I Want to be a Millionaire
Some of us have been saying that since we were children. Of those people how many have put real thought into HOW to become a Millionaire? WHY is becoming a Millionaire so difficult for most of us? Are we too lazy, too busy, too stupid or is the Whole World against us keeping us down? The answer is YES. So if we really want to become a Millionaire we must overcome all these obstacles and more. Being Financially Poor is a Hardship that can be Resolved.
Time, Health, Family and Freedom
Considered by many to be the Most Valuable of all things in the World. Being Financially Poor can take all of them away.
This website will Help YOU in your quest to become Financially Wealthy?
I have followed the Stock Market for over 12 years let my Stock Options speak for themselves.
Options for PROFIT
There are many ways to invest in the Stock Market.
Buy and Hold, be a daily, weekly, monthly trader. Many people have to start investing and then out of those investments they will discover what kind of investor you are.
One way to make Money in the Stock Market is to Trade Options.
If you don’t know or understand Option Trading then I would highly suggest that you do some research into the practice.
I will not go into the education of option trading because it would take too much time and there are libraries of books to educate you on the subject. Option trading can be extremely complex or simple as 1-2-3. I prefer the simple 1-2-3 method which involves buying and selling PUTS and CALLS.
I am going to list my trades and briefly touch on the reason behind the trade.
Nobody wins 100% of the time and with Option Trading your putting Limits on the amount of Money that you could lose.
We are here to Make Money!
Wednesday, October 09, 2013
Got Greedy Today.
I put my sell for ZNGA Oct. $3.50 PUT at 0.25 and as the stock continued to fall I modifies the sell price to 0.30. At that very minute the market and Zynga reversed and my Put Option closed today at 0.14, with bid and ask at 0.16 and 0.17 with the days range at 0.14 – 0.25 and volume at 4216 with open interest at 17,485.
Zynga closed at $3.48 down 0.06 and after hours down another 0.01. The days range was 3.32-3.66 with volume of 26,428,522, 3m vol. (22,559,900).
It is extremely Easy to Buy Options and Stock Equities, the Hard part is when to sell and trying to get Greed out of the equation. I have lost much money because of Greed, the reason being the Only thing Worst than Greed is selling TOO Soon, and Losing Out on profits.
I just experienced that with AKS when I sold at 0.75 and within 2 days the option hit a high of $1.25. That’s why it so hard to sell.
MOLY corp. today closed at $6.95 Down 0.15 and after market down another 0.05. The days range was $6.90-7.17 with volume at 4,516,364, 3m vol. (6,888,700).
The Nov. $6.00 Put is going as planned. Closed at 0.31 up 0.02 with bid and ask at 0.30-0.32 with today’s range of 0.29-0.32 and volume at 95 and open interest at 4,539.
Tuesday, October 1, 2013
Bought 10 Oct. $3.50 Put Options on ZNGA at 0.10.
Also bought 10 Nov. $3.50 Put Options on ZNGA at 0.25.
ZNGA has had an amazing run up for the last 30 days or so.
Insiders have been selling stock for the last couple of months.
New Management is a great new start for this gaming company, however that news alone should not have been such a great catalyst that keeps propelling this stock higher.
Something else must be happening.
But what could that something else be?
Wednesday, October 2, 2013
I bought 10 Nov. $6.00 Puts on MCP at 0.29.
Moly Corp. also experienced massive buying BEFORE the announcement came out that their machinery was completed and would be producing more Rare Earth minerals.
Is this More Insider News that we the Little Guy on the street are not privy to?
Friday, October 04, 2013
ZNGA has to drop back and fill the $3.00-$3.20 gap in the chart.
MCP was also up. The NAS was up almost 1%.
MCP and ZNGA were going to decline with or without the Debt Ceiling debacle.
I still believe that and that is why I bought NOV. PUT contracts.
Saturday, October 05, 2013
WALL Street Journal
Dated Oct. 1, 2013
Zynga Founder Pincus: I’m Bored with Games.
This is a MUST Read article because as we all know if you are Bored with Games then your Focus is Not going to be on Games.
So where does this leave ZYNGA?
In brief the article states that Mr. Mark Pincus, Founder and Chairman, a Pioneer in the Social Gaming universe had a “Informal Rooftop Talk” with “Dozens of Young Israeli Tech Entrepreneurs”.
During the Q and A portion, Yossi Vardi, who is a longtime elder statesman of the Israeli venture funding community asked Mark Pincus, what his favorite game was.
“Right now, I’m pretty bored with all games.” Was Mr. Pincus answer.
Mr. Pincus was given several chances to retract or reword his statement, however Mark Pincus is an honest man and let his true feelings and comment stand.