HowardCohodas Index Options Credit Spread Trading Journal

Discussion in 'Journals' started by HowardCohodas, Dec 30, 2010.

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  1. Reminds me -- I need to open an OpEx account. They're being acquired by Schwab, so I'll later become a Schwab customer via the back door. I had an account at Schwab for a while but closed it because I was annoyed they wouldn't remove a nuisance fee (for a wire transfer, if I recall)... I can't reopen with them directly without (in my own mind) losing face, so OpEx is a dignified way back in. It's useful, for several reasons, to have at least some money with all the name-brand brokers.
     
    #951     Apr 21, 2011
  2. How did you determine the ToS delay?
     
    #952     Apr 21, 2011
  3.  
    #953     Apr 21, 2011
  4. Howard

    By taking a FREE one month Options Xpress account and comparing the prices of XTREND and TOS that I was getting.
     
    #954     Apr 21, 2011
  5. What instruments? Options, equities, futures, ...?
     
    #955     Apr 21, 2011
  6. Options for SPY and OEX indexes.

    Ran the Option Chains parallel for several weeks.
     
    #956     Apr 22, 2011
  7. Desktop application or browser based?
     
    #957     Apr 22, 2011
  8. Do you use a PC or Apple?.
     
    #958     Apr 22, 2011
  9. I use some kind of PC made by the Chinese I think? Got it cheaper as a Spanish keyboard. Have some others, but they are old and have been repaired with junk parts so many times, not sure what they are nowadays. I use Firefox and use TOS web based cash money system and also a funny money monopoly system.

    Got the cash account going April 1st. But it took three weeks to get a trade signal in the OEX for the cash account. So far this month of April, only 1 trade.

    Starting capital $10,000

    Trade April 20th in the OEX

    5 contracts MAY Calls, market order at $8.60 sold at $9.70

    Gross $550 Net after commissions -$29.50 = + $520.50

    ROI 11%

    Account improvement 5%

    New Balance: $10,520.50
    ________________________

    It was my first trade in REAL MONEY so I was nervous and conservative. Next time will COMPOUND.
     
    #959     Apr 22, 2011
  10. Hijacking HoCo's journal, to journal your own trades?... It doesn't cost anything to start a new thread...
     
    #960     Apr 23, 2011
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