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tradelifer

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Posts posted by tradelifer


  1. I propose you to observe the process of my next option combination conducting. Size of investment for one combination is 50,000$. For purchase straddle i put no more than 2/3 total amount of investment. The remained sum is necessary for management of a combination. Today i opened long straddle of OXY (Occidental Petroleum Corporation). It has been bought 47 contracts of NOVEMBER'12 87.5 CALL ($3.19) and 47 contracts of NOVEMBER'12 87.5 PUT ($3.81). In purchase it has been spent: 7.0*100*47=$32,900. Further i will conduct the combination.

     

    i can do wonders for you on binary options. watch the emini dow jones.

    for monday buy the 13260/250, sell the13240/230.


  2. I know there was a little discussion of binary options a while back but that thread seems to have died out. I keep getting more and more info on these products every week. Is anyone trading binary options at this point? I have looked into them in the past but never done anything with them.

     

    There are so many products out there today that it's difficult to keep up with everything. At the same time I'm always open to new ideas. If anyone has had good success with these products let me know. Brokers, products, times of day to trade, etc.

     

    i trade binary options. im loving it. most of the time. i can give you a buy and/or a sell that will make you smile at the close of the day. on monday 10/15, buy the 13265, sell the 13225.


  3. Hello, I have traded futures before. I actually started trading futures before stocks. I have had some success with futures but found that I wasn't consistently profitable, i.e. I will make money then lose it, etc. I have read new Al Brooks' books and want to start trading again using price action methods. Only this time I am considering starting with stocks.

     

    I would prefer swinging a stock, i.e. buying it and holding it for a couple of hours to make a swing profit, equivalent to 4-6 points in ES.

     

    I need your help. Please suggest stocks that have nice long moves (am I asking for too much? )and good volume. Also, I would prefer more expensive stocks (low commission if I trade with IB).

     

    On my shortlist are AAPL, GOOG, SBUX, ATVI, WMT.

     

    I would also consider trading ETFs but haven't had much exposure to them except for GLD, which I like but it's too wild for me now.

     

    Thanks!

     

    you should consider binary options.


  4. Knowing how to trade the Open is an important part of becoming a profitable trader, because it is here where you have the opportunity to start out correctly right out of the gate, or get impatient and do the wrong thing.

     

    I have fond memories of my P.E. class in junior high school, because of this game we played with "the ball". It wasn't any ball, it was a 5-foot high ball like a giant volleyball (and believe me, when you're in junior high school, that ball looked huge). The game was simple -- roll the ball over your opponents goal line to score.

     

    Starting out was the best part: about 20 kids on each side would start perhaps 20 feet from the ball, the teacher would blow the whistle, and then everyone would run toward the ball to start pushing. Inevitably whoever got there first had the initial advantage, and if he/she was a big kid, the initial push would send bodies flying on the other side of the ball, or sometimes the ball steam-rolled over some poor sap.

     

    However, this didn't mean that the initial move always followed through, because the kids who got the first move on the ball reached a wall of opponents that stopped them in their tracks, they would go flying over or bounce off the ball, and the other team pushed the ball in the other direction for a while. Sooner or later, one side would get organized and gain a steady advantage long enough to score.

     

    As much as I am enjoying this walk down memory lane, there is a point to this story -- this is exactly how the Open trades.

     

    I do NOT like trading the first 30 minutes of trading and rarely do it anymore; I always seem to lose money when I do. It is usually very difficult to see if any moves are a trend or just a short move that will quickly lose power. Last Friday, October 5, is a very good example of what I'm talking about.

     

    On Friday, the market had a few quick moves both up and down in the first hour of trading (just like bodies flying off the ball). At this point I'm still not clear if the market is going to trend and if so, in which direction, so if you do trade the Open, you better play a tight game -- only rarely does the market go in one direction all day from the Opening bell.

     

    After the first hour of trading, though, the market slows down and becomes easier to read -- the sizeable move up was countered and brought the market down to opening prices, then they started to go sideways. Then they started to slide slowly down from there, and that is when I'm starting to feel very confident about going short. That is waiting patiently about an hour after the Open before entering the first trade of the day. This is in-line with my general long-term trading style. This knowledge can certainly help you find other profitable strategies besides this one.

     

    1009.bmp

     

    Believe me, this is by no means easy to read. But with time and experience, you will start to get a better feel for what the market is doing.

     

    Many Profitable Returns,

     

    Trader Gregg

     

    Mr. Killpack has been studying the markets since 1988. He has read over 40,000 pages about trading and investing strategies, fundamental and technical analysis, and related topics. He began day trading in 2001.

     

    i know you guys have heard this a trillion times!!!!

    so ill just say this buy the emini dow jones at 13265 and sell it at 13225

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