Irrationally mad decision making to obtain the American Dream.

Posts tagged “trading options

Trading Competition with my sister – Sept. 15th – Dec. 1st 2011

So me and the big sister are in a competition to see who’s account will double first for the next two months. I was currently up 25% but just got hit -50% with the latest swing in the market upside playing puts. My goal is to take $2000 to around $4000+. If you would like to join the competition post a comment and be ready to show your brokerage statement Dec. 1st.

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Amazon (AMZN) earnings and the markets

I’m not too surprised to see another internet technology stock do well. Amazon.com is talked about in this book I’m reading by Chris Anderson called The Long Tail (Economic studies). It’s basically about how the internet has created many unique small niches taking over major generic genres that have consumed the markets basically because consumers on had a few choices being mainstream. Now with companies such as AMZN and AAPL and many other companies that offer huge selections consumers can choose what they really want to read, listen, or watch. It is also a reason why cable just isn’t what it use to be. AMZN earnings will likely keep going up in a down market because it doesn’t have typical Wal-mart (WMT)or BestBuy consumers buying mainstream products.
It’s buyers are searching for specific unique products in which AMZN offers millions of products in which it really doesn’t just offer only a few mainstream productss, but many small categories that add up very quickly to create bigger sales at the end.

I think this boost from $50 to $59 (18%) will slow come down, but AMZN’s stock within the year will likely go back to $60, 70, 80 dollars if it keeps proving it can make solid sales during a depressed time.

For a article on AMZN check out
this blog piece done by the WSJ
author.

As for the markets in general they continue to go sideways in volatile ups and downs. AMZN daily chart looks like it is has now two major points creating an uptrend. One more point and will have a full line moving it up so I’m going to keep watching it closely. Other stocks moving sideways constantly are FSLR, SWN, AAPL, GOOG, QQQQ’s.
No real breakouts have happened. There is just too much negative news on unemployment, oil, and bailout bills to let the market change. I don’t think Obama’s new stimulus package is really going to help if not just worsen our economy even more in another 4 years due to adding on more trillions in debt. What this country needs to do is start being disciplined and obey rules instead of paying to break them (meaning getting rid of washing DC lobbyist and putting bad businesses out of businesses instead of giving them money to stay in business).

-fn


Amazon (AMZN) earnings and the markets

I’m not too surprised to see another internet technology stock do well. Amazon.com is talked about in this book I’m reading by Chris Anderson called The Long Tail (Economic studies). It’s basically about how the internet has created many unique small niches taking over major generic genres that have consumed the markets basically because consumers on had a few choices being mainstream. Now with companies such as AMZN and AAPL and many other companies that offer huge selections consumers can choose what they really want to read, listen, or watch. It is also a reason why cable just isn’t what it use to be. AMZN earnings will likely keep going up in a down market because it doesn’t have typical Wal-mart (WMT)or BestBuy consumers buying mainstream products.
It’s buyers are searching for specific unique products in which AMZN offers millions of products in which it really doesn’t just offer only a few mainstream productss, but many small categories that add up very quickly to create bigger sales at the end.

I think this boost from $50 to $59 (18%) will slow come down, but AMZN’s stock within the year will likely go back to $60, 70, 80 dollars if it keeps proving it can make solid sales during a depressed time.

For a article on AMZN check out
this blog piece done by the WSJ
author.


the market screams! -700pt drop! what’s next?

watching Fox News they made some points such as wall street is having a fit over this bail not getting finished. for the most part i do believe they are just having a fit, it is just gloomy and rainy right now, but one something is stuck and works for “everyone” not just helping bankers the sun will come out. everyone will be happy, inflation will rise, oil will continue to go up, the president will just talk jargon politics, and life will go on in America.

i have to admit watching the tv screen with the DJIA dipping below -700pts shocked me. i’ve never seen it dip so much. tis true though that the stock market crash of 1929 which everyone keeps referring to, including the president, says we are nearing a depression. well if that was true then the markets would have to drop -50%!!!! the markets have currently dropped between 10-20%.

