NEWS: On the website today we will have a NEW pivot point calculator in Excell format, in addition to our "online calculator."
This pivot point calculates a "more extended s3/r3 calculation" than the "online calculator" we offer in the password protected areas. Traders are successful these days most by re-calculating the OEX and Dow both midday to see support/resistance lines within the volatility. Please make use of this great new tool.
As expected our buy on the May400C the day prior was smart and this option sold to highs of 15.90 before 2.00 p.m. New traders were also able to enter this trade as low as 12.13, not far a buy "up" from 10.90 close, and also have the capability of selling several times for $2.00 and up per contract profits. And, as the market went right to our 8250 tops put traders took inventory in the May400P for 7.90 area. We're calling these past few weeks to a T, and hope to continue an impeccable win ratio. We closed the day yesterday with top profits to the call, and a first buy to the put. We believe the market hit resistance lines yesterday that would surprise us if bulls can "continue past" without a consolidation.
We are clearly trying to show reference within alerts this week to the historical moves of our Dow projections, and how each day we come right within bounds of the highs and lows, and it's part of how we are trading successfully.
Market downturn we think likely, over time or in an hour (the way this market moves) will hold at 7837 area, pending economic babbles or a pandemic.
Study every section of this alert in detail. It's got much more information in it, and more detail. Floyd is working on new videos showing our trades also.
By day end the market fell and put traders were also able to profit for day traders for some nice swing trade money, and we still hold .
The market drop at 3:45 p.m. showed a hesitancy in the bull armor.
Thursday, April 30, 2009
Wednesday, April 29, 2009
Day Traders Must Recalculate
Many traders with OEX Options are not familiar with our other service, www.bluechipoptions.com
A recent example of how we trade is: On 4/21 we took inventory in DJXEB May 80.00 Call, a then in the money call available at 2.00. We held this until 4/24, and sold it at 2.80.
The DJX, or the Dow itself, moves in almost direct correlation to the OEX and our Blue Chip service lists the tools for the experienced trader to pick their own option around our recommendations of support and resistance lines.
At OEX Options our alerts are so complete you have EVERY tool to analyze the market and can begin to follow how the other indices also track (DJX and SPX) and can "watch the entire market breathe" around the indices that drive it.
Traders that owned the May 440P were profitable to 15.50. Many traders took inventory on this the day prior while the upside gap was occurring. We'll still hold it as an open signal for potential market and still consider it a new buy at the right price.
Yesterday we saw classic flat lining again. If day trading it is imperative you recalculate both the Dow and OEX no later than 12 noon to find the "closer" moves for S1, R1, et al in a flat lining market that keeps being propped up.
The FOMC babbles today at 2.15 p.m. Whipsaw often occurs around the FED announcement, with typical euphoria on any good news that Bernanke is able to make out of his statement, and on any bad news as it is analyzed.
We also continue to see a potential run at an upside to our Dow projections again, before consolidation, but the market flat lining has us baffled, as the market does not respond to good news.
Swine Flu pandemic the talking heads say is affecting the market, and we've learned that BOA and C need more cash for safety.
Today we'll have a two way trade potential, noting the high risk to the straddle.
----------------------------
Floydian Therapy:
❑ If you are really doing something you don’t want, but don’t know it, only your awareness of what you are doing (the witness) can help you discover the belief you have that isn’t serving you.
❑ When you really focus your mind you can focus on what you want, what you want to move towards, and create, OR on what you don’t want, which is when you are afraid, worried, stressed, or confused.
❑ Right now think of “not an elephant”. To do so you have to make a picture of an elephant.
❑ Any time you have a bad feeling, you are focusing on what you don’t want.
You can’t have a bad feeling without focusing on what you don’t want. You must notice what you focusing on.
❑ How many negative words do you use? “Not, bad, no, don’t, avoid”...you are obviously thinking about what you don’t want. Notice your internal pictures and thoughts.
❑ The hardest job is reversing what you have let yourself become. At first you are focusing on what you don’t want (unconscious incompetence), and you don’t even know you’re doing it. Then you’re doing it, and you’re aware that you are doing it (conscious incompetence), but aren’t doing anything about it, and then, you’re doing it (conscious competence), and really making progress, but you really have to work at it...and then, you’re finally NOTICING and instantly changing your focus on what you want, and it’s natural and automatic (unconscious competence).
