The Site For Devotees Of Working From Home

Home Workers, Working At Home And Working From Home

The Site For Devotees Of Working From Home header image 2

Preliminary Post Prior To Covered Call Trade Expiry!

February 19th, 2010 · No Comments

This expiry period is best described as covered calls over troubled water. Why, because shares in three of my positions were in retreat. Covered call is a bullish strategy, they need to go up, but slowly though! Downward charge?! Most unpleasant!

One of them is charging up like a bull in china shop just when I was demanding for it to stand still!

Guess what the fifth one did? It was moving up slowly. It is just what I want, isn’t it? Right! Guess what? There was some sort of share re-organisation. I couldn’t find out a lot of detail for it. Now no one seemed to want its options just when I have vacancies to cash in for some income!

I will give details of all five positions after the Expiry in order I can or cannot get some more premiums from some of my option vacancies!

I can also say that I am planning to open another front, evaluating Forex Trading. Last two months I spent over $350 buying three Forex Bots, another name is Forex Expert Advisers (EAs) so that I can evaluate them using MetaTrader 4 Trading platform demo account (NOT REAL MONEY).

I can tell you now, one of them failed in the first hurdle!

One of them currently is showing a gain of over $10000 with a virtual capital of $100000. I can also tell you that it reached this gain before but then lost it all in one session. It returned to positive within one day.

The third one rarely traded but showing a gain of $7000 right now with a virtual capital of $100000.

I am affiliates to all three EAs but I would not recommend one of them. I will put the links up for the other two if I started trading with real money and start making money. I warn you I will only trade with change moneys until I am really, really confident.
It is early days yet! I mentioned it just to prick your interest! I won’t post too much on it until I start live trading.

In the meantime I will continue to march onward (not quite sure which direction yet!) with my Covered Call trades. Analysis of this month’s actual results in the next few days!

Sphere: Related Content

Tags: General

0 responses so far ↓

  • There are no comments yet...Kick things off by filling out the form below.

Leave a Comment