Without iceman1 that thread is no good. This thread is the one you want to read. http://www.elitetrader.com/vb/showthread.php?s=&threadid=58328
Multioption, are you ready to long anything now? As for the PAYX Mar 37.50, they are now 0.65/0.75. Are you going to keep holding? By the way, Multioption, I appreciate your generosity in giving out picks. Please share some good picks like the ones that gave you 45k profit from 100k capital. I don't want to be mean, but in this thread, only the first two of your trades made some money, and all the others busted. How can this be possible?
Novel20, I'm basically on the watch mode while looking at GOOG and some other stocks. I'm holding PAYX for as long as the trade can last - I have 50 contracts at 0.92/contract. My software is almost ready, so while looking at the market for entry on stocks on my watchlist I shall continue to hold PAYX March 37.50 Call You may want to look at ACAS for what PAYX is likely to do in few days. Check ACAS for 02/15/06, 02/16/06 till date. Patience is a virtue. I don't make the market, I follow it.
Thanks, Multioption. Will keep monitoring PAYX. Will seriously consider buy the PAYX Mar 37.5 calls if it is showing an ACAS move. Good luck!
Multioption, finally another winning trade from you! Would you mind sharing the exit rules, too? Thanks!
Nice profit! I guess you exited based on reaching / exceeding your profit target, and not based on technicals?
Yes! Otherwise I would have waited on the daily technicals to trigger the exit. I shoot for 100% in most cases until recently.....Once bitten, twice shy!