If you are interested in learning more about Floydian Therapy:
Write me at : floydiantherapy@gmail.com
Sign up at: http://www.oexoptions.com/pages/FloydianTherapy.html
A recent example of how we trade is: On 4/21 we took inventory in DJXEB May 80.00 Call, a then in the money call available at 2.00. We held this until 4/24, and sold it at 2.80.
The DJX, or the Dow itself, moves in almost direct correlation to the OEX and our Blue Chip service lists the tools for the experienced trader to pick their own option around our recommendations of support and resistance lines.
At OEX Options our alerts are so complete you have EVERY tool to analyze the market and can begin to follow how the other indices also track (DJX and SPX) and can "watch the entire market breathe" around the indices that drive it.
Traders that owned the May 440P were profitable to 15.50. Many traders took inventory on this the day prior while the upside gap was occurring. We'll still hold it as an open signal for potential market and still consider it a new buy at the right price.
Yesterday we saw classic flat lining again. If day trading it is imperative you recalculate both the Dow and OEX no later than 12 noon to find the "closer" moves for S1, R1, et al in a flat lining market that keeps being propped up.
The FOMC babbles today at 2.15 p.m. Whipsaw often occurs around the FED announcement, with typical euphoria on any good news that Bernanke is able to make out of his statement, and on any bad news as it is analyzed.
We also continue to see a potential run at an upside to our Dow projections again, before consolidation, but the market flat lining has us baffled, as the market does not respond to good news.
Swine Flu pandemic the talking heads say is affecting the market, and we've learned that BOA and C need more cash for safety.
Today we'll have a two way trade potential, noting the high risk to the straddle.
----------------------------
Floydian Therapy:
❑ If you are really doing something you don’t want, but don’t know it, only your awareness of what you are doing (the witness) can help you discover the belief you have that isn’t serving you.
❑ When you really focus your mind you can focus on what you want, what you want to move towards, and create, OR on what you don’t want, which is when you are afraid, worried, stressed, or confused.
❑ Right now think of “not an elephant”. To do so you have to make a picture of an elephant.
❑ Any time you have a bad feeling, you are focusing on what you don’t want.
You can’t have a bad feeling without focusing on what you don’t want. You must notice what you focusing on.
❑ How many negative words do you use? “Not, bad, no, don’t, avoid”...you are obviously thinking about what you don’t want. Notice your internal pictures and thoughts.
❑ The hardest job is reversing what you have let yourself become. At first you are focusing on what you don’t want (unconscious incompetence), and you don’t even know you’re doing it. Then you’re doing it, and you’re aware that you are doing it (conscious incompetence), but aren’t doing anything about it, and then, you’re doing it (conscious competence), and really making progress, but you really have to work at it...and then, you’re finally NOTICING and instantly changing your focus on what you want, and it’s natural and automatic (unconscious competence).
If you are interested in learning more about Floydian Therapy:
Write me at : floydiantherapy@gmail.com
Sign up at: http://www.oexoptions.com/pages/FloydianTherapy.html
Tuesday, April 28, 2009
What is the "Count" you Speak of in the Daily Alert
The market hit highs last Friday that appear to be strong resistance, and futures were very negative pre market, only to open just a bit down, and have most of the day struggle around the pivot.
The Swine Flu epidemic was the fear trigger for yesterday's market, but a very difficult market to trade. Traders were profitable in the May 380 Put (1.00 profits) and the May 400Put for $2.00 to 3.50 and up contracts in tight day trading.
No buys to the call were made with futures over 100 points down.
This was NOT a volatile day, making trading "flat lining" hard to do.
_______________
"What is the count you speak of in the Daily alert?"
Many subscribers in Level 2 service as us what we mean by "count" and the numbers after it. In our Level 3 service we outline how we calculate this count. Simply put, Floyd utilizes a bell curve analysis for overbought (put) and oversold (call) conditions. With 0 as having no bias as the market climbs over a period of days or hours we calculate "norms" based on using the High/Low/Open/Close of a high volume index option and a series of calculations to define the "bias".
If the "count is 4 to the call" this means the bias is to the call, to a "count" of 4. 10 is the highest "count" to the call, meaning the market has reached highs and is LIKELY to hit resistance lines and falter. The higher a count gets to 10 the most likely reversal will take place".