i didn’t get in any practice trades today either. i would assume the market will keep falling until a bail is passed. i suppose anyone that traded RIMM puts before earnings made truckload of money. earnings are always 50/50. i’ve learned my lessons and anyone that thinks they no better will be humbled by the market when their time comes…


call options plays worked +45%, RIMM drops hard after earnings release, stocks bottoming

the market seemed to get more optimistic today. warren buffet’s edgy deal profiting from Goldman Sachs (GS) couldn’t hurt. without even looking at my charts i know that congestion would be shown with stocks starting to break out. after the market today Research in Motion (RIMM) dove down on earnings. it just shows how unpredictable stocks are releasing earnings. stocks across the board are down a lot and i’m curious if investors fear more after RIMM’s -20% drop. i do know also the Republican party threw out the bailout plan Democratics were happy with. i’m sure this creates some room for panic and turbulance in the markets as well. i will likely be practicing put options tomorrow unless the bailout plan is passed through law and okayed by everyone. should Fed bernaneke really be taken serious? if he just gave “why” an answer with “facts” rather then just vague statements i think everyone would take the Fed more seriously.

see below call option plays closed today:

call option plays

call option plays


closed out of put option practice plays +97% and got into a few call plays. even though i’m not for bailing out bad business, it’s sure to make the market jump once it’s completed

i don’t think any tax payer wants this $700 billion bailout plan passed. the media and congress is doing a superb job at trying to make the American public fear hell is near if they don’t do it. like i said before a failing company that does not know how to manage billions of dollars should not be bailed out and given second chances, nor should any CEO walk away with a fist full of money. my put option practice plays are still working as you can see. this brings me to the point that there is still real uncertainty on wall street, investors are worried this bailout won’t get fixed fast, and that the downtrend has not stopped. some positive’s i have picked up on is that stocks are holding ground. i think Visa corporation (V @ $65) might benefit from the bailout plan as well if it includes credit card debt which it will if congress gets their ways. i noticed it actually moved up some from financial stocks. regardless, people will keep spending on their credit cards and Visa will take its small transaction cut. actually if you think deep about this credit card companies should be having a great year if more entrepreneurs and consumers are charging on their credit cards instead of taking out loans (if getting loans are tight, which i think is just hype in the markets trying to get Americans to fear more). Hansen Company (HANS) also stood out up almost 8% and is showing that it is a great company. on my boat all the workers drink up that shit like it’s candy (monster drinks), i suppose it is candy with all that sugar. see my closed put option plays below and my new call plays i think will jump high the fastest IF the bailout plan is completed this week (of course that is if Americans don’t get any smarter and don’t stand up against this bill that will make THEM PAY for something they didn’t fuck up on).

closed put plays +97% profit:

put option practice plays

put option practice plays

new call plays i think will work (especially if bailout plan is finished quickly for wall street):

trading a few calls on notable companies

trading a few calls on notable companies

you know one thing i am worried about is the ban against short selling and against put options on financial stocks. this is crazy. plus this just takes away one of my most powerful ways to earn money in the markets while it is doing bad and i’m playing it understanding that it is falling.


some big money is going to be made with these stocks priced right

predictably the DJIA plunges again after the small run yesterday. i’m definitely going to be in the markets actively trading once the new President elected and markets start to stablize. seriously, stocks are priced extremely low, most under book value, all mostly have PEG’s of below 1.00, and they are still money earners such as:

ICE, NYX, GOOG, AAPL, RIMM

Also a simpler play to play all these nasdaq stocks with be the QQQQ’s. I can’t wait!!! i’m talking about huge HUGE call option trading plays once the time begins to be right to BUY. not now of course, all my practice put plays are making great returns, but in the near future. i’m talking about 1000-5000% returns likely to be realistic especially playing way out of the money on a stock that moves extremely fast up and down like GOOG.


call option practice play worked – for short plays +64.80% return

So looking at the charts the day before my instincts were that the following day would go up again two days in a row. I think friday stocks will likely fall, but I can be wrong. I was definitely right about this two day short call play.

I also have another theory that since today is September 11t the aniversary of 9/11 that IF there were no terrorist attacks today then the stock market would rally. It definitely rallied after the times of the historical attack on USA soil. So this brings me to a conclusion that IF the market keeps going up big analyst and financial institutions were waiting to see if an attack would happen. So if this thoery is true at all the market should keep going up regardless or go up or down for many other reasons it moves.

see below +64% ROI for 2 day trade on CALL plays

up 64%

up 64%



to the one-a-be billionaire duschebags (if that’s how you spell it)

so you want to know how to become a billioanire…..(thinking)……marry one duschebags! it’s a no brainer. okay, you want to make a billion your first year in business by yourself that’s realistic right? most definitely if you are a super perfect trader with tons of capital to use and not lose.

