- Wednesday was a crazy day in the market. There were huge moves before the market even opened. The Dow Jones was poised to open down over 250 points at 7am and then there was news from the White House regarding stealing of our technology. Boeing led the market to high peaks until everything reversed led by technology stocks.
- So my first chart will show Boeing. Assuming you had Call options or bought some at open you would have enjoyed a nice run. The chart below shows if you bought Put options at the peak and sold them at the first bottom.
- Netflix is my next chart and it signified what was happening with it's brother (Amazon) and sister (GOOGL) stocks. The stochastic lines were high on the 1 minute and 5 minute charts. There was some money to be made going up higher, but there was plenty indication that it was changing direction to go lower after 10am.
- I find that Alphabet (GOOGL) continues to experience the same movements to start the day that I have noted before. It showed upward movement, came down to near where it started around 9:40am, shot back up higher and peaked. Sometimes that peak happens at 10:30am, but today happened at 10am. This was a good time to get out of those Call options.
- Alphabet has movement throughout the day and below are some additional opportunities. I believe trading based on the 5 minute interval charts, but finding your entry and exit points based on the 1 minutes charts. You can get the 1 minute easier through Yahoo Finance.
- Each dollar in price equals around 700 in option contract profit. It doesn't take a lot of time to profit, but if you don't use the signs you will lose money.
I am day trading with Options of stocks and have noticed tendencies and have decided to note them into this blog. At this time the information is free to use, but you should not rely on it for sole purpose of trading as I accept no responsibility for what you do with the information. I do encourage comments on what you see. Please follow me on Google+.
Amazon is Awesome
Wednesday, June 27, 2018
Big Drop in the Market Again
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Profits Only, Please!!!
I have spent the last 2 years trying to figure this day trading with options thing out. I hit an ultimate low this past Tuesday and felt lo...
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I have spent the last 2 years trying to figure this day trading with options thing out. I hit an ultimate low this past Tuesday and felt lo...
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I would like to own the job title of day trader. To be a successful day trader, you must focus on keeping your losses small and letting you...
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I typically narow in on one or two stocks daily to profit from options. I feel it is best to know a stock so good that you recognize patter...
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