Recent content by garage sale

Another newbie question. What are you looking at to tell what the market thinks?

So how would the pro play in this situation? I'm bullish on GLNG and have reasons to believe that it will go up 10+% in the few days or weeks after earnings which is on the 30th. This could go to $40 based on my analysis, but if they miss earnings they could go down 10%. I want to limit my...

Ok...let's just assume that I can pick stocks that will go up 10%, after earnings, then how can I benefit from it with options. When Moody's came out with earnings, it was trading around 62.5, and the 62.5 May calls were selling for $1, at exp. those calls were worth $5.40. PCLN was...

Here are few stocks that showed up on my scan, basically stocks with growing sales and earnings. Most of these had 10%+ move after earnings. I do not have historical option prices or the vol., but if anyone has it and can look back, what would have been the best strategy. PCLN, MYGN, ONE...

That's exactly my fear, but is there a way to play that though.

Volatility is certainly a big component, but how do we determine the fair price and which strike gives the most return for the risk.

Let's say I believe that a stock will go up 10%, after the release of earnings. It may take 1 day or 2 weeks. I want to be a call buyer, and not a put seller because I do not want to be short put if the company misses earnings and the stock gaps down. When buying the call, what are the...

When I log-in from my phone or Ipad, I get a message that my account is banned. This has happened in the past too. Can you see why?

One of the ways to becoming a professional is to find a mentor that will show you the way. I've traded live and am trading on sim right now. I understand that trading on a sim is not the same as trading live but I feel that if you cannot make it on sim, you will "probably" not make it live and...

Today's action was similar to yesterday's. At (1) price went up the channel and ATR 1 > ATR 4. At (2) we had a down candle with a LL-LH, but it's ATR was larger than the previous candle's ATR. This is exactly what happened yesterday too. In this case we wait for the red 5 min charts with a...

I was able to read the PA correctly but still didnot pull the trigger. The market was up huge before open and still held up in the first 30 mins. I was looking for a pull-back and got that at 7.30. As the market was pulling-back the down bars were getting smaller and smaller. I felt that there...

Here is an example from yesterday. At 10.50 price closed above 10MA (1) and the 2nd bar(2) after that made a LH-LL. Usually it is okay to go long here, but the 10.50-11 bar never touched the previous resistance which was at 26.75. At (3) price touched 26.75, so you'll buy at the high of (2)...

I have had few journals here in the past. I traded live and did good for a while and lost it all as time went by. Sometimes I feel that this is just a pipe dream and it is going nowhere. I am not willing to give up right now but I am getting to the point where if I cannot make it soon, I may...