Oct 20

option trader log 2014 10 16 profit $194

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 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.

Sep 17

simulated option trader log 2014 09 17

option trading malaysiaWins : 3 / 3

Chalked another 3 wins today. If in value, the profit was over $2,000 with the 3 trades, of course the no. of contract were higher than my usual. All these practices using my signalling rules are to prepare my myself mentally for upping my trades during live actual session. I could day trade too if I were to tank my account to over $25,000. These are the back-tests and practices I need to becoming a full time trader and to trade for a living.

Sep 16

simulated option trader log 2014 09 15

options trader malaysiaWins : 2 / 2

Continued to test my signalling rules for upping my trades, to trade professionally, to becoming a full time trader and to trade for a living. Practice make perfect. Back testing. Whatever you term it.

Yea, I won’t lie to you, becoming a full time trader, to able to trade for a living and to ultimately make money off the market consistently, is not a walk in the park. It requires mental strength to deal with pressures and failures and more importantly, emotions. Does this mean we only deal with psychology issues? A resounding “No”. As a full time trader, we need to deal both with psychology and technicality issues. There is no secret about that. Successfully traders take emotions out from their trades while finding trading opportunities with his technical knowledge while following rules. Enough said about that, the whole point of this paragraph is, “Practice make perfect.” Rules and technical knowledge, I have, it’s the psychological outbursts, the emotions, that I need to keep out from my trading mindset. That, I need practices.

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