Nov 20

option trader log 2014 11 20 profit $63

forex binary options malaysiaUnderlying Stocks : NFLX

Strike : 367.5 Put

No. of contracts : 1 contract

Enter/exit price : 3.50/4.15

Holding time : 24 mins

Net Profit : $63

Eyed NFLX for some time until the signalling rules were aligned. NFLX was up quite a bit when DOW was in negative territory. NFLX was up quite some time before the chart signals moved sideways, wanted to move down. I opened the position there and then, and it moved up a little before back down. My 1 put contract was almost always in green, just that the profit was too small to close off that position. Waited another 10 mins before I saw the longer red candlestick. This was it, entered my exit limit price and went to have a sip of water. Was gauging down and heard the ta-da sound. Yes, order was filled! That’s options trading, folks, trading from Malaysia.

Nov 19

option trader log 2014 11 19 profit $836

forex binary options malaysiaUnderlying Stocks : AMZN / NFLX / TSLA

Strike : 327.5 Call / 380 Put / 255 Put

No. of contracts : 2 contracts each

Enter/exit price : 3.05/3.45 / 2.68/3.10 / 2.90/6.30

Holding time : 12 mins / 3 mins / overnight

Net Profit : $77 / $81 / $678

1 trade per day, so 3 trades in 3 days. Good to see all the green cells, 3 wins out of 3. Thank you for the signalling rules and God bless. AMZN and NFLX were nothing to brag about, spot-on technical plays. TSLA on the hand, was a bad trade turned good kinda thing; held overnight for this one. Opened TSLA when signals were all good but it was one of the days where good signals didn’t eventually turn up. Instead it turned side-way, slowly and gradually turned against me. Hence, the overnight position. It turned out to be a blessing, TSLA was down more than $7 in pre-market as Morgan Stanley cut TSLA’s earnings estimate. And came the $678 profit.

Nov 14

option trader log 2014 11 14 profit $128

option trading malaysiaUnderlying Stocks : AMZN

Strike : 317.5 Call

No. of contracts : 2 contracts

Enter/exit price : 1.15/1.80

Holding time : 5 mins

Net Profit : $128

After almost a 3-weeks hiatus, started trading again today. Opened the AMZN position when the signalling rules were aligned, and almost wanted to close the position immediately as it hit my target profit of a lowly $60, but held on. Defied my previous lesson and continued to hold and kept calm as chart signals still pointed uptrend. In less than 5 minutes, the profit was almost doubled my initial target. With the slightest hint of reversal from the signals, I immediately closed the position. Only matters of seconds later, it rebounded huge and continued its up trend and the option price escalated to $3.00, then $4.00, then $5.00. Just a quote to relief myself, “amateur traders chase gains, professional traders minimise risks”. Sigh..

Nov 08

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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?

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