StockFetcher Forums · Stock Picks and Trading · Options Trader who is legit<< 1 2 3 4 5 ... 8 >>Post Follow-up
dashover
146 posts
msg #128400
Ignore dashover
modified
5/10/2016 11:26:45 AM

I have been a SF subscriber for over a decade..
Constantly working to improve my trading etc.
For 20 years, I lost about $20,000 a year messing around with options.
I kept trying for larger profits, or just simply made poor calls etc.
I have refused to quit until I improve..

I was looking for a mentor and subscribed to a number of services, but they all were losers.

Somehow, I bumped into an older trader who was much better than I at options trading and
I've improved greatly. He cut his teeth trading commodities in the late 60's and he's got a good feel
for the markets.

My goals now are much smaller, quicker, and I'm happy with small consistent gains.
It hasn't gotten easier, but I am better at following his rules which are:

Sell 1/2 at 100% profit, and Sell 100% at a 50% loss..

His Motto is Be Right or Be Right out!
and you'll be wrong plenty... Just recognize it quickly...

I now help administer a site I built for him, but I make none of the recommendations.
If you are an options enthusiast you should check out the site.
I've tried to make it as transparent as possible by showing all the open and closed positions for the year etc.

www.greatwizeoz.com

Options trading is hard, but the site is showing about a 65% win rate ytd.

And you can watch the action from the sidelines..
You don't don't have to subscribe to see open and closed trades...

Dash





dashover
146 posts
msg #128421
Ignore dashover
5/12/2016 10:35:55 AM

Sold the SIG puts and added XLF puts... today

dashover
146 posts
msg #128445
Ignore dashover
modified
5/13/2016 3:12:13 PM

Sold the remaining SIG puts
Added SCO ...

Dash
My 2c

dashover
146 posts
msg #128517
Ignore dashover
5/17/2016 1:40:49 PM

Sold FB calls at a small loss due to 50% drop... $228 loss




dashover
146 posts
msg #128542
Ignore dashover
5/18/2016 11:17:03 AM

Buying TGT 6/70 @ .65 holding nose...

dashover
146 posts
msg #128545
Ignore dashover
5/18/2016 12:33:28 PM

out of TGT calls at .95 personal trade..

dashover
146 posts
msg #128745
Ignore dashover
5/26/2016 1:17:34 PM

Sold 1/2 of AA calls

ThaGekko
139 posts
msg #128746
Ignore ThaGekko
5/26/2016 1:20:09 PM

NEM didn't work out for the "greatwizeozz"

Hopefully he got out due to his 50% rule as his calls are now worth .55 from 1.54 and were even as low at .34 yesterday... ouch!

dashover
146 posts
msg #128751
Ignore dashover
5/26/2016 2:20:25 PM

Yes, sold for a loss... Spreadsheet will reflect soon...

ThaGekko
139 posts
msg #128756
Ignore ThaGekko
5/26/2016 2:45:09 PM

What are you thoughts on AA, anymore room to run. I got in about the same time as you did.

StockFetcher Forums · Stock Picks and Trading · Options Trader who is legit<< 1 2 3 4 5 ... 8 >>Post Follow-up

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