Search results

  1. oraclewizard77

    Pair Trading Strategy Journal

    Currently my GME short is in the money, however the lower put that I sold to offset the higher put is now costing me money so I am only positive around $ 100 per contract. However, since the stock is at $ 22/sh and the lower put is at $ 21/sh, I think I will just wait till April expiration to...
  2. oraclewizard77

    NoDoji's Day Trading Log

    Good job, I made money today using my own system. I think I will also look at some other markets in the future to see if my system can work on them. I am thinking wheat or corn. When I was in a trade, I set the target and stop and went away, which helped. It also helped saying to myself if I...
  3. oraclewizard77

    Pair Trading Strategy Journal

    I missed going long AMD and shorting INTEL. However, I am going long ATVI Ativision and shorting GME Gamestop. I like that ATVI is coming out with more games including StarCraft2 sometime next year that I believe will be hits. I believe GME is going to have more competition from online...
  4. oraclewizard77

    The General Electric superfraud

    You can fool some of the people some of the time, but hopefully they will not be fooled too much longer so that my GE put makes me some money.
  5. oraclewizard77

    132 pip loss today. Ouch.

    Some ideas, to hedge the trade with another currency instead of using stop. For example, short GBP/USD, long EUR/USD. Could use more contacts on side that you believe in. Or another option, trade with stop but no profit target, see what 2 days in a trade may bring in regards of return...
  6. oraclewizard77

    NoDoji's Day Trading Log

    Good job, I also made money today, but stopped since I did not want to over trade.
  7. oraclewizard77

    Nicolas Cage to become an ET?

    I just don't understand why he needed so many castles. Plus luxury property needs someone to take care of it unless he was renting it out, so that also costs money. Its obviously Cage's fault, his manager never told him to go and buy a ton of castles. It would be different if the manager...
  8. oraclewizard77

    Winning Odds

    It also depends on your time frame. A stock can and will go up and down. However, Buffet was able to average 15% compounded rate of return for many years. How did he do this? He would buy a stock where he considered the value of the stock to be high while the price to be low. Also...
  9. oraclewizard77

    NoDoji's Day Trading Log

    One of the largest traders of CL who runs a hedge fund with money from Citi did in fact contract to hire some oil tankers to hold oil till the price increased. He is owed a $ 100 million bonus, but since C is bank, there is some concern of paying him this bonus. I had a poor day trading...
  10. oraclewizard77

    5 Things we can learn from China

    # 6 most important thing not mentioned in this article as things we can learn from China is that Chinese women taste like sushi.
  11. oraclewizard77

    Selling verticals on dividend paying stocks

    What you say did not upset me, it just was not that intelligent compared to the other poster, sorry if that makes you sad. spindr0 has provided all the information that I need, mod for this thread, feel free to close.
  12. oraclewizard77

    Selling verticals on dividend paying stocks

    Finally an intelligent reply. Thanks.
  13. oraclewizard77

    NoDoji's Day Trading Log

    Did you really take the stop advice here, or do you have a problem with reading comprehension? From Bighog: "Difficulty with trail stops really mean your risk management is off. Think about that for a minute. If you were giving your trades enough room to "WORK" then you would not be getting...
  14. oraclewizard77

    Selling verticals on dividend paying stocks

    You are right, you can't trade on past prices. Maybe, I should put this a different way. I notice a stock that I previous made money off of trading long which is paying a nice dividend. However, I don't want to buy it at its current price since I think its it may be slightly overvalued...
  15. oraclewizard77

    Selling verticals on dividend paying stocks

    How does it not allow me to purchase the stock below the market price? Let's say for sake of argument, the stock is selling at $ 26/sh. I sell the $ 25 put and get $ 1.00 and then I buy the $ 22.50 put for $ .50. 1) If stock does not fall below $ 25/sh, I make $ .50 cents of profit 2) If...
  16. oraclewizard77

    Selling verticals on dividend paying stocks

    No, if I sell a vertical put for example, sell the Dec 25 and buy the Dec 22.50, I collect a premium, but it is less than sell the Dec 25 naked. However, I would do this before the stock goes ex-dividend and before it posts a qtr report to only have to contend with market risk for example...
  17. oraclewizard77

    Do I have a case?

    You see my ":-)" face in the message, it means I am joking around about the part of your boss finding out. But yes I do in fact have the means to track you if I wanted since I am just that good.
  18. oraclewizard77

    Do I have a case?

    If they require information to help track him, please note that I will help you out for a small % of the reward. :-) I wonder what his employer will say once they find out he is being investigated for insider trading?
  19. oraclewizard77

    Selling verticals on dividend paying stocks

    What I was thinking as a safe bet would be to sell vertical puts on dividend paying stocks since the put should reflect the value of the dividend and the vertical gives some protection against a market crash plus it allows me to purchase the dividend paying stock at price below market instead of...
  20. oraclewizard77

    Do I have a case?

    2 Commodities Brokers Plead Guilty to Insider Trading Worth $4.7 Million http://www.nytimes.com/1998/07/24/nyregion/2-commodities-brokers-plead-guilty-to-insider-trading-worth-4.7-million.html Maybe the next story will read, an energy trader who was giving information to hedge funds for...
Back
Top