Wednesday, April 27, 2005

48% Profit in Two Days!

One of our recent call option trades netted a 48% profit after just two days.

All the details will soon be posted on the member's website.

For access, sign up for just $1 to the Genie Insiders membership service. Go to www.stockmarketgenie.com/members/specialoffer/


Kind Regards

David Chandler

Ordinary People Making Extraordinary Profits!

www.StockMarketGenie.com


The above comments are offered for educational purposes only. We are not providing you with financial advice. We are simply sharing with you what has and hasn’t worked for us personally. If you wish to trade or invest in the stock market you should obtain advice from a registered licensed advisor.

Friday, April 15, 2005

CBA [ASX] Trade

One of Kaye’s recent trades. Following on from last week’s call trade on the same stock.

Almost $4000 net profit on a four day put trade. Bought on Monday at 31c and sold on Friday at 64.5c - a gain of 108%.

A friend of ours was in the same trade but bought on the Wednesday. And he made almost a $7000 profit in just two days! Bought at 30 cents and sold at 65 cents. A gain of 116%.

Details wil be posted on the member's only website.

Kind Regards

David Chandler

Ordinary People Making Extraordinary Profits!

www.StockMarketGenie.com

The above comments are offered for educational purposes only. We are not providing you with financial advice. We are simply sharing with you what has and hasn’t worked for us personally. If you wish to trade or invest in the stock market you should obtain advice from a registered licensed advisor.

108% Profit in 4 Days and 116% in 2 Days!

CBA [ASX] put trades closed out today.

I will add some extra coments here soon and the full details and chart will be posted on the members only website.

Kind Regards

David Chandler

Ordinary People Making Extraordinary Profits!

www.StockMarketGenie.com

The above comments are offered for educational purposes only. We are not providing you with financial advice. We are simply sharing with you what has and hasn’t worked for us personally. If you wish to trade or invest in the stock market you should obtain advice from a registered licensed advisor.

Sunday, April 10, 2005

Tax Time!

Tax time is here again!

And as traders you need to make sure that your tax records are in order and that you claim all legitimate tax deductions.

And also that you are operating under the best legal arrangement in order to minimize your tax liabilities.

For all our US members, we have discovered a great resource at: http://www.tradersaccounting.com/a.pl?tax&1104

Check out the free articles in their "newsletter" section.


David Chandler

www.StockMarketGenie.com

Ordinary People Making Extraordinary Profits!

The above comments are offered for eduactional purposes only. We are not providing you with financial advice. We are simply sharing with you what has and hasn't worked for us personally. If you wish to trade or invest in the stock market you should obtain advice from a registered licensed advisor.

Saturday, April 09, 2005

$2000 Profit in 72 Hours!

CBA [ASX]



One of Kaye's recent trades.

Almost $2000 net profit on a three day call option trade. Bought at 24c and sold at 45c - a gain of 87.5%.


DETAIL

Based on the particular news events at the time [an expected interest rate rise did not occur], an entry was made on Tuesday 6 April on the anticipation of a continuation of an established uptrend.

As price approached resistance the decision was made to exit on Friday 8 April, rather than risk holding over the weekend.


ANALYSIS

This trade is not strictly by the rules!

It is an example of an experienced trader who knows the stock and is paying attention to news events and sentiment indicators.

The MACD was supportive of the entry but not much else was.

So there was some anticipation in the timing of the entry. The Bollinger Bands were collapsing but this can be used as a guide to a potential reversal.

Notice in particular how the MAs were rapidly approaching each other and actually crossed on the entry day. And volume increased the day after the trade.

The trade was entered on the understanding that if the price move was not as anticipated, then a prompt exit would be made.


LESSONS

Sometimes anticipation, based on sound principles, can be effective.

But this strategy requires experience and an understanding of the stock and its reaction to news events.

Novice traders should not stray from the rules until they have the track record necessary to establish the required level of confidence.


David Chandler
www.StockMarketGenie.com

Ordinary People Making Extraordinary Profits!

The above comments are offered for eduactional purposes only. We are not providing you with financial advice. We are simply sharing with you what has and hasn't worked for us personally. If you wish to trade or invest in the stock market you should obtain advice from a registered licensed advisor.

Welcome to StockMarket Genie's Blog!

Welcome to StockMarket Genie's new blog!

The intention with this is to provide a simple, direct means of two-way communication between us and our members.

We will also use it to post educational material and commentary on the stockmarket and options trading in particular.

It is sort of a combined forum and newsletter.

If you wish to view the blog or make a post go to: http://stockmarketgenie.blogspot.com/

To make a post simply send me an email and I will provide you with immediate access. I look forward to receiving your feedback and comments.

Regards

David Chandler
www.stockmarketgenie.com

Ordinary People Making Extraordinary Profits!

The above comments are offered for eduactional purposes only. We are not providing you with financial advice. We are simply sharing with you what has and hasn't worked for us personally. If you wish to trade or invest in the stock market you should obtain advice from a registered licensed advisor.