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Weekly update: No double top on the daily or anything even remotely looking like that. Very strong weekly bar that kept steaming up. So not much has changed in my view. I still think this is a "too late to long to early to short" kinda thing. This long run is getting very extended, probably...

Buying MO anyway. MO - long 50 Apr18'19 CALL @1.29 (stock price was ~49.33) I still have this too late to buy too soon to sell feeling, so currently not putting much weight in the market. So account mostly remains cash. But as long as it keeps going up, trying to pick a piece from that. JP

Watching MO, looks on the verge of breaking out to the upside. Feels like I'm late to the party so just watching. JP

MS - long 42 Mar15'19 CALL @0.93 (stock price was ~41.33) Plan is to hold this for a couple of weeks. JP

So for the indexes this week: The weekly graph is in a very strong uptrend that could continue. The daily is grinding up on the ema's. We had last Wednesday a doji, followed by a bit of weekness the days after, but nothing too bad really happened. I would expect at least a double top or...

Sold the other half @ $0.95 (stock price was ~74.09), which makes the average sell price 1.05 P/L on this trade +52% Although this was not a bad trade, I'm not too happy with my timing on exit. I gave way too much back on this one. With ex-dividend tomorrow, the trade might have slipped into...

Sold puts JPM @ $1,70 (stock price was ~101.98) P/L on this position +30% JP

I sold half of the position @1,16. (stock price was ~74,82) Tomorrow is ex-dividend for XOM. Some extra downforce is to be expected. Although I stay confident on it for the coming weeks. Also, indexes seem vulnerable today with DJ / S&P making a doji after their very strong run up last 1,5 month.

JPM - long 100 Mar'15 PUT @1.30 (stock price was ~103.11) Expect to hold this for just a couple of days. JP

Yes, I agree on the bid/ask spread. I try to wait 5 or 10 min. after the open. But on the other hand ideally I would like to enter as close to previous' day closing price as possible (in the XOM case at least) JP

I will set a target that I expect price (stock) to reach as a minimum. Then I will pick a strike price between that target and the current price. So in case of a long I will buy a call (slightly) OTM and expect to sell it again ITM. Expiration is 1,5 to 2 months away. If it doesn't move the way...

To kick off: XOM - long 75 Mar'15 CALL @0.69 (stock price was ~72,28 at when I bought it at the open)

Hi there, The idea of this thread is to test my options system. In a nutshell: If I like what a stock is doing, I will start looking at the options of that stock. The only positions possible will be long calls & puts. No fancy options strategies and no volatility plays. So basically it's...

YM trader here too. (not full-time though). We can have a conversation if you want. Just be aware that when you begin with this, that market behaviour can change. Right now, volatility is rather high since October. Which makes certain things working "better" during that time imo. There are...

A lot of EU brokers are already blocking this for quite a while. IB is actually rather late to implement. Hurray, the EU is protecting us from… (DUH :banghead:)

It's not rocket science but a little effort is needed of course (as with most things in life) Oil futures low today (so far) was a bounce to the tick on a previous level with very high volume. So I hear you saying: "sure, nice of you to post that AFTER the fact" Indeed it is. The signal...

Sorry for having stopped updates. I found this journal to give me a lot of unnecessary stress. Also the consistency to follow the rules is not what it should be and that is under revision. On top of that I will not be able to trade for a month due to my regular job hours that will overlap with...

Thursday seems to have become rule breaking day:thumbsdown: This happens too often and needs to be fixed quickly. Only traded the first 45min of the US open session. My system said long but I was too eager to enter immediately after the open, which resulted in more loss than necessary. It's the...

Such nice swings today and no time to trade.:banghead: Anyway here's yesterday's statement: + $55.68 Note that the total $ value of the account is actually lower than yesterday. This is due to the changing $/€ exchange rate. But it doesn't really bother me since the idea is to change $ into €...

Traded the first 2,5 hours of the session. Too much to put on a chart. I was having a nice up cycle and hence looking for longs. Long never materialised though. It turned into smaller swings / sideways action. On three occasions I let a good profit go breakeven, hoping for the bigger swing up to...