What is up. Right now it's April 18, 2014 and the markets are all closed for the holiday. However, next week is a big week with Apple earnings coming out. The idea of using price action is a way to identify where the major pricing levels are, which will be difficult for the stock to reach. It's based on price action alone.
Apr 18, 2014
Apr 16, 2014
Here we are again today making a living day trading options. This is a lesson in high velocity options and how to manage what you are doing each day if your balance is small. 90% of traders nowadays are in this boat who would actually benefit from the type of trading I am talking about here.
Apr 15, 2014
Well what is going on. I didn't have enough time to get a good pre-market analysis out today, but what did we see? Yesterday afternoon the market rallied after side-ways movement and that makes it very difficult for the next day to continue much higher. It's like the market ran out of gas. So I gave up my long bias for AAPL call options and decided to go long on put options (short stock).
Apr 14, 2014
Well here we go. Here is some morning analysis for all you traders out there. It's Monday morning pre-market on April, 14, 2014 and there are great opportunities. If you are a long-term position holder, the next few months are likely to go unchanged by you, but if you are looking for lows to go long and highs to go short, it should be good.
Apr 11, 2014
Well it was a rough day. Ended up net down $160, but should have made $600 and at least should of made $220. I bought the 1,150 PCLN PUTS this morning at 2 lots with an average cost of 4.50. Just after I bought them the price went to 8.80. Being that I thought the price would run down much further by the end of the day, I didn't sell them. This was a huge mistake. When you are trying to scalp options, the goal should be a 50% return.