Te Amigo's Trades

The New Lunar Day, originally uploaded by rickcharon.

Well, I didn't record much the last 2 weeks, the end of the March Lunar

Day. The trades I made went well, again my ,"pick",  rate was above

90%. The Closing is the trick though, when to Close. This reminds me

very much of selling magazines when I was a kid. Getting into the sell

was hard, but much less demanding of skill than "Closing" the sale. So,

just as in sales, "Closing" is the key element for success. This Solar

Day, April's Day pretty much, options will be the focus. They follow a

much different trajectory than stocks. It is interesting to look at

Options Chains for a given contract and see that on a day when the

stock went up, the gains across calls and puts is only about 90%

reflective. I.e., - there are puts that gain ground, calls that lose

ground, and many of each that tread water. One of the biggest issues

I've had with Options is Volume. IF the Volume isn't there, forget

about it! So, let's see how the month goes.



AAPL Apr55 C @ 8.60. Worried about the fills I get from Interactive

Brokers. I use smart routing, so  at the mercy of their system.  The

"model", with no tweaking, is showing 8.64. Since I'm paper trading,

the actual trade would have probably entered differently. Pretty low

volume at this strike.

posted by Rick  # 8:49 AM