Just the place I'm looking for....trading options. Let's gamble. Already put in 2 trades below. My ViewSort by Underlying stock Expiration Security Type Strategy Securities Symbol Description Stock Qty Avg Price Price Change Value Gain/Loss $ Action HPQ NovWk4 27 PutHPQ NovWk4 27 Put HEWLETT PACKARD CO 26.83 3 $1.31 $1.30 0.65 $390.00 -3.00 PSS Dec11 14 CallPSS Dec11 14 Call COLLECTIVE BRANDS INC 13.62 3 $1.05 $0.95 -0.05 $285.00 -30.00 Total: $675.00 -33.00 -------------------------------------------------------------------------------- Total Gain/Loss: -33.00 Total Cash: $2,011.98 Account Value: $2,686.98 My account just completed set up and funds wired in last week are finally set to trade. Yep, only $2,750.00, but I want $4,000 by end of the year. This should be doable after watching gains everyone else on here has put. Here's to wishing for a Santa rally on my account.
Closed out both options. I thought the chart on PSS looked riped for a rebound, but I guess not in this market. total loss was about -363.06. Lesson learned. Get better trades. Total Cash: $2,386.94 Account Value: $2,386.94
Ever think about going to Las Vegas ? It has the same kind of excitement as you expected from your trade, at least you get free food there.
PSS/HPQ is not candidate for option trading. your account size is big enough for option trading. the problem is you are in "test and see" mindset, that is a loser's mind. look at those 100+ stocks, like amzn, aapl,pcln,crm...or just spy. or those bio-tech companies, they "boom" they burst, even you donot use option you still can gain unthinkable gain. there are good option trades there. love risk, must a true gambler. then you can win. do not put yourself in the"test it and see" mode. wall street honors true BULLs or BEARS. those hogs/sheep are slaughtered. in this mode, you will end up losing this large capitol pretty quick.
It's a test. I want to be in options though.....I'd consider this a $2750 experience. I did put in new trades, again, I want to see if I can hit it off. After all, this is at best a 50 win/50 loss game, just trying to limit losses and increase gains. DLTR Dec11 77.5 CallDLTR Dec11 77.5 Call DOLLAR TREE INC 77.65 2 $2.20 $2.15 0.40 $430.00 -10.00 Trade | Roll | Chain | More Remove | Cancel NUAN Dec11 23 CallNUAN Dec11 23 Call NUANCE COMMUNICATIONS INC 23.58 3 $1.30 $1.25 0.50 $375.00 -15.00 Trade | Roll | Chain | More Remove | Cancel TIF Dec11 75 CallTIF Dec11 75 Call TIFFANY AND CO 73.98 3 $3.40 $3.35 1.95 $1,005.00 -15.00 Trade | Roll | Chain | More Remove | Cancel Total: $1,810.00 -40.00 that's what I got above. dltr dec 77.5 call, nuan dec 23 call, and tif dec 75 call, bought them this morning and hoping the market does turn around from here so I can hit something right. I guess I can say you throw it all out there and hope to hit something.
to a seasoned profitable option trader, that amount of capital would be fine IF he/she so choose to fund with that small an amount. as you are just starting out, in my opinion you are WAY under-capitalized. the next combined 10 trades you do will need a win/loss of probably better than 80%win/20%oss or you will need to either stop trading or re capitalize your account good luck
his account size is good enough. just he does not have the winning attitude. I do not think he can roll. each day, lost two digits, after a couple month, we will never see him. option's leverage is far more than 10 folds. that means his account size is more than 30k. around 35k~45k! I would suggest him to go with propertary trading firm. deposit it there. or waste it there
Well, took a big loss on TIF calls, -$966.03 was the actual loss for that trade. But DLTR and NUAN are up the past 2 days and I'm still above $2000. I take that $600 loss as a learning curve. I'm still looking into the retail trades. So I sold 1 of the DLTR call to give me enough cash to take on 2 ULTA dec 70 calls. My net realized loss is $1,061.57, still have high hopes for that $4,000 target by end of year. And thanks for the advice guys.....I've put everything into paper so that I can review it all for the new year.