When the bias is 0 to 2, to put or call, it's an "undefined bias" with few statistical odds to define the longer term bias.
At Level 3 we teach the calculations of how we reach "the count".
Here's a true summary of our banking crisis: (Thanks to MP for reminding me of this)
http://www.pbs.org/moyers/journal/04032009/watch.html
And here's what the IMF is up to. It's important you understand WHO the IMF is, and how they are trying to control the price of gold:
> http://online.wsj.com/article/SB124078772568857401.html#mod=article-outset-box
And trader MP wrote again, to discuss our subscriber that quit. His writing is in italics and explains well what I am trying to teach.
From the subscriber that left: "I need to know exactly what to do, what price to pay and when to sell. I can't see that in your service, as you make me think out what I am doing myself."
Let me tell you something brother...I used to think similar to your subscriber and you know what...I realized that thinking like that gets you nowhere but dependent on someone else...I want to KNOW how to trade this freakin' market ON MY OWN!!! Your service is helping me do that! Thank you my friend...Even though I have not made any money yet with your service (ONLY because I broke rules and tried my own stupid things)...when (not if) but WHEN I am able to replace my account I am VERY CONFIDENT that I am going to make some serious money...VERY CONFIDENT!!!
This is because following your service everyday is teaching me how to truly understand and follow rules and I'm most especially learning about myself, my trading tolerance and style...
Now regarding the circle of pain...for the life of me I continue to crave sugar and I continue to procrastinate...I don't want to waste time anymore by putting things off and I don't want to binge eat anymore...the PAIN involved is getting on my nerves...so in order to leave this circle - does it even matter WHY I do these things? Do I even have to know why in order to stop...and WHY are some circles so difficult to get out of? Because these circles are so familiar and we fear the unknown?
Floydian Therapy:
❑ All effective personal growth approaches are really just ways to get you to focus on what you want.
❑ Carry a 3 X 5 card with you for two weeks. Make a mark on your card each time you notice yourself focusing on something you don’t want. When you notice yourself doing this, ask what is you do want. Write it down. Keep track of your notes for two weeks, and learn about yourself.
Knowing what you want vs. doing what you don't want is key. Want does not mean " a new car", want means "who do you want to be?"
Join me if you are interested in Private Counseling with Floydian Therapy:
Write me at : floydiantherapy@gmail.com
Sign up at: http://www.oexoptions.com/pages/FloydianTherapy.html
The Swine Flu epidemic was the fear trigger for yesterday's market, but a very difficult market to trade. Traders were profitable in the May 380 Put (1.00 profits) and the May 400Put for $2.00 to 3.50 and up contracts in tight day trading.
No buys to the call were made with futures over 100 points down.
This was NOT a volatile day, making trading "flat lining" hard to do.
_______________
"What is the count you speak of in the Daily alert?"
Many subscribers in Level 2 service as us what we mean by "count" and the numbers after it. In our Level 3 service we outline how we calculate this count. Simply put, Floyd utilizes a bell curve analysis for overbought (put) and oversold (call) conditions. With 0 as having no bias as the market climbs over a period of days or hours we calculate "norms" based on using the High/Low/Open/Close of a high volume index option and a series of calculations to define the "bias".
If the "count is 4 to the call" this means the bias is to the call, to a "count" of 4. 10 is the highest "count" to the call, meaning the market has reached highs and is LIKELY to hit resistance lines and falter. The higher a count gets to 10 the most likely reversal will take place".
When the bias is 0 to 2, to put or call, it's an "undefined bias" with few statistical odds to define the longer term bias.
At Level 3 we teach the calculations of how we reach "the count".
Here's a true summary of our banking crisis: (Thanks to MP for reminding me of this)
http://www.pbs.org/moyers/journal/04032009/watch.html
And here's what the IMF is up to. It's important you understand WHO the IMF is, and how they are trying to control the price of gold:
> http://online.wsj.com/article/SB124078772568857401.html#mod=article-outset-box
And trader MP wrote again, to discuss our subscriber that quit. His writing is in italics and explains well what I am trying to teach.
From the subscriber that left: "I need to know exactly what to do, what price to pay and when to sell. I can't see that in your service, as you make me think out what I am doing myself."
