No, not on the brokerage fee. The fee is another factor but not a MAJOR reason.
My brokerage fee is flat $4.95 or $2.50-3.00 (depending on broker)


Cheap entry - let me illustrate to you via Apple.

Assume you have $2000 to trade that Apple will hit $600 in 2-3 months time

BUY Apple stock @ $579/a piece now means u can buy 3 shares (579 x 3 = 1,737)

Now go LONG or Strike.
Target SEPT 2012 @ 700

$8.21 x 2 Options = $1642. So now you have a total of 200 "shares". So 2 shares vs 200 shares > That's where the "cheap" concept kicks in.

BUT WAIT - don't get over excited. Options is very dangerous.

Assume the price hit $600, so your main stock gained : $21x2 =$42 less brokerage
Options assume around $12, thus making it $3.79 x 200 = $758 - less brokerage.

I'll be trading two stocks tonight. Got 1/2 filled for MPEL yesterday @ 12.
P also got a buy signal. So, I'm going for it.

Still watching FB.. too many short sellers at the moment. I'm putting an alert for it when it hits $25.

, ok I force to lower my average cost on FB.

Why? You've already jumped in?

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Added on May 31, 2012, 9:50 pmGot another 1/2 batch filled for MPEL @ 11.



This post has been edited by danmooncake: May 31 2012, 09:50 PM

yea at 32, but not much l bought.

Queuing for LVS @ 45.50.. no hit yet.

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Added on May 31, 2012, 10:24 pmFilled LVS 45.50 @ 1/4 position.

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Added on May 31, 2012, 10:31 pmGot P filled at 10.20 @ 1/4 position.



This post has been edited by danmooncake: May 31 2012, 10:31 PM

LVS Q at 45, still waiting to be filled.

MPEL OMG OMG... din't get any at 11$ as I confidently deleted the BUY Q thinking it will not hit that.

NFP explode

Fireworks tonight

Here comes the Jobs numbers for month of May. It's bad..

May Non-Farm Payrolls only up 69k (vs 77k revised for April).
Private Sector: 82k (May) vs 87k (April)
UE rate: 8.2% for month of May vs 8.1% (April).

We're going down another level here.

Buying the dip tonight?

No, 'coz I've already bought some at low of the day yesterday. But, I'll be watching the support level to see if it hold or bounce off first.

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Added on June 1, 2012, 11:13 pmRelative to $SPX and $DJI, so far, I'm playing these trio.. MPEL, LVS and P.

MPEL at 11~11.25
LVS at 43.75~45
P at 10.20~10.25

Watching FB 27.66 ~ 28.88 (will continue to wait for $25 before making move)

This post has been edited by danmooncake: Jun 1 2012, 11:14 PM

wow! quite serious sell down...
LVS down 8%?....

FB is heading its fv of 13.

Got stop out from LVS @ 43.50..
Still holding on P and MPEL.

Wake me up first when FB touches 25.

If FB gets to $13, then STRONG buy.

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Added on June 2, 2012, 4:38 amGot out from P...

Closing for June 1st evening.

Dow 12,118.57 -274.88 -2.22%
S&P 500 1,278.04 -32.29 -2.46%
Nasdaq 2,747.48 -79.86 -2.82%

It's a sell everything for the weekend folks..
Even commodity like crude also getting crushed.
Oil 83.290001 -3.24 -3.74%

This post has been edited by danmooncake: Jun 2 2012, 04:38 AM

maybe aliens attack the earth this weekends....or, they just stopped by to congratulate our ah gong's birthday.

glad im empty handed now dow drop so bad

Not really in panic mode yet.. but I'll watch for a GAP down (yes, I would like that to happen) Monday evening, and if it happens, then I'll buy into this gap down. My indicators are showing the weeklies and monthly into oversold condition already. It will bounce up soon then I'll sell into the rally for quick profits later.

This post has been edited by danmooncake: Jun 3 2012, 09:28 PM

empty full of cash can grab low mar
easier to profit frm a drop compare to a sideway mkt.....

Hi everyone, do you guys trade mostly options or trade stock ?

New guy here :-)

May I ask, what trading platforms do most people prefer or use? I am finding an affordable one with okay or good service. Just2trade I think is offering the cheapest fee but I saw negative comments about this platform. Anyone can bring me to a right direction?

I'm using optionsXpress, referred to by a friend and the commissions for options is kinda cheap