September Option Trades 2006
Oct.05, 2006 in
Options trading
Made only one trade this month (CYT November $55 Puts). I didn’t want to be holding any trades while I’m on vacation in Bangkok, I haven’t had a good, long vacation for quite a while so it’s nice to breakaway from the computer. The one and only trade made a loss and it also came with my famous mistake (bought naked put by accidentally selling it twice… ARGH). Luckily, I sold CYT’s naked puts at breakeven.
Balance after exit trades made in September: $4,209.49 (-9.99%). Click “read more” to see my trades.
| EXEC TIME | SPREAD | SIDE | QTY | SYMBOL | SPC | EXP | STRIKE | TYPE | PRICE | NET PRICE |
|---|---|---|---|---|---|---|---|---|---|---|
| 9/7/06 22:42:18 | SINGLE | BUY | +3 | CYT | 100 | NOV 06 | 55 | PUT | 4.20 | 4.20 |
| 9/14/06 01:39:11 | SINGLE | SELL | -3 | CYT | 100 | NOV 06 | 55 | PUT | 2.85 | 2.85 |
| RETURN: -32.14% | ||||||||||
| 9/14/06 03:03:30 | SINGLE | SELL | -3 | CYT | 100 | NOV 06 | 55 | PUT | 2.10 | 2.10 |
| 9/23/06 03:08:39 | SINGLE | BUY | +3 | CYT | 100 | NOV 06 | 55 | PUT | 2.20 | 2.20 |
| RETURN: +4.76% | ||||||||||
Total loss for the month: -27.38%
Average loss for the month: -13.69%
November 19th, 2006 at 12:18 am
hi pips,
came to your blog via master ‘0′ equity website. I would like to find out more from u regarding the Star Trading System. Are there any subscriptions to maintain and any software to purchase after learning the system? And judging from a beginning point of view, how difficult would u gauge this for one to learn and pick up the skills in order to trade proficiently?
November 19th, 2006 at 12:22 am
hi pips, came to your blog via master ‘0′ equity website. I would like to find out more from u regarding the Star Trading System. Are there any subscriptions to maintain and any software to purchase after learning the system? And judging from a beginning point of view, how difficult would u gauge this for one to learn and pick up the skills in order to trade proficiently?
November 21st, 2006 at 5:30 am
Hello Eunice, thanks for visiting my website. Yes, there is a software that needs a monthly subscription. It is Worden’s Telechart (http://www.worden.com). It costs USD$29.90 monthly. This is the only expense you’ll incur in the star trading system (after the course fees, that is).
And to answer your 2nd question, it depends whether you know the basics about trading e.g. bid/ask prices, volume, stop losses, etc. If you don’t know these, I’d suggest you open a paper trade (trade simulation) account and play around with it before you get started on the course. Before I started STS, I read a few books on the basics of investing and I opened an account at optionsxpress.com to paper trade, I just bought and sold anything I like to get a feel of the jargons and trading procedures.
All the best!