Sometimes I think I have the worst luck. I’m trading a bullish support pattern in-the-money trade on Google entering into the late afternoon to get out before the close (earnings). I change windows and by the time I look back I see these red numbers changing like the speed of sound. I’m so confused. I think a bomb just went off and the markets are in a complete panic – no, Google just released its earnings unexpected during the mid-afternoon – just 10 minutes after I entered my CALL option trade. My $11,000 trade went from profitable to $0 in about a minute. I couldn’t even get out it happened that fast. My body feels quite sick at the moment and my head is hazy. So now I have to start ALL over again damnit. The world of pain I live in and my mother wonders why I just want to be a hermit in the woods.
Break-down of this trade: Enter 12:27pm, Google release earnings at 12:30pm prematurely instead of after the close of the day, my account is wiped clean in about 1 minute. I watch in confusion and panic as Google drops so fast I can’t get any order to go through to sell out and take any type of loss but $0. Damn these unexpected releases! It doesn’t feel ethical to the small investor.
Did you feel any of this afternoon pain from Google? Share your bitter sadness….
October 18, 2012 | Categories: goog earnings, how to lose all your money in one trade, trading stock options, unexpected earnings release | Tags: cashflow machine makes me cashless, good quick fall, google unexpected earnings release, i want to kill myself, suicide afternoon, trading stock options, what happens when you are on the wrong side of the trade | 2 Comments
It’s too bad Yahoo! Fantasy Finance doesn’t let you short or trade options on stocks in your portfolio. I’m currently up 14%. Nothing to brag about compared to leaders supposedly with up to 150% gains in the past 30 days. I don’t know how they are doing it but I can only assume they are trading penny stocks or stocks only under $2.
Some BIG OPTION PLAYS I’d trade my life on which I think at the moment are definite risk/reward worthy are put option trades on AAPL, GOOG, and PCLN. They have been trending down for the week 5-20% off their highs. I’ve been waiting and waiting for some big institutional sellers/investors to start taking some profits and selling. I believe this is finally happening as stock analysts re-think Apple. I think it’s run up with Google and Priceline are currently in a stock value correction. The company’s have moved up so quickly a stock correction was bound to happen. Now I’d trade my life on a definite ongoing correction probably another 10%. However, from experience, this could also be a quick buying/selling opportunity. Whenever a high talked about stock like Apple falls 20 points as it did today then next morning it can have a volatile swing upwards confusing any type of trader. So a correct entry point is crucial and very short-term trading profits are important – meaning if I was going to trade puts on any of these companies once I’m up 50-100% in a day on a contract it would be smartest to get out and just get in/out when the timing looks right on technical charts and watch how investors are reacting/how news is changing.
Even with the stocks hit hard today I can bet they will actually be positive tomorrow.
However I feel a put trade over 1 month will have definite positive results. Since I have no money in my account. I will trade as if I only have $2000 for each option. (A total of a $6000 account).
Here are my 3 BIG OPTION PRACTICE PLAYS on AAPL, GOOG, PCLN.
Bought end of close 4/16/12
AAPL 555 MAY PUT @ $20.44 (This is the closest to in-the-money I can buy – although way out of the money with only having $2k towards trade however this option is moving fast with big swings).
GOOG 610 MAY PUT @ $19.40 (Surprisingly, GOOG is higher and I can buy in-the-money puts for $2k)
PCLN 655 MAY PUT @ $20.50 (Closer to AAPL’s option pricing – out-of-the money with $2k trade)
Very short-term such as the next 1-2 days I expect the stocks to pop up, however if I’m right on trending and more importantly – FEAR of losing money for many holders – the stocks should continue a down trend and the more that sell the sharper the decline until a big guy steps in and stops it buying back changing direction – a new market correction. So check back in a week for a post update on this practice trade.
April 17, 2012 | Categories: AAPL Analyst, aapl options, aapl reversal chart, AAPL stock report, big growth stocks, big swings in the market, goog, goog earnings, google stock, predictions on stocks, trades i'd bet my life on, trading stock options | Tags: 2012 stock market corrections, aapl, big option trades, big pullbacks on stocks, goog, paul phillip, pcln, what trading trends you should be watching | 2 Comments
Okay so to finish from a few days ago I bought AAPL calls going up and I was sold out the falling morning for $2.60 up 25%. I wanted to trade into GOOG earnings, but with a small amount so I only traded $1000. Again I was probably being too greedy. I could only buy 1 contract and I did at $10 for GOOG NOV 690 CALLS, but I should of put my GTC order at $11.50 or $12 at the most. Early morning trading the next day the option only went up to $12.60 so if I only put it up a dollar or more I would of been sold out with a 10% profit. I put my GTC order at $15 because I thought GOOG which his $658 would of rose $5 since I was closer to in the money, but I was wrong. I also slept it! I put my alarm for 3:30 AM to get up right when the market opened so I could sell out, but I slepted in an hour and that cost me $300. I sold out at $7 with a $300 loss. I’m actually happy I loss only $300 because if I would of stayed in I’d lost a bit more. This is what is confusing: I bought my option when GOOG was at $639, but my option fell $3 dollars even when in the next morning it was up $9. You’d think my option would of went up with the stock instead of fell. How is this possible? I figured it had to do something with expiration Friday for options. My call option fell $3 even thought GOOG’s stock went up and held at $9 so like $648. I don’t know why my option fell so much but it did. I think for now on I’m not going to buy calls near expiration Friday. They must adjust the price or something. Anyway GOOG earnings should help the stock rise. The Dow drop of -$366 pts is termporary and I definitely expect Monday or Tuesday next week to have a pop and push the market higher after this big pull back.
Stocks I’ve been keeping a close eye on are FXI, GOOG, AAPL, NUE, SHLD, RIG
FXI is due for a correction with the asian markets. Just recently it has fell 18 pts within a week. If it breaks its major trend I might buy a crap load of Puts on it. AAPL’s earnings are OCT 24th and I might play Puts on it because historically Apple during earnings falls every time.
With NUE steel is starting a strong uptrend helped by X. SHLD is just very volatile and I’m looking for entry points since it is going sideways now. Lastly RIG had a peg of .41 does anyone know this? This stock has continually gone up its trend and if does at $112 it will start bouncing back up again to a higher price.
October 20, 2007 | Categories: 2007 stock picks, aapl, AAPL Analyst, Apple Inc., apple inc. earnings, asia crash, dow crash, fxi, goog, goog earnings, nue, rig, SHLD blog, SHLD stock alert, stock forecast, x | 6 Comments