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Exited at an average of 3.76 (forgot to update a while back)

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Entered 1/2 position in $DGAZ at 3.20 limit, I really like the risk reward here and with its price around this level its almost like an option without decay per every 100 share lot.

 

 


How You Can Take Your Trading To an Olympic Level

The average trader always has money on the mind. Money, money, money, a couple more points, and a sexy balance sheet.

That’s also why they’re average. The best of the best aren’t thinking about money at all. Let’s use an analogy to prove this point.

What happens to an Olympian who’s always looking up at the scoreboard or clock? They lose the puck, fall behind another skier, or miss their landing. What happens to the Olympian who is focused on improving their game, making the right pass, hitting the right turn, and nailing their landing? They win.

This is no different than trading. Money is the byproduct, we all know that; but focusing on the byproduct doesn’t get you any closer to it. To take your trading to an Olympian level, you must remove yourself from the bottom line and focus on what makes you better. If you can’t do that, go liquidate your brokerage account. You shouldn’t be trading.

This Saturday, you can take that first step towards the gold. At 10:00am EST, the Olympic Trading Summit will bring you a full day of free trading education via live webcast.

You’ll have the opportunity to focus on improving your strategies and learning new ones. The educators will be some of the brightest and most experience traders in their respective areas. Options, Equities, and ETFs will be the focus and everything from swing trading to options spreads will be covered.

The good guys over at Marketfy are putting the event on and they’re providing invites to all our readers. The event, which is being sponsored by MBTrading and Benzigna Pro, will have a bunch of freebies, promotions, and offers for those in attendance.

Pro Tip: Enter the room by 9:45am EST if you want to get in. The room caps at 1300 attendees and it only took 45 minutes to get there the last time they did this.

Register here to gain access to the Olympic Trading Summit >>

http://vip.marketfy.com/olympics/?a_aid=3ddhedge&a_bid=5adb6f1b


ONE DAY SALE TODAY ONLY! CLICK FOR 90% OFF

http://marketfy.com/store/item/vader-trades/?a_aid=3ddhedge&a_bid=e2b9a09c

ENTER PROMO CODE –  90OFF

During Checkout, after logging in, or creating account make sure the Promo Code is still there. You may have to re-enter it.

Vader Trades by Vader Trades with 30 Day Money Back Guarantee!

So many traders, especially those trading on their own, need help in navigating market forces. Trading on your own is difficult. Trading alongside a professional will drastically increase your likelihood of making big profits. Not to mention saving you from losing money and staying awake through the night.

Join Vader Trades to receive instant trade alerts and ongoing market commentary on futures, options, and stock trades.

Vader Trades employs the following methods

  • Fundamental screens
  • Support and resistance trend lines
  • Technical patterns and fractals
  • Divergences between price and momentum
  • Volume and market profiling
  • Sentiment

The number 1 rule of Vader Trades is to be patient. Like cabs at a busy airport, trades come and go.

Vader Trades helps members avoid the following psychological pitfalls:

 

  1. Failure to plan before placing a trade
  2. Improper money management
  3. Setting expectations too high
  4. Failure to use risk management
  5. Lack of patience and discipline
  6. Trading against the trend
  7. Letting losing positions spiral
  8. Hyper-trading and over-trading
  9. Failure to accept responsibility
  10. Lacking a big picture perspective

- See more at: http://marketfy.com/store/item/vader-trades/?a_aid=3ddhedge&a_bid=e2b9a09c

Vader Trades: Also known as @vader7x on Twitter and Stocktwits

“Don’t underestimate the force.” In 1977, a movie villain named Darth Vader first stated these landmark words. In the universe of Star Wars, the force is an energy that transcends any one person or thing. Like the markets, it is ubiquitous and powerful. Darth Vader’s warning inspires our approach to the markets. Too many people underestimate the markets. Trading based on “gut feel” or a “get rich quick” seminar can be exciting and easy, but market forces always prevail. They reward those who deploy a disciplined, time-tested approach. Whatever you want to say about Darth Vader, he understood the force. That’s why this community is called Vader Trades. We’ve built a career on understanding market forces and how traders capitalize on them in our portfolios. The moderator AKA ‘Vader’.. has a background in high tech product management and strategy from companies like Oracle, Schwab, Wells Fargo and a few startups which got acquired. He also at times consults for Venture Capital firms in the Bay Area.  Previous to 2009 he also ran a family fund with AUM over $10M and is currently planning a new fund focused on short term trading opportunities. – See more at: http://marketfy.com/store/item/vader-trades/?a_aid=3ddhedge&a_bid=e2b9a09c

LISTED PERFORMANCE ON WEBSITE as of 11/16/2013

28.04%                90 Day Performance

28.04%                365 Day Realized

44.7%                   Avg. Trade Gain

100        Total Trades

72.00%        Win Percentage

We have to qualify members first to assure that the community is made up of only the most quality traders. Providing a free trial makes it very hard to weed out the traders who do not belong. However, we provide a 30-day money back guarantee so that everyone has the ability to “test drive” risk-free. If at any point during your first 30-days you feel that Vader Trades is not for you, please let us know and we’ll gladly provide you a full, no questions asked, refund.

