Options to Cash

Discussion in 'Journals' started by oraclewizard77, May 17, 2006.

  1. oraclewizard77

    oraclewizard77 Moderator

    I have been trading options for many years so I decided now was the time to publish my system on www.collective2.com.

    Its the options to cash ver 2 for you home gamers.

    Today I went long real money the sept UVN in the money $ 30 calls. I have also published this trade and my others in real time on the collective today so that anyone can easily follow these trades for free.

    This year my goal is to make $ 50,000 in real profits on trading both stocks and options.

    I am also looking into trading futures, but so far have not gone live.
  2. Good luck with your goals and journal!

  3. Who are you trading with?
  4. oraclewizard77

    oraclewizard77 Moderator

    I trade with myself and sometimes I may trade mechanical systems.

    If you mean where is my money kept. I have most of it in Morgan Stanley's active account. I pay them 1%, you need $ 100,000 min, but no commissions on my trades. However, they do have a high margin when I go on margin like I did recently.

    I also have some in thinkorswim and trade station and also man financial through efloortrade. Looking to go live soon with another mechanical system. Efloortrade is using my own breakout system.

    Today was a nice day to trade. :p

    Hope you all made some money!
  5. oraclewizard77

    oraclewizard77 Moderator

    Forex trades been doing well lately :)

    I previously took some classes and got some software, but finally I think my new trading strategy is working. I think we all need our own style and can't blindly follow some book.

    Anyway, got 6 trades in a row all good. I may need to start posting them on c2. Also, if this keeps up over time, I will put some more money in my forex account to trade with.

    Been reading some trading magazines and there have been some good articals. Of course some of the people trading exotics in those journals are way above my head, but my goal is to just make some decent money trading not to try to make a $ million.