Comments for Pittsburgh Options Trader http://www.pittsburghoptionstrader.com A Woman's Journey to earn a living from Options Trading Thu, 11 Mar 2010 14:06:00 +0000 http://wordpress.org/?v=2.2.2 Comment on The one mistake all beginning options traders make… by Suzanne http://www.pittsburghoptionstrader.com/2008/01/15/the-one-mistake-all-beginning-options-traders-make/#comment-21 Suzanne Sat, 16 Feb 2008 06:05:24 +0000 http://www.pittsburghoptionstrader.com/2008/01/15/the-one-mistake-all-beginning-options-traders-make/#comment-21 HI Reese. If I liquidated today, I'd only be down a few hundred dollars. The negative 3K is the amount that I am on margin to have purchased the 100 shares. So I am currently paying intersted on that 3K, but I keep a clos eye on my liquidation balance. I am at least ot the point where I could liquidate adn still have money in my account to trade options, albiet with even less margin for error. As it is right now, I can't even place a simple call option trade b/c I am extended on margin. You're right, it is a lesson well learned, at a terrible market time to learn it! HI Reese. If I liquidated today, I’d only be down a few hundred dollars. The negative 3K is the amount that I am on margin to have purchased the 100 shares. So I am currently paying intersted on that 3K, but I keep a clos eye on my liquidation balance. I am at least ot the point where I could liquidate adn still have money in my account to trade options, albiet with even less margin for error. As it is right now, I can’t even place a simple call option trade b/c I am extended on margin. You’re right, it is a lesson well learned, at a terrible market time to learn it!

]]> Comment on The one mistake all beginning options traders make… by Reese http://www.pittsburghoptionstrader.com/2008/01/15/the-one-mistake-all-beginning-options-traders-make/#comment-20 Reese Thu, 14 Feb 2008 22:47:34 +0000 http://www.pittsburghoptionstrader.com/2008/01/15/the-one-mistake-all-beginning-options-traders-make/#comment-20 Wow, sorry to hear about your snafu! At least you learned something new, and hopefully it didn't come at a disastrous price (did it?). So, I'm a little slow on the uptake here, but are you out $3k now? Or are you still hanging in there with fingers crossed? Wow, sorry to hear about your snafu! At least you learned something new, and hopefully it didn’t come at a disastrous price (did it?). So, I’m a little slow on the uptake here, but are you out $3k now? Or are you still hanging in there with fingers crossed?

]]> Comment on The one mistake all beginning options traders make… by Suzanne http://www.pittsburghoptionstrader.com/2008/01/15/the-one-mistake-all-beginning-options-traders-make/#comment-18 Suzanne Wed, 16 Jan 2008 13:49:06 +0000 http://www.pittsburghoptionstrader.com/2008/01/15/the-one-mistake-all-beginning-options-traders-make/#comment-18 Great, at least I can help someone else from making the same mistake! Don't worry, it wasn't a costly mistake (yet), but the potential was sure there. I'll post about it later today or tomorrow when I get my courage up. Great, at least I can help someone else from making the same mistake! Don’t worry, it wasn’t a costly mistake (yet), but the potential was sure there. I’ll post about it later today or tomorrow when I get my courage up.

]]> Comment on The one mistake all beginning options traders make… by Reese http://www.pittsburghoptionstrader.com/2008/01/15/the-one-mistake-all-beginning-options-traders-make/#comment-17 Reese Wed, 16 Jan 2008 00:10:44 +0000 http://www.pittsburghoptionstrader.com/2008/01/15/the-one-mistake-all-beginning-options-traders-make/#comment-17 WTF?! I'm really looking forward to the answer to this riddle, because I don't know squat about options. I envy your courage trading options in this market! WTF?! I’m really looking forward to the answer to this riddle, because I don’t know squat about options. I envy your courage trading options in this market!

