Consolidation day for AAPL...

Today was a slow and boring day for AAPL. Nothing happened beside a fake out breakout around 2:30pm. My day ended around 11:00am today and went off for a awesome bike ride out on the local trails. It was a beautiful day out and didn't want to miss the opportunity. 

Well tomorrow I am looking for nice move to breakout in any direction up or down. Just looking for that breakout. Looking for a move above $594.54 and setting my buy trigger at $594.60 for a breakout high. Also looking for a move below $587.40 and setting my short trigger at 587.30 for a breakout low. I may go for a $2.00 price target based on the inside day candle today. 

Till tomorrow, happy trading!!!

Monday Breakout with Apple by my side.

I went for a good AAPL trade today with a solid move above the prior day's high. Entered the trade with lots of volume to follow and easily made my target within the first 5 minutes. Not, to bad for a day's work. I am sticking with my breakout trades. They seem to work more then any other method for me. They are the easiest to spot. The one thing that makes them work so well is, sticking to stocks you know and understand.

Till next time traders, Happy Trading!!!

Still sitting out...

Apple pushed up pretty strong yesterday. Closing at a price of $594.09, and with a push up pretty fast. I am looking for a pullback as the price has reached Over Bought conditions.

Today it has backed of and is in selling mode right now. Sitting at the top with a doji. I want to see price drop back tomorrow. I have a sell position in now only looking for a $1 move down to play it safe.

If price drops back tomorrow, I will be adding into a Put position for the rest of the week.

Well traders, it has been an exciting couple of days for Apple after they announced earnings. Just play it safe right now until price gives you a better signal. There is a large gap now and gaps like to get filled.

Good luck and Happy Trading!!!

Sitting Out trading day after AAPL earnings report...

Today is a day to sit back and go do something more important. I am a avid Apple trader and this security is the only thing I seem to trade on a daily basis.

After a great earnings report, the price jumped about 40 points after hours and stayed in the $568 territory till open the next morning. When that happens, I will stay out and not play the market that day. There is just to much emotion with the stock and it could be very dangerous.

I am looking to set up for tomorrow after close for a break above the highs of today. It is a doji or dragonfly candle today and has a bias to the upside. What I see is that the price will fall back tomorrow since traders and investors will like to take profits. Then price could bounce higher next week, as being Friday tomorrow with the weekly option expiring. It would be wise to wait for a entry next week. If you are a investor, this could be a good time to set up options for the next quarter. I am looking to make a buy if the stock pulls back a little, and buy options about 4 months out.

Good Luck Traders.... Till next time...

Great day trading Apple...

Busy day of Buying...

Wow, there hasn't been a day like this for a while now. Where the markets are just flying and stocks are following suit. A lot of my alerts to buy stocks today went off at 6:30am this morning till around 7:30am (Pacific Time PST).  It was like gold falling from the sky's today. OK, OK, it was a great day for trading. There, I'm done...

Now I got into a lot of good trades today. Some were (MTB) (XOM) (HBAN) (FISV) (AMZN) (IR) (AAPL) and (FDX) just to name a few. Sold my (SPY) today for a nice profit taking opportunity from hold on to it from last week. Profit target hit on (AET) I was swing trading from last week Thursday. I got stopped out on my (NFLX) trade going short, you win some, you loss some right...

All in All, this week is going to be packed with economic info that may impact the market a little.

1. Tuesday: Consumer Confidence (Consensus 80.0 / Previous 80.7)
2. Wednesday: New Home Sales (Consensus 0.410M / Previous 0.414M)
3. Thursday: Durable Goods Orders (Consensus -0.5% / Previous -4.3%)

                Initial Jobless Claims
                Continuing Jobless Claims
                Fed's Yellen Speech

1. Friday: Gross Domestic Products (Consensus 2.7% / Previous 3.2%)

            GDP Price index (Consensus 1.3% / Previous 2.0%)
            Personal Consumption Expenditures Prices (Consensus 0.7% / Previous 1.9%)


Here is some charts I am still swing trading to my target.

SPY Trade 2-18-2014 LONG...

Well I am going for a long position attacking SPY. This may be a chasing trade, which I am not fond of, but I will give it a shot. I think we could see new highs.  The way the price dropped and then came back so strong it's giving me the indication that traders and investors are coming back after being chased away. The price should hit some kind of resistance around $184.90. If traders and investors continue buying we could easily break through that recent resistance and head higher. Let's hope that is the case...

