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Entries for May, 2006

Option Trades May 2006

Last month, I told you I’ll have my $1000 profits and more back in no time. Well, I gained it all back on the first week of May with TXT! It made a whopping 90% return! Markets were down most of the days but TXT managed to do well consistently.

Balance after exit trades made in May: $3,525.38 (+59.78%)

Jim Rohn’s Vision of the 21st Century

In mid-May, I attended a 2-day seminar and one of the speakers is Jim Rohn. I’ve summarized what he said in this article from the notes I’ve taken during his talk:

Jim Rohn’s Vision of the 21st Century

“More valuable than the money you make, is the person you become”

In the 21st Century, the improvements in technology has created unprecedented opportunity but has also bring in keen competition and the key is to be READY for these unusual opportunities and competition that will arise.

Jim Rohn’s Vision of the 21st Century

In mid-May, I attended a 2-day seminar and one of the speakers is Jim Rohn. I’ve summarized what he said in this article from the notes I’ve taken during his talk:

Jim Rohn’s Vision of the 21st Century

“More valuable than the money you make, is the person you become”

In the 21st Century, the improvements in technology has created unprecedented opportunity but has also bring in keen competition and the key is to be READY for these unusual opportunities and competition that will arise.

Reviews

Striving for Distinction in My Financial Report Card

The author of this website was born in 1983 and will retire at the age of 35. She has never ever written down any of her goals in her life until she made this website which displays her checklist of goals and dreams. She says “it sure feels good to check the items off once I completed a goal!”.




After graduating from college, she was immediately in debt because of her study loan. She is determined to get out of debt and build herself a life-long passive income because she hates to feel guilty when applying for annual leave from her bosses. “It’s my right to apply for leave, but my bosses give me a look of reluctance when I give them my leave form to sign as if I’ve done something wrong!”, she remarked.

Online Radio for Online Business Owners

Online radio for online business owners. Don’t you think the internet is awesome? Niche radio stations like these are a wealth of information:

WsRadio.com
The largest independent Internet talk radio station in the world. Their partners include eBay producing eBay Radio, a full line up for Entrepreneur Radio – “The Voice of Entrepreneur Magazine”, HayHouse Publications and their world renowned authors, along with many other high profile organizations like the American Marketing Association and individuals for business, health, hobby, and special interest shows. Talk shows ranging from eBay, Search Engine Optimization,Internet Marketing, Stamps, Photography, Everyday Wealth to Psychic, etc.

Option Trades April 2006

It’s been a BADDDDDD month! The market was extremely unkind. My biggest loss for the month was MCO, it took away about 70% of my profits (yes, from my recent USD$1000 profit milestone!). Just look at my trades below, you’ll see that I bought 3 contracts at an average price of $2.65 and sold it at a measly $0.05. It was the day that MCO’s earnings was announced and it didn’t meet the analysts’ expectation. At the opening of the market, I made market orders and limit orders to sell MCO but it kept getting rejected… The bid/ask price for MCO’s option was 0/0 and I watched MCO as it dropped like crazy.That went on for about 20 minutes. When the craziness finally stopped, the option finally showed some numbers and it’s 0/0.5… and of course, my stop loss was triggered. OUCH! That was a $780 loss excluding commission.