Paul Meyer Buys Houses

+150% gains on call and put option practice plays in past 9 days

These practice trades stayed in the market longer then I wanted and they actually came out more positive then I imagined with this volatile up down down down market. The best performing in my opinion was my put option practice play on Sears Holding Company (SHLD). Historically the market does start coming up into November so in a way I wasn’t surprised at all to see plays start gaining support and basically up a few points of where I bought them at even with the market continuing going down. I definitely think our market is going down more for some stocks, but for others and the majority we are hitting major support bollinger band points. Usually this means the market is about to fall another big dump or retract and start moving up as I see on some charts like MVL.
I noticed SWN has 3 peaks in it’s downtrend and a big white support candle next to the last fallen peak. At $26 SWN seems like a steal, but sometimes bargain stocks are actually stocks still falling, but I think I will see SWN move back up to $30 again soon.

my practice trades in the market for the last 9 trading days:

2 responses

  1. Jordan

    I have a question. The image at the end of this article, can you please explain to me what each column means?

    October 24, 2008 at 2:02 pm

  2. If you mean by imag the last percentage? Then this is the sum total percentage profit/loss on my practice trades since I began on excel.

    October 27, 2008 at 8:22 am

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