Post by Emperor AAdmin on Jan 10, 2008 17:15:41 GMT -5
Here I will be posting stock which I am at least ~ 80% sure that they movement will resume throughout the day. I have been doing this as paper trading (both puts and calls) for many months now (after analyzing options for 1 and 1/2 year and have become well aware of extensive technical indicators via www.optionsxpress.com/ several years back) and by now it appears I am 2/3 of the time accurate and 1/3 of the time not. Upside appears far greater then downside also from a prospective that my correct picks (call or a put) have moved up as far as 150% within a two hour frame and my mistakes have moved up to 30% against my pick. So adds are 2 versus 1 to be correct with upside (of a put or a given call) as far as 150% and downside (of a put or a given call) as far as 30%. I would pick my stock (thus one) by roughly 1-2pm NYC Time (considering that is where the stock markets are) and discard them by 4pm latest within the same day. The strategy is trending. Uptrend is characterized as higher highs and higher lows and downtrend is characterized as lower highs and lower lows thus each easy to read.
PS: Just started trading option finally and today I played DAL (Delta airlines) which was doing pure daily uptrend with all major technical indicators following it which prompted me to play it. I played DAL Jan 2008 15.0000 call (DALAC.X) ( finance.yahoo.com/q?s=DALAC.X ) better chart for it can be seen on us.etrade.com/ (type DAL on quote box on top of the page; 2) click on option chains above the stock name; 3) go to calls>>15 call>>click on DALAC >> click the option chart for 1day and you will see what it did today. I got it at 6 seconds before 3:00 (it went down after touching upper linear regression channel (measures price range) and went somewhat bellow a middle one) and dropped it at 3:02pm. Move was from from 2.30 to 1.70 (I got it at 1.70, ~ bottom point) and then it moves with ease back to 2.00 (+18%). After I dropped it it at 2.00 it moved to 2.45$ per contract (you cant have it all) and then it did a mini downtrend at the end of the day towards 1.85 (these are DALAC option prices). What a day, and to think I almost missed it all together earlier back at 1pm when it was ~ 1.3 (imagine a move from there lol). I did my scan late today around 2pm and it kept racing up without any brake point to enter up to 3pm. Tomorrow I will post another one if I am ~ 80% sure again that is, otherwise no.
Optionxpress
Etrade.com option and stock charts (circled idem is what I played)
The link to the trade page
PS: Of course this was explained in detail so a reader might have a better understanding of what was explained above. My future picks that I will start posting in replays bellow will surely not have such s extensive explanations.
For stock tutorial
PS: Just started trading option finally and today I played DAL (Delta airlines) which was doing pure daily uptrend with all major technical indicators following it which prompted me to play it. I played DAL Jan 2008 15.0000 call (DALAC.X) ( finance.yahoo.com/q?s=DALAC.X ) better chart for it can be seen on us.etrade.com/ (type DAL on quote box on top of the page; 2) click on option chains above the stock name; 3) go to calls>>15 call>>click on DALAC >> click the option chart for 1day and you will see what it did today. I got it at 6 seconds before 3:00 (it went down after touching upper linear regression channel (measures price range) and went somewhat bellow a middle one) and dropped it at 3:02pm. Move was from from 2.30 to 1.70 (I got it at 1.70, ~ bottom point) and then it moves with ease back to 2.00 (+18%). After I dropped it it at 2.00 it moved to 2.45$ per contract (you cant have it all) and then it did a mini downtrend at the end of the day towards 1.85 (these are DALAC option prices). What a day, and to think I almost missed it all together earlier back at 1pm when it was ~ 1.3 (imagine a move from there lol). I did my scan late today around 2pm and it kept racing up without any brake point to enter up to 3pm. Tomorrow I will post another one if I am ~ 80% sure again that is, otherwise no.
Optionxpress
Etrade.com option and stock charts (circled idem is what I played)
The link to the trade page
PS: Of course this was explained in detail so a reader might have a better understanding of what was explained above. My future picks that I will start posting in replays bellow will surely not have such s extensive explanations.
For stock tutorial