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And what would you say to INFY? Another one I found, not exactly channelling, but still, a contender for a bull put spread?

Looking over the charts for RIMM and SHLD, I think I've extracted some of the salient points for your credit spread strategy. 1) Channeling stock 2) Long term neutrality 2) Entry on a pivot point with directional bias. 3) A $10 range on each side of the S/R level, so that if...

Work exhausting today, so just a quick update. Set a 0.1 trailstop on AEIS last night, stopped out today with 120% profit, 2% equity gain. Which brings me squarely to break-even. Spent some of those winnings on an SM May 35 call. Admittely, I didn't stay completely within the...

Didn't get your answer in time so I put a GTC market sell trailstop of 10 cents. Just got home from work, only to find that the stock's dropped 0.42, but I was stopped out with yesterday's profits and a $5 bonus. Looks like I got lucky. But I've learnt my lesson. Thanks again for...

Yeah, unfortunately persuaded myself that with all the upside momentum, it could reasonably go up to 16. Still in. How close would you run the trail-stop, and what do you mean when you say be careful of stops on low volume?

Today’s rundown: Closed ZIGO; 40% position gain and 1.5% equity gain with a 7 day hold. Short move up and bounced off the October highs. Decided I’d take my money off the table. Account back to -2% Fifty of these 1.5% gains, with twenty five 1% losses and equity is up to 150%...

In any endeavour, the majority will seek the holy grail of instant success and effortless mastery. It’s human nature. Seeking pleasure, avoiding pain. So while many traders are searching for the perfect system, or seeing options as the nirvana, the shortcut to riches, (a myth perpetuated by...

It's gone straight from the Portfolio watchlist to Buy Watch :D Speaking of taking profits, another dilemma: Been long AEIS since 27th December. The stock has moved up 25% and I'm currently up 115%. Noticed the first signs of weakness today. Admittedly, I got in as a channelling play...

Closed my long call in ZIGO today for a 40% profit. Deciding when to take profits is a new experience. :D Too soon?

…be not swayed by the fantastic plans of impractical men who think they see ways to force thy gold to make earnings unusually large. Such plans are the creations of dreamers unskilled in the safe and dependable laws of trade. Be conservative in what thou expect it to earn that thou mayest...

Re-entered AOC 30 minutes from close, bullish engulfing pattern confirmed. This time, I made sure to place my stop below the support zone Admittedly, immediate volume has dropped, but based on recent volume, long-term trend, and industry trend, momentum is clearly with the buyers. I ran a...

I can't see it. Can you explain this?

Ah, reread your original post; I see now what I overlooked. I'm also beginning to see what you meant when you said that certain strategies that are great in theory take on added layers of complexity and aren't always so great when it comes to practice. As far as implementing this strategy...

I was stopped out of three positions yesterday. Results will be posted as approximate % of equity- AOC -1% GOLD -1% CNET 0.5% Overall, account is currently -3.5%. Instead of disappointment, I’ve found validation that my conditional stop orders are robust, and that...

I meant to say buying a deep ITM LEAP, then selling an ATM weekly/monthly, every single week/month. I called this a diagonal calendar spread in the original post, but another way to think about it would be as a covered call strategy. Didn't have any particular stock in mind, but if I do...

Cache, What do you think of this idea- Buying deep ITM LEAPS and selling ATM weeklies? A variation of a diagonal calendar spread I suppose.

I have the pleasure of commuting ninety minutes to work every morning. Which gives me a lot of time to think. I made a couple more distinctions. Last night, from 6-9 pm I was virtually glued to the screen, hypnotised to my real time data feeds. I was constantly reviewing the stock on...

Opened two more positions: AMTD May 22.5 calls AOC Apr 32.5 calls 65% of equity working. Raised the stops on CNET, LZ, CIGO, all of which have established an intermediate support. The rest of the watchlist didn't move. I was tempted to buy HIBB regardless. Why? On...

Hi Rearden, I really appreciate that you've taken the time to assess my strategy and provide some feedback. I always welcome suggestions and advice. I don't place much importance on background. Far more important is who we've become, how far we've come, what we've achieved, and what...

Well I hope that is a fateful day for both of us.