Buying AMZN and shorting CAT today (10/4/2017)

hajimow · Oct 27, 2017

You want proof and I load you with proofs days in and out. Today was a bad day for me. Ouch. Only $1300.

hajimow · Oct 27, 2017

This is a new update. You want proof?

I flood you with proof.

hajimow · Oct 27, 2017

Nine_Ender said:
Yes, there is a lot of noise in your posts. However, this was your most important post this week :

Unless your size was tiny on this trade, it's going to hurt ( looked it up; the calls are up 653% at the moment ). Those of us who have traded near month options know the nature of this kind of trading. I'm not sure that you are fully aware of the risks, you seem overconfident and that may hurt your net value moving forward more then your inability to properly analyze companies like CAT and MCD.

Nevertheless, it's your money and you are free to do whatever you want with it and gamble if need be. Just don't pretend your calls on stock direction on here have been good. They have been bad. MCD and CAT for example. I'd hate to see how confident you would be if you actually called one of these correctly.

Nine_Ender I am not mad at you. Actually I like that you criticize me. My responses might show that I am angry or mad but I am not. Sorry if you think I offended you. Trading is my passion and I have been doing it with pride since 1995.

ironchef · Oct 28, 2017

hajimow said:
I have always said, it is difficult to trade like me. I have given you many examples and I will give you another one. I sold PUT 140 and Call 150 on IBM before the earnings. IBM shot to over 162 after earnings. Did I panic? Hell no. Did I cover? hell no. I shot my 150 call to 2x 155 Call with more credit and this week 155 Calls will expire worthless and I will get out as champion. My account is loaded with CAT puts that expired and will expire worthless. If I knew that AMZN would go to 1100, I would not have done that trade but now I have ways to get out of that bad trade with profit. On MCD, I already said I got out at 120 even over a year ago.
By the way if you are so confident that I am not confident in my calls, why don't you invert my calls and make a killing? I am helping you with my calls.

I bought IBM calls instead, prior to earning in mid August.

hajimow · Oct 28, 2017

ironchef said:
I bought IBM calls instead, prior to earning in mid August.

I wish I did the same but well I thought by selling out of the money calls and puts I am protected for 3% to 4% move but I was not. But with my excellent damage management I got out of it with profit. 400 shares of IBM ( I mean 4 contracts) and I made $2461.67. Not bad for a bad initial trade.Now after the fact, I wish I had sold 160 PUT and have bought 150 calls with lots of credits.

ironchef · Oct 30, 2017

hajimow said:
I wish I did the same but well I thought by selling out of the money calls and puts I am protected for 3% to 4% move but I was not. But with my excellent damage management I got out of it with profit. 400 shares of IBM ( I mean 4 contracts) and I made $2461.67. Not bad for a bad initial trade.Now after the fact, I wish I had sold 160 PUT and have bought 150 calls with lots of credits.

It was luck, no skills involved. Total loss on TEVA calls. So, win some lose some.

Wish I had your risk management skills and applied to TEVA.

Regards,

hajimow · Nov 1, 2017

WMT has slashed online prices. This will put more pressure on AMZN. Make sense to short or take profit on AMZN. AMZN should drop.
CAT is still my favorite short.