Sep 10

simulated option trader log 2014 09 10

option trading MalaysiaWins : 3 / 4

A bit frenzy today on the simulated options trading. You can see by the results and quantum of the trades. Were the signalling rules not working? Well, couldn’t blame the signalling rules. There was a saying, “Intel inside, idiot outside.” Well, today, I was the idiot outside. Got into the first TSLA trade when only 2 of the 3 signals were hit. And it went against me thereafter. Didn;t even bother to close off the position as you can see from the huge loss.

Did not feel agitated, moved in for the 2nd, 3rd and 4th trade. These results are what you get when you follows the rules!

Sep 10

simulated option trader log 2014 09 09

option traderWins : 2 / 2

Did two simulated option trading by going long and with bigger stake to prove test my signalling rules. Though they were winning trades, but the timings were a bit off as I needed to hold longer and both positions went into red before recovering. I would have cut loss, but held on and both positions went back to green, winning trades.

Thought of bringing up my stakes by buying into more contracts in actual option trading. So, simulated it before going live. Better safe than sorry. Part and parcel towards being a Malaysian full time trader.

Aug 27

option trader log 2014 08 27

option trading MalaysiaUnderlying Stocks : AMZN

Strike : 342.50 Put

No. of contracts : 2 contracts

Enter/exit price : 2.30/2.70

Holding time : 5 mins

Net Profit : $77

My second winning option trading Malaysia trade on my return. Shorter holding time and a bit higher profit. DOW was lingering between green and red on my IB trading platform, but chart’s signalling rules pointed towards downtrend. So, was hunting for a put position rather than call. Generally, market was on downtrend, and trend is our friend. Did not want to try out-smarting the market. So, waited patiently to open a put position. AMZN was about +2 when I opened my put contracts. True as it was, the force of the market dragged her down, and up went my put position in matter of minutes.

Aug 27

option trader log 2014 08 26

option trading MalaysiaUnderlying Stocks : BIDU

Strike : 217.50 Call

No. of contracts : 2 contracts

Enter/exit price : 2.05/2.35

Holding time : 6 mins

Net Profit : $58

A bit rusty after some time off from trading. Glad that the chart’s signalling rules did not fail me on my return.

Aug 05

full time trader log 2014 08 05

option trading in malaysiaUnderlying Stocks : BIDU

Strike : 217.50 Call

No. of contracts : 2 contracts

Enter/exit price : 2.90/3.40

Holding time : 13 mins

Net Profit : $98

Was sleepy but want to trade. Same as the previous BIDU trade, the stock looked battered by the index today. As it reversed as indicated by the chart’s signalling rules, moved in waited for the kill. But had to wait 13mins. The position was always in the green but too low the profit. 13 mins later, it rebounded and soared.

Aug 04

full time trader log 2014 08 04

binary option MalaysiaUnderlying Stocks : TSLA

Strike : 232.50 put

No. of contracts : 2 contracts

Enter/exit price : 2.90/2.95

Holding time : 75 mins

Net Profit : $8

The charting signals were a bit vague today. Took a risk by opening TSLA puts. Thought market would go down after dangling on the borderline for quite some. It continued to do so after I opened the TSLA position. TSLA did go down but I shifted the target price (and market knew!!). Punished me by having me constipating for the next 65 mins as my position was slowly moving in red. Held on till my position returned to breakeven position and quickly sold them off as the chart signals appeared to be moving against me again. Well, I still considered it a good closure because it was NOT a losing trade. Options trading Malaysia, anyone?

Jul 31

full time trader log 2014 07 31

binary options MalaysiaUnderlying Stocks : BIDU

Strike : 215 Call

No. of contracts : 2 contracts

Enter/exit price : 2.40/3.00

Holding time : 6 mins

Net Profit : $117

Market was going down but still make money by trading call options. That’s the wonder of the signalling rules and the charting system. Looked for fundamentally strong stocks on technical rebound in this market condition. BIDU just posted strong earnings and was moving up the previous sessions. Good fundamental stocks would almost always rebound after being battered by the index, for today, it was the $INDU.

Jul 29

full time trader log 2014 07 29

binary options malaysiaUnderlying Stocks : AMZN

Strike : 320 call

No. of contracts : 2 contracts

Enter/exit price : 3.88/4.30

Holding time : 3 mins

Net Profit : $81

Thanks to the signalling rules, pocket money during this festive season.. “duit raya”.

Learnt the lessons, don’t be greedy OR the market will know! Took in $81 in 3 mins and logged out from the IB trading platform. No eyes to see. Don’t be saddened by the profit not earned, opportunities will come again. Stick to the rules and we will all be fine. It’s not about being bold or being courageous, it’s about following the trends and rules of the market. As long as I make money, that’s how I should be trading. Options trading Malaysia, hell ya!

Jul 25

full time trader log 2014 07 25

option trading MalaysiaUnderlying Stocks : TSLA

Strike : 225 call

No. of contracts : 5 & 4contracts

Enter/exit price : 1.45/1.65, 0.85/1.25

Holding time : 3hrs & 22 mins

Net Profit : $96 & $125

More like weekly trading log now. Traded only twice this week, yesterday and today (how to become full time trader?). Both also on TSLA. It was a longer hold yesterday, spanning over 3 hours, was in the red in the beginning as I did not follow my signalling rules. Averaged the position before closing the positions at $96 profit,

Today, it was the same story, but took shorter time of 22 mins to pocket $125. Also needed to to do position average because was stupid and greedy. Yea, you heard it right. GREEDY! First 2 contracts was making over $90 but was too greedy to close it off. Could have close the position in less than 5 mins, but was greedy and TSLA just nose dived after that. Soon, green became red and needed to do averaging when saw the reversal signals from my chart. Guilt kicked in when the call options turned green, wanting to get out when target price was about to hit; did not let profit to run. But, it was good feeling pocketing the $125. Options trading Malaysia, hell ya!

Jul 17

full time trader log 2014 07 17

options trading MalaysiaUnderlying Stocks : GS / TWTR / TSLA

Strike : 177 Put / 37 Put / 227.50 Call

No. of contracts : 4 / 10 / 2 contracts

Enter/exit price : 0.80/1.25, 0.51/0.58, 1.85/1.75

Holding time : various

Net Profit : $176 / $57 / -$22

Been lazy to blog lately. Hope this is not the dawn of an abandoned blog site. Anyway, did a few trades this week. 2 winning positions and 1 losing one. Who says my signalling rules will win all the time? There is no trading holy grail, period.

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