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Lessons Learnt

My post on 7/22/2008, “Be Patient” was meant to serve as a reminder to myself that I have to be patient.   I wrote the post after I realized a quicktrade to close 5 PRQTN @ 1.4 and miss the ride to 8.50 the next day!  The trade to close PRQTN was meant to switchmy […]

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Great Balls of Fire!

financial sector sure was a great ball of fire this past week and no, I didn’t get burn. I had a few thousands swing up and down and I ended up where I started it. I will recap my week’s trading in my later post and for now, I just want to relax. TGIF!  

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shorted 5 CHLIN @ 4.5 and 5 FREJB @ 3.8

I traded out of my CHLIN & FREJB positions for quick gains as I planned.  My total cash value was at $4,186.85, a 29% gain from yesterday and just $55 away from this week’s goal: $4241.86.  Trying to archive the goal, I went long on FREVB @ 2.9, 10 contracts total.  As soon as the […]

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Be Patient…

2 days done, 3 days to go and I am not making much progress.   Yesterday, I closed out on PRQTN @ 1.4 and opened a position with long 5 contracts of FREJB @ 3. My over all position didn’t change much and the goal of $1,000 PnL is still reachable.   Let’s see what […]

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Week Plan for 7/21 ~ 7/25

Last week, it was a pretty good week for Wall Street and an ok week for me.  By EOD 7/19, I had a realized gain of $630.02, unrealized gain of $136.26 and an unrealized lost of $638.74.  I barely made any money.  See my weekly trading recap here: Below is my portfolio going into next […]

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Short WMJA @ $1.65 + Long CHLIN @ $3.20

Short 5 contracts of WMJA @ $1.65 + Long 5 contracts of CHLIN @ $3.20 Short 5 contracts of WMJA to close out the position and had a realized gain of $160, a 19% gain. Long 5 contracts of CHLIN (CHL OCT $70 call) @ $3.20. What are the reasons behind this speculation? Many years […]

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Long 5 contracts of WMJA @ $1.33

I put in an order to long 10 contracts of WMJA this am but only 5 got executed and it was executed @ $1.33. I don’t have any realized gain/lost today, but I do have an unrealized lost.  See below for detail:  

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Option trading provides more leverage

No, I don’t think options trading is risky at all but again, I never write naked calls or naked puts. I like to trade options because I can always know for certain what my worst case (risk) is. And since I only trade with my play money, my leisure money, my disposable cash, so even […]

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I want my FiOS!

It will take another year or so before I can get FiOS service to my house.  Well, if I can’t get FiOS for another year or so in Columbia Maryland, then to complete the FiOS network build up for entire nation may take a while. Share price has been dropping for Ciena (Fiber Optic Device […]

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Cut back on spending at Costo

So, after have spent 200K on the internet domain name diy.net, my available cash for trading is pretty much limited. And forget about the $2,5000 paper trading game. To make this blog more fun and more active, I am going trade with some real dollars… not much, just whatever I have left in my Ameritrade […]

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