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  1. M

    The Novice Stock Options Investor

    10/29/10 AAPL 300-320 NOV Call Spread for 7.00 x1 When you see stock shoot up almost 20pts in a day you can't help but wonder if it's a right time to buy. I love Apple and their products, but I had to look for a good entry point. On 10/29 it closed below the 20 day sMA and I felt I had...
  2. M

    does watching CNBC help or hurt your trading?

    I agree. just a general overview of market conditions and opinions.
  3. M

    We have topped...

    I'd prepare for it, but won't trade it right now.
  4. M

    Why were the railways down today?

    it's actually more of a sideways day.
  5. M

    The Novice Stock Options Investor

    10/21/10 WYNN 4 November 90 PUT for 1.05 each. Reason: was trying out a reversal play off the bollinger bands. I projecting for it to reverse to the 20 sMA. Exit: .50 per option Volatility kept most of the value as earnings of MGM and WYNN grew closer., but on 10/29 I hit my stop...
  6. M

    The Novice Stock Options Investor

    Every 30 days I will do a recap of all my trading. This is my first time in a long time that I'm doing so. The focus of this journal entry will to evaluate my entry rules, or why I entered these positions. 9/27/10 GOOG NOV 560-570 Call spread x2 for 2.75. If anything, this was my...
  7. M

    The Novice Stock Options Investor

    On my real account. I just had half my profit in my BIDU butterfly. I did buy back one of my short 110 calls near the lows for the day. My funky butterfly is as follows: long x2 100 calls, short x3 110 calls, Long x4 120 calls. I currently have 9.38 risk on the table with an unlimited...
  8. M

    Trading vs Playing poker, will it help with my trading?

    What aspects of poker will help an aspiring trader? I'm a fairly horrible poker player and I was thinking that getting better at poker would help my patience. Thoughts?
  9. M

    The Novice Stock Options Investor

    What a good way to wake up friday morning. My NOV 130 GLD calls fill at 3.15 and I just sold for 4.00. That DMI+ cross over and 30 sMA bounce proved to be a good signal. I close out my NOV 90 Puts WYNN for a 50% Loss. So far I'm up for the year and really can't complain. A part of me...
  10. M

    The Novice Stock Options Investor

    This is a new beginning for me, and a full commitment to being a successful trader. I will use to this forum and my blog to share aspirations and performance as a trader. I've come to the conclusion that if I share my successes and failures for people to read, it will help in motivating me to...
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