successfully scalped DIA. Entry of PUT @ 138.80, ran @ 138.42, 10 cents higher than Fibo level 138.32.....but need to hv large contract...expensive comm. Appl better - 1 contract can enjoy big move in terms of absolute value.

what's queue ? googled but no hint . Scapled couple of times of BAC during the range of $5++, then lucky when Warren Buffet pumps money in .


Yeah nimble just like the fishes used in "Fish Therapy" .

Besides volatility, does the huge aapl underlying price plays any row? Bsc option is a fraction of the underlying, for instance:

DIA underlying = $140+-, hence option will be around let say 1% of it = $1.40 premium.
AAPL underlying = $450+-, premium = $4.50.

Assuming everything is the same, we will need 3 contracts of DIA to match 1 contract of aapl in this case? Therefore, a slight move in aapl is actually 3 times move of DIA, can I say that? Percentage change for both are the same but absolute value?

This post has been edited by countdown: Feb 1 2013, 12:36 PM

crazy all missed estimated and yet $DJI goes up...like amazon liao...thank goodness yesterday exited DIA, if not now got roasted to the max....

This post has been edited by countdown: Feb 1 2013, 11:01 PM

successfully scalped aapl by using trail stop at +1.00 but aiyeah....so fast triggered...could have made more....

This post has been edited by countdown: Feb 4 2013, 11:12 PM

I would prefer both as investor and a trader strategy based on percentage allocation. Most of the gurus would recommend stick to only one side but I beg to differ.

Hybrid. Currently the weightage is more on trading side .

This post has been edited by countdown: Feb 4 2013, 11:53 PM

will hit Fibo level 448 aapl soon?

This post has been edited by countdown: Feb 5 2013, 12:29 AM

opened position before Mon?

thanks man.

I had observed the 10min charts, +$1 is quite tight, in fact 95% of the ranges hit more than $1 easily, should have increased to $2.1 instead. Lesson learnt but will only do trail stop, provided I had safely gained more than $2.1. If it swings more than that, at least I got back my capital. What do you think? I might be incorrect.

Ok, I have to mention my position in details, I bought 1 month option rather than weekly because not familiar with weekly's yet. I set my closing condition of stop loss and profit target based on the price movement of the underlying rather than the option premium/price. Therefore, the greeks involvement is not there though the option pricing is based on greeks.

Still, thank you for your feedback on the volatility/vega

This post has been edited by countdown: Feb 5 2013, 12:02 PM

It solely depends on what the user want. Are u a stock, option, forex or future traders? Low commission? Friendly platform and etc.

For stock, I think any broker will do. But for option, I would prefer TOS and Interactive Broker. Others prefer Option House or Option Xpress and etc...

Lowest comm I have seen is Interactive Brokers, u can check them out.

As for forex, I think they are more on Meta...something something platform, couldn't recall.

more winnings coming in for you..u can get back.

This post has been edited by countdown: Feb 6 2013, 02:05 AM

IB for option, last time I saw:

for each contract cost only 70 cents better than TOS in certain aspect. As for stock, IB charges $1 per trade provided each month fulfill a minimum quota of xx trades, if not a $xx dollar will be charged.

I'm not using IB but my friend.

no bro, I'm a newbie. TOS broker only allows me to day trade 3 times per 5 days rolling, so out of quota already unless I pump up my funds to $USD25k. I'm using limited funds because I'm still new to all these, only know some theories here and there, better to trade defensively. After few months, then I'll join all of you to scalp like no tomorrow .

let me kepochi on FB charts...hmmm quite reliable charts they have......

stopped out @ 456.75 of aapl...

yes, scalping is intense, once stop loss and profit target are set, they lessen the stress significantly, in fact just observe the first 30 min to 60 mins and then set the appropriate target, we can go to sleep already (said is easier than done ). If insufficient time, I'll just be a swing trader.

This post has been edited by countdown: Feb 7 2013, 10:03 PM

Aiming to exit before the conference.

Happy CNY or Happy Holiday to everyone

This post has been edited by countdown: Feb 9 2013, 10:22 AM

Ka-Ching yesterday at 478 of aapl. Closed position via mobile phone......not friendly platform.....no choice bsc on holiday....

Not sure what was going on, opened 480 call ATM, paper loss on last Fri n yesterday closed with profit including offsetting Fri's loss. Must check the Vega..., couldn't check frm mobile platform...

This post has been edited by countdown: Feb 12 2013, 08:20 AM

yes scalped aapl twice successfully (hit 450)...high blood pressure....I almost died .

This post has been edited by countdown: Feb 21 2013, 12:41 AM

aapl bridge is falling down, falling down x 2.....