JohnChoque

I wonder if by posting this stuff, it sets up some sort of failure mode?? I hope not...the Lord has been good to me and this pennystocking learning is fun...Sykes is a riot!! lol :)

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JohnChoque

I did four trades, live real money...here is another one: CSX, I sold a 50-55 Strangle, July 21 contract for $1.78 per contract. My standard plan is to take 50% as soon as I can...hopefully this week...we'll wait see.. :)

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JohnChoque

Here's another chart of today...Sold a 32-36 Strangle July 21 contract for $1.18 per contract. My plan is to make 50% of the profit this week...we'll see what happens... :)

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JohnChoque

Here's another chart of a trade I did today. Trying to trade in a low priced underlying and this was on my watchlist. Bot at 5.15, plan is to make 20%, have a GTC order to exit at my TGT. Should be out this week. In all my years of trading I've never publically posted any of my trades. So this feels unusual...fun so far!! Oh, these are all real money live trades... :)

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JohnChoque

While I am learning the Penny Stocking way...I am still trading on my tastyworks platform. I moved over from thinkorswim in January 2107 when tastyworks went live. Not sure if I need to add another broker for penny stocks. I did try to short one today, and the trade was rejected because of non available to short?? It was kind of odd, because I've never been rejected a trade before, unless I made a mistake. Anyways, I'm having fun!! NO DAYS OFF!!

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JohnChoque

LOL...just playing around here!! Seriously though, I am short a 33 Call for July...the idea is to net $60 per contract this week?? :)

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Received 23 Karmas
Turbobob
2
Turbobob May 10, 17 8:50 AM

No, the short ratio is used to determine the upward momentum (short squeeze) if there is a good catalyst.

raulmacias
raulmacias May 10, 17 8:57 AM

That makes much more sense now, thank you!

JohnChoque
JohnChoque Jun 09, 17 2:12 AM

That's a new concept to me, but it seems logical, and makes me think. Thank you for your time Bob.

ZachR
ZachR Mar 10, 18 8:28 PM

Thanks Bob keep up the Good Work

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