 

 

 


Free Seminar 6 Trader Strategies You’ll Be Thankful for, begins today!

Click here to register for the Holiday Trading Summit while seats remain available! For every registration, Marketfy will make a Holiday Meal donation to a needy family, with a goal of 5000 meals donated.

The market continues to trend up while we’re just weeks away from the holiday rush. In 2013 we’ve seen a market that’s treated many of us quite well and given us plenty to be thankful for. Many of you rode Telsa to the bank, got on board the Yahoo bandwagon, or enjoyed watching Netflix for other reasons than movie marathons.

In hindsight the year was incredible, but it didn’t always feel that way. With eleven months behind us, we approach the home stretch and there are still many uncertainties keeping traders up at night.

When will the market top?

How will everything play out with the FED?

What’s going to happen with China?

Is this Bitcoin thing the real deal or just another Beanie Baby?

No one can confidently answer these questions. Some traders will comb through as much research as possible, make an educated prediction, and trade or invest accordingly. Most traders will predict wrong and most traders will lose money.

Successful fund managers and veteran traders avoid these risks all together. They’re equipped with tools and strategies that are rarely affected by the majority of market issues.

Regardless if you’re an options trader, equities traders, swing trader or day trader, there’s always a way to profit in the market. You just have to find it and stick to it.

On November 20th and 21st, you’ll have the chance to find six of these strategies as Marketfy hosts their first ever Holiday Trading Summit.

Over the course of two days, six different equities and options traders will come together and reveal the strategies that have kept them secure in all types of market conditions.

In the spirit of the holidays, Marketfy.com will also be donating a holiday meal to City Harvest, for every person who signs up to this free event.

If you trade options or equities, one of these six strategies will fit your trading style.

Candlestick guru, Stephen Bigalow, will be revealing the early warning signals for reversal alerts. Bigalow has spent the last thirty years applying his Business & Economics degree from Cornell University to the investment and trading world. He’s authored three top selling investment books and is an active member of AAPTA – the American Association of Professional Traders.

RealMoney (TheStreet.com) experts, Timothy Collins and Bob Byrne will be showing you how to profit from volume profiling and weekly options. Collins’ experience in the market ranges from helping individuals with portfolio customization to managing multiple hedge funds. Byne, a full-time private day-trader has ten years of experience using technical analysis and using a proprietary volume profiling technique.

Options tape reader, Anand Sangvhi (“Sang”) will teach you a five-point checklist for exiting your trades at the right time. Sang, a former corporate grinder, quickly learned in 2006 that trading options using time tape reading was more profitable than a boring 9 to 5 job. Since then, his company SangLucci has become one of the leading experts in options tape reading.

Credit Spread master and former financial CFO, Nic Chahine, will show you how to master credit spreads in any market condition. Chahine began mastering options spreads after an internet venture left him plenty of money and time to pursue his passion of the markets. Since then, he’s launched his own successful fund and honed the skill of gauging risk and maximizing potential.

Swing trading veteran, Serge Berger, will explain how to combine candlesticks with swing trading. Berger has been an active trader since 1998 while spending time at JP Morgan and an equity, options, and futures proprietary firm. His methods of dividing the markets into separate time frames and characters allows him to remove emotion from the decision making process.

Trader and entrepreneur, Hubert Senters, will provide a strategy that allows you to risk $156 to potentially make $1,000. Senters has built his trading skills and companies on the philosophy that, “if you need to accomplish something in life, find someone who is passionate about the topic of your interest and learn everything they know about it.” Senters and his companies have been featured on Bloomberg, CNN, CNBC, and the Trading Expo.

To join Marketfy’s first ever Holiday Trading Summit, register for free at the link provided below. Your registration will result in a holiday meal donation to City Harvest, for a child in need.

Click here to register for the Holiday Trading Summit while seats remain available!


How Patience Will Earn You Money In The Stock Market

 

By Tim Melvin

 

“The casino is open and we must go play now.”

That seems to be the attitude that infects all too many investors. When the opening bells ring on the NYSE every morning at 9:30 am EST, traders seem to feel the need to do something.

The ticker tape is running, the talking heads on the media are cheerleading different stocks and sectors. The advertisements are almost constant, urging out to trade more efficiently and smartly, using the new super-duper platform that has all sorts of charts and the information you need to beat the market.

The sad truth all of this is done not to help you trade better, but to pay the bills needed to keep the studio open and keep commission dollars flowing into coffers of brokerage firms. It creates an atmosphere that encourages activity much like the casinos set the stage to keep you gambling.

Behavioral Analysis

Virtually every study ever done on the behavior and results of individual investors has shown us that retail investors badly underperform the stock market over time. The chief culprits for this lack of profits are trading too much and have a propensity to chase the hot stocks and stories of the day.

Year in and year out, roughly 90 percent of them are set to lose money. Only 10 percent turn a profit and far fewer beat the market returns, much less squeeze a living out of all the frenetic in-and-out trading in a short period of time. The brokers do pretty well off all the activity, but the traders themselves do not do nearly as well.

