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Post by tancs666 on Jun 12, 2006 17:42:50 GMT -4
;D ;D ;D Reapir and all most come to break even
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Post by Conrad Alvin Lim on Jun 13, 2006 10:43:15 GMT -4
I dedicate this win to my new found freedom!!
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Post by tancs666 on Jun 14, 2006 16:49:27 GMT -4
Hiiii Everybody, I was being force to type something here. Cos I'm ANG MO WU HAN GONG XI. Anyway, this is my winning trade.
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Post by chiu on Jun 14, 2006 21:51:26 GMT -4
Initially having the idea of doing an Iron Condor, however with the onset of bearing mode, just do one leg instead, which is bear call spread on DIA. On 28 May 06 Sell DIA Jul Bear Call Spread $114/$116 at $0.9 net credit for 4 contracts. With the DIA far away (107-108), DIA closed below $114 and made the option expired worthless. Profit = $0.9x4=$3.6 ($360). Please see the detail of the trade :
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Post by chiu on Jun 15, 2006 10:25:11 GMT -4
I have a calendar spread with on DIA 114 Put from 9 May, Sell Jun 114 Put at $0.80 and buy Sep 114 Put at $2.0 at $1.2 debit. On 26 May do one roll by sell Jul 114 Put at $2.60 and buy Jun 114 Put at $1.95 at $0.65 credit. net debit become=-$1.2+$0.65=-$0.55. On seeing the recent bear mode, decided to take away the near month leg and let the far month Put option stay. On 5 Jun, buy Jul 114 Put at $3.1. On 14 Jun on seeing short term oversold situation, sell Sep 114 Put at $7.0. Profit=2*($0.8-$1.95+$7.0-$1.2+$2.60-$3.1)=$8.3 ($830).
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Post by chiu on Jun 15, 2006 10:39:11 GMT -4
I have another calendar spread with on SPY 133 Put from 11 Jun at $1.30 debit, Sell Jun 133 Put at $2.40 buy Sep 133 Put at $3.70. On seeing the recent bear mode, decided to take away the near month leg and let the far month Put option stay. On 5 Jun, buy Jun 133 Put at $4.90. On 14 Jun on seeing short term oversold situation, sell Sep Put at $10.50. Profit=4*($10.50-$3.70+$2.40-$4.90)=$17.2 ($1,720), This is my single biggest win so far. But I have a fair bit of loss on Iron Condor and Calendar Spread recently mainly due to fail to act earlier. Please see the Spread section on both. Please see the attached trade detail :
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Post by Conrad Alvin Lim on Jun 16, 2006 10:54:05 GMT -4
Humble profits on Calls on a Bear day.
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Post by nine on Jun 19, 2006 13:19:08 GMT -4
Hi traders, like to share some of my joy here. After breaking for 2 months, I have start trading again with $38 profit (intraday day trade). I will like to delicate my win specially to Conrad and Lucy. Without their support, I would have given up and stop trading. For those who are still facing a hard time, my advice is DON'T GIVE UP. Look forward to seeing more people posting here ;D
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Post by Conrad Alvin Lim on Jun 20, 2006 17:31:11 GMT -4
Small profit from a flat market.
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Post by Conrad Alvin Lim on Jun 21, 2006 23:07:51 GMT -4
Made a bad entry and constipated a small loss before recovering yesterday.
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