What Crash?
After buying the dips for the last 2 weeks, I unloaded all the calls Thursday for profitable gains. Perhaps early, but I wanted to secure profits after a healthy run up. I expect markets to test new highs soon and the recent sell-off will be nothing more then a blip on the screen. It truly seems that we keep seeing many non-believers but every time I check my stock scans, I see new leaders or new momentum stocks appearing. As long as emerging countries continue to grow with low unemployment in US, low yields, tame inflation, and high liquidity, we should continue to see a stock pickers environment.
I’m now cash heavy and will be looking for an opportunity to reload calls. I’m starting to see a few call opportunities with techs. Volatility remains lower on those going into earnings. If we see any signs of a tech recovery, then the flood gates should open on the entire sector. I mentioned KLAC a while back and now technically it’s breaking out to new 52 week highs. Last week, I loaded INTC calls for a volatility play into earnings (April 17). I hate to hold for earnings, so likely I’ll unload them before. I also have others in various sectors on my radar and will be watching for dips to enter calls.
Account increased to 145k from 30k starting in 2007… $1mil on target!
Filed under: options, stocks | 3 Comments
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Very nice returns. Congrats! I’m just starting in options myself. This is definately inspiration!
Hi dude,
Very interesting blog indeed. I myself am an options trader, though I have had very little success. In fact, I’m almost managed to half my account in 4 months. Getting quite depressed now, maybe its time I reviewed my trading system or my trading psychology.
You sound more like a fundamentals kind of trader. Mind sharing more about your trading technique? Really wish to be able to stay in this market for the long-term.
Ben
Ben,
You need to subscribe to TOR… I started with TOR at the beginning of 2006 and I trust them a lot! My account didn’t do that well in 2006 but it was because of my own lousy trades… not TOR’s. Check out their performance… http://theoptionsreport.com/performance.html. This year’s been fantastic so far! This year I’m mostly keeping my hand out of the pot, so to speak, and am set up for autotrade… my account has almost doubled since the beginning of the year (90% of trades are from TOR)! There’s a lot to learn with trading. Presently I use thinkorswim’s paper trade feature to test my own trades. I’m learning but not risking my own money while making $$$ with TOR’s service!!! Check it out!