i posted a “how to become a millionaire” and “how to become a billionaire” postings. well, it’s where i get 99% of my traffic searches off the web. it’s halarious some of the comments i get. i have to admit i thought i was aggressive and ambitious when i was 19, but i have 14-17 years telling me they want to make 1 million their first year from a business. i think it’s all these Tv news shows showing just 1 teenager striking it rich with a ridiculously lame teenage trend idea then you get swarms of the suckers pouncing around the internet so young and dumb and dreaming about becoming a wealthy teen with the bling bling. i absolutely love it and want to puke and choke on my own puke while continually puking!!! =) it seems everyone wants to be rich but not have any financial sense or actually real study getting to it. if any of these duschebags just read a few of my blogs on real life money consequences they’d learn that it is a challenge and secondly you can’t give up when you just fail big, or monsterously huge.

so you wanna be a billionaire 15 year old out there in cyberspace not even legal to trade options??? while you are reading this blog asking me finance questions and don’t even hesitate to search my blog so you can actually comment with something intelligent to say so i’d have a realistic finance ninja answer for you. geeze.

i’m still 100% gun-ho. if you are legal and you can trade options and you are 100% pure genius and perfect trader i feel options is a poor persons way with barely any capital and can hit a million. i got close to my goal but fucked myself over by over trading and not withdrawing big profits. i still haven’t learned and i’m 27. i guess my IQ is not as great as yours 13 year old who earns $250k a year on your electronics firm, but oh yeah i forgoet your asking me for advice? clearly you are a fake. but i dug your comments.

you know what I WAS DOING AS A TEENAGER in the mid early 1990’s when the internet was just text and pamelas anderson nude pictures? i was in cyber old school chatrooms. talkin up the latest alternative music (when rock was awesome), downloading porn (what teenage male didin’t?), and becoming a super internet-computer geek. what happened to just being a teenager on the internet. AIMing all your friends and posting crazy “away” messages?

-fn


Got sold out of my SWN SEP 40 Calls +25% – is there a point to continue blogging?

Well I got sold out of my SWN 2008 SEP 40 Calls at my GTC order @ $8.10 bought @ $6.10
It was a good thing since we are likely not to have internet access on the boat due to AC down so we have to keep all the machines off. Boy is it hot at work…..right now inside the ship its like 85-90 degrees with major humidity. I try to go outside as often as I can to get fresh air. Hopefully this will only last a week at work. This reminds me of my camp counselor days working the summer in hot hot humid wooden cabins with bitching campers. I sure would not do that again and the pay absolutely sucked. Definitely an experience, but no need to do it again.

I’m starting to get sick of blogging. I still have not picked up a huge following like I thought I would have. I suppose my financial investing for most people reading is considered too risky or too not the typical american turtle style investing with small amounts slowly over time with the idea to retire at 50-60 something. My idea is to retire at 20-30 something. Why not? Should I even keep blogging? At first I was doing this to log important market events to help me remember what moves stocks, but I’m unable to keep up with it. It’s become more of a chore then fun.

I definitely can say the market recovered after slamming down in January 08′ and that Cisco positive earnings should likely keep the market moving up. At least this is my opinion.

Still in V May 85 Calls currently up around 17% even with the rest of the market falling. I’m sure all the stocks will rebound back up again making Visa actually move harder since it is resisting coming down right now.

My SWN order completed: 5/7/2008 12:50:04 PM (ET):
Symbol: .SWNIH
Description: SWN SEP 40 Call
Stock: SWN at 44.93
Action: Sold To Close
Quantity: 2 contract(s)
Price: $8.10
Commission: $14.95
Reg Fees: $0.01
Net Amt: $1,605.04

Paid $1200 + $400 profit.
ROI +25%


Bought SWN SEP 40 Calls – buying on the pull back.

As everyone knows oil is hitting 120’s and keeps moving higher. I really like SWN and its almost up 50% after its 2:1 stocksplit. Recently its gone up from earnings and this definitely looks like a reasonable pull back before it dips below the open from earnings. It is clearly a bullish signal after the stock has fallen two days so I bought one in the money call because that is all I could affoard.

4/29/2008 1:06:55 PM (ET):

Symbol: .SWNIH
Description: SWN SEP 40 Call
Stock: SWN at 41.71
Action: Bought To Open
Quantity: 1 contract(s)
Price: $6.10
Commission: $14.95
Reg Fees: $0.00
Net Amt: $624.95

Plan to sell at $8.10