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technical setups most time not work so well to me. the odd is not high. I found most rewardable are reversal patterns. "W" with the next leg a little bit low, then it quickly back to the former low and go higher. "M" with the next leg a little bit higher, often shoot a big bar, then...

there are tons of good stocks for option day trading. I am day trading AAPL and MCP today. made almost 50k on those two. but I need particular patience. for MCP, last two weeks, I was buying PUT, fruitless even it was dropping, last week friday I got some. I reasoned it was hitting...

you can test it in your paper account. I never short any either CALL or PUT. but I left some CALLs in the money to expire, the stocks was develivered next day, not instantly at the closing. normally I will clost out all my options before last minute expiration. the individual stocks...

out of most EXM Mid Mrarch $3 call at 0.15 today. still kept 30lots. sold 450lot DRYS $3. call FEb 17 at 0.8. still keep 50lot DRYS, hope it hit 4+ this week. may end it if things are not crazy as I imagine. whatever, money is made. so even it goes sour, I do not care any more. cheer...

the stock is EXM, since I already got out half at 0.1 and 0.15 (march 17 $3 call) today in the last half hour. when EXM shoot almost 20%. DRYS is releasing earning, I think all dryshipping stocks may fly. they are beaten down very heavily, highly risky, but also highly rewarding! bought...

yes,deep OTM, intiatially I want to buy very shallow OTM (just a little bit far awawy from current price, almost touchable,just rally like 10%, now it needs 50%, almost impossible), did not notice the strike price, too focus on the bid/ask and cheap quote, thought bought what I want, made huge...

i accidently entered a too large size option call(mid march call) I was looking at the stock, put the option in TWS, thought the option strike price is almost the same as the stock, look so cheap, and bought a dumbest position, instantly half loss. the stock is breaking up, but it is too...

bought different month date/strike calls for long-term gain in a strong trend to avoid short term timing issue. I am in aapl, it works.

sina67.5 calls expiration 01/27/2012 sina 65 calls expiration 01/27/2012 before 13:30 PM ET, sina67.5 call quote was x 0.01 (no bid), actually I bought 2 contracts at 0.31 thursday, iniiatially think about buying 65 call, the breakout will most likely happen, but it was expensive over...

quit? keep trading? launch another business? yesterday, I bought 100 lot 67.5 SINA call at 0.01 (out at 2.6), and 100 lot 65 sina call at 0.05+(out at 5.3),I found I made more than 100 fold gain. my wife was so surprised, and asked me: if I keep making money lilke this, pretty quickly I...

I bought 100 lot GLD 164 call monday at 0.94, yesterday and this morning really pissed me off, I almost paniced. it dropped to 0.09, and held there for the whole morning, almost wanted to close it out, then thought already at 0.09, why bother selling, so held and held until FMOC announcement...

just to see how far you can see, give you a question in PMO chart. at current level, what other setups did you see? so you can take advantage of next move hint: look both ways

you can not be jessie livermore then do not try to do that. you do not need sit and watch, shut down the computer. those little up/downs noises always will shake you out. i learned this lesson. so now i do not day trade often. just see the big picture, then line in it, then forget...

earning play is a kind of gambling. like buy a lottery. I bought GOOG 690 call and 590 put yesterday, just glad barely make some. bought AAPL put 420 at 0.13, sold it at 0.6, that is a quick breakdown play. from this, I feel better use chart to trade, not gamble blindly. my ebay...

very funny, when it is going up, people will think it is topping. when it is trending down, people will think it is bottoming, like natural gas. I am a happy long in index, aslo a pure short seller in natural gas. the only reason it is going up is it is going up. strong buy, another...

not about expensive or cheap. when you have those concepts, your trading is doomed.

I trade full time by myself at home. before i was a sfotware engineer, face computer more 10 hours a day. i did not see any vision problem. I am middle 40. several weeks ago I let doctor check my vision, the results is I still have super vision, my doctor joked me 'have pilot vision'. the...

in one chapter, he wrote: he scaled in S&P 500, and the market did not move up, he felt pressed, he danced and shouted " I am LONG...". obviously he was trying to pick a bottom. what is wrong about bottom picking? very profitable! bottom picking is kind of fading strategies. use it wisely...

guys in the market wizard. I am a true follower and fan about Martin Schwartz. I read his book 'pit bull' over and over. martin schwartz is a true success. since lots of his trading strategies I used day in and day out, and I found them pretty profitable. the first option trade he did...

there are five causes of mistakes 1. do not know what to do:lack skills and knowledge and experience 2. know what to do, but do not follow through: no motivation to do it 3.erroreous judgement of the underlying reality: they wish, they have bias, they ignore. they can not see the world...