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Entry price: 0.92/contract. Bought 50 contracts. Closed 50 PAYX 37.50 Call at 2.40. Profit: + $7,400

I'm holding PAYX March 37.50 Calls until exit rules are triggered!

Novel20, I'm basically on the watch mode while looking at GOOG and some other stocks. I'm holding PAYX for as long as the trade can last - I have 50 contracts at 0.92/contract. My software is almost ready, so while looking at the market for entry on stocks on my watchlist I shall continue to...

I'm holding PAYX March 37.50 Calls. May buy more Calls and hold it until stocks on my watchlist are ready. You may buy PAYX Matrch 37.50 Calls if you so wish.

He made great calls but pple weren't paying attention. In fact, I wasn't paying attention until I checked LLY called by Cluseau and NTES by Iceman1. I remember Cluseau saying that he believed someone would try to sell LLY 30 Calls because according to him the stock was going SOUTH, so my thought...

You can call this thread anything you like. I wish you follow my advice on 1-2 trade(s) per time, your journal would have been the best on ET but for your trading style; while you have great calls, I doubt traders can follow the track with you. I still respect you regardless...., however...

I guess you acted too soon!!!......I didn't expect that from you because I admire you a lot!!! Did you read my comment just before you posted yours? And on your alleged that I don't post on your journal, I don't run commentaries on the market, I simply issue buy/sell with updates, mostly...

oh Novels20, can you wait a few more days? I could tell you when Google, AAPL, BZH and some other stocks are ready for uptrend....I will buy 300 contracts on any of those. I'm not sure you'll be able to get PAYX at 1.15...I'm expecting this stock to gain $2 -$3 anytime soon. Why not...

Novels20, I'm here!!! Reading but pondering on some issues!!! No, I won't tell you how much I made on AET, PNRA Calls...lol......no!! no!!:) BTW I have 50 contracts of PAYX March 37.50 bought at 1.15, averaged down to 0.92. On the side: I've dumped the idea of 2-3 day mindset and geared...

lol..well it is a breakthrough for me because one of my associates finally came up with a filter for stockfetcher.com that works just fine for uptrend based on my criteria. I believe I'm set for action pending the time work on my software is completed. Without the filter, I'd probably keep...

I am more patient than ever. I am looking at AET and OXM for Calls and entry point. I shall update beginning from this week.

Novel20, I've been trading behind the scene, surprisingly I am doing well. I intend to resume posting my trades on ET this week. Account was down by $7k but with some trades especially NTES, a little over 45K was realized in profits, but I couldn't make noise about since it wasn't posted on...

Spot on! With profits of 0.50 - 0.80 on 100 contracts every 2-3days translates into 5K - 8K (20K -32K/month). That was what I launched to experiement, but falling asleep on PC (lol) while trying to capture intraday moves is daunting.

You're also right but with right technology, intraday is the best way to go, although I won't recomend day-trading to any options trader. Why? The options trader will give up sooner than he thought. So frustrating!

I think you're somewhat right especially with your remark on trading plans. The technology, however, is the most important aspect of it. I was used to getting picks and recommending them. These picks were/are manually picked by a group of traders, but the task of teaching traders what to look...

Well, you are right but that was nothing compared to my results when over 800 traders were sending me picks based on my criteria. My undoing was that I shifted to intraday hoping that capturing $3-$4 move would help skyrocket my profit, but experience informs me that a trader will be dead 10...

PnL amounts to 4K over the initial 10K started in September. Profit by December was a far cry from the set goal, hence my reason for not posting it here. However, I'm almost done working on a software being designed by some programmers...software will help generate 2-3 trades per week based...

Thread is not dead!!!!:) I'm looking at Calls on AET and PNRA. Puts on ZMH. Will update. I gave up searching for trades that last 2-3 days with profit of 0.80/contract. Now, I'll hold for as long as the trend is intact. Will be back.

I've been travelling.....however, my research is pointing me back to my usual trading style, that is, 2 picks per month which are held for a period of 7 days or more. I can't successfully approach the market with 2-3 days mindset!

Originally posted by cnms2 38-Steps To Be A Successful Trader by Anonymous 1. We accumulate information--buying books, going to seminars and researching. 2. We begin to trade with our 'new' knowledge. 3. We consistently 'donate' and then realize we may need more knowledge or information...