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Couldn't agree more. I havent written a call so far in 2012. I think a lot of problem people have is they find a strategy and stick to it. A lot of people may start going into the higher beta names and chasing premiums. I have switched to swing trading for now and will not start writing...

Just a quick update. Account value: $28,930 I hit a high of about $29,400 yesterday and am looking forward to breaking the 30k, If you look back at the very worst of the august-september drop my account was down to 20k so up almost 50% since then. I dropped EL after they missed...

I'm curious, I just briefly read through this journal. I see in May of last year you were up 7% and said you were going to start getting into cash before the end of June. Had you followed this hypothesis you would have done brilliantly and looked like the smartest guy in the room. What...

FDX, EL, and DD are all still in and just added: UTX @ 80.10

just put in some swing trades FDX @ 91.20 EL @ 58.39 DD @ 49.90

sold IBM @ 192.20

Although I may be 4-5 points late, I'm looking to put a 3-6 month short in on TLT Does anyone have any opinions on this? Maybe going long TBT would be easier. Anyone else been watching this rollover? My 3-6 month price target for TLT is 105ish

Bought and sold Ebay before earnings for +600 and bought IBM after earnings at 185 and still hold it. Account is at 27,700 so completely recovered and more after the TGT wipeout. I haven't really done much here lately because it takes up more time then I would like considering I'm not...

my technical analysis is rather limited but was wondering some opinions on UTX for a swing trade. It's currently breaking out of the 6 month wedge it's been forming and looks like it could ride up to around 85. Any opinions?

It's funny how little you "system" people pay attention to what the hell is actually going on. The fact you are asking this is a little concerning that you pay absolutely no attention to what is going on with your underlyings. Answer: Motorola negatively revised earnings.

TGT sold @ 48.13

This is why I don't do earnings plays, yet I got forced into an earnings play here on the early announcement by TGT. That hurt. Just sold 21 Jan 49 C @ .50 on all my holdings EDIT: Scratch that. That would be a revenge trade. The technical damage done here is too great, I am closing...

Just went all in TGT @ 49.80 as it's underperforming pretty good lately and it just tapped the gap up price. will look to sell calls or maybe just ride this one up to around 53-54 Edit: Not sure why I keep doing these all in plays..at least they're on relatively safe underlyings

Just sold entire MSFT position @ 27.04 I initiated the position @ 24.55 Account is currently 100% cash.

Yes, and they would be no where near as good, it would be about a ~5% gain had I just held the underlying vs. my 32%

Hello and thank you for your comment. This is a great question in which I should have an answer for, but do not. I started this method basically at a whim without any paper trades or anything. It made perfect sense in my head and I will continue to do it until something drastic happens (my...

Well i've posted all my trades real time in my journal but basically i pick stocks i really like that offer 3%+ dividend and sell calls on them. I generally want to be in 3-5 well selected positions, but right now my entire portfolio has been in MSFT since 24.88 including 2x margin, because I...

I agree, However the strategy was already in place :) regardless I made out okay doing 32% last year

I'll just add my 2 cents since this is basically what I do in my journal titled investing juornal - T2S. I did about 32% last year, where the market was flat. However I am adding an additional leg of complexity and selling calls. So I am margining on high dividend paying stocks and then in...

Bought back 21 Jan MSFT 26 C @ .90 I think MSFT is starting the breakout that I've been waiting 5 months for, which is why I performed a rare buyback today. I also added to my MSFT position