I'm a stock options trader in Singapore. I'm involved mainly in US equity and ETF option trading. I used to trade Earnings Gapping for a while, 4 years to be exact, but has since stopped using it because it's highly unpredictable; more like gambling. I've later attended a 4-months stock option trading course taught by Mr Michael Woo, where he covered most of the foundations in trading. I've also learned about e-mini trading from him. Currently I'm doing swing trading of US stocks using options.
Dear fellow traders :
Not very different from how I've traded recently. I've long the ES in the 1st 2 trades based on the trending up of the S&P500 10 min. stochastic.
I shorted the ES in the 3rd trade was based on a probable double top formation.
Netted 4.50 points ($225) profit & decided to call it a day.
Regards,
Tony Chai
Posted by
Tony Chai
at
6:15 PM
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