Posts Tagged ‘trading’

2009: The Year of the Warrior

Tuesday, January 13th, 2009

One of the motivational speakers from Acceleration Training this past weekend said something along the same lines as The Secret:

You have EXACTLY what you deserve in your life right now.

Therefore, if you don’t like what you’ve got, or you want more, YOU need to change something. Do something different, hang out with different people, break your bad habits! 2009 is the year of the warrior. Are you going to step up and make things happen, or are you going to quiver in fear?

$500/Day

Tuesday, December 2nd, 2008

I’m addicted to trading Futures now.

I didn’t have the guts to do it for the past year.  I’ve watched them, I’ve papertraded them.  My strategy for entering and exiting trades really isn’t any different than what I do when I trade options.  Its just a LOT faster.  I’m only trading one contract, which requires a 10pt move to make $500.  The past few days, we have gotten crazy swings, so as soon as a key retracement level is hit, I jump in.  I’ve been using the free emails from the Retracement Levels website.  It’s downright eery how precise they are!  Check out today’s newsletter.

Some of the Smartest (and Stupidest) Things I’ve done in my life

Monday, November 24th, 2008

Smartest
1. Went to one of the first www.dancerwealth.com seminars that Adam conducted five years ago.  It completely shifted my way of thinking from a wage or hourly based employee mindset to a business owner mindset.

2. I cashed out the equity in my home to pay for my PhD education at www.investools.com and spend much of the last two and a half years observing and learning how to trade the stock market.  The other option I was evaluating in May 2006 was purchasing a rental property.

Naked Strangle

Wednesday, April 16th, 2008

I’m toying with the idea of doing a naked strangle instead of an iron condor on the $RUT for June.  I’ve had the pleasure of chatting with other Optionaddicts this week concerning my Iron Condor rules.  I usually trade 5 contracts on the iron condor, which means 20 commissions (counting all four legs of the trade) to get in and 20 commissions to get out which is $60 per iron condor.  If I do a naked strangle I only need to sell 1 contract and have two legs for the same margin requirement.  That translates to $6 in total commission charges instead of $60, and roughly the same amount of risk.  Don’t us traders have dirty mouths?

Trading the Stock Market

Monday, March 17th, 2008

This is precisely why I hit mute when watching CNBC. 

I had my BEST day in the market today.  EVER.  

Thankfully stripping is a night time job, so the only time I don’t have access to my trade station is when I force myself to go to the gym during Wall Street’s Lunch Hour.  By the time I finish with my 90 minute daily workout, I can sip a Muscle Milk Lite shake and watch the close.

Animal House

Monday, November 5th, 2007

Since I don’t have human children, I have eight animals in my house.  They are much easier than humans.  When Vinnie and I want to take off for the weekend, we just have to call “Aunt Mary” our petsitter.  She has the keys to our house and has watched over our brood since we met her at Gilbert’s Bark-toberfest in 2003.


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