Congrats! Can go 5 star hotel eat this weekends.
So job's data pull back the bull today?
Lets see what show on Monday.

This post has been edited by yok70: Sep 8 2012, 03:30 AM

Ya.. got my cash for abalone and shark fins soup dinner this weekend!!

But, next week I got to watch the price action for LVS.. if this breaks out from 45..
I may have to cut it loose.

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Added on September 11, 2012, 5:33 amMonday Sept 10.

LVS closed 43.41, delta -2.01%. 17 days to go.

This post has been edited by danmooncake: Sep 11 2012, 05:33 AM

LVS will hit 45 within 2 weeks but don't take my word for it as i'm nobody

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Added on September 11, 2012, 12:03 pmHeard from a friend that TDAmeritrade now not allowing Malaysian to activate new account. Any one heard this as well?

This post has been edited by kimyee73: Sep 11 2012, 12:03 PM

nice call bro.

If LVS closes above $45 by Sept expiration. Then, I will lose money otherwise as long it closes below $45, I still do ok.

Anyway, I setup TDA many years ago, non-US residents can open account - no problem.
Now, I do not know.

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Added on September 11, 2012, 9:40 pmI think I will try to cash some out before Wed (German court decision) or Thurs (FOMC meeting).
I think Market is pricing into these moves with the surge last Friday, a little pull back on yesterday and continue on tonight.

Time to take some off the table first.

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Added on September 12, 2012, 9:37 am

FB alert: Zuckerberg finally came out and say.. "hey I care" and "time to double down".
This quickly translated into 3% pop today.. so, I'm watching the bullish cross over to $20 here.
If this happens.. imo, there's trading opportunity to make quick money. FB is a heavily shorted stock.. and could trigger a squeeze all the way to $24 and higher area. All speculation at this level only. I'm going to see if I can put a little money to play here.


This post has been edited by danmooncake: Sep 12 2012, 09:37 AM

Your "little" money here is how many contracts?

Guys , newbie here , need a lil help yea , i am new to US market , currently opening an US broker account - OptionsXpress , i am a Chinese , so when i fill in my family name and first name , eg Wong Jin Ming becomes Jin Ming Wong isnt it in their record , next time if i withdraw money via cheque , will they honour the cheque ? Will there be same problems with TT the money back ? and next thing is that isit OptionsXpress nice ? Any hidden fees involved ? i googled and OX claimed they dont have inactive fee nor maintenance fee . I did bumped into US stock dicussion V1 , but i still cant make up my mind .. for 2012 now , what will be best brokers that u all sifu recommend me ? I am not an active trader tho ... But maybe will be one in future.. Any helps will be greatly appreciated

For this one, I'm going to play commons. Not options. Maybe a couple of hundreds shares for giggles.
See what happens later.

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Added on September 12, 2012, 9:05 pmYes, they will honor it as long you also remit it to the ACCOUNT number that you've been given.

Also, you can put your family name in CAPS or separated by comma.

For examples:

Jin Ming WONG
WONG, Jin Ming
Wong, Jin Ming

It is difficult to say which one is the best broker.. because there's no such thing. It is a matter of preference. Some prefer no frills- cheapy account like just2trade or MBTrading. Some people like full course buffett style like Charles Schwab or TDAmeritrade...
Just give one or two a try.. if you don't like it. Then close the account and move to another one.

This post has been edited by danmooncake: Sep 12 2012, 09:05 PM

I use OptionsXpress...No doubt, OptionsXpress having a very user friendly trading platform. The only bad point is their commission fee is expansive. I used to trade Options, which cost $15 per trade. It is expansive for small trader like me. I find that most of my money has gone to comission. So if your capital is big, it should be OK.

I am thinking to use Sogotrade, but I heard a lot of bad point about Sogotrade. Anyone using Sogotrade here ?

Anyway, ThinkOrSwim also can be consider.

Can OptionXpress see risk graphs?

I'm using TDAmeritrade with both web and ThinkOrSwim (TOS) interface. TOS used to be a separate company but now own by TDAmeritrade. TOS is especially powerfull in charting and analysis. I tried OptionsXpress but don't like the user interface. I get special flat rate at TOS, just $1.xx per contract.

How do u apply the special rate?

Finally, all QEs (china, euro, korea, US....).
How strong can this long goes? Only time will tell.

That's it. I'm out of LVS (above $45) for now. Too dangerous to play against them. They manipulated this market.
If that's what the Fed wants, that what the Fed will get. Just keep on the long side until they fall off the cliff.

Hope you are doing ok with the shorts if there is any.
Now everyone plays the bubble game. Later US also join in Euro for the crisis.

I took a class on option trading and they have special rate contract with TOS for all their students.

I'm not exactly short.. just trying to put a cage around LVS range (40-44) but since
it has moved of range due to stupid Fed pumping, I've to bail out otherwise
there will be severe price to pay if I let it expire by Sept.

I'm staying long GLD and SLV since Uncle Ben wants to continue to pump this market up.

My current gambling positions +211% kudos to ben, now I oso need to join the gold bubble bandwagon
disca $2.80 now $4.5 +61% exited
bwld $7.10 now $4.61 -35% cut loss liao
ctrx (sxci) $10 now $23.7 +137%
lulu $19.20 now $14.05 -27% cut loss liao
dltr $12.16 now $14 +15% exited
tsco $98.50 now $97 -2%
hlf $68.74 now $56.02 -19% cut loss liao
aapl $560 now $691.28 +23%
dell $16.18 now $15.82 -2% swing trade fail, went below support line, cut loss
bac $8.2 now $7.75 -5% swing trade fail, went below support line, cut loss
mu $6.52 now $6.24 -4% swing trade fail, went below support line, cut loss
dia $11.60 now $12.45 +7%
dltr (split) $51.40 now $47.2 -8%
disca 50.91 now $58.75 +15%
bwld 86.19 now $83.55 -3%
disca $4.50 now $8.70 +93% Call Options Expiring Friday, October 19, 2012 strike price $50
gld $17.54 now $10.50 -40% Puts Options expiring Jan 18 2014 strike price $156
tuz $51.02 now $51.01 +0%
fivz $81.82 now $81.9 +0%
tenz $86.21 $86.62 +0%
ltpz $67.66 now $71.06 +5%

Bro, u r very daring le. Holding so many counters!!!

I'm holding not more than 3 DJ counters but all sold with nett margin above 30% once QE announced. Now holding nothin. Will wait for another round of luck.

Congrats on your success!
anyway, when yr2012 wraps up, won't be posting this kinds stuff (few more months to go)
some forumers would prefer lower initial capital and I'll look into binary option gambling and post those datas maybe yr2013