Sunday, February 26, 2012
Monday, October 11, 2010
SPY long/short indicator
Tuesday, August 17, 2010
Some General Thoughts on Trading
accept personal responsibility for own trading
accept "they" will trade for their own good, same as you
develop your world-view beliefs as they relate to trading
set dollar range goals for your trading
develop your own personalized, systemized trading plan(s)
trade both up-side and down-side
trading can be maket aligned, or market agnostic
accept losses as part of any trading method, and move on
have 3 simple strategies that you understand very well
set target price ranges, rather than specific prices
avoid paralysis by analysis
avoid tight stop losses
take losses, hold winners
profits, let them develop
avoid trading on stories and news
predictions, "sought after like cheese-burgers", about as meaningful
track your trade details in a journal
risk management and money management, how they are different
have a regime for position size, and scale in, scale out
consider campaign style trading
accept "they" will trade for their own good, same as you
develop your world-view beliefs as they relate to trading
set dollar range goals for your trading
develop your own personalized, systemized trading plan(s)
trade both up-side and down-side
trading can be maket aligned, or market agnostic
accept losses as part of any trading method, and move on
have 3 simple strategies that you understand very well
set target price ranges, rather than specific prices
avoid paralysis by analysis
avoid tight stop losses
take losses, hold winners
profits, let them develop
avoid trading on stories and news
predictions, "sought after like cheese-burgers", about as meaningful
track your trade details in a journal
risk management and money management, how they are different
have a regime for position size, and scale in, scale out
consider campaign style trading
Monday, May 31, 2010
trade plan 5-28-2010, INTC @ $21.42
long jan (2012) 15 call @ $7.40/7.55 ($1.13 time value)
short jul 23 call @ $.40/.43, (5+%)
strategy outlook:
market agnostic, collect monthly income by selling short term calls against longer term, deep itm call
as replacement for long stock
time frame:
longer term trade, up to 18 mo.
risk:
if INTC drops to $15 (30%), could lose 100% of long call cost
reward:
approx 4%/mo.
monitor/management:
sold call strike needs to be above $ amount that does not lose long call value,
if short call goes itm, need to buy back, to keep from losing long call
if short call decays to 10% of its cost, buy back and sell more premium
monitor value of long call for possible action to capture any increased value, or avoid other loss
as get closer to long call expiry, will need to decide what to do, close, roll, exercise, or?
other considerations:
stock under $25, premium % usually better than higher priced, INTC tracks Qs,
watch out for:
div and earnings, and other single stock surprises
what i dont like:
single stock dangers, monitor/manage covered call strategy AND manage the long call
what i do like:
allows for a longer time trade with known risk and a hedged, levered position thru the long call @ $7.50
vs the stock @ $21.42
long jan (2012) 15 call @ $7.40/7.55 ($1.13 time value)
short jul 23 call @ $.40/.43, (5+%)
strategy outlook:
market agnostic, collect monthly income by selling short term calls against longer term, deep itm call
as replacement for long stock
time frame:
longer term trade, up to 18 mo.
risk:
if INTC drops to $15 (30%), could lose 100% of long call cost
reward:
approx 4%/mo.
monitor/management:
sold call strike needs to be above $ amount that does not lose long call value,
if short call goes itm, need to buy back, to keep from losing long call
if short call decays to 10% of its cost, buy back and sell more premium
monitor value of long call for possible action to capture any increased value, or avoid other loss
as get closer to long call expiry, will need to decide what to do, close, roll, exercise, or?
other considerations:
stock under $25, premium % usually better than higher priced, INTC tracks Qs,
watch out for:
div and earnings, and other single stock surprises
what i dont like:
single stock dangers, monitor/manage covered call strategy AND manage the long call
what i do like:
allows for a longer time trade with known risk and a hedged, levered position thru the long call @ $7.50
vs the stock @ $21.42
Sunday, May 30, 2010
Wednesday, December 16, 2009
Ki, what is it?
"Ki" (body and mind coordination)
If the origins of nearly every traditional martial art in existence today were explored, one would find that the theories and principles of 'ki' training are in existence in the original teachings. Many martial artist today who are studying these arts do not understand exactly what 'ki' power really is. Although some people like to market 'ki' as some mystical power that only they possess, 'ki' is no secret. The word itself translates to "energy, life- force, spirit, and/or breath." It also represents the scientific phenomina of physics. It is also refered to by Christians as God's Holy Spirit which God breathed into Adam after forming him out of the earth (dirt). Everyone has 'ki': If you didn't, you'd be dead!
The above is from the following:
http://www.hapkiyoosool. com/ki.htm
If the origins of nearly every traditional martial art in existence today were explored, one would find that the theories and principles of 'ki' training are in existence in the original teachings. Many martial artist today who are studying these arts do not understand exactly what 'ki' power really is. Although some people like to market 'ki' as some mystical power that only they possess, 'ki' is no secret. The word itself translates to "energy, life- force, spirit, and/or breath." It also represents the scientific phenomina of physics. It is also refered to by Christians as God's Holy Spirit which God breathed into Adam after forming him out of the earth (dirt). Everyone has 'ki': If you didn't, you'd be dead!
The above is from the following:
http://www.hapkiyoosool. com/ki.htm
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