Investors and wannabe traders need to accept a simple fact. If you have a career, a profession, run a business or are otherwise occupied during the day, you are not going to win the trading game. Wannabe traders are trading against people with more information who spend eight to 12 hours a day doing nothing but studying the stock market.

Would you take on LeBron?

Serious traders have a flock of analysts and more than likely are getting technical advice from the people who invented the indicators and patterns novices are trying to master. When trying to beat the market by engaging in short-term trading or switching from hot stock to hot stock, traders are engaging in the financial equivalent of playing LeBron James in a game of one-on-one. You are not going to win, and the statistics and studies have proven that it is a losing game.

It is worse when individual investors decide to jump over and try to trade options. The depth and level of knowledge needed to successfully trade options requires full-time concentration on these markets and in-depth extensive knowledge of math and statistics. The guy on the other side of your trade is not making directional bets on markets and indexes and there is a good chance he is a literal rocket scientist.

The rocket scientist is armed with enough computing power to conquer the world and that option will be priced so as to take advantage of your desire to make a bet. The worst thing that can happen to a retail options trader is to make a few winning bets and start to think they understand how to trade options. That’s when you run the biggest chance of losing an enormous amount of money. Most individual options traders are swimming with the sharks while wearing meat suits and just don’t know it yet.

The amazing part of all this is that individual investors have a huge advantage and simply choose not to use it. They seem to prefer the excitement of the ringing bells and ticking tape to actually making money in the stock market. Individual investors have no mandate that dictates the type of stocks they must buy or which ones they must avoid.

They do not have to endure the quarterly performance pressure the larger investors face constantly. They can buy much smaller stocks than the institutions and hold them for as long as they like. They have a size and time advantage that is substantial and most choose not to use it.

It seems simplistic to say that buying cheap stocks in a bad market is the most profitable way to invest but it is exactly the truth for investors. If you look at the Forbes list of rich people the ones who made their money directly from investments and not just fees like Warren Buffett and Wilbur Ross made their money in exactly that fashion.

 

Be a boss like Schloss

Consider an investor like Walter Schloss who never aspired to be the biggest and kept his fund small but constantly just bought all the cheap stocks he could find and held them until they worked. Schloss earned about 20 percent gross for his investors for almost 50 years simply by buying cheap stocks in bad markets and holding them for long periods of time. He took advantage of the size and time advantage and made an enormous amount of money for himself and his investors.

There is a reason private equity is consistently one of the highest performing asset classes. Investors buy businesses when condition in the economy, or a specify sector, are not very good and they can buy a business at a bargain price. Investors hold them for a full business cycle or two and sell them in five years or so at a huge gain when conditions have improved substantially.

Investors could care less about the ticker tape or the candlestick pattern of a portfolio company and focus only on the business value. This is exactly the approach individual investors need to use to make money in the stock market.

Price and patience is the key to stock market profits. Buy businesses at a cheap stock price and hold them until they are no longer cheap. Ignore the bells, patterns and noise coming from Wall Street.

Your broker may not like it, but your accountant will.

Tim Melvin is a value investor, money manager and writer. He has spent the last 27 years as in the financial services and investment industry as a broker, adviser and portfolio manager. He has also written and lectured extensively on the markets with his work appearing on RealMoney.com, DailySpecualtion.Com as well as several print publication including Active Trader and the Wall Street Digest. You can learn how Tim invests in low risk, high yield stocks by clicking here and watching his FREE webinar now.


On our existing small trade of 3 $SPY 169 puts bought at .92 a few days ago; I did the following:

Bought to open 3 more 169 Sept13 Puts
Sold to open 6 168 Sept13 Puts
Net .08 debit

Now if SPY is less than 168 this week, we still have a shot for 100% or so gains, and if 168.50 can pretty much break even.

Bought $SPY puts


Bought to open SPY sept13 169 Puts @ .92 debit


Executed 1665/1660 Sept13 expiry debit put spread @ 1.50 debit.

Buy to open $SPX 1665 SEPT13
Sell to open $SPX 1660 SEPT13
Net @ 1.50 Debit

KeeneOnTheMarket.com


Andrew Keene has been an independent equity options trader on the Chicago Board of Options Exchange for the past 10 years. Over the past couple of years, Andrew has become one of the CBOE’s most recognized faces in the media, making regular appearances on Bloomberg TV’s Street Smart, CNBC’s Squawk on the Street, nationally syndicated First Business, and CBOETV’s In The Money with Angela Miles.

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I have no idea how this got filled at 3.70 credit! Its mid price was 3.25 credit, but it got filled in seconds! I had a limit order in for 3.60 credit and actually received price improvement.

So, this is a low risk loss wise $SPX In the money bear call spread for next week expiry. Max gain is $370 per lot if spx below 1650, and max loss is $130 per lot if above 1655.

Sold to open july20 $SPX 1650 call
Bought to open july20 $SPX 1655 call
@ 3.60 limit credit, but filled @3.70.

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