My Options Play II
- Thread starter novel20
- Start date
Do you have an ASEI position?
As I wrote, I don't follow and wouldn't play it, but strictly on its chart, I'd be looking to see if it repeats its cycling to enter short. I may or may not get an entry signal. I usually don't try to pick tops or bottoms.
<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1103592>
As I wrote, I don't follow and wouldn't play it, but strictly on its chart, I'd be looking to see if it repeats its cycling to enter short. I may or may not get an entry signal. I usually don't try to pick tops or bottoms.
<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1103592>
Don't be so aggressive! You asked for an opinion on ASEI and I gave you mine.
We seem to have different trading styles. I focus on higher probability trades. I trade, I don't gamble. I occasionally posted some of my trades. Follow this link where I posted in real time my entries and exits: http://www.elitetrader.com/vb/showthread.php?threadid=70566&goto=newpost
We seem to have different trading styles. I focus on higher probability trades. I trade, I don't gamble. I occasionally posted some of my trades. Follow this link where I posted in real time my entries and exits: http://www.elitetrader.com/vb/showthread.php?threadid=70566&goto=newpost
Quote from iceman1:
do you trade at all!!? because it seems you object to almost eveything anyone posts on elitetrader.com--- yet I don't see any posts from you indicating positions you do enter! Maybe I missed those posts!
regards,
Ice
The My Options Play and My Options Play II threads are about gambling though. Any non-gambling trading is off topic.
I followed Multioption's posts from the beginning of "My Options Play" (before your time). As he stated, he has a swinging trend following method that has a good track record (I have some first hand information). This gave him the confidence to try to demonstrate how well compounding works when using options leverage. He had a a few good and a few not so good calls, and a lot of negative posts, like yours. I understand why he gave up posting on ET.
The reason for which I recently posted some of my trades was in response to another torrent of negative and aggressive posts about Jack Hershey's trading methods, that resulted in closing of a valuable thread.
I try to keep myself out of disputes, and rarely engage in arguments, but sometimes it's very difficult to remain silent.
The reason for which I recently posted some of my trades was in response to another torrent of negative and aggressive posts about Jack Hershey's trading methods, that resulted in closing of a valuable thread.
I try to keep myself out of disputes, and rarely engage in arguments, but sometimes it's very difficult to remain silent.
So his good trades were off the record. How convenient
His trading style was dictated by the outcome of the previous trades and the reason he doubled up on AMD was revenge for the original AMD trade gone bad. Classic amature mistake.
I think he will be back after the expiration of the AMD July options and give an explanation of what went wrong with his trading.
Wonders, they say, shall never end!
Okay! For your information: I got stopped out on AMD at 1.40/contract after setting a 0.30 trailing stop the day it got to 1.70. I was down with fever and had to go to the hospital a day before my trailing stop was hit.
Regrettably though, I couldn't send email to a few friends who got 10 contracts each at $1.00/contract, that was a day before Dell anouncement, hence some gained $600 each while others are bleeding. About 5 traders left holding AMD July 37.50 Call.
I don't know why folks are riling up on this site; I really don't know why!
I am a directional option trader and will forever remain so! There's no way market can get back what I have gained over the years - no way!!
Shalom!!
Edit: I will create new thread on ET if/when I am in the mood for public scrutiny. Right now, I'm in the mood for PCU, CLF and other stocks.
Okay! For your information: I got stopped out on AMD at 1.40/contract after setting a 0.30 trailing stop the day it got to 1.70. I was down with fever and had to go to the hospital a day before my trailing stop was hit.
Regrettably though, I couldn't send email to a few friends who got 10 contracts each at $1.00/contract, that was a day before Dell anouncement, hence some gained $600 each while others are bleeding. About 5 traders left holding AMD July 37.50 Call.
I don't know why folks are riling up on this site; I really don't know why!
I am a directional option trader and will forever remain so! There's no way market can get back what I have gained over the years - no way!!
Shalom!!
Edit: I will create new thread on ET if/when I am in the mood for public scrutiny. Right now, I'm in the mood for PCU, CLF and other stocks.
Don't be so gullible.
With the huge amount of people that follow the EliteTrader threads any "updates" should be posted within 10 minutes (not weeks) of order for easy confirmation, it takes less then a minute to post on ET. Setting a 0.30 trailing stop the day it got to 1.70 should have been an "ET update", why wasn't it?
Those calls where at $0.05, not $1.70, when Multioption posted his update. Check the EliteTrader time stamp (06-16-06 04:56 PM) and match it up with the AMD call option quotes.