From: Gayatri Maskeri <gcmaskeri@yahoo.
To: OptionClub@yahoogro
Sent: Wed, May 12, 2010 11:27:39 PM
Subject: Re: [TheOptionClub.
When John is good enough to share the info he has shared thus far there is no reason for us to doubt his sincereity or truthfulness.
Further, he has given the numbers for his possible entry/exit points. I am no expert in this area but when I look at the 10 minute chart for 5/11/2010 I noticed that he may be following the strategy of 5 SMA. In a simplified way as I understand it is as follows:
1. 5 SMA pointing up & price bar closes above and close to 5SMA - triggers a buy signal
2. 5 SMA pointing down & price bar closes below and close to 5 SMA - triggers sell .
You may also want to watch your favorite oscillators/ indicators such as MACD, Williams%R etc in conjunction with the above.
John,
I would appreciate your input.
Chet.
From: Mike Cleveland <mikeandjody1996@ yahoo.com>
To: OptionClub@yahoogro ups.com
Sent: Wed, May 12, 2010 3:02:39 PM
Subject: Re: [TheOptionClub. com] profiting from "tradegies"
OK, I see, you are trading the S&P mini, I thought you meant with covered calls, and other spread strategies. If you truly have a way to do so accurately and consistently can you share with the group? ____________ _________ _________ __ From: john sheldon To: optionclub@yahoogro ups.com Sent: Tue, May 11, 2010 5:50:59 PM Subject: RE: [TheOptionClub. com] profiting from "tradegies" No Mike, I meant per day. I play the mini S&P for every full point it moves you make $50 per contract. As an example today it moved a total of 26 points from open to close. Obviously you wouldn't have played that whole range but if you could you would have made $1,300. I didn't play today but had I played and still been in at 2:00PM (I'm usually out before noon) I would have made $600. During that time frame it dropped from 1168 (I would have gotten in at 1166) fell to 1153 (I would have been out at 1154 when the trend changed). At that time it went back up to 1158 then fell to 1153 at the close. It closed at 1150.75 at 5:00PM EST. During the time I would have been in was a 12 point change, or $600. Those numbers are all per contract which is all I can play in a $5000 account. Frankly I'm not gutsy enough to have stayed in for the whole 12 points, in reality I probably would have been out by 1:20 or so at 1158 been more than happy with $400 for the day. Keep in mind althoough the above numbers are actual numbers from today I usually play from the open until 11AM or noon and am usually looking for smaller moves. Depending on how many times I lose I may do 5-7 plays a day making anywhere from $50 to $150 a play. When I hit that $250 point I usually quit, unless I hit it very quickly have nothing else to do then I may stay in a play a while longer. As for $1,000 a day, all it takes is the extra money on deposit and the guts to play 4 contracts at a time. When I played through MF Global I played the mini russell which works exactly the same way except it pays $100 per point per contract. I opened my account with $10K which will play 1 contract in the russell. My first day I made $2005 net of commission. My best day with them was $3,875.90 over the months I played there I had numerous $2K days. For a long time we ran almost 60% win ratios we averaged, overall, around $700 per day. We played a total of 148 days, did 346 trades and averaged about $200 per day after all expenses including losses. ____________ _________ _________ __ To: OptionClub@yahoogro ups.com From: mikeandjody1996@ yahoo.com Date: Tue, 11 May 2010 07:22:27 -0700 Subject: Re: [TheOptionClub. com] profiting from "tradegies" I'm not understanding; you said you could make $250.00 to $1000.00 per day on a consistent basis. Then you were asked what amount of capital is needed to make this daily increase. And you say $5,000.00? I'm sure you mean $250.00 to $1000.00 per MONTH not per day. Correct? ____________ _________ _________ __ From: john sheldon To: optionclub@yahoogro ups.com Sent: Mon, May 10, 2010 11:26:03 PM Subject: RE: [TheOptionClub. com] profiting from "tradegies" I started am currently playing in a $5K account with TradeStation play a single contract. I usually play about 2 hours a day but occasionally will go three. The way I was taught was to increase too 2 contracts at around $10K, 3 contracts at $15 so forth. If you can consistently make $250 a day on 1 contract you should be able to do $500 on two contracts, $750 on three so forth. I'm sure you can do it with less, it really depends on what your broker requires to open maintain an account. Tradestation requires $5K. At the time I started Tradestation was the only place you could use NexGen T3 software. John S ____________ _________ _________ __ To: OptionClub@yahoogro ups.com From: gishfarm@yahoo. com Date: Mon, 10 May 2010 13:52:39 -0700 Subject: Re: [TheOptionClub. com] profiting from "tradegies" In your experience, how much capitol is needed to make $250 - $1000 daily consistently? ..." I firmly believe that it is possible to easily make at least $250 a day potentially $1,000 a day in a matter of just a few hours and do it pretty consistently. " ...
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