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Option 101: What is option? – Part I

An option is the contract that gives the buyer the “right” but not the “obligation” to trade the underlying at a specific price called stike price within a specified period of time called expire date.  This right implies a choice: the buyer can use the option if the buyer wants but the buyer doesn’t have […]

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Trading start count down!

Summer is almost over and excitment is about to begin, the Lucky Speculator will start its first trade on the first trading day in Sep, the 9/4! To start and to begin with, I will trade some high risk stock options on 9/4.  Why options?  The idea here is leverage!  I don't need to pay full share price to gain […]

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Trading Plan I – know yourself…

know yourself, know your purpose. The key here is to understand my own psyche and know why I want to be a trader. I want to be a trader because: I am a risk taker and I love the excitement! Trading is something that I haven’t really been doing well at it and is something […]

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what is a trading plan?

I thought putting together a trading plan would be an easy job but I was so wrong!  After all the readings I have done surrounding the subject in the past few days, I soon realize that creating a trading plan is not a trivial task! For anyone who is serious of becoming a professional trader […]

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why do I feel lucky all the time…

So I continue on my quest searching for good reading materials to help me to create a good trading plan for the LuckySpeculator.com project.  And in the process of doing so, I came across the following quote that I would like to share… “Luck is what happens when preparation meets opportunity.” – Seneca “I feel […]

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Fail to plan and you plan to fail.

There is an old saying in business: “Fail to plan and you plan to fail.”! So I took a one-day options trading class few weeks back and one of the thing we did in the class was the option trading simulation.  Before the simulation, the class did an example trade and knowing me; I went […]

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Gambling and trading, what is the difference?

“It is generally agreed that casinos should, in the public interest, be inaccessible and expensive. And perhaps the same is true of stock exchanges.” – John Maynard Keynes What is the difference between gambling and trading? Quiet a question, isn’t it? So, on my quest to find answer, I an IT geek, of course googled […]

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New Plan!

New Plan! I have been doing some thinking since my last post… instead of just blew away $25,000 in the market before many people knew about this little trading project and LuckySpeculator.com just died shortly after… I decided to divide this project up into 3 phases in hope to get bigger audience to know about […]

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No hedging! Only all out speculating!

As in the movie 300, the beautiful Queen says to the King Leonadies before he headed to the war against Persian: “come home victory or come home on a shield”… well, that is exactly what I am going to do with this project even thought my queen didn’t exactly tell me what Leonadies’ wife said […]

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A comprehensive disclaimer!

So, friends are asking me when I will start my first trade as a lucky speculator, I guess they just can’t wait to see how I lose my $25,000 J Well, be patient my friends, LuckySpeculator.com is not really ready yet.  For one, I think I might need to put up some kind of disclaimer […]

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