dashover
226 posts
msg #128400
- Ignore dashover
modified |
5/10/2016 11:26:45 AM
I have been a SF subscriber for over a decade..
Constantly working to improve my trading etc.
For 20 years, I lost about $20,000 a year messing around with options.
I kept trying for larger profits, or just simply made poor calls etc.
I have refused to quit until I improve..
I was looking for a mentor and subscribed to a number of services, but they all were losers.
Somehow, I bumped into an older trader who was much better than I at options trading and
I've improved greatly. He cut his teeth trading commodities in the late 60's and he's got a good feel
for the markets.
My goals now are much smaller, quicker, and I'm happy with small consistent gains.
It hasn't gotten easier, but I am better at following his rules which are:
Sell 1/2 at 100% profit, and Sell 100% at a 50% loss..
His Motto is Be Right or Be Right out!
and you'll be wrong plenty... Just recognize it quickly...
I now help administer a site I built for him, but I make none of the recommendations.
If you are an options enthusiast you should check out the site.
I've tried to make it as transparent as possible by showing all the open and closed positions for the year etc.
www.greatwizeoz.com
Options trading is hard, but the site is showing about a 65% win rate ytd.
And you can watch the action from the sidelines..
You don't don't have to subscribe to see open and closed trades...
Dash
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dashover
226 posts
msg #128421
- Ignore dashover |
5/12/2016 10:35:55 AM
Sold the SIG puts and added XLF puts... today
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dashover
226 posts
msg #128445
- Ignore dashover
modified |
5/13/2016 3:12:13 PM
Sold the remaining SIG puts
Added SCO ...
Dash
My 2c
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dashover
226 posts
msg #128517
- Ignore dashover |
5/17/2016 1:40:49 PM
Sold FB calls at a small loss due to 50% drop... $228 loss
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dashover
226 posts
msg #128542
- Ignore dashover |
5/18/2016 11:17:03 AM
Buying TGT 6/70 @ .65 holding nose...
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dashover
226 posts
msg #128545
- Ignore dashover |
5/18/2016 12:33:28 PM
out of TGT calls at .95 personal trade..
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dashover
226 posts
msg #128745
- Ignore dashover |
5/26/2016 1:17:34 PM
Sold 1/2 of AA calls
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ThaGekko
139 posts
msg #128746
- Ignore ThaGekko |
5/26/2016 1:20:09 PM
NEM didn't work out for the "greatwizeozz"
Hopefully he got out due to his 50% rule as his calls are now worth .55 from 1.54 and were even as low at .34 yesterday... ouch!
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dashover
226 posts
msg #128751
- Ignore dashover |
5/26/2016 2:20:25 PM
Yes, sold for a loss... Spreadsheet will reflect soon...
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ThaGekko
139 posts
msg #128756
- Ignore ThaGekko |
5/26/2016 2:45:09 PM
What are you thoughts on AA, anymore room to run. I got in about the same time as you did.
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