Thursday, November 25, 2010

Update of Trades

Dear fellow traders,

The following is an update of the trades made with the Star Trading System as discussed in my previous post :

online option trading

The following are real money trades using the same Star Trading System :

Happy Thanksgiving!


Tony Chai

Friday, November 12, 2010

Profitable Option Trades with the Star Trading System

Dear friends :

The above is a list of option trades that I've paper-traded with the Star Trading System. To comply with privacy rights, I regret that I'm not allowed to display the stock tickers and options in these trades.

The Star Trading System is a swing trading system which rides with the trend of the market. It comprises a specific set of rules to select the stocks to ride on this trend. But the stock selection is automated with the help of a software called Telechart 2007. This automatic stock scanning process saves us tons of time from manually scanning the thousands of stocks or ETF traded in the US market.

Then the system has very precise rules to qualify the best options to leverage a trade on the stock candidates. And that's not all. Mr Jason Ng, President of Masters 'O' Equity Asset Management (Singapore) Pte Ltdthe and creator of the Star Trading System, further streamlined the essential criteria to consider when the US market opens to eventually decide whether to enter those option trades.

All these stringent steps are given and to be strictly followed for one single purpose - to trade an option position which meets the highest selection criteria and executed at the most opportune moment where there's a higher probability of success.

Alas, the market is unpredictable. Thus, the Star Trading System has a stop-loss method to minimize loss of trading capital in case the market go against the option position.

The Star Trading System also recommends a few profit targeting methods which I find useful to control traders' 2 weakest emotions during trading - fear and greed.

However, I have to stress that the Star Trading System is not a get-rich-quick trading system. You still need to put in some efforts to do your homework to prepare for your trades and monitor them when they are already in position. But believe me once you get use to the steps outlined very clearly in the system by Jason, you will spend lesser than 1 hour (or even lesser than that) a day to do the steps I've mentioned above.

You'll realized I did not bother to hide the options paper trades on Apple Inc. (AAPL) and, Inc. (AMZN). These were actually earnings gapping trades to show you the fallacy of this trading technique. I've mentioned in this blog entry why I've stopped trading the earnings gapping technique.

The following are some of the trades that are still in position using the Star Trading System.

Good Luck in your trading.

Yours Truly,

Tony Chai

Wednesday, November 10, 2010

Guest Post at

Dear friends,

I've made a guest post at where I've talked about the current market condition and also shared some of the valuable principles in trading that I'm adopting now.

The S&P 500 Chart 

The Dow Jones Industrial Average


Tony Chai

Friday, November 05, 2010

The Social Network aka Facebook

Dear friends,

When I sign up for a Facebook account back in year 2005, I didn't realize this social network portal is going to be that BIG!

Nowadays, if you're not in Facebook, you're out!

Just look at smartphone users around us, almost everyone I see is scrolling his or her Facebook account. During break times at work, almost every colleague is sneaking in to check who has left what in their Facebook account.

Medias, corporations are riding on this Facebook frenzy to promote themselves. It's certainly a hip market tool that has extended beyond the Google PPC marketing avenue.

Talking about hip, the movie "The Social Network" has been released in the US in Oct 2010. I guess you know what's the movie is about :)

I just went to the Rotten Tomatoes movies review site and found that this movie has garnered an amazing 97% rating!! That's remarkable for a movie which does not boast big budget FX special effects and action sequences. I believe it should have scored brilliantly with a clever script, good directing and a great cast and I'm pretty sure this movie will do great in next year's Oscar. From the rave reviews that I've seen so far, I guess this is one movie that I will not miss.

By the way, my Facebook ID is Tony Chai. Wow! I just found out that there are tons of Facebook users registered as "Tony Chai". I won't be too surprised since up to July 2010, Facebook has more than 500 million users around the world. The company is estimated to be worth at least US$30 Billion.


Tony Chai

P.S. I just watched the movie and I've only one word which aptly describes it - Fast. It's like a computer program being coded line by line by a professional programmer. Each dialogue is quick and kept the pace of the movie tight without making the story too confusing. Mr Jesse Eisenberg portrays the character of Facebook's creator, Mark Zuckerberg, really well. I wonder whether Mr Mark Zuckerberg talks bullet-fast like that in real-life synonymous with how quickly he generated those Facebook program codes. I'm also wonderfully surprised that Mr Justin Timberlake put up a great performance playing the character of the inventor of Napster. Go watch it!