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I have been receiving e-mails with questions that could best be addressed here. The value of this web site is that by asking your trading questions, no matter how simple they may appear, you help others share and learn too. I want you all to know that I am learning too, and that your questions might make me see things I was unable or unwilling to contemplate.
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If you feel that your questions are too simple, please note that I recognize we have gone quite complicated at times, but only your questions will help me address simpler material, for those that think of themselves as beginners.
I want you to know that I am NOT a business, I am a student of options trading and Elliott wave analysis. I have been trading options since 1995. As far as the Elliott wave analysis, I have been using it with mixed results, but I am fascinated by it, and keep on trying it out. I think that I have accumulated enough knowledge on it to have an opinion, but also I am very skeptical of it. So I keep on learning.
To read about my strategies you should get my papers in PDF format. We discuss them here, so you may want to go through them to follow our discussions better. This is all free, I do it because I want to share, but also because I want to learn from you.
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Click on: JISarPapers.zip
The pdf's will be downloaded to your disk, and expanded too.
Here are my video clips referred to in my blog, they are all dated:
http://www.pathometrix.com/Movies/
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5 comments:
Juan,
On the earlier Blog I mentioned the following;
“Since I have entered the LRCX, SBUX and DNA trades I have lost just over $500. Having been quite relaxed early last week, when I was down approx. $150-$200, this has been quite dramatic, considering that currently I do not have many positions on, in those trades.”
Today, IB is showing an improvement in the last two days. Mainly due I believe to DNA, although the figures could be wrong on the IB system, I shall have to wait until tomorrow morning for confirmation.
To be honest, I don’t know where I am with these three trades, after all the rollovers. However, the experience of having these three trades on has been interesting, because they have been such a low maintenance trade.. **Smiles**
Currently IB shows that I have made most of the money back, so I am back to square one. How that has been achieved, I am not really sure, as I understand the risk graphs, the volatility etc, but to lose the value a few days ago and for it to come back again, is rather strange. It is all rather odd… **Smiles**
When doing PCCRC's and their rollovers, it is very important to keep track of the trade in Platinum or equivalent software. Enter each leg individually and be sure to include the date of transaction.
Once you have done that, please post the trade URL. It is time we got a review of the LRCX, SBUX and DNA. The LRCX is now positive in my account too (boy we had a rough couple of days). The SBUX has always been a winner, but DNA is still not cooperating. I am bearish on DNA right now, but the stock must fall below 79 for the profits to show up.
I have not been able to rollover the DNA April puts. I might be assigned tomorrow or monday. If that occurs, I would simply CLOSE the long stock I will be assigned and STO May 90 puts.
Juan,
You should have rolled over on Monday, I believe,. The credit you would have got would have been an extra $50 per combination, compared to when I received on the Thursday. **Smiles**
I have been too laid back on the PCCRC actually, my own fault...
Best Wishes.
fortitude,
Post or e-mail your Platinum URL's on DNA, SBUX and LRCX.
It is time so summarize the facts on the PCCRC.
Juan,
SBUX entry was at $7.60 and after two rollovers, that breakeven is now at $5.65.
DNA entry was $14.30, realised $0.60 during the recent rollover, so the new breakeven is now at $13.70.
The info on the LRCX trade I instigated is some what unclear. I posted the combination and price bought, but can’t find your comments about the LRCX trade back in Jan 2005, where I think I posted the entry price. My hand written notes are that I took a $96.50 loss during the March rollover and then had an unrealized positive on the trade of $140.50 (Using the IB figures) During the March rollover, I realized $1.35. I am now showing a loss of $485 on the mid price figures currently showing on IB. The trade is valued at $7.55, so I guess my breakeven point is;
$7.55 + $4.85 = $12.40. approx.
That is about the best I can do with the maths… **Smiles**
The current profit on SBUX has covered the current loss on DNA and the LRCX trade is currently unclear, but the figures do seem to work out. Overall viewing my IB account the three trades are combined currently $300 down. This has been a laid back style of trading for me, probably too laid back, but that is how I have approached the PCCRC trades. In fact I haven’t even loaded them in Platinum… **Smiles**
Best Wishes.
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