Let me tell you something brother...I used to think similar to your subscriber and you know what...I realized that thinking like that gets you nowhere but dependent on someone else...I want to KNOW how to trade this freakin' market ON MY OWN!!! Your service is helping me do that! Thank you my friend...Even though I have not made any money yet with your service (ONLY because I broke rules and tried my own stupid things)...when (not if) but WHEN I am able to replace my account I am VERY CONFIDENT that I am going to make some serious money...VERY CONFIDENT!!!
This is because following your service everyday is teaching me how to truly understand and follow rules and I'm most especially learning about myself, my trading tolerance and style...
Now regarding the circle of pain...for the life of me I continue to crave sugar and I continue to procrastinate...I don't want to waste time anymore by putting things off and I don't want to binge eat anymore...the PAIN involved is getting on my nerves...so in order to leave this circle - does it even matter WHY I do these things? Do I even have to know why in order to stop...and WHY are some circles so difficult to get out of? Because these circles are so familiar and we fear the unknown?
Floydian Therapy:
❑ All effective personal growth approaches are really just ways to get you to focus on what you want.
❑ Carry a 3 X 5 card with you for two weeks. Make a mark on your card each time you notice yourself focusing on something you don’t want. When you notice yourself doing this, ask what is you do want. Write it down. Keep track of your notes for two weeks, and learn about yourself.
Knowing what you want vs. doing what you don't want is key. Want does not mean " a new car", want means "who do you want to be?"
Join me if you are interested in Private Counseling with Floydian Therapy:
Write me at : floydiantherapy@gmail.com
Sign up at: http://www.oexoptions.com/pages/FloydianTherapy.html
Monday, April 27, 2009
This is a Skill
Friday the market hit highs of 8167, very close to the 8250 top we saw to the market. There is more potential upside to 8326, but make note the count is now 8 and the market is oversold.
The May 400C was profitable to 13.20, for almost a 100% for traders selling final partials, and traders may have taken a first buy to the May 380P at 5.40 during the market run up in the a.m.
We've had such great successes with our recent options, now profitable 10 straight days, and have had the same run of success in our www.bluechipoptions.com site.
Recently we saw calls on Citi rise 48% and calls on Amazon just hit 35% increases, in less than 7 day holds. Our recent investment in a stock that is severely undervalued is up 40% from it's low, and 10% from our recent "second buy" suggestion.
We see market tops shortly, and a downside consolidation.
Floydian Soapbox: Recently a new subscriber left us, and when asked, said "I need to know exactly what to do, what price to pay and when to sell. I can't see that in your service, as you make me think out what I am doing myself".
I wish this guy luck, but it got me thinking: this is not easy stuff. This is a skill that can return you 20% or more a day, and provide consistent full time income if prudently invested and studied. It takes study, and I'm here to help you study.
Use this alert. It's the most comprehensive pre market summary on the market and is used by professional traders simply for the "read of the market".
-------------
Floydian Therapy:
Here's the last section of our Circle of Pain article, which we hope has been helpful to you.
The full article is available at: http://www.oexoptions.com/FloydTherapy/CircleOfPain.pdf
We all live in pain. We often choose to create much of this pain. We also spend much of our lives doing what we do not want, and then complain, overeat, get divorced, or drink to excess because we are unhappy, doing what we do not want.
To exit a circle of pain one must know that one is in a circle and that the circle is insidious and will not end without a planned exit. You must choose to leave the circle, to find the events you will say “no” to, or you must come to accept the circles you choose.
There are consequences to each decision. Floydian Therapy will walk you through the process.
You are what you decide.
If interested in learning about our transpersonal life coach counseling, Floydian Therapy, contact us at floydiantherapy@gmail.com
Disclaimer: All examples in this article are meant for educational purposes only. Any resemblance to real persons, living or dead is purely coincidental. If you think this is “you,” it probably is.
The May 400C was profitable to 13.20, for almost a 100% for traders selling final partials, and traders may have taken a first buy to the May 380P at 5.40 during the market run up in the a.m.
We've had such great successes with our recent options, now profitable 10 straight days, and have had the same run of success in our www.bluechipoptions.com site.
Recently we saw calls on Citi rise 48% and calls on Amazon just hit 35% increases, in less than 7 day holds. Our recent investment in a stock that is severely undervalued is up 40% from it's low, and 10% from our recent "second buy" suggestion.
