iceman's options trading journal

Thanks Iceman for that nuggets of wisdom.

After capturing bearish moves in BOL, KOSP and other stocks, I think I'm now ready to inject 100K to the market. Goal for 2006 is $1.2M.
 
Quote from Multioption:

Thanks Iceman for that nuggets of wisdom.

After capturing bearish moves in BOL, KOSP and other stocks, I think I'm now ready to inject 100K to the market. Goal for 2006 is $1.2M.
More...

you're welcome m/option

lofty goal you have for 2006---- but why not aim high! good "luck" in achieving the goal!

(by the way - please don't hesitate to PM me if you ever have an excellent trading idea you're willing to share- & I will reciprocate)

:D
 
[/B]
Quote from iceman1:

[Trading Paradox

I know it may sound strange to many readers, but there is an inverse relationship between analysis and trading results. More analysis or being able to make distinctions in the market's behavior will not produce better trading results. There are many traders who find themselves caught in this exasperating loop, thinking that more or better analysis is going to give them the confidence they need to do what needs to be done to achieve success. It's what I call a trading paradox that most traders find difficult, if not impossible to reconcile, until they realize you can't use analysis to overcome fear of being wrong or losing money. It just doesn't work!... Mark Douglas

[/B]
More...

Iceman - I have been reading your journal with interest. Sometimes I think your 'legging' into partial hedges seem to contradict your primary expectation for the underlying. Also, some of your trades seem to contradict the above quote.

Do you have a spreadsheet or a listing of your P & L's by each underlying on this journal? If so, I think it would help me (us) better understand some of your moves.

BTW I am beginning to think uninvited guest may be correct on his read of multioption. You might want to be careful on his PM's.

Wayne
 
Quote from wabrew:



BTW I am beginning to think uninvited guest may be correct on his read of multioption. You might want to be careful on his PM's.

Wayne [/B]
More...
Does iceman come across as someone who can't decide for himself?
 
Quote from wabrew:



Iceman - I have been reading your journal with interest. Sometimes I think your 'legging' into partial hedges seem to contradict your primary expectation for the underlying. Also, some of your trades seem to contradict the above quote.

Do you have a spreadsheet or a listing of your P & L's by each underlying on this journal? If so, I think it would help me (us) better understand some of your moves.

BTW I am beginning to think uninvited guest may be correct on his read of multioption. You might want to be careful on his PM's.

Wayne [/B]
More...

I doubt "uninvited_guest" was correct about much - as all he seemed to do was criticize others without putting his own ideas out there for public scrutiny.

In 2006 - I hope (intend) to be able to update this Journal in more earnest with consistency and indicate pnl as you suggest. right now, I still have a lot of other open positions that have not been posted here - some of which were rolled over from Dec expiration.

so in what way do the few trades I posted so far contradict the Douglas quote and/or expectations - I am always interested in serious input that may prove enlightening - otherwise why start a Journal in a public forum?
 
Quote from iceman1:

+ 5 COP @ 1.85
-10 COP @ 1.23


order buying 5 COP Feb 60c @1.55

looking to exit COP Jan 57.50 on next pop- if any- there is an unresolved gap on COP that has me concerned so I want to close Jan ITM and maybe buy Feb -- while keeping short Jan 60c--- will consider reversing and selling Jan 57.50c.
More...

closed 5 COP Jan 60c @ .50 (+310)
still -5 Jan 60c @1.23

order entered to re-sell Jan 5 60c @ .90

order buying 5 COP Feb 60c @ 1.10
 
Quote from iceman1:

sold (2) Jan 55c @ 1.50

- 2 Hum 55p
-2 Hum 55c

3.10

bought (2) Feb05 55p @ 2.40

will now sell 3 more Jan 55p on PB - and (2) 55c on any decent mark-up next week.
More...

order selling 3 HUM Jan 55p @1.70

order selling 2 HUM Jan 55c @ 1.70

order selling 5 HUM Feb 45p @ .40
 
Quote from iceman1:

PD


bought 2 PD AK @ 1.65 (Jan 155c)
order buying 2 @ 1.40

will look to spread spread against 40c or 45c
More...


order selling 2 PD AJ (Jan 150c) @ 3.70
 
Quote from iceman1:

closed 5 COP Jan 60c @ .50 (+310)
still -5 COP Jan 60c @1.23

order entered to re-sell Jan 5 60c @ .90

order buying 5 COP Feb 60c @ 1.10
More...

bought 3 COP Feb 55p @ 1.17/ sold 3 COP Jan 57.50p @1.23

will add 2 more --

then --- will look to exit my +5 Jan 57.50c bought @ 1.85 - for >$2 reverse direction and sell them short -- ratio 1.6/1 -while intending on keeping remaining -5 Jan 60c sold @ 1.23 until expiration.

looking to enter 12 Feb 60c @ <1.15
 
You must log in or register to reply here.
Back
Top