Oct 26

option trader log 2014 10 24 loss $176

options trading malaysiaUnderlying Stocks : NFLX & TSLA

Strike : 380 Put & 235 Put

No. of contracts : 4 & 2 contracts

Enter/exit price : 3.10/2.28 & 1.30/2.00

Holding time : n/a

Net Loss : $176

Made 2 trades using my trusted signalling rules on Thursday and Friday, one win and one loss.

For NFLX, I held overnight and I didn’t sell off the position. Came Friday, the loss widened. That’s the lesson, don’t hold overnight unless you really really sure about it, and not just HOPE i.e. hope the position would reverse in your favour. And in trading, nothing is sure unless you can control or influence the market. If you are just a small potato retail trader like myself, not even qualify to calling myself a full time trader / option trader in Malaysia,  then, maybe just then, stick to your trading rules and plan.

Did better with TSLA, day traded on this and made profit of $157, cutting overall losses to under $200.

Oct 21

option trader log 2014 10 21 profit $48

options trading MalaysiaUnderlying Stocks : TSLA

Strike : 230 Put

No. of contracts : 2 contracts

Enter/exit price : 2.40/2.65

Holding time : 4 mins

Net Profit : $48

Was a bit sceptical on the movement of the market today. $INDU looked going up, but TSLA signalling rules pointed towards down trend after climbing in the opening 15 minutes. Did not hesitate to open a put position when the signals were aligned. $48 in 4 minutes. Great, but I did have shorter holding time than 4 minutes. Sticking to the trading plan towards becoming a full time trader and option trader in Malaysia, one trade per day to keep the composure.

Oct 20

option trader log 2014 10 16 profit $194

20141016 IBUnderlying Stocks : AMZN

Strike : 297.5 Call & 300 Call

No. of contracts : 2 contracts each

Enter/exit price : 3.60/4.00 & 3.10/3.70

Holding time : 2 mins & 8 mins

Net Profit : $77 & $117

Managed to scalp the market for small profits during the roller-coaster ride of the market today, using my signalling rules of course. Both trades were on call options and on AMZN. Both the time, closed at pre-set exit price, and both the time, could easily earn $200 more from each trade if I had held on between 2-5 minutes more. Still an amateur of not letting the profit run. But, towards becoming a full time trader and option trader in Malaysia, we have a trading plan and have to stick to the trading rules. Didn’t mind the small profit, as long as consistently make profitable trades, the money will come. Yes, it will!

Oct 16

option trader log 2014 10 16

option trader MalaysiaUnderlying Stocks : AMZN

Strike : 297.5 Call & 300 Call

No. of contracts : 2 contracts each

Enter/exit price : 3.60/4.00 & 3.10/3.70

Holding time : 2 mins & 8 mins

Net Profit : $77 & $117

Managed to scalp the market for small profits during the roller-coaster ride of the market today, using my signalling rules of course. Both trades were on call options and on AMZN. Both the time, closed at pre-set exit price, and both the time, could easily earn $200 more from each trade if I had held on between 2-5 minutes more. Still an amateur of not letting the profit run. But, towards becoming a full time trader and option trader in Malaysia, we have a trading plan and have to stick to the trading rules. Didn’t mind the small profit, as long as consistently make profitable trades, the money will come. Yes, it will!

Oct 13

option trader log 2014 10 13

options trading MalaysiaUnderlying Stocks : AMZN

Strike : 312.5 Call

No. of contracts : 2 contracts each

Enter/exit price : 3.60/4.20

Holding time : 3 mins

Net Profit : $118

Today is more like it towards becoming a day trader, a full time trader using options trading in Malaysia. A hit and run trade. Was emotional controlled too. Perhaps, fresh over the weekend break. The signalling rules were a go on AMZN when opening the trade. And the spikes on the green candlesticks just got higher and higher thereafter. Did not get greedy and did stick to the trading plan and made $118 in under 3 mins. Had I moved the target sell price, I would be cursing myself after as AMZN and DOW fell after that, about 5 mins later. Phew…. great escape.

Oct 13

option trader log 2014 10 08

options trader malaysiaUnderlying Stocks : TSLA & NFLX

Strike : 265 Call & 457.5 Call

No. of contracts : 2 contracts each

Enter/exit price : 3.10/1.95 & 2.05/3.50

Holding time : 51 mins & 45 mins

Net Profit : $55

Heck, couldn’t remember what happened for for these 2 trades, just remembered that I made the wrong choice for TSLA, but stayed on and only cut loss when my position hit -$200. Then opened another trade almost immediately with NFLX. Ended up with a profit of $55. Mistake #1, did not cut loss at pre-set level of $100. Mistake #2, hope; yeah, I remembered hoping TSLA would rebound. In the end, I “switched” position to NFLX because I interpreted that the signalling rules of NFLX was likely to rebound than TSLA. Mistake #3, linking losing trade with a new trade because I “swtiched”. Ya, the switch paid off, but the mentality of trade was wrong. Hmm…! How to ever become a full time trader using options trading in Malaysia?

Oct 13

simulated option trader log 2014 10 09

options trading malaysiaWins : 1 / 2

Another simulated trade I made last week. Whilst the winning ratio was that great, one loss and one win, but the winnings was big in term on monetary value.

Oct 02

option trader log 2014 10 02

options trading malaysiaUnderlying Stocks : TSLA

Strike : 250 Put

No. of contracts : 2 contracts

Enter/exit price : 2.95/3.50

Holding time : 5 mins

Net Profit : $107

Stayed on the sideline last session when DOW was down over 200 points. I thought to myself, there must be scalping opportunity today. TSLA was up more than $12 in pre-market due to favourable news about their class action law suit. All signalling rules including DOW were heading downtrend. Did not hesitate to follow the trend. Opened the trade and game over in less than 5 minutes. A winning trade in deed. Options trading in Malaysia is fun. Can go to sleep after blogging this.

Sep 30

option trader log 2014 09 30

options trading malaysiaUnderlying Stocks : NFLX

Strike : 445 Put

No. of contracts : 4 contracts

Enter/exit price : 1.42/1.65

Holding time : 16 mins

Net Profit : $90

My signalling rules weren’t wrong when I needed to average my position for this trade. My charting system did not promise to buy at low and sell at high. Sometimes, you’ll need to make an impromptu decision whether to cut loss or to hold by looking at the charts. For this trade, I decided the latter. The move paid off as I did not get emotional when the trade turned against me for a while eventhough the signals were correctly interpreted.

Sep 30

option trader log 2014 09 29

options trading malaysiaUnderlying Stocks : AMZN

Strike : 325 Call

No. of contracts : 2 contracts

Enter/exit price : 2.10/2.45

Holding time : 6 mins

Net Profit : $68

Ditched my simulated trading, and went live trading. It was time! Time to trade, but not the time yet to increase my stakes, so 2 contracts it was. And so was the peanut profit of $68.

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