posted
My Q put was doing well, but I should have sold already and took the 25% or so. I've started learning Forex....moves faster and makes good money....IF you can find a system.
-------------------- Study before you buy, Sell before you think about it.... Posts: 3903 | From: Gulf Coast | Registered: Jun 2006
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posted
I was hoping the Q's had finally topped out, but NOOOOOO....
Sherri, I've never looked at the Forex stuff, can you summarize what the deal is? Thanks.
Posts: 1028 | From: Georgia | Registered: Jul 2005
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I just wanted to say that I love this thread. I've been following it for a while and really like the analysis. I've used quite a bit in virtual trade and been fairly successful. I'm ready for the real deal now, so I'm looking forward to it, and one of the other reasons for finally registering to the forum.
Never done any forex stuff either - seems quite a bit more volatile, which I'm guessing is great for getting in and out of position quickly. I'm with optionsXpress but they don't seem to have that available - unless I'm not looking in the right place. forex meaning foreign exchange?
Have a great weekend! Regards, ~BC
Posts: 1 | Registered: Jul 2007
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posted
Sherri,keep us posted on your adventure with FX.
My expiration day trades did well. Better than rest of the month. There is no gap up/down to worry about. Only problem is there is only 1 expiration day in a month.
Posts: 130 | Registered: Jul 2005
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posted
JLo, can you explain your expiration day trades? I'm guessing that you are trading the options on the day they expire. What advantages are you seeing from this?
posted
Short calls/puts on expiration fridays. They expire worthless when 4:05pm rolls around. Been doing that for > a yr. But you have to know the stocks and watch them like a hawk because its sometimes pennys from being in the money. You want it to finished out-of-money.
This play is not unlike futures, your positions are settled end-of-day and you are on the edge. I don't play futures because of the big lot size.
Posts: 130 | Registered: Jul 2005
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posted
Your welcome. You have to be comfortable with selling naked options and a big margin acct. Don't do it if you are not comfortable with it. I am still in the rebuilding phase so I am not out of the water yet.
Posts: 130 | Registered: Jul 2005
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Sorry I haven't stopped in to say hello. Haven't touched an option since the Qs, although CROX was looking beautiful in the 40s again...should have pulled the trigger on that one.
Forex is some kind of beast. Everything you read make nearly no sense until you do some practice trading. Any reputable broker has a demo account system...worth checking out, particularly if you are a technical trader.
Good Luck All!
-------------------- Study before you buy, Sell before you think about it.... Posts: 3903 | From: Gulf Coast | Registered: Jun 2006
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posted
Yeah, its been pretty dead in here. I haven't seen Chart around...I hope all is well with him.
My Q put finally did what I thought it would do, but the Fed came in and propped the market up. It would have been nice to have played that, but you can't play shoulda's, woulda's, or coulda's.
I think the Fed attempts might still fall short, so I still hold my put, but I'll be looking to get out soon because its a Sept. expiration.
Posts: 1028 | From: Georgia | Registered: Jul 2005
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posted
Mill, Sept Fed meeting may drop the "important" fed fund rate if credit still too tight. There's possibility of that. It might just pump the mkt in a bad time before your puts expire.
Of course I canbe wrong.
Posts: 130 | Registered: Jul 2005
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posted
I plan on being out of them before then, but who knows. At some point, I half expect the market to panic when the FED lowers rates. I think its all just how the media and the marketeers spin it these days, but I remember a couple of years back when the market actually looked at a rate cut as a bad thing.
Posts: 1028 | From: Georgia | Registered: Jul 2005
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posted
Picked up some June options (expires in 8 days) for YHOO for .28 ($25)- it's better than Vegas baby!
Posts: 949 | From: Little Rock, AR | Registered: Dec 2005
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posted
For example here ya go. XLF is financial sector. You can buy a put and call on this index and you can make some good money if it moves a LOT either way. or you may put 80 in call and 20 in put. Hoping it goes up, yet if goes down you can gain some back.
Posts: 208 | Registered: Sep 2008
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quote:Originally posted by Rockster: For example here ya go. XLF is financial sector. You can buy a put and call on this index and you can make some good money if it moves a LOT either way. or you may put 80 in call and 20 in put. Hoping it goes up, yet if goes down you can gain some back.
Ya, I've been playing DUG (Oil Short) for a few weeks now. Always been making money, but selling too damn soon!!
I had some Oct $49 calls I bought for $.80, sold them a few days later for $1.50, friggin calls eventually hit $33 a week later, ughhh
Bought some MS Nov puts late this afternoon. Not liking that trade right now...
Posts: 3026 | From: Chicago | Registered: Oct 2005
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quote:Originally posted by Rockster: For example here ya go. XLF is financial sector. You can buy a put and call on this index and you can make some good money if it moves a LOT either way. or you may put 80 in call and 20 in put. Hoping it goes up, yet if goes down you can gain some back.
Ya, I've been playing DUG (Oil Short) for a few weeks now. Always been making money, but selling too damn soon!!
I had some Oct $49 calls I bought for $.80, sold them a few days later for $1.50, friggin calls eventually hit $33 a week later, ughhh
Bought some MS Nov puts late this afternoon. Not liking that trade right now...
ha.. thats the way it is. It's good to take that profit.. I let one double go all the way back to 0. that's too bad man. Sometimes I'll take half and leave half when they go up like that.
Posts: 208 | Registered: Sep 2008
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