DOMS

Thanks, Gaz!

The class always starts with cardio. We jog around the mat for a while. During the jog we also jog sideways, high-step, and switch up direction.

We always start the meat of the class with punching and kicking. So far, we've followed up with chokes, elbowing, and kneeing on different days.

Today was my first multi-person drill. I started at one end of the mat with my eyes closed. Then another student chocked me from behind or the front. I had to break the hold, take the attacker out. Then I had to run past two people, one student and my instructor (who's 6'4" and weighs about 270 pounds). After I fight through them, I reach the other side of the mat and punch a pad held by another student for 30 seconds.

Rinse, lather, and repeat 2 more times.

That'll take something out of you.

DOMS

Thanks, man!

DOMS

I had a digital scale that wasn't worth shit. I have an analog scale now. Which is giving my correct weight.

DOMS

Are you kidding? She's giving me her leftovers!

Thank, TOH! I sure hope so.

DOMS

I know not what you speak of.

Archangel

All sounds like its going good my Friend, wishing you continued success BRother DOMS!!!

"I can do ALL things through Christ, who strengthens me" - Philippians 4:13

"For NOTHING is impossible with GOD" - Luke 1:37

DOMS

Thanks, Brother Archangel!

DOMS

I'm going to place my next trade tomorrow. It's going to be a "financing" trade.

I'm going to sell -3 vertical WMT (Walmart) Apr08 52.5/55 bear call spreads @ limit of $0.55. The will yield a total credit of $1.55. Then I'm going to purchase 1 KO (Coca-Cola) Apr08 60 put for $1.65.

The above will result in a debit of $0.01 plus the commission of $12 for a total debit of $22.

WMT, trading at 50.79, hasn't traded higher than $51.57 for the last year.

KO, trading at 59.96, has been trading in a channel from 56.49 to 60.83. That's a channel that is 4.35 in width. Right now it's just off the high of the channel and 3.47 from the bottom. If I even get a 50% retracement, that's a profit of 1.73. It has so far only taken 5-10 trading day for the stock price to move from the top to the bottom (or vice versa) of the channel.

I chose to use WMT to fund KO because they don't trade at parity, but WMT tends to trade in the same general general direction, but much flatter. The swing of KO are wilder.


My max loss is, theoretically, kind of high. It's a $5.85 (the 2.5 between the vertical strikes times the three contracts). My max profit (unless KO just breaks down) is $1.73. That's a risk reward of over 3/1. But statistically, and technically, the odds of hitting maximum loss are very low. I also realize that the greeks will work against me a little. But this will be offset somwhat by my put and the longs.

Plus, neither KO or WMT has any earnings report of dividends in the next 30 days.

The market is looking very sour, even with the Fed's actions. If the both WMT and KO head south, I only stand to make more. Both from the put on KO and buy being able to buy the WMT closing trades for far less than I sold them.

The real fear is that KO doesn't go south and WMT heads north. I still don't believe that I'll suffer losing the full spread between the vertical stikes, but it'll devalue my KO put and make the WMT shorts a little more expensive, off-put by the longs, thankfully.

My negative exits are if neither move after 2 weeks or if WMT goes half way between the 52-week high and the shorts. I'll also bail if KO breaks out above its channel.

My positive exit will be if KO reaches a 75% retracement. I'll sell the WMT vertical shorts if they devalue by 75%. I'll hold on to my longs if I think WMT will rebound. If not, I'll sell them, too.

Anyway, that's my plan for tomorrow. I'm going to wait for 0930 EST (30 minutes after the opening bell) to place my order so that I can get a feel for where the stocks are going to go based on the Fed's rate cut.

katt

Ok, so I could read that post a dozen times and I still wouldn't know what you said... I'm totally stupid when it comes to trades...

I should rephrase that.... I haven't read up on trading, therefore I don't know shit...

Brutus_G

Yeah i just skimmed that and was like fuck it.

"People do it everyday, they talk to themselves... they see themselves as they'd like to be, they don't have the courage you have, to just run with it."-Tyler Durden

the other half

basicly what he is saying is:if the stocks work the way then someday i will be rich and not have to work any more.

"katt's spotter"
" its not how much u can benchpress. its how much other people think u can." bob chicherillo

nadirmg

i'm going to be buy a scale today/tomorrow. really? digital scales suck?
so i should get the kind with the dial that spins around under the glass then?

w/o log
5'5" - currently bulking - 145lb on 5/16
weight goal I: 150 :: bench goal II:170 :: squat goal II: 250 :: weighted chin goal IV: +30 x 5 x 5

goob

That was like trying to read a post by the anti-danny81, dropping in from an inverse parallel universe...

Scarface30

sounds like you've got everything figured out man. stocks and trades - over my head! I'll stick to rocks and minerals, lol.

so is this the start of a new career move?

Warning: Seismic Testing Zone

Triple Threat

It looks like English, but except for the first sentence and the last paragraph, well, let's just say

vortrit

I'm still alive. Too bad for you. Hi!

My Journal!

DOMS

Don't put yourself down. I've been working on it for years and still don't know enough.

DOMS

Me too.

DOMS

That's sort of my goal. Except that I don't look at trading like it's work.

DOMS

The scale that I bought sucked ass. It jumped all over the place. I purchased a mechanical scale and it's spot on.

DOMS

I pay good money to watch that knuckled-head try to read that.

DOMS

Hell no. I've still got a long way to go. But live trading is an important step that I have to take.

Yes, I'd like to do it for a living and not have to work on computers. I've really come to hate that sort of thing.

DOMS