I broke the trendline and so closed the CALL for a small loss and reversed the trade and am in a PUT right now. Be couple of days next week, before this works out, I imagine? Two losses this week, not a good week at all. still in the game though. I have a librarian friend in the LIBRARY OF CONGRESS in Washington that brings me books. I will ask him for this one. He goes through the old books discard pile. I read them and donate them to the local library. The government here cannot afford to buy books. A book would represent one or two days wages. If you think of your wages if you are, or had worked for a salary. Figure the cost of a book proportionally, to your earning and spending power. Which is why it makes being retired here, a good thing for us. You can see on Caye Caulker websites lots of photos here of the island. I do have a BLOG for digging at the government mostly and local politics, but it has lots of photos. http://westernbelizehappenings.blogspot.com It is getting about 13,000 hits a month world wide. Just a chatty news type blog on things probably not of interest to up in the USA.
Note sent to my friend in the Library of Congress. On Natenburg option book. Charlie Friends on a trading forum are recommending reading an options book by Natenburg. If you can locate one in the discard pile, it would be nice. Would not buy it new. Wendy just bought a new book called BEHAVORIAL TRADING. There is a guy on our forum who has increased his account with this method 555% in 3.5 months on here. She will mail it to me when she has finished and got my laptop repaired up there in the USA. Darned thing was brand new and only lasted 15 hours. From Tiger Direct. My own account is just a bit above where I started on January 1st. Cést la vie! I´m a lot smarter in option trading,but it is certainly not showing in my equity balance. A little knowledge is a dangerous thing to your financial balance mon!
Yeah, I'm glad the futures behaved overnight exactly as I hoped they would be. NDX didn't gap down or up... add to the fact that I woke up late and as soon as I realized O SHIT!!!! I think I flew to my laptop or something ... Alls well that ends well...
In the morning when I wake up the second thing I do is check the futures... every day, my heart skips a beat while waiting for bloomberg to update on my iphone.
There's a free one and a subscriber one. My opinion, is that the free one is better for futures. prices are 20 minutes delayed but fewer seconds of stress each morning.
------------------------------------------------------------------------------------- falconview, Its might have been a mistake to close the call, hard to say. Take a look at the attached chart. The SPX is forming a bullish hammer candle at the 1390 minor support line. If this candle holds today, we could get a move to new highs next week. But on the other hand if it doesn't hold, the SPX might take a trip to more major support at 1370. When the SPX (1395) is in the middle of a possible 25 point move either way, you should be able to benefit from a non directional trade with that kind of possible range +25 to -25. Jeff
Haha, I thought I was the only one. Worst part of any weekday. The anticipation of the app opening and producing a quote.
Not new news but this headline is my favourite! Don't get TVIX'ed http://finance.yahoo.com/blogs/breakout/warning-investors-don-t-tvix-ed-says-macke-162642044.html Whoever traded this, you got TVIXed bro!!!!