Skip to main content

Posts

Featured

Options Trading With Apple (AAPL)

No trades today. In my 16 years of trading, I have primarily day traded 60-70% of the time, the other trading I was doing  attempting was in options. My understanding of options is better than average, with that said, I know I am not sophisticated (smart) enough to implement too many complexed option strategies at one time.

See below for some of the various option strategies.  Options I have baking in the oven.

Today my P&L was positive $152, or I could say I was visiting "Profit Island", a phrase a shamelessly stole from Rhiese over on his blog Trading & Stuff.  The trader I want to be is the kind that trades 70% options and 30% day trading.

Options give a trader the ability to lock in the profit as well as the risk. At the end of the day, we are all trading because we believe we can identify and minimize our downside risk. Currently, my winning day trades gives my account that quick injection of P&L that makes trading feel worthwhile. However, with every winni…

Latest Posts

Managing A Winning Trade Is As Good As It Gets

Getting Cocky 5/3/18

A Lot Of Trading Luck A Bit Of Skill?

Day Trading Trading Through The Rust

Livermore Quotes

The Week Ahead

Patient Bear On Sidelines

Retail Trading Is Not Dead...Yet!

Many Many Many Thanks!

Panic Button