We see market tops shortly, and a downside consolidation.
Floydian Soapbox: Recently a new subscriber left us, and when asked, said "I need to know exactly what to do, what price to pay and when to sell. I can't see that in your service, as you make me think out what I am doing myself".
I wish this guy luck, but it got me thinking: this is not easy stuff. This is a skill that can return you 20% or more a day, and provide consistent full time income if prudently invested and studied. It takes study, and I'm here to help you study.
Use this alert. It's the most comprehensive pre market summary on the market and is used by professional traders simply for the "read of the market".
-------------
Floydian Therapy:
Here's the last section of our Circle of Pain article, which we hope has been helpful to you.
The full article is available at: http://www.oexoptions.com/FloydTherapy/CircleOfPain.pdf
We all live in pain. We often choose to create much of this pain. We also spend much of our lives doing what we do not want, and then complain, overeat, get divorced, or drink to excess because we are unhappy, doing what we do not want.
To exit a circle of pain one must know that one is in a circle and that the circle is insidious and will not end without a planned exit. You must choose to leave the circle, to find the events you will say “no” to, or you must come to accept the circles you choose.
There are consequences to each decision. Floydian Therapy will walk you through the process.
You are what you decide.
If interested in learning about our transpersonal life coach counseling, Floydian Therapy, contact us at floydiantherapy@gmail.com
Disclaimer: All examples in this article are meant for educational purposes only. Any resemblance to real persons, living or dead is purely coincidental. If you think this is “you,” it probably is.
Friday, April 24, 2009
Taking Profits with the Skill of a Surgeon
The word is dire. The IMF (International Monetary Fund) has very clearly identified that we are in a recession equal to our Great Depression, and that it will get worse before better.
I trust this commentary. They are seeing the world picture, and see what nations are buying gold. While gold dipped in recent months the IMF was reporting nations worldwide buying more of gold, while retail demand slipped.
Study this article
http://online.wsj.com/article/SB124040469973043357.html
George Soros, the billionaire investor, also believes a tripling of nationalized cash infusion will have to take place, world wide, and that our alternatives of allowing the free market to play out are far from the reality of empty freighters waiting in China, and our automobile companies bankrupting.
For 10 years we have built our wealth entirely in "numbers and paper" via the financial sector, with little regulation, and no understanding world wide of what we were "doing".
Thusly, when we are profitable 8 times straight in recent trades, and all profits have exceeded 20% (most averaging 35%) we emphasize to you that in the current market environment I can't think of any investor who would not be happy with 20% returns. I see this as almost impossible in the stock market, and see index option trading as a skill that is much like a surgeon's, taking facts, intuition, and the control of nerves.
___
Two way profits again yesterday, outlined in detail in our Open and New signals. We're hitting on all cylinders. Day traders have reported 13 to 15 profitable trades in the past 9 market days.
Floydian Therapy:
The Circle of Pain continued....
Full article at: http://www.oexoptions.com/FloydTherapy/CircleOfPain.pdf
Breaking out of a circle requires first identifying that one is in one.
Much like an addict, it is coming to terms with the powerlessness you have over the situation, and how the circle of pain becomes something you simply now automatically join, and cannot seem to get out of.
Imagine a giant Ferris wheel. You are not strapped in, and have no partner.
You have given your ticket and the ride has begun. The announcer says “this ride will go fast, or slow, and you will only be allowed off for bathroom and food breaks, when we tell you.”
“Here goes!”
That is the circle of pain.
SIX STEPS TO BREAKING A PATTERN
1. Identify the issue. This is key, and sounds simple, but is the hardest step.
You must clearly write down the complete issue you, and the partners in your
circle of pain, deal with.
2. Who in the circle of pain wants it to continue? There is likely someone that benefits from the pain you are in, although they would not see it that way.
What needs to change to make this person or people in the drama either not
want it to continue, or be forced to work to your rules as you exit the circle?
3. Where are the exit points? Remember, there are entry points to the circle of pain, and it is these same entry points that can allow your exit. What are they?
Ex: The family that constantly enables their children with money could put a
“trustee” in charge of the money, so that the Father did not control, and the
adult children had to see a “trustee” to deal with what they got for free.
4. Do you down deep enjoy the drama and not want the pain to end? You must
be very honest here, as many participants in “bad drama” seem to be “driven”
to stay in the situation as they are “lost” without the “game of the circle.” You
must find out if you are one of these people.
