Apr 30, 2014

SPX/DJIA Hitting Triple Top and FOMC Statement

Good morning traders. We have FOMC statement today so we'll have to watch how Yellen moves the markets. Last month it pushed everything up pretty higher, but that would be tough to do today as the major US indices are at a triple top. The market likely buys up and then sells in the close of the week.

Apr 29, 2014

Big Volatility Intra-Day in AAPL and DJIA

Good morning. Yesterday I was looking at AAPL puts starting on Wednesday. For my personal trading I bought some puts at the top of the morning surge. If you look at the moves this market has made in just yesterday's session, the price action is like no other this entire year so far.

Apr 28, 2014

Bearish Trading Ideas (SPX and AAPL)

Good morning. Right now we are looking at the first formations of a bear market. If you look at the SPX index on US markets, the price actions shows that we finally made a lower high after having a significant pull back. What that means is we could be headed down into bear market territory with a pull back to the 1,700's.

Apr 25, 2014

Lost on Options, Made on Binary Signals

Well I am back where I was in January. Got barely any cash left and this is probably the worst month I have ever experience. It has just been loss after loss after loss with few gains in the vanilla options world. Last month was my best month ever in this space and this month I gave it all up going from a $5,000 cash balance down to $650ish including every cent in my bank account.

Apr 24, 2014

Stock Market Price Action after Apple Earnings and Forex Pricing

Alright, we had an earnings beat on Apple and they are buying back stock as well as a 7 for 1 stock split to make the stock more "buyable" for the average person. This doesn't have much to do with the future growth as the company explains that they know they have more money than they know what to do with, which means more money is not going to equal more return on capital. Bottom line is tech stocks and Nasdaq are all going up all day today.

Apr 23, 2014

Trading AAPL Earnings Today (April 23, 2014) - Strong Signal and Some Binary Option Signal Results

Good morning. It's currently 8am EST and let's take a look at Apple stock as it reports its earnings after the market closes today. This is a giant underlying asset and there are is going to be some big movement. Last quarter there was a 9% move down followed by a swift fill of that gap down.

Apr 18, 2014

Using Price Action to Trade Options on Earnings Week

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 16, 2014

Managing Trades Live: Options

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

Morning Market Sell - Options Profit: $230

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

Stocks and Indices At Low Point: Good Setup for Trading

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

Friday's Options Trading on PCLN - Partial Fill Disaster

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.

March 2014 Passive Income Report

Well things are going slow for website sales. I am continuing to build and I know after 10 years of doing the right things, the health site and this trading blog will be making good targeted traffic that will help my later years. Until then, it's all about what active income I can make and how to parlay that into a gradual growth of monthly passive income.

Apr 10, 2014

Trading PCLN for $470 Profit and Implied Volatility Techniques

Well what is going on. I am back on PCLN weekly options and today is Thursday April 10, 2014. After a huge run up of 40 points on this stock yesterday as the Fed minutes and big price targets were set, this thing was likely to sell-off. I bought the 1,210 puts at 4.20 and sold em out at 9.20 as the stock price fell 1.5%. This has a high implied volatility also and see why that means I like options on it.

Apr 8, 2014

What is a Trading Dark Pool and is it Bad?

Well there is a bunch of news going around the markets about dark pools and how they are bad for the financial retail trading world. First, let's get into what they actually are and then we will discuss theories on why they could be good or bad.

Traders Must Use Maximum Discipline for Entries

What's going on traders and personal fund managers. Today is all about learning from my mistakes. Luckily for me it ended in a $70 profit, but I ended up risking twice as much as I wanted and making $600 less than I wanted and easily could have. It's all about trusting your instincts and making trades that make sense. My battle was with the weekly 515 and 517.50 aapl put options. Today is April, 8, 2014.

Apr 7, 2014

Options Trading Live - Why To Scalp

Well starting off the week great. I was trading aapl options (the 517.50 weekly puts). Entered 3 contracts at 1.42 and exited at 2.20 after about 1.5 hours. This is a very good lesson on why to scalp if you are going for multiple intra-day trading positions.

Apr 6, 2014

April Week 1 Options Trading Results: $1,700 Loss

Well what a week. After the previous $1,500 profit this past week showed a loss of $1,700. That is because Monday, Tuesday, and Wednesday I failed to exit losing trades at break even. Wednesday I could have held onto the position until Friday and made about $3,000 on the week alone. Monday and Tuesday involved trading where my break even price was reached multiple times but I wanted more so the position was held longer and lost.

Apr 4, 2014

Huge Price Action Trading on PCLN Weekly Options on Day of Expiry

Well today was insane to say the least. I was trying to get into a PCLN put option this morning around $5.00 but it just fell way too fast. The sad part is I chased it and bought 2 of the 1,200 weekly options at 4.20. It was at the bottom of a 40 point drop in the stock price. Then there was the usual 50% market correction that just happens because pricing assets is like haggling and usually there is a half retrace.

Apr 3, 2014

Trading High % Balance or Slow and Steady?

It has been a couple days since my last post. That is because the first 3 days of the week I failed miserably. On Monday's options trading you saw an $800 loss, but it got worse from there. I lost another $800 Tuesday and $700 on Wednesday. The worst part about it is each day could have been avoided with a break even or small loss. The problem was that I wanted to wait out a bigger profit.