suit my small account. GS is the next stock that i pick on to test it out. I just love the stress free method by using the power of option. Wow!!
Today i learn something new from Bill (OU Instuctor). It is somthing like buying a stock but using option. The main benefit of it is i can keep on profit taking as the stock move up, thus it reduce the fear of the market turn against you as you have limited your loses. The wonderful thing about option is it can reduce your risk in trading. It act as a leverage too and you can make use of option to make profit even when the market go sideway.
If you are dead serious and interested in learning option strategy, Do come down to Amara Hotel at 6.30pm (07/09/07) for a preview by OptionUniversity. I know is abit late to tell you guys about this wonderful news but the course will only start on this coming november. If you are really interested, you can just drop me a mail at akalawoo@gmail.com to ask for more detail.
GS OCT 175 2 Call +36
Net profit: +152.5
This is a nice strangle that i brought a few days ago. I brought it on tuesday. At first the slippage was about 50 cent. So today when i go back home and open up my IB woot. I make money from both my call and put. Wonderful !!:D I just love it as this is the best part for this strategy. Yeah it seem to work on GS too. Nowaday i use this strategy is because i have limited day trade and so i have to roll over my trade for the next day. Slowly i have to create a system to suit my small account. GS is the next stock that i pick on to test it out. I just love the stress free method by using the power of option. Wow!!
Today i learn something new from Bill (OU Instuctor). It is somthing like buying a stock but using option. The main benefit of it is i can keep on profit taking as the stock move up, thus it reduce the fear of the market turn against you as you have limited your loses. The wonderful thing about option is it can reduce your risk in trading. It act as a leverage too and you can make use of option to make profit even when the market go sideway.
If you are dead serious and interested in learning option strategy, Do come down to Amara Hotel at 6.30pm (07/09/07) for a preview by OptionUniversity. I know is abit late to tell you guys about this wonderful news but the course will only start on this coming november. If you are really interested, you can just drop me a mail at akalawoo@gmail.com to ask for more detail.
Thursday, September 6, 2007
My Daily Small Profit
GOOG OCT 510 1 Call +768
GOOG OCT 530 1 Put -722
Net profit +46
GS OCT 150 5 Put +142.5
GS OCT 210 5 Call -132.5
Net profit +10
GOOG SEP 530 1 Call +88
GOOG SEP 510 1 Put -32
Net profit +56
Total Net profit +112
I didnt trade much today as im quite tired. The market is very bearish yet google is having such a strong run. Im not really surprise with such a run since technology stock has been doing quite well lately. Just have to wait for the break out of 530 from Google. We shall see how it going to react the next few days. Yawn i shall go to bed now
happy trading
GOOG OCT 530 1 Put -722
Net profit +46
GS OCT 150 5 Put +142.5
GS OCT 210 5 Call -132.5
Net profit +10
GOOG SEP 530 1 Call +88
GOOG SEP 510 1 Put -32
Net profit +56
Total Net profit +112
I didnt trade much today as im quite tired. The market is very bearish yet google is having such a strong run. Im not really surprise with such a run since technology stock has been doing quite well lately. Just have to wait for the break out of 530 from Google. We shall see how it going to react the next few days. Yawn i shall go to bed now
happy trading
Wednesday, September 5, 2007
Free Forex Trading Platform
Hey guys, if you are interested in trading forex and you do not no which forex Platform to use, I have a recommendation. Do check out the links Under Free Forex Course and Platform. The 2 links are absolutely free.
You can open a demo account to paper trade and get the hang of it.
You can make use of the tools that they provide.
One of the link even give you free 5 days course.
You have nothing to lose, and Maximun gain =)
Happy Trading...
You can open a demo account to paper trade and get the hang of it.
You can make use of the tools that they provide.
One of the link even give you free 5 days course.
You have nothing to lose, and Maximun gain =)
Happy Trading...
Daily Winning of GS and Google
(Buy from Friday)
GOOG OCT 540 CALL +408
GOOG OCT 490 PUT -382
Net profit: 26
(Buy from Friday)
GS OCT 185 Call +128
GS OCT 165 Put -102
Net profit: 26
GS SEP 180 Call +88 (2 hours)
Total Net Profit: $140
Today the market react very nicely. I scalp GS to take some profit. From the insight i should have wait for it to mature. GTS1 work for even when buy on friday but the earning drop due to the time decay. I press wrong button today when im going to close another strangle strategy. I wanna sell but i press to buy. Then i just brought another leg to make another strangle. If not i will be able to profit it. It seem like the strategy work for GS too. = )
Seem like the market is doing quite well now but anything can happen. We shall see how it perform tomorrow. Well technology stock seem to be going strong. =)
GOOG OCT 540 CALL +408
GOOG OCT 490 PUT -382
Net profit: 26
(Buy from Friday)
GS OCT 185 Call +128
GS OCT 165 Put -102
Net profit: 26
GS SEP 180 Call +88 (2 hours)
Total Net Profit: $140
Today the market react very nicely. I scalp GS to take some profit. From the insight i should have wait for it to mature. GTS1 work for even when buy on friday but the earning drop due to the time decay. I press wrong button today when im going to close another strangle strategy. I wanna sell but i press to buy. Then i just brought another leg to make another strangle. If not i will be able to profit it. It seem like the strategy work for GS too. = )
Seem like the market is doing quite well now but anything can happen. We shall see how it perform tomorrow. Well technology stock seem to be going strong. =)
Tuesday, September 4, 2007
How to Draw Support & Resistance
Ever wonder what are those lines after lines when you see those stock chart ??
Ever wonder what are Support and Resistance lines ??
Well if you have all the Question Mark on your head. Feel free to visit my link http://otakalawoo.com/support-and-resistance/ .
Please give me some feedback as do you think it help you understand what is support and resistance. Thank you very much for visiting my humble blog. Happy trading.
Ever wonder what are Support and Resistance lines ??
Well if you have all the Question Mark on your head. Feel free to visit my link http://otakalawoo.com/support-and-resistance/ .
Please give me some feedback as do you think it help you understand what is support and resistance. Thank you very much for visiting my humble blog. Happy trading.
Sunday, September 2, 2007
How to Create an online account (optionsexpress)
I have just write up an article on how to create an online account (optionsexpress) and virtual account for trading on my website. If you are interested to know more about it, feel free to visit How to Create an online account.
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