5. Find the quadrant or sector that you define will lead the exit. Tell the
other participants in the circle that you intend to do so, and how. There is
ALWAYS more than one person in a circle of pain.
6. Form the plan and exit the quadrant. Study the responses, both your own, and the other members of the circle, and write down to yourself what is taking place and what you will do differently.
If you are interested in learning more about Floydian Therapy:
Write me at : floydiantherapy@gmail.com
Sign up at: http://www.oexoptions.com/pages/FloydianTherapy.html
I trust this commentary. They are seeing the world picture, and see what nations are buying gold. While gold dipped in recent months the IMF was reporting nations worldwide buying more of gold, while retail demand slipped.
Study this article
http://online.wsj.com/article/SB124040469973043357.html
George Soros, the billionaire investor, also believes a tripling of nationalized cash infusion will have to take place, world wide, and that our alternatives of allowing the free market to play out are far from the reality of empty freighters waiting in China, and our automobile companies bankrupting.
For 10 years we have built our wealth entirely in "numbers and paper" via the financial sector, with little regulation, and no understanding world wide of what we were "doing".
Thusly, when we are profitable 8 times straight in recent trades, and all profits have exceeded 20% (most averaging 35%) we emphasize to you that in the current market environment I can't think of any investor who would not be happy with 20% returns. I see this as almost impossible in the stock market, and see index option trading as a skill that is much like a surgeon's, taking facts, intuition, and the control of nerves.
___
Two way profits again yesterday, outlined in detail in our Open and New signals. We're hitting on all cylinders. Day traders have reported 13 to 15 profitable trades in the past 9 market days.
Floydian Therapy:
The Circle of Pain continued....
Full article at: http://www.oexoptions.com/FloydTherapy/CircleOfPain.pdf
Breaking out of a circle requires first identifying that one is in one.
Much like an addict, it is coming to terms with the powerlessness you have over the situation, and how the circle of pain becomes something you simply now automatically join, and cannot seem to get out of.
Imagine a giant Ferris wheel. You are not strapped in, and have no partner.
You have given your ticket and the ride has begun. The announcer says “this ride will go fast, or slow, and you will only be allowed off for bathroom and food breaks, when we tell you.”
“Here goes!”
That is the circle of pain.
SIX STEPS TO BREAKING A PATTERN
1. Identify the issue. This is key, and sounds simple, but is the hardest step.
You must clearly write down the complete issue you, and the partners in your
circle of pain, deal with.
2. Who in the circle of pain wants it to continue? There is likely someone that benefits from the pain you are in, although they would not see it that way.
What needs to change to make this person or people in the drama either not
want it to continue, or be forced to work to your rules as you exit the circle?
3. Where are the exit points? Remember, there are entry points to the circle of pain, and it is these same entry points that can allow your exit. What are they?
Ex: The family that constantly enables their children with money could put a
“trustee” in charge of the money, so that the Father did not control, and the
adult children had to see a “trustee” to deal with what they got for free.
4. Do you down deep enjoy the drama and not want the pain to end? You must
be very honest here, as many participants in “bad drama” seem to be “driven”
to stay in the situation as they are “lost” without the “game of the circle.” You
must find out if you are one of these people.
5. Find the quadrant or sector that you define will lead the exit. Tell the
other participants in the circle that you intend to do so, and how. There is
ALWAYS more than one person in a circle of pain.
6. Form the plan and exit the quadrant. Study the responses, both your own, and the other members of the circle, and write down to yourself what is taking place and what you will do differently.
If you are interested in learning more about Floydian Therapy:
Write me at : floydiantherapy@gmail.com
Sign up at: http://www.oexoptions.com/pages/FloydianTherapy.html
Thursday, April 23, 2009
Pivot Point Struggle
Yesterday the market was a classic study. Floyd entered pre market with a best buy price of 10.10 or less on our call, and filled at 10.00. Two hours later I had sold off at 12.70 within two hours.
I recalculated the Dow at opening and used these new support and resistance projections to see what were the short term variables. Under this scenario the Dow hit r3 by 11 a.m., and retreated, to regroup around 2.15 p.m. after it had headed back to the pivot point to the middle of the day. For those working with me in "loving an option" I did all of these projections watching only one option, the May 400 Call, which I've bought and sold profitably several times already, around s/r lines.
