See the above strategy and now see the range. Unfortunately I did not buy additional July 50 puts as I already have 52 at 1.25 that I bought earlier. MSQSJ (MSFT July 50 Put) Morning Range 0.95-1.05 Afternoon Range 1.25-1.30 So a safe return of 25% for the day. Isnt that enough for an individual to make a living? Even my previous options have made 0.05 profit so far and I am holding. I guess that Econsul and MSFT Option daytrading is a nice combination. I do not blame those who think that I am promoting Econsul. They know me only by my posts. I am excited and with that excitement I say good about Econsul that might be understood as a sales talk. All I want is to share my experiance with others. That is all.
Yes , You are absolutely correct. A different trader would have bought at support using the same information and then would have got burnt if you look at it from another angle. I have realised that a trader needs to absorb information from multiple reliable sources. Today's strategy: I still have July 50 Puts. I want to close them today as Market Gurus are expecting a rally from July 5th to July 11.