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Making $5K with $20K each month
- Thread starter PennyTrader
- Start date
Quote from PennyTrader:
Paitence pays. It took over 3 hours for DNDN to reach the price target:
http://charts.dacharts.com/2007-04-17/smallcaptrading_84.png
Pennytrader: charts are very graphic... couple ?'s.
1. What software are you using?
2. What screening technicals are you using to filter out your potentials?
THanks in advance for your reply.
Quote from PennyTrader:
YHOO earnings tonight, could make $3 swing. Bought some April $32.5 straddles - call $0.70, put $1.10
Congrats. Looks like your straddle is in the money. Right now YHOO is trading 29.47 after hrs. If it opens this way tomorrow, your puts are worth $3. Cool 66% on your investment.
Way to go PennyTrader! I'm rooting for you. I wish I could trade as successfully as you.
I bet most of the naysayers are New Yorkers. Where are you from?
Keep up the good work.
A question about your straddle. What would you have done if YHOO didn't move much after it announced earnings? Would you have closed the position at the open?
I bet most of the naysayers are New Yorkers. Where are you from?
Keep up the good work.
A question about your straddle. What would you have done if YHOO didn't move much after it announced earnings? Would you have closed the position at the open?
StockyIrishman,
The software is Ensign, the data feed is Esignal. The design, indicators, and signals are customized by myself. The colorful background reminds me not to go long when it is dark brown, but sometimes I forgot to pay attention :-(
Most time, I play the top 50 NASDAQ movers/shakers, the stocks most traders play - easy to move up or down. For swing trading stocks, I use stockfecther.com to screen. I've several filters, I'll do a scan tonight and see if it can generate some plays (based on different filters).
The software is Ensign, the data feed is Esignal. The design, indicators, and signals are customized by myself. The colorful background reminds me not to go long when it is dark brown, but sometimes I forgot to pay attention :-(
Most time, I play the top 50 NASDAQ movers/shakers, the stocks most traders play - easy to move up or down. For swing trading stocks, I use stockfecther.com to screen. I've several filters, I'll do a scan tonight and see if it can generate some plays (based on different filters).
Quote from StockyIrishman:
Pennytrader: charts are very graphic... couple ?'s.
1. What software are you using?
2. What screening technicals are you using to filter out your potentials?
THanks in advance for your reply.
Palomino,
I was originally from China. I've lived in the US for exactly 20 years by this May. I lived in Oklahoma, Texas, Florida, and moved to NC in 1997 - that's when I started to trade stocks.
If YHOO doesn't move at all after earnings, (1) I would sell the puts immediately and add more premium-less calls. Because so many bet it would tank, a lot short shares and covered calls were sold. If the price holds after not so good earnings, means bad news has been priced in, it won't stay at that level, it would go up. (2) However, I must use chart to determine. YHOO's technicals were terrible before tonight, it had a double top, indicators were pointing down. I debated if I should put 2/3 puts and 1/3 calls in the straddle, but in the end, I bought 1/2 of each, I decided to go short when the earnings is out in AH, so to make up the loss on the calls.
I was originally from China. I've lived in the US for exactly 20 years by this May. I lived in Oklahoma, Texas, Florida, and moved to NC in 1997 - that's when I started to trade stocks.
If YHOO doesn't move at all after earnings, (1) I would sell the puts immediately and add more premium-less calls. Because so many bet it would tank, a lot short shares and covered calls were sold. If the price holds after not so good earnings, means bad news has been priced in, it won't stay at that level, it would go up. (2) However, I must use chart to determine. YHOO's technicals were terrible before tonight, it had a double top, indicators were pointing down. I debated if I should put 2/3 puts and 1/3 calls in the straddle, but in the end, I bought 1/2 of each, I decided to go short when the earnings is out in AH, so to make up the loss on the calls.
Quote from Palomino:
Way to go PennyTrader! I'm rooting for you. I wish I could trade as successfully as you.
I bet most of the naysayers are New Yorkers. Where are you from?
Keep up the good work.
A question about your straddle. What would you have done if YHOO didn't move much after it announced earnings? Would you have closed the position at the open?
Here are top 20 stocks fetchered based on one of my filters, I'll take a look at some charts.
Symbol Last %Chg Vol
LLTC 32.12 0.82 9867900
MRVL 17.06 1.61 7883400
LOW 31.84 1.69 7406000
BMC 32.2 5.23 4390900
CBG 35.68 5.84 3056700
EWBC 39.85 11.13 2539700
AFN 8.62 5.51 1749700
ACLI 30.91 1.24 1655300
TLT 88.09 0.56 1254200
MTB 109.12 1.44 981100
CNH 37.8 3.34 851700
LAD 29 7.25 850000
WIRE 25.64 2.19 635900
MERX 7.99 0.5 421700
CYT 56.89 1.5 344400
NSTC 13.06 0.46 343100
TTGL 1.38 15 295700
XXIA 9.07 0.89 294100
EDR 14.96 1.22 291000
Symbol Last %Chg Vol
LLTC 32.12 0.82 9867900
MRVL 17.06 1.61 7883400
LOW 31.84 1.69 7406000
BMC 32.2 5.23 4390900
CBG 35.68 5.84 3056700
EWBC 39.85 11.13 2539700
AFN 8.62 5.51 1749700
ACLI 30.91 1.24 1655300
TLT 88.09 0.56 1254200
MTB 109.12 1.44 981100
CNH 37.8 3.34 851700
LAD 29 7.25 850000
WIRE 25.64 2.19 635900
MERX 7.99 0.5 421700
CYT 56.89 1.5 344400
NSTC 13.06 0.46 343100
TTGL 1.38 15 295700
XXIA 9.07 0.89 294100
EDR 14.96 1.22 291000