We continue to believe the market is poised for another 300 point move, and with more bias to the call. Earnings are showing mixed results, and the mood overall remains optimistic, despite a myriad of opinions and data.
However, watching the pivot point struggle, we may begin to now see whipsaw and we'll make special note within our Dow projections of stopping points.
So, two signals, but the bias to the call. Let's keep our winning streak going.
Thanks for your kind comments, subscribers, on the Circle of Pain article we're sharing this week. It should help you understand the emotions that are part of your day to day trading, and why.
Floydian Therapy:
More on the Circle of Pain. Full article at : http://www.oexoptions.com/FloydTherapy/CircleOfPain.pdf
Let’s create a few examples of circles of pain that you may know well.
The Circle of Pain
“I can’t stop picking on my wife, and arguing with her”
You can almost picture how many dramas occur within this circle, from lack of sex, to arguing, to children that are hurt, to a wife that feels abused, and you that feel “not understood.”
There is an anger here that must come up, be “let go of,” or dealt with. It permeates both of your lives.
The Circle of Pain
“When I decide to buy something I go on buying streaks and spend way more money than I should, then I feel regretful, but I go out and buy again. I can’t stop.”
You know this situation. You are the person, or know someone like this. You can’t stop buying things, far more than you need.
You probably do this because you feel empty, and are “filling yourself.” Depression.
The Circle of Pain
“When I trade in the stock market, or options, I always buy at the wrong time, and sell at the worse time, and I lose money all the time. I keep trying, and sometimes I make money and then am invincible and very greedy, only to go back to losing money, way more than I can afford to lose.”
This is many investors, as the average Joe is the culprit the market makers use to control the market, and investing becomes desperation, or addiction. Emotional people trade logically, and logical people trade emotionally. All people, and the market itself, is driven by:
-cause and effect
-fear and greed
-supply and demand
How you react to the variables within your emotions defines your logic in the market.
If you are interested in learning more about Floydian Therapy:
Write me at : floydiantherapy@gmail.com
Sign up at: http://www.oexoptions.com/pages/FloydianTherapy.html
I recalculated the Dow at opening and used these new support and resistance projections to see what were the short term variables. Under this scenario the Dow hit r3 by 11 a.m., and retreated, to regroup around 2.15 p.m. after it had headed back to the pivot point to the middle of the day. For those working with me in "loving an option" I did all of these projections watching only one option, the May 400 Call, which I've bought and sold profitably several times already, around s/r lines.
We continue to believe the market is poised for another 300 point move, and with more bias to the call. Earnings are showing mixed results, and the mood overall remains optimistic, despite a myriad of opinions and data.
However, watching the pivot point struggle, we may begin to now see whipsaw and we'll make special note within our Dow projections of stopping points.
So, two signals, but the bias to the call. Let's keep our winning streak going.
Thanks for your kind comments, subscribers, on the Circle of Pain article we're sharing this week. It should help you understand the emotions that are part of your day to day trading, and why.
Floydian Therapy:
More on the Circle of Pain. Full article at : http://www.oexoptions.com/FloydTherapy/CircleOfPain.pdf
Let’s create a few examples of circles of pain that you may know well.
The Circle of Pain
“I can’t stop picking on my wife, and arguing with her”
You can almost picture how many dramas occur within this circle, from lack of sex, to arguing, to children that are hurt, to a wife that feels abused, and you that feel “not understood.”
There is an anger here that must come up, be “let go of,” or dealt with. It permeates both of your lives.
The Circle of Pain
“When I decide to buy something I go on buying streaks and spend way more money than I should, then I feel regretful, but I go out and buy again. I can’t stop.”
You know this situation. You are the person, or know someone like this. You can’t stop buying things, far more than you need.
You probably do this because you feel empty, and are “filling yourself.” Depression.
The Circle of Pain
“When I trade in the stock market, or options, I always buy at the wrong time, and sell at the worse time, and I lose money all the time. I keep trying, and sometimes I make money and then am invincible and very greedy, only to go back to losing money, way more than I can afford to lose.”
