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Zareth's not-so-legendary journey
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Zareth's not-so-legendary journey

  #31 (permalink)
Elite Member
Toronto, Canada
 
Futures Experience: Beginner
Platform: Questrade
Broker/Data: Questrade
Favorite Futures: Options
 
Posts: 99 since Apr 2013
Thanks: 190 given, 25 received

The trend changed for HD as well looks like. Welp, not sure how their ER next week will be but I guess I'll get on the short side of things for now. I'll see on Monday whether to switch or not.

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  #32 (permalink)
Elite Member
Toronto, Canada
 
Futures Experience: Beginner
Platform: Questrade
Broker/Data: Questrade
Favorite Futures: Options
 
Posts: 99 since Apr 2013
Thanks: 190 given, 25 received

Sold off the 12 contracts I had in HD since the trend direction had decided to go the other way. Took about a 34% loss on it.

This next bit is actually a prediction that I probably shouldn't be making but I'm not expecting the ER from HD to be as positive as analysts are expecting. So I'm going to try to re-position puts in HD. This is an experiment that I might have to write off as a loss as I'm testing something different. We'll see tomorrow.

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  #33 (permalink)
Elite Member
Toronto, Canada
 
Futures Experience: Beginner
Platform: Questrade
Broker/Data: Questrade
Favorite Futures: Options
 
Posts: 99 since Apr 2013
Thanks: 190 given, 25 received


Sold off all my positions. HD was a loss as I had expected. BAC was also a loss as it seems to be consolidating right now. AAPL was a nice 66% profit. Overall, still a gain even with my experiments. I'm still managing to keep my losses small.

Decided to put it all into LOW since their ER is tomorrow morning. Expectation is similar to that of HD even if not as big a movement. Trend seems to be suggesting a break out though so who knows, might give me better profits than I'm expecting. I'd be ok even with a 25% gain though tomorrow.

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  #34 (permalink)
Elite Member
Toronto, Canada
 
Futures Experience: Beginner
Platform: Questrade
Broker/Data: Questrade
Favorite Futures: Options
 
Posts: 99 since Apr 2013
Thanks: 190 given, 25 received

Welp, that turned out badly. I guess their ER wasn't good enough for most people and LOW's trend direction changed. I did notice a nice dip happening with AAPL though. So sold off my LOW contracts and bought 14 AAPL call contracts. I just hope it's not my imagination or hope that's getting involved in buying calls for AAPL instead of puts.

24% loss roughly today.

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  #35 (permalink)
Elite Member
Toronto, Canada
 
Futures Experience: Beginner
Platform: Questrade
Broker/Data: Questrade
Favorite Futures: Options
 
Posts: 99 since Apr 2013
Thanks: 190 given, 25 received

Recouped some of my losses from LOW yesterday. But the trend for AAPL seems to be turning. Decided to sell the calls I had for it and take my profits. Bought 20 calls in OPK since I noticed an uptrend with them. They have an earnings call at the end of the day but to be honest, I'm not expecting too much. Also noticed a downtrend with BABA and bought 10 puts. Bought 15 puts in AAPL as well. Will have to see how it goes.

Sold AAPL calls.
Bought 20 OPK calls strike of $15 and expires on Mar 20, 2015
Bought 10 BABA puts strike of $87.50 and expires on Apr 17, 2015
Bought 15 AAPL puts strike of $125 and expires on Apr 17, 2015

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  #36 (permalink)
Elite Member
Toronto, Canada
 
Futures Experience: Beginner
Platform: Questrade
Broker/Data: Questrade
Favorite Futures: Options
 
Posts: 99 since Apr 2013
Thanks: 190 given, 25 received

Sold off my OPK and BBRY contracts. They both hit the 25% loss cut off point. I'm seeing a lot of consolidation in the companies I've been following lately. Wondering if there's going to be a bear roaring soon or not.

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  #37 (permalink)
Elite Member
Toronto, Canada
 
Futures Experience: Beginner
Platform: Questrade
Broker/Data: Questrade
Favorite Futures: Options
 
Posts: 99 since Apr 2013
Thanks: 190 given, 25 received

Welp, another gamble I took went wrong. Too much emotion from the public attached to LL it seems. Took about a 25%ish loss on it and ran before it went any more down. Holding the position as cash for now while stocks consolidate.

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  #38 (permalink)
Elite Member
Toronto, Canada
 
Futures Experience: Beginner
Platform: Questrade
Broker/Data: Questrade
Favorite Futures: Options
 
Posts: 99 since Apr 2013
Thanks: 190 given, 25 received

Took some losses through some stupid mistakes where I was ignoring the trend. Noticed a small uptrend in TD but bought puts instead of calls without thinking. Lost about 20% on that. Switched sides and fixed it by buying calls in TD now.

Managed to learn some things from these mistakes though. Even though I had kept tacking on the 30 EMA, I never used it but now understand better why it's there. It's a tool that's helpful in determining when a stock is consolidating (sideways trend) easier. Another thing I learned out of this is why people say that you'll have more losses than wins from following the trend. Seems that during a consolidation phases, it's easy for things to turn the other way quickly.

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  #39 (permalink)
Elite Member
Toronto, Canada
 
Futures Experience: Beginner
Platform: Questrade
Broker/Data: Questrade
Favorite Futures: Options
 
Posts: 99 since Apr 2013
Thanks: 190 given, 25 received

Blargh. Screwed up quite a bit. Even though the signs kept telling me to stay out of the market as everything was consolidating, I kept trying to get in. Ended up making a lot of trades that kept going against me and now I'm down to less than what I started with. Welp, another expensive lesson learned. Thankfully, the safety guidelines I had developed have kept me in the game instead of taking me out fully like before. Now to start back from square one (or square/2).

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  #40 (permalink)
Elite Member
Toronto, Canada
 
Futures Experience: Beginner
Platform: Questrade
Broker/Data: Questrade
Favorite Futures: Options
 
Posts: 99 since Apr 2013
Thanks: 190 given, 25 received


Sold off all the contracts I had and bought some calls in TD with strike of $45 and expiry of July, 2015. It's trend seems to be more set now.

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