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$2000 to $100,000 NOW at $84,822 - Page 635

post #12681 of 12705
3/28/10 at 9:33am
consolidation and focused direction seem in order? hahah... my cousin is a great baker here in chicago.. and i know there is more money in the market than in the dough... jkjk. do what you love!

be careful with that independent insurance, i was watching american greed and some poor guy lost his entire life savings/stock gains...
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post #12682 of 12705
3/29/10 at 9:23pm
Quote:
Originally Posted by JROCK View Post
Oh I still trade, but I have a bakery and an independent insurance license so I'm stretched in a few directions...so I don't daytrade much at all anymore, but prefer swing trading.
Must be a Pot baking bakery. Eitehr that or you couldnt handle the risk of daytrading. Seems odd a fairly successful trader opens their own website then quits trading all together
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post #12683 of 12705
3/29/10 at 10:22pm
Quote:
Originally Posted by timmyb199 View Post
Must be a Pot baking bakery. Eitehr that or you couldnt handle the risk of daytrading. Seems odd a fairly successful trader opens their own website then quits trading all together
And on second thought I would not mind baking instead of stressing. Kudos to JROCK for that.

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post #12684 of 12705
3/30/10 at 12:17pm
Thread Starter 
Quote:
Originally Posted by timmyb199 View Post
Must be a Pot baking bakery. Eitehr that or you couldnt handle the risk of daytrading. Seems odd a fairly successful trader opens their own website then quits trading all together
I can always count on you for a witty comment!

Actually the bakery is my wifes dream and she works in corporate America making 6 figures, but doesn't want to do it for another 30 years. Well after seeing the customer base she has and how incredible her baking skills are, I knew there was great money down the road if I could help her get a business going and eventually franchise the name.

It was a calculated risk You can never go wrong with a tangible product that sells well and makes 100%+ per item.

Also, I haven't quit trading altogether...in fact, I said I quit daytrading and I'm doing swing trading. Daytrading was stressful at times when you'd go up $60,000 in 20 minutes and then down $100,000 one minute later with a huge dump that would freeze the computer.

But I'm having fun doing what I'm doing right now
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post #12685 of 12705
3/30/10 at 12:20pm
Thread Starter 
Quote:
Originally Posted by Rymo View Post
consolidation and focused direction seem in order? hahah... my cousin is a great baker here in chicago.. and i know there is more money in the market than in the dough... jkjk. do what you love!

be careful with that independent insurance, i was watching american greed and some poor guy lost his entire life savings/stock gains...
Yeah I watch American greed too

There's nothing to be cautious about what I'm doing...I just have an insurance license and work out of my home. I am contracted with a few carriers and buy my leads then call and see if I can sell them Life or health insurance. Humana/Golden Rule/Cigna/Liberty...just to name a few plans I offer. It's a decent 6 figure salary if you work it right.

My plan is to eventually start an office and have employees of which the Branch Manager gets a commission from every signup. It's all about sacrifice now and reap later...work smarter not harder.
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post #12686 of 12705
3/30/10 at 5:49pm
ima be the next Jrock just give me some time .. im a fan of your success btw
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post #12687 of 12705
4/2/10 at 10:58pm
huh nice
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post #12688 of 12705
4/22/10 at 2:22pm
really nice, chase your dream !!
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post #12689 of 12705
10/8/10 at 12:44pm
just bumping an old thread back to life..........anyone purchase his products/services from rapid stock profits?......i just got back into trading options and opened a 15k account which now has grown to 17k in two weeks just from trading GS, AMZN, AAPL. I love the volatility.
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post #12690 of 12705
10/8/10 at 1:00pm
nope, have not. Curious as to how he is doing/fairing.
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post #12691 of 12705
10/18/10 at 7:27pm
After reading most of the options guides and discussions, I still cant fully comprehend how it works. Basically If I buy an option to predict a future price, does it have to be exact/precise? Do I also have to choose from a list like this, for example?

I understand the strike price, open interest, and low volume (all seem kinda small)
But under last, change, bid, & ask, not too sure... are those numbers the difference off the current price of 10.02?



Nice work OP. I would be happy/wishful thinking, turning my 20k into 250 300k. I made 50 60% on this etf, and hope to leverage and take advantage of it more, through options.
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post #12692 of 12705
10/18/10 at 8:09pm
Quote:
Originally Posted by xcentric View Post
After reading most of the options guides and discussions, I still cant fully comprehend how it works. Basically If I buy an option to predict a future price, does it have to be exact/precise? Do I also have to choose from a list like this, for example?

I understand the strike price, open interest, and low volume (all seem kinda small)
But under last, change, bid, & ask, not too sure... are those numbers the difference off the current price of 10.02?



Nice work OP. I would be happy/wishful thinking, turning my 20k into 250 300k. I made 50 60% on this etf, and hope to leverage and take advantage of it more, through options.
Honestly, I am not trying to be rude, but you need to continue your education on stocks and options if you don't know what the bid and ask are.

Bid: The highest price someone is willing to buy
Ask: The lowest price someone is willing to sell
Last: the price of the last trade.
Change: how much it has moved since open.
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post #12693 of 12705
10/19/10 at 1:47am
That is an underestimate, and I definitely have lot more to learn. Buying and selling stocks thus far has been pretty straight forward to me(up 65% since March.) However, options I find quite difficult to decipher. I understand the above under each heading(solo) - (read thru investopedia,) but cant really connect the dots as to how the bid/ask prices are quite off/related to the the strike price, and current 10.02? Are most of the options set by the market maker(judging by the chart)

Also with all the greek abbreviations, intrinsic value, etc...

I just had the concept where you make an educated guess/conclusion as how the stock will do in the future without following the chart above, and for every 1contract/option = 100shares, that is your leverage, or you let it expire.
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post #12694 of 12705
12/24/10 at 4:31am
Bumping this to see how you're doing these days J? I can't even think about options without remembering this thread...How's the swing trading working out?
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post #12695 of 12705
3/19/11 at 12:22am

Really got out of reading this thread

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post #12696 of 12705
3/19/11 at 12:37am

i havent traded in well over a year so i am refreshing myself. Ive got $2500 to get started with and my goal is to turn that into 25k by summer

 

looking at pcx april $26 calls to start with

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post #12697 of 12705
3/19/11 at 4:15am
Quote:
Originally Posted by tshrufus View Post

i havent traded in well over a year so i am refreshing myself. Ive got $2500 to get started with and my goal is to turn that into 25k by summer

 

looking at pcx april $26 calls to start with



will be watching you sir :)

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post #12698 of 12705
3/19/11 at 12:26pm

or  PCX june 30 calls any thoughts?

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post #12699 of 12705
5/9/12 at 8:43am

always amazing looking back at this thread. I love how detailed he was in each of his plays. he shared every one of his moves, well most of them

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post #12700 of 12705
8/1/12 at 9:55am

JROCK,

 

I just wanted to say thank you for all the work you've put into this thread. There is so much helpful information. Before I read your thread, I was clueless about anything to do with options and trading. There is so much truth in your thread. I saved all your JPEGS on my computer so that one day, I can accomplish what you have. I'm still a rookie, but fortunately, I have managed to make some wins out of all my losses. Thank you so much! Hope everything is going well with you.

 

worship.gif

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