Using eConsul to trade options+ Wizetrade trades

Originally posted by asad147a
Post Time : 09:14 ET

MSFT Trading Strategy based on Econsul Support and Resistance:

1. Buy August 50 Puts when MSFT is above 54.50
2. Close all existing July Puts during the week of if MSFT is at
support 52.50.

3. Weekly low of 49.50 is expected.
More...

See the above strategy and now see the range. Unfortunately I did not buy additional July 50 puts as I already have 52 at 1.25 that I bought earlier.

MSQSJ (MSFT July 50 Put)

Morning Range 0.95-1.05
Afternoon Range 1.25-1.30

So a safe return of 25% for the day. Isnt that enough for an individual to make a living? Even my previous options have made 0.05 profit so far and I am holding.

I guess that Econsul and MSFT Option daytrading is a nice combination.

I do not blame those who think that I am promoting Econsul. They know me only by my posts. I am excited and with that excitement I say good about Econsul that might be understood as a sales talk. All I want is to share my experiance with others.

That is all.
 
Originally posted by GeorgeSoros
I think it is more related to your trader skills than to the information brought by eConsul...
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Yes , You are absolutely correct. A different trader would have bought at support using the same information and then would have got burnt if you look at it from another angle.

I have realised that a trader needs to absorb information from multiple reliable sources.

Today's strategy:

I still have July 50 Puts. I want to close them today as Market Gurus are expecting a rally from July 5th to July 11.
 
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