This is many investors, as the average Joe is the culprit the market makers use to control the market, and investing becomes desperation, or addiction. Emotional people trade logically, and logical people trade emotionally. All people, and the market itself, is driven by:
-cause and effect
-fear and greed
-supply and demand
How you react to the variables within your emotions defines your logic in the market.
If you are interested in learning more about Floydian Therapy:
Write me at : floydiantherapy@gmail.com
Sign up at: http://www.oexoptions.com/pages/FloydianTherapy.html
Wednesday, April 22, 2009
We are Truly on a Roll!
We are truly on a roll! After record profits Monday on both open puts, we hit well on the May400C today, reversing the downside, with buys as low as 8.20 and sells as high as 10.30 by 2 p.m.
Traders reported nice 1.50 per contract day trades, and later .70 moves on this option as the market hesitated. The fact that the downside was slight, and tight, and that futures were very "flat" made traders not take entry to the higher risk put.
We are trying to report how the market has moved recently up until the 2 p.m. hour, as we notice we can often day trade profit before this period, leading up to the "3 p.m. run", that with index options runs to 4.15 p.m. EST
The market hit 7972 and lows of 7741 in trading by 2.15 EST, with an almost immediate return to upturn.
Gold gained over the past few days, a sign of uncertainty on the USD, and rising demand for gold in India. The IMF just gave the U.S. the most scathing report one could imagine, that simply tells us we we will be nationalizing and paying off our sins for years, with no choice. George Soros, my idol, made billions shorting the market many times, and he believes the market is not yet healthy, and we have more to "learn" about what has been done.
Earnings reports are muted, but financials are showing that "this might work," and Obama hints brilliantly through Geitner that there may be more money needed to be spent. Floyd believes our government will be spending much more, and that we all will be paying for it and that it's all good......a complete reversal must take place than a financial sector run by scam artists controlling the money of the world, leading even the price of oil, the core resource we're now only beginning to "deal with"
Soros is dead right, as are the bullish that see the upside. We think this upside will come first, and show even more optimism, short term.
We will take a break from our Circle of Pain article today, available in full at: http://www.oexoptions.com/FloydTherapy/CircleOfPain.pdf
Subscribers to our Advanced Mentoring or Floydian Therapy services make full use of articles and thinking like this. At OEX Options we are here to teach you the nuances of trading, and of yourself.
We believe stock trading is emotional in index option trading, and can be used to our advantage. Formula or auto broker does not work because the subtleties of the bid/ask and how to "play the other trader" to buy up, or sell down, are a great part of index trading.
When trading index options we are actually trading against others emotions.
Traders reported nice 1.50 per contract day trades, and later .70 moves on this option as the market hesitated. The fact that the downside was slight, and tight, and that futures were very "flat" made traders not take entry to the higher risk put.
We are trying to report how the market has moved recently up until the 2 p.m. hour, as we notice we can often day trade profit before this period, leading up to the "3 p.m. run", that with index options runs to 4.15 p.m. EST
The market hit 7972 and lows of 7741 in trading by 2.15 EST, with an almost immediate return to upturn.
Gold gained over the past few days, a sign of uncertainty on the USD, and rising demand for gold in India. The IMF just gave the U.S. the most scathing report one could imagine, that simply tells us we we will be nationalizing and paying off our sins for years, with no choice. George Soros, my idol, made billions shorting the market many times, and he believes the market is not yet healthy, and we have more to "learn" about what has been done.
Earnings reports are muted, but financials are showing that "this might work," and Obama hints brilliantly through Geitner that there may be more money needed to be spent. Floyd believes our government will be spending much more, and that we all will be paying for it and that it's all good......a complete reversal must take place than a financial sector run by scam artists controlling the money of the world, leading even the price of oil, the core resource we're now only beginning to "deal with"
Soros is dead right, as are the bullish that see the upside. We think this upside will come first, and show even more optimism, short term.
We will take a break from our Circle of Pain article today, available in full at: http://www.oexoptions.com/FloydTherapy/CircleOfPain.pdf
Subscribers to our Advanced Mentoring or Floydian Therapy services make full use of articles and thinking like this. At OEX Options we are here to teach you the nuances of trading, and of yourself.
We believe stock trading is emotional in index option trading, and can be used to our advantage. Formula or auto broker does not work because the subtleties of the bid/ask and how to "play the other trader" to buy up, or sell down, are a great part of index trading.
When trading index options we are actually trading against others emotions.
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