Live where you want and Invest were it makes sense.

Life is gettin a little crazy around here we are looking for a new plaace to live and I am trying to keep my head on. Im outof the markets this week with a $200 gain last week.I may have to go back to what i do best making money on real estate but we will see and time will tell

 

 

 

 

 

Trades For Monday

I was really pissed at my self I just sat by and watched the 900pt inteday swing on the DOW. Im going to catch it this time but im not going to catch a falling knife. My entry point to the DIA is anything below 8100 we are trading at 8400 so monday this is what im buying.

DIA Dec 90 put entry 8.75 1 contract.
Short AMAG 100 shares at 34.00 good green to red action.
HOG JAN 15 put $2.60

I an hoing to ride these trades down to DIA 7900 sell and go long the world. The next update will be out late Monday havea good weekend.

Short LVS AAPL Straddle one more time!!!

LVS- Well this is a casino in Las Vegas that saw a high a year ago over $100 and was trading down to $4.00 some news broke about another casino and it shot to $16 any time I see a stock move 200-300% in a few days I know its time to come crashing down. I found a theory on price action called green to red. If a stock has been up a lot and it opens up green then goes to the red zone its time to short. That is what I did I went short 250 shares at $12.25. Had I been a little more patient I would have see the stock rise to 13.00 which was the point I got scared out of the trade. For a $185.00 Loss. Guess what time of the day it was........ AM What a fuck up that was. After it hit 13.00 it broke support and is not tradeing at $5.00. So my stupid AM trading mistake cost me a potential $1812.00 profit.

AAPL- I put this trade on while at the Hotel in Miami. May not have been the best move ever. I was up the first day then AAPL got knocked down so I have to wait. When I did the options caculator before the trade I knew the longer I stayed in it the riskyer it would become. The day of the election AAPL was up big and my contracts we up a small $80 one part of me wanted to take a small gain but the other part of me wanted a big winner. I had 3 choices. 1)Sell for a small gain 2) let it ride and let the upside take care of itself 3) Sell the call and buy a put to replace it and ride the stock down for a big gain. What did I do???? I let it ride for a $250 Loss the next day. Im so fuckin pissed a bout that it makes me mad just thinking about it!!!!! I should have followed what I knew was best which was sell the call buy the put.If I had when i thought about it the Dec 105 put was $8.00 today its $18.20 so you can do the math. Im not going to say I would have rode it all the way but I would have made some money for sure. My next blog post I will be setting trading rules and posting somepictures from Costa Rica

AAPL Straddle, HOG Straddle

With the sucess of my last few straddles I view it as somenthing to stick with in this up and down market.
I played AAPL for a quick $246.00 gain. I saw it so I took a profit especially after the big loss on the VIX.
Mistake on trade: None good trade
I played Harly Davidson into earnings. The totle cost of the trade was $700 I was up because Harley was down big before earnings. The morning of the stock started to rebound. I got scared bacause the Call side of my trade was just about worthless, so if the stock rebounded the Put would lose more vale than the Call gained by going up so I sold for a break even. MISTAKE!!!!!!
when I open the postion I quesdtioned weather I should even buy the call because I was so sure the stock would fall. Historry has tought me not to pick direction so I stuck to my guns. The thing that cost me my gain was an ever so Famious AM fake out. If i would have held the market would hae droped and I wouldhave make a good profit. A break even is not bad its just a wast of time.
Mistake on trade: AM trading. NEVER TRADE STOCK IN THE AM!!!!!!!!

The ViX gives us A Comback

I wish I could say I am a market genus from this trade but truth be told, I cancled the trade and it just never went through so I ended up with 3 contracts.

10/13/2008 Sell To Close 3 VIXXI VIX DEC 35 Put $6.50 $1,935.05
10/10/2008 Buy To Open 3 VIXXI VIX DEC 35 Put $5.00 ($1,514.95)
Total Gain $415.00 which is very good but I can see from the numbers my losers are a lot bigger than my winners. I closed this thing as soon as saw a profit. I later learned that the VIX options are not even priced off the index thay are priced off the futures.

****Mistake on trade: None good trade