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!!!