How You Can Take Your Trading To an Olympic Level

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The average trader always has money on the mind. Money, money, money. A couple more points. A sexy balance sheet.

That’s also why they’re average. The best of the best aren’t thinking about money at all. Let’s use an analogy to prove this point.

What happens to an Olympian who’s always looking up at the scoreboard or clock? They lose the puck, fall behind another skier, or miss their landing. What happens to the Olympian who is focused on improving their game, making the right pass, hitting the right turn, and nailing their landing? They win.

This is no different than trading. Money is the byproduct. We all know that. But focusing on the byproduct doesn’t get you any closer to it. To take your trading to an Olympian level, you must remove yourself from the bottom line and focus on what makes you better. If you can’t do that, go liquidate your brokerage account. You shouldn’t be trading.

This Saturday, you can take that first step towards the gold. At 10:00am EST, the Olympic Trading Summit will bring you a full day of free trading education via live webcast.

You’ll have the opportunity to focus on improving your strategies and learning new ones. The educators will be some of the brightest and most experience traders in their respective areas. Options, Equities, and ETFs will be the focus and everything from swing trading to options spreads will be covered.

The good guys over at Marketfy are putting the event on and they’re providing invites to all our readers. The event, which is being sponsored by MBTrading and Benzigna Pro, will have a bunch of freebies, promotions, and offers for those in attendance.

Pro Tip: Enter the room by 9:45am EST if you want to get in. The room caps at 1300 attendees and it only took 45 minutes to get there the last time they did this.

Register here to gain access to the Olympic Trading Summit >>

Continue ReadingHow You Can Take Your Trading To an Olympic Level

Wing Tai: In Down Trend Channel

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Wing Tai is currently trading within a down trend channel. The stock was rejected at the previous support turned resistance at about $1.82 (also the 61.8% FR). Expect Wing Tai price to drop further more from this level. No sight of bottoming up and reversal of the chart pattern yet.

Original post by Marubozu from My Stocks Investing Journey.

2014Feb19-Wing Tai-800x600

Current P/E Ratio (ttm) 3.2261
Estimated P/E(06/2014) 8.8592
Relative P/E vs. FSSTI 0.2431
Earnings Per Share (SGD) (ttm) 0.5657
Est. EPS (SGD) (06/2014) 0.2060
Est. PEG Ratio
Market Cap (M SGD) 1,433.88
Shares Outstanding (M) 785.69
30 Day Average Volume 717,333
Price/Book (mrq) 0.5091
Price/Sale (ttm) 1.1533
Dividend Indicated Gross Yield 1.65%
Cash Dividend (SGD) 0.0300
Dividend Ex-Date 11/05/2013
5 Year Dividend Growth 14.87%
Next Earnings Announcement 05/12/2014
Continue ReadingWing Tai: In Down Trend Channel

Fossil (FOSL) Iron Condor Earning Trade

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Chart from thinkorswim, get FREE chart here.

Original post by Marubozu from My Stocks Investing Journey.

 

Option Trading Strategy

  • High IV before the earning.
  • Sell Vega by opening Iron Condor (95/105/125/135) one day before the earning release.
  • Close Iron Condor position after the earning release and volatility crush.

Trade Summary

  • Gross Profit = $86
  • Net Profit = $76 ($10 commission)
  • ROI (Net) = 12.5%
  • Duration = 2 days

FOSL Feb13-2014 Trade Record

FOSL Chart

FOSL Feb19-2014

FOSL IV Chart
FOSL IV Feb19-2014

See previous analysis on FOSL here.

Continue ReadingFossil (FOSL) Iron Condor Earning Trade