| Author | Message | ||
     Nbkfan123 Pilla Bewarse Username: Nbkfan123 Post Number: 203 Registered: 11-2010 Posted From: 68.9.27.186 Rating: N/A |
added twitter updates, came up with site making changes to the site every day so far- www.weeklyoptionplays.com These are the rules I have laid out for playing my picks. 1)Split your money into 5-6 parts 2)if your account value is more than 5000 i suggest you to play 7-8 picks 3)dont put more than 500 into any trade 4)if your account value is less than 3000 play with 200 each on 5 picks assuming every one has 1500 accounts 5)choose picks with less premiums which are in 10-50 cents so that you can get 1 contract for 10-50 bucks or max for 100 bucks each contract if your acct value is less than 1500. 6)buy how many ever contracts you get for 200 bucks. there are some brokers which offer very less trading fees. 7)If you are able to be in 7,8 picks thats even better 8)when picks are issued on wednesday, first thing you have do is check the picks which will go up when market is in bearish side like vxx,vix,uvxy,put options on tickers,slv,gld and which picks will go up when market is green like most of calls do good on a market up day. 9) On wednesday open wake up early morning check the futures, check the market indicators news which may come out that day check where market has left and where it can resume get a overall idea do as much due diligence and enter into all bearish picks or bullish picks that are in my list. 10)If you have no clue wait for thursday to let market decide let the premiums die off a bit and enter around 11-noonish into the picks you have decided to play. enter 5,6 picks after seeing market direction ride them get 5-10% profits lock them 11)Suppose if your trade goes bad cut the losses early when it is at 10-20% loss. 12) if you restrict your loosing trades to strictly 10-20% and let the winners ride from your 5-6 picks you would definitely be doing very good. 13) once your up when you should take profits, sell half take profits or let ride free contracts. Thanks |