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  1. oraclewizard77

    Starting a business

    You can also look to buy a business or franchise that is already profitable in your area. Legal Zoom has the documents that you need to incorporate yourself. For any of you who may be looking to start or buy a retail business, I have setup full DELL Quick Books systems POS and Invoicing...
  2. oraclewizard77

    ES Journal Archive (2009 - 2010)

    Took a quick 1.5 points profit but could have easily gotten 2 points. Trade started to look better the longer I was in it, so I guess I could have brought up the target. Had an irrational fear that they were trying to trap me long and that if I did not get out at the right place, I would not...
  3. oraclewizard77

    ES Journal Archive (2009 - 2010)

    Yes, it was, I kept getting long and getting out for .25 - .50, so then I saw it too, went long at 1070, and got out at 1072 for a profit, who says TA does not work. :-)
  4. oraclewizard77

    ES Journal Archive (2009 - 2010)

    Made a small mistake went, had a long order in with stop and profit target. However, as soon as it went 1.5 points in my favor, I just killed the order, and of course it did go to my actual profit target. I think I really need to not watch the screen while I trade so I can let my winners...
  5. oraclewizard77

    CL Redux

    Moved stop on this trade down 71.63 as trade has gone in my favor. Reason for trade, CL has been down all day, made a nice rally, and then lots of red candles.
  6. oraclewizard77

    CL Redux

    sim short 71.59 stop 71.76, target 71.41. Previously did a real money trade short 71.60 stop 71.68, and target 71.50, but closed it for a 9 tick profit at 71.51
  7. oraclewizard77

    ES Journal Archive (2009 - 2010)

    ES seems a little bit more forgiving to me, for example, I traded badly on Friday, and only lost $ 12.00 in futures and made over $ 200 in options. If I trade CL badly, I could lose $ 400 - $ 800 or more. Also, looking at CL, many moves seem to be random to me where I can sometimes get...
  8. oraclewizard77

    the truth about options ...

    Buying options short term are fine if you have a valid reason for the position. Let's say you buy the SPY June PUT like I posted in real time on another forum. Holding it for 1 - 3 days, you should not have to worry about time decay with 3 weeks left till expiration. The 1st benefit vs...
  9. oraclewizard77

    Two GIANT steps to stop the oil

    An easy solution. 1) Legal pot that is taxed. 2) Legal whores that are taxed, no reason for Republicans to have to go all the way to Europe to meet their rent boys, or for the Liberals to have to hire the Hollywood madam who did not pay taxes. 3) Employ people to build a fence around...
  10. oraclewizard77

    Weinstein Trading and Fading

    Good luck with your BP trade, I was able to switch all my naked puts to China oil plays and ones that pay big dividends. Thankfully, got out of DO before it went down another 7 points. Reason I got out of DO even though its not being sued is the President said he is issuing a 6 month freeze...
  11. oraclewizard77

    ES Journal Archive (2009 - 2010)

    Been fighting this market picking bottoms, so around down $ 12 for the day. I think it would have been easier being short. I still have an urge to buy long again, but afraid they may panic sell into the close so done for the day for real money, but will just put it in on sim. Sim long...
  12. oraclewizard77

    ES Journal Archive (2009 - 2010)

    I closed my SPY put just now for around a 80% ROI, don't want to hold over weekend for time decay.
  13. oraclewizard77

    ES Journal Archive (2009 - 2010)

    I was able to get out of my spy JUNE 109 put today at BE, and I just now bought the SPY 110 put for around the same price I previously paid for the 109. Stop is always the cost of the put, and target for this put is around 2 points.
  14. oraclewizard77

    ES Journal Archive (2009 - 2010)

    Its funny, I saw it missed your stop loss by .25, as 94.25 was the low, so thought you were riding the wave higher. Today, it really seems they are playing games to get us out right before the big move.
  15. oraclewizard77

    ES Journal Archive (2009 - 2010)

    Negative for day so far. Was impatient on 1st long did not wait for good setup, and added a little lower, then got stopped out. Of course, market was a bitch and then went up without me. Bought 1096 which was higher than my 1st entry, but did it because thought market was breaking out...
  16. oraclewizard77

    ES Journal Archive (2009 - 2010)

    Bought the SPY JUN 109 put for a short term trade. I don't trust this rally with hedge funds predicting 900 test of S&P, but we will see what happens.
  17. oraclewizard77

    ES Journal Archive (2009 - 2010)

    Did 5 longs. 1) Was getting pissed on how I was trading CL after some losses, so last night I placed a long no stop no target. Came back from gym, moved stop up past BE and was able to set target to .30 which it hit as resistance before, and target was filled, my best CL trade. 2) 1st ES...
  18. oraclewizard77

    Obama Advisor: Damaging If All Countries Move To Austerity At Once

    We got one of the dumbest Presidents in a long time. 1) Giving state money to study ants or other crap does not create jobs nor does it stimulate the economy. (What should be done is spend money on rebuilding the roads and highways of America which creates both jobs and stimulus). 2)...
  19. oraclewizard77

    Those who still use T/A don't get it! :-)

    TA boy: Do not try and guess the price. That's impossible. Instead... only try to realize the truth. Neo: What truth? TA boy: There is no price. Neo: There is no price? TA boy: Then you'll see, that it is not the price that moves, it is only yourself.
  20. oraclewizard77

    ES Journal Archive (2009 - 2010)

    This is why I did not close my July hedge today and only the June put.
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