]]> Comment on VIP - Making me feel important again by Money Management » Blog Archive » VIP - Making me feel important again http://www.pittsburghoptionstrader.com/2008/01/09/vip-making-me-feel-important-again/#comment-16 Money Management » Blog Archive » VIP - Making me feel important again Thu, 10 Jan 2008 20:53:31 +0000 http://www.pittsburghoptionstrader.com/2008/01/09/vip-making-me-feel-important-again/#comment-16 [...] VIP - Making me feel important again Discouraged at the recent market, but even more discouraged at the prospect of working for a living, I reviewed my watch lists today. I pulled out VIP from my “backburner” list and it looked pretty good. Company fundamentals are still strong, and the stock has been rising. A recent pullback in the last few days was not quite strong enough, but desparate to make a trade, I plunged in and purchased this option: VIP Feb 08 45 Call for $2.45 I immediately put a sell stop order in at 3% below a re [...] […] VIP - Making me feel important again Discouraged at the recent market, but even more discouraged at the prospect of working for a living, I reviewed my watch lists today. I pulled out VIP from my “backburner” list and it looked pretty good. Company fundamentals are still strong, and the stock has been rising. A recent pullback in the last few days was not quite strong enough, but desparate to make a trade, I plunged in and purchased this option: VIP Feb 08 45 Call for $2.45 I immediately put a sell stop order in at 3% below a re […]

]]> Comment on HANS lets me down. by Bubs http://www.pittsburghoptionstrader.com/2007/11/07/hans-lets-me-down/#comment-13 Bubs Wed, 07 Nov 2007 13:49:37 +0000 http://www.pittsburghoptionstrader.com/2007/11/07/hans-lets-me-down/#comment-13 I got greedy with HANS to. Had a small position in my IRA account that was a decent winner, now a big loser. I got greedy with HANS to. Had a small position in my IRA account that was a decent winner, now a big loser.

]]> Comment on HANS Option up 35% by Suzanne of Pittsburgh Options Trader http://www.pittsburghoptionstrader.com/2007/10/26/hans-option-up-35/#comment-12 Suzanne of Pittsburgh Options Trader Wed, 07 Nov 2007 05:14:09 +0000 http://www.pittsburghoptionstrader.com/2007/10/26/hans-option-up-35/#comment-12 Hi Reese, THanks for the support. YOu are right, but silly (greedy) me, I held onto it with a stop loss and, well, had a loss. But it's early in the game. :) Hi Reese, THanks for the support. YOu are right, but silly (greedy) me, I held onto it with a stop loss and, well, had a loss. But it’s early in the game. :)

]]> Comment on HANS Option up 35% by Jonathan http://www.pittsburghoptionstrader.com/2007/10/26/hans-option-up-35/#comment-10 Jonathan Tue, 30 Oct 2007 00:51:28 +0000 http://www.pittsburghoptionstrader.com/2007/10/26/hans-option-up-35/#comment-10 Nice trade Suzanne, HANS looks really good over 68.00. If it can make it there. Not really sure what time decay will do to your profit, but I would probably hold the stock if I had a position. Nice trade Suzanne,

HANS looks really good over 68.00. If it can make it there. Not really sure what time decay will do to your profit, but I would probably hold the stock if I had a position.

]]> Comment on HANS Option up 35% by Reese http://www.pittsburghoptionstrader.com/2007/10/26/hans-option-up-35/#comment-9 Reese Mon, 29 Oct 2007 22:59:43 +0000 http://www.pittsburghoptionstrader.com/2007/10/26/hans-option-up-35/#comment-9 I'm not big into the options game, but my first suggestion would be to make sure you don't give any of it back since you have such a nice gain in such a short period of time. Never hurts to book some profits and boost the confidence. I’m not big into the options game, but my first suggestion would be to make sure you don’t give any of it back since you have such a nice gain in such a short period of time. Never hurts to book some profits and boost the confidence.

]]> Comment on Trades for Monday BOOM, ABV by Suzanne http://www.pittsburghoptionstrader.com/2007/10/19/trades-for-monday-boom-abv/#comment-8 Suzanne Sat, 20 Oct 2007 02:41:32 +0000 http://www.pittsburghoptionstrader.com/2007/10/19/trades-for-monday-boom-abv/#comment-8 No, actually, I thought last night was Friday, so I didn't even think about trading today! I"m glad I didn't miss it, I'll look for the bounce. ;) No, actually, I thought last night was Friday, so I didn’t even think about trading today! I”m glad I didn’t miss it, I’ll look for the bounce. ;)

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