i'm starting this thread to put up charts that I think will catch a double in the options or at least 50% move 200 x 2=400 400 x 2=800 800 x 2 =1600 1600 x 2 =3200 3200 x 2 = 6400 6400 x 2 =12800 12800 x 2 = 25600 25600 x 2 =51200 51200 x 2 = 102400.00 is it possible, sure, probable??? the most I would risk on an options trade is 2000.00 unless i'm sure i'll catch the bottom or the second pullback, we'll see how it goes
i'm in the amln feb 40s at .85 the aig feb 70 at .33 I feel better about the amlns even though I don't like drug stocks
http://i5.tinypic.com/2d9p8d1.gif this is a 50 day chart I think there will be selling st 69.00 but it has a shot a 70.00 got upped to 82.00 today
I'm looking for stocks that look like july aug part of the chart, the august pullback after the trendline break should be a double with little risk somedays I look for that pattern on a 10day or 20 day chart but i'll dump quick if I think i'm wrong
It is nice to pretend that you will never have a losing position Makes it easier to get to that million lol... Remember if you lose you might lose most of your premium invested and therefore have to start all over again perhaps. Most investors always overlook what happens when they lose money or never think that they could be wrong about a position.
I just put the 200 to 100,000 up for an example, I have no doubt that some of my trades won't work and I probably wouldn't risk more then 2000.00 on any option, so in reality my example can't work in the amount of trades I put up but it is possible for someone with capital to take the risk a 5000.00 investment when amln ran last week would have reached my goal in a week they were .13 went to 2.75 as far as losses go I've taken plenty, and I know I can be wrong more then right but I also know my risk,
I doubled on the amlns when they went down on friday and averaged in at .68 then I dumped them yesterday at 1.00 sold the aigs for a 50.00 profit look at what can happen to even the worst of options http://i5.tinypic.com/2qi19jo.gif I watched amln move a good bit in last couple days, its .40 to 1.15 more then 4 times and the puts did the same I was looking at 30% moves in these options which is not that hard to get and you could do pretty well starting with a 1000.00 and grabbing 30% looking for an ostk type move