AAPL - Apple Inc - Page 592

Ok I'm sorry, I will do better next time :)

I would also like to read some comments about this trading style... Will I go broke eventually? I'm afraid that if I don't set stops I will.

Quote:

Originally Posted by Kalashno 

Ok I'm sorry, I will do better next time :)

 

I would also like to read some comments about this trading style... Will I go broke eventually? I'm afraid that if I don't set stops I will.

Before you enter a trade you must have a plan. It took me a long time to learn this. You need an entry, exit and a stop. Never place a trade without all 3 of these. It's also natural to want to move your stop. Don't do it. You are going to lose, all of us do but you need to minimize your loss. I think you'll do well.

Quote:

Originally Posted by BobK 

 

 

 

Before you enter a trade you must have a plan. It took me a long time to learn this. You need an entry, exit and a stop. Never place a trade without all 3 of these. It's also natural to want to move your stop. Don't do it. You are going to lose, all of us do but you need to minimize your loss. I think you'll do well.

I wouldn't say not to move your stop... if a security is running in the direction you want it to, nothing wrong with bumping the stop up so in the event you get stopped out, you are profiting more than where it was originally. Alternatively, you could keep the hard stop and then set a trailing stop as the security trends your direction.

Quote:

Originally Posted by Bishop 

I wouldn't say not to move your stop... if a security is running in the direction you want it to, nothing wrong with bumping the stop up so in the event you get stopped out, you are profiting more than where it was originally. Alternatively, you could keep the hard stop and then set a trailing stop as the security trends your direction.

I think he means don't move your stop down. I have a bad habit of this. I buy a call and the stock drops a bit. I think, "it'll be back up tomorrow". Then it's down again. "Well, I might as well see how next week goes." Before you know it you're down 60% and wish you could have gotten out at -20.

I guess that premiums are expensive because there is a lot of volatility.

What stocks do u guys trade options with? I dont wanna trade random cheap companies because i'd need many options to make money and that'd cost me a lot in fees.

Priceline, Google, Apple, what else?

Quote:

Originally Posted by Kalashno 

I guess that premiums are expensive because there is a lot of volatility.

 

What stocks do u guys trade options with? I dont wanna trade random cheap companies because i'd need many options to make money and that'd cost me a lot in fees.

 

Priceline, Google, Apple, what else?

Honestly, anything that works.

Off the top of my head, LNKD, PCLN, AAPL, GOOG, WYNN, NFLX, BAC, AMZN, VXX, SPY in the past few weeks.

Quote:

Originally Posted by webChris 

Quote:

Originally Posted by Bishop 

I wouldn't say not to move your stop... if a security is running in the direction you want it to, nothing wrong with bumping the stop up so in the event you get stopped out, you are profiting more than where it was originally. Alternatively, you could keep the hard stop and then set a trailing stop as the security trends your direction.

 

I think he means don't move your stop down. I have a bad habit of this. I buy a call and the stock drops a bit. I think, "it'll be back up tomorrow". Then it's down again. "Well, I might as well see how next week goes." Before you know it you're down 60% and wish you could have gotten out at -20.

Exactly. Here's what I said: "Don't do it. You are going to lose, all of us do but you need to minimize your loss." I was not addressing locking in profits but I wouldn't do that either. If you have a plan then just do it.

Quote:

Originally Posted by chhansen 

 

Quote:

Originally Posted by Kalashno 

I guess that premiums are expensive because there is a lot of volatility.

 

What stocks do u guys trade options with? I dont wanna trade random cheap companies because i'd need many options to make money and that'd cost me a lot in fees.

 

Priceline, Google, Apple, what else?

 

Honestly, anything that works.

 

Off the top of my head, LNKD, PCLN, AAPL, GOOG, WYNN, NFLX, BAC, AMZN, VXX, SPY in the past few weeks.

You have listed a lot of good names but there's one thing they all have in common and it's what I look for. Volume.

Quote:

Originally Posted by BobK 

You have listed a lot of good names but there's one thing they all have in common and it's what I look for. Volume.

 

Oh yeah, that's a great point. You have to make sure that people are actually trading the options contracts or else you'll be stuck with a spread where if you want to buy it'll cost $2 but if you want to sell you can only find buyers at $1.5.

Quote:

Originally Posted by ze20001984 

I dont recommend bac..and i have black balled bac to never trade

I think Vixx is going be give a good outing this week..a calm before the storm for thursday friday

I also see gld breaking out..so monday dips ill be in

looking to enter dips for:
Apple
Gld
Lvs
Google
Vixx

N puts on

Nflx
Zynga
Rimm
Uso
Platinum
And lulu


Obv cannot do all

Game plan for d week

I'm with ya regarding BAC. I also have LVS and Zygna on my black ball list. Good luck to ya this week.

Im just curious, can you guys reliably make money off of options? The only thing I would do is sell covered calls, I think the majority of option speculators lose money, but then again I claim ignorance on this subject. I think some people on these boards should stick away from options and just go long on a cheap, good company like Apple. Less risk imo

Quote:

Originally Posted by epoch707 

Im just curious, can you guys reliably make money off of options? The only thing I would do is sell covered calls, I think the majority of option speculators lose money, but then again I claim ignorance on this subject. I think some people on these boards should stick away from options and just go long on a cheap, good company like Apple. Less risk imo

It's not pretty but it works. This is my 4k lotto account so investing and selling covered calls is a no http://profit.ly/user/chhansen (that day when I go from +2400 to -300 is because I had a 4.5k call position on aapl which I was originally up 1.2k on. I go to get a sandwhich from a local deli, come home and next thing I see is AAPL down $10) anyways it's the past 4 weeks of trading about an hour a day due to actual work hours and an occasional day where I work from home

it's not really reliable but hey, helps pay for extra stuff that isn't covered by my paycheck 

I guess some people could bear risk better than others. I know I couldn't, I listen to what Warren Buffet says. Rule #1:Don't lose money.

Option trading is a good way to lose money imo. Risking all of your capital on minute moves of Apple, I guess with strategies you can hedge your risk. But still, this is something I don't understand so I will stick with going long on Apple and write covered calls. I will be happy to sell you call options on apple btw, very profitable...for me at least

I woke up and had those thoughts on Apple:

- There is no need for more corrections, it's been many days lately closing red, too many.

- There is a plan on Europe that will stimulate our economy.

- I think there's a macroeconomic data coming out this (US) morning about families consume, which may be good and may move Apple up.

And as we are on 603 levels, I didn't think it's going to drop even more, and much less losing 600 support... So I was very much looking forward to loading up calls for May 04, but then I started up my computer and saw all the european stock markets red, then dow/nasdaq/s&p futures red, commodities, everything, even Apple on premarket so far.

So Im kinda lost now, even though I still think that if we dont lose 601 support we may see Apple doing a couple of rallies this week all the way up to 610/615. Imo.

Quote:

Originally Posted by Kalashno 

- I think there's a macroeconomic data coming out this (US) morning about families consume, which may be good and may move Apple up.

Macroeconomic data shouldn't matter anymore. We had Apple earnings. Apple has shown us that people will be iPhones and iPads when they can hardly afford food and housing. This is why Apple went parabolic before and ignored market down days. We just got knocked off track and haven't quite got back on yet.

We could easily see 590 before we see 650. Takes a few weeks to digest.

Apple on 598.25 premarket

omagawd