Here is my Options layout:
(SPY) Mar 14 187.00 CALL / 1 Contract / Swing Position
Buy: $1.25
Stop: $182.63
Target: $187.79

Tesla on the go!!!

Hello traders,
TSLA this weekend and AAPL had a meeting to discuss the possibility of Apple technology integrated into the new Tesla vehicles. Let's see if this will boost both stocks sky high. Looking for a big push higher with earnings in the next days to come. High hopes for Tesla earnings and as a company in general.

So, I went for it and bought into this hype on earnings and the meeting. I went long at $202.28 and setting my stop pretty tight at $197.09. I am looking for a target price of $212.66.

Here is my options layout:
TSLA MAR 14 270.00 CALL / 1 contract / Swing Position
Buy: 1.73  Stop: 197.09  Target: 212.66

Tesla is on the go!!!

Good day traders,

Another home run for Tesla today. Hope everyone was able to jump on that model S and ride it to the top. Wow, Tesla is just unstoppable. Leaving speculators in the dust. Me on the other hand jumped in the morning dip around 10:15am to pick up 2 contracts on the Call side. With earnings coming up on Feb 19th, this is the time to buy with all the volatility in price.

SPY was down this morning with the overseas markets not putting up outstanding numbers to carry us up. It was a small dip this morning but not a slam like other days. Let's hope this week will bring more confidence to the market to stop this sell off.

Also looking at NFLX to fall back to it's 20 MA to signal a buy for me. I think the stock price on the daily is to overbought. I have gotten into a trade like this before when it seemed to make new highs, then watched it fall when I placed my order to go long. That really suck, so now I am just going to wait patiently in the dark till the light shines on me telling me to buy. I just have to be very cautious when trading with a small account size. Take the trades that make the most sense.

Till later traders, good luck and happy trading!!!

Monster Tesla...

Good Morning Traders,

Today I am looking at shorting TSLA if weakness continues. The market has been less then awesome the past week into Monday. Yesterday was another drop kick in your face. Hey, as a trader, we have to look at what is in front of us and be able to stomach the quick moves in either direction. That is what makes us the best at what we do.

I am looking at the 4HR Chart for TSLA and even the daily, and the charts are showing me weakness to come real soon. Tesla is no joke and should not be taken lightly, but this stock is a monster that will pay you in large chunks then turn around and eat you up. This morning alone, the price went from open nice to drop 2 points and now up 3 1/2 points. Now you can see how fast TSLA will turn around and spank you if you are not on your A game.

If you are trading like a swinger and waiting for some good set ups, then you don't have to worry so much. But if you are trading TSLA like a day trader, you need to do work and focus what is in front of you.

Today, I am going to stay on the sell side. If the stock pumps up its kicks and runs toward new highs, then I will switch from sell mode to buy mode. Just got to stay loose and trade with caution.

Good Luck Traders.... Happy Trading...

Great Trading Day...

Finally, a great trading day!!! My numbers are great today. I was intraday trading TSLA and AMZN like a beast today. I stayed very patient waiting for my confirmation entries, and pounced on them like a ninja. I was very pleased with the results.

I was only able to trade twice today with my limited funds that AAPL has left me with. So, I got in there and did not give up. You can't be scared to pull the trigger and make money. You have to get in there guns loaded and start blasting once you see the opportunity. I always treat the market as a battle ground.  Firing at trades hitting your targets.

All-in-all, I came out alive with a added $340 to my account that Apple took from me with that shitty earnings call. OK, I can't get angry about it. I just have to smile and move along.

Till next time, have a great day traders. Don't give up the fight...

Apple... Grrrrr...

"Thank you Apple, for reminding me why I like Android."

This was a big upset for AAPL yesterday. Well, you win some you lose some. That is part of the game. Let's just hope your winners are larger then your losers.

With that being said, I am looking to exit my TWX trade very soon. I am just tired of holding it. I am now switching to defense mode. It is time to swing the big boys like AMZN, TSLA, SPY, and NFLX.  Buy out of the money cheaper and let the profits come to me. I am not looking to hold these positions for a long time. I am looking for small profits to regain strength in the account. It sucks to be punched so low, but now it is time to come back swinging. For the big boys, I am only looking at a 15 min chart and looking for the most volatile time to trade so the option price moves faster. I am just looking for that inflated balloon, and jump on it before it pops.

