When someone starts trading, investing, or both, one of the most important and yet least focused on part of the process is finding the right broker to handle their trades. The chances of you finding a broker correct for your trading and investing is high. There are many brokers that cater to all styles of trading and investing.
Topics to think about when choosing a broker include but are not limited to price per trade, transaction speed, access to different markets, accessibility to human brokers, account limits, fee structures, and other issues that pertain to you. You should first have an answer to all of these questions before choosing a broker.
As an example, Sell The Call and Trading Futures ETF Options accounts have found that Optionsxpress is best for their trading.
Make sure and take the time to research which broker is best for your situation. Beware of deals from brokers. Sometimes getting the immediate financial benefit is not worth the long term cost. Choosing a broker not suited to your needs can and will hurt your trading performance in the end. Choosing the proper broker will at least not hurt your results and could possibly enhance your results.
Showing posts with label optionsxpress. Show all posts
Showing posts with label optionsxpress. Show all posts
Tuesday, April 2, 2013
Tuesday, July 27, 2010
Use of tech to build wealth
For the first time today I used Optionsxpress' droid app to place a trade. I was able to do it during lunch since I was away from a computer.
Technology can be a great way to become a better investor/trader. But these tools should be used after plenty of background work has been done.
So take some time and get to know the tech tools out there. They might be able to help you become a better investor/trader.
Technology can be a great way to become a better investor/trader. But these tools should be used after plenty of background work has been done.
So take some time and get to know the tech tools out there. They might be able to help you become a better investor/trader.
Thursday, July 1, 2010
Commissions
Recently, one of my brokers lowered its commissions rates by . This is important as I use this account for trading and will plan to make 25+ trades in the coming year.
Commissions do affect how you invest. You must include those costs when figuring out your returns.
Commissions do affect how you invest. You must include those costs when figuring out your returns.
Friday, June 5, 2009
6 weeks to go, in black so far
Hey everyone
The open trade is currently positioned to end with a profit. The stock price rallied past the call price earlier in the week and finished the week above the call price. The call price has increased its time value (in dollar terms) by sixty percent since the trade was made meaning there is an increased level of interest in the company's stock. The call's expiration is due in six weeks or 30 trading days.
The company was positively covered by CNBC and the call options being traded were mentioned by a writer from Optionsmonster (link with story will be shown after trade is over.) I found the article through Yahoo Finance.
In the meantime, another deposit has been made to the account. Currently the trading account will be able to handle double the activity in four months. This will be one month shorter than it took for the previous set up to take. It is important to keep these deposits coming as it will assist in the accounts growth through new deposits, interest, and trade revenue.
As always, I do not fully divulge information on open trades until they are done. When the trade ends, I will give out the rest of the details (stock name, price purchased, call purchased, news on company/ETF, chart info) that sort of thing. Please feel free to ask me questions and I will answer them the best I can without endangering the trade.
The open trade is currently positioned to end with a profit. The stock price rallied past the call price earlier in the week and finished the week above the call price. The call price has increased its time value (in dollar terms) by sixty percent since the trade was made meaning there is an increased level of interest in the company's stock. The call's expiration is due in six weeks or 30 trading days.
The company was positively covered by CNBC and the call options being traded were mentioned by a writer from Optionsmonster (link with story will be shown after trade is over.) I found the article through Yahoo Finance.
In the meantime, another deposit has been made to the account. Currently the trading account will be able to handle double the activity in four months. This will be one month shorter than it took for the previous set up to take. It is important to keep these deposits coming as it will assist in the accounts growth through new deposits, interest, and trade revenue.
As always, I do not fully divulge information on open trades until they are done. When the trade ends, I will give out the rest of the details (stock name, price purchased, call purchased, news on company/ETF, chart info) that sort of thing. Please feel free to ask me questions and I will answer them the best I can without endangering the trade.
Monday, June 1, 2009
First trade entry
Alright! First trade entered!
I made the trade on May 27. I have purchased 100 shares of stock and sold an out of the money (but closest to the money) July call (fifty cents away.) The premium received from the call (after transaction costs) equaled 5% of the stock. The chart of the stock is in a recovery mode since the spring thrashing.
I made this purchase for several reasons. The chart of the stock is showing major support at this level. The company came out with a positive surprise last quarter and guidance for next quarter was positive. The stock has room to move up without being called away right away. The difference between the call price and the stock price also allows a decent profit after transaction costs if reached. The call premium received allows continued growth in capital for the account.
As always, I do not fully divulge information on trades until they are done. At that point, I will give out the rest of the details (stock name, price purchased, call purchased, chart info) that sort of thing. Please feel free to ask me questions and I will answer them the best I can without endangering the trade.
I made this purchase for several reasons. The chart of the stock is showing major support at this level. The company came out with a positive surprise last quarter and guidance for next quarter was positive. The stock has room to move up without being called away right away. The difference between the call price and the stock price also allows a decent profit after transaction costs if reached. The call premium received allows continued growth in capital for the account.
As always, I do not fully divulge information on trades until they are done. At that point, I will give out the rest of the details (stock name, price purchased, call purchased, chart info) that sort of thing. Please feel free to ask me questions and I will answer them the best I can without endangering the trade.
Wednesday, May 27, 2009
In business
Hey everyone
The covered call account has reached its capital requirements and is now in business. Now to find the first trade! Thanks to Optionsxpress for partnering!
The covered call account has reached its capital requirements and is now in business. Now to find the first trade! Thanks to Optionsxpress for partnering!
Friday, April 10, 2009
Covered Call Account
Currently I am funding covered call account. The strategy provides a consistent income on a monthly basis. This strategy will provide a step level type income