Well, that is it for now. I will probably write more today about my positions. If I got into something or not. Alright traders, don't get discouraged by losers even though they hurt. You must get up, dust yourself off, and get back in there...

Happy Trading!!!

Another Market Punch...

What is going on with this crazy market?  Another drop from horrible numbers overseas and FX markets. With all this volatility in the market, I decided to put a Hedge on my position with TWX. I am still bullish on my position, but just protecting myself from any downside moves that may occur next week.

Yes, I have bought a Call option for AAPL till Monday's earnings call. I have great expectations for Apple to beat their earnings EPS.

Well, hopefully the market will come back from this bump in the road and we can get back to making money with a upside breakout. Well, maybe not that far, but just far enough for me to make money on my long positions.

I shall keep you posted. Till then, Happy Trading!!!

Amazon Profit Target Hit...

Alright, this was a very good trade today. Market was really bearish all day. That definitely helped out the downside push on Amazon. I took home a tasty profit of $295 in 5min of the opening bell. 

I  am still long (TWX) and today was not good for them. The sellers really didn't want to step in today but it seemed as if everyone's stop orders were getting triggered and pushed the price lower. Well, still holding on and not giving up on them yet. After hours action pushed them back up into positive contention. So we shall see tomorrow... 

I am keeping my eyes on some setups for next week, I will keep you all posted on what trades I may be interested in. 

Tomorrow, I am looking to intraday trade some Apple, Netflix, Amazon, and Tesla. Till then, you all have a good night and happy trading...

Time Warner Trade 1-22-14

Opened up another trade, this time with Time Warner (TWX).

I entered this trade on a bounce off recent support. Price was also showing a Bullish Harami Candle pattern, and today it confirmed with a massive push higher. Today shown a $1.21 push higher with volume confirming it. The buyers stepped in and made themselves known. Let's hope the buyers are in control for a couple days pushing the stock to my profit target. I have a bearish opinion on this stock, and that is why I am setting my price target at only 50% retracement. I think the sellers will step in around that time. Keeping a close eye on this one. Well, here it is...

(TWX) Feb 14 67.50 CALL / 5 Contracts / Swing Trade
Buy: 0.72
Target: 1.10

Amazon Trade 1-22-14

Well here is my first trade from my $500 account...

I decided to start with a small move from Amazon. I noticed that every time amazon made a new high, the sellers came in to push the price down. That meant that traders and investors were taking profits. The price seems to be heading higher as the price action shows it. This is a bold move to short it, but I am just looking for a two day move down to collect some profit. Amazon is overbought at this level and I am looking for a move lower tomorrow and I hope my profit target gets hit. Well, here is my order it is a simple one with no complicated layouts...

(AMZN) 24 Jan 14 (w) 400.00 Put / 2 Contracts / 2 Day Swing

Buy: $1.97  

Profit Target: $2.97

2014 Race to the Top...

Hey everyone...

Hope everyone is having a great beginning to this new year.  I am giving myself a challenge by trading options with a $500 account size. I just want to show traders and beginners that it is possible to trade with little cash. I started trading with this same account size 4 years ago, and it has been a wild ride.  The first deposit I can truly say, I gave it all away. Now I can just laugh at it, but it really sucked. I did not give up though, I kept learning and improving my strategy. Every chance I would get I would be reading about the markets and price action candlestick trading.  I really got stuck looking too much into indicators, and I think that really messed with my trading. I try to keep my trading really simple and easy so I understand what I am doing, without all these indicators manipulating my judgement, so I make the right decision when pulling the trigger. My view is, "If you look at a candle chart and you don't know what is going on, then look the other way." Meaning, look for a chart that is trending or not so choppy up and down with no direction. It will be too tough to gauge, so stick to charts that are moving...

I will try to get my trades in and show you all how I am picking up these trades for a profit. I don't want anyone to follow my moves, because I don't want you losing money on my account. I am going to race my $500 account with options (swing and intraday) to a sum of hopefully $100,000 by the end of 2014.  It is going to be a rollercoaster-of-a-ride, but I am willing to put my trading to the test. I am a full time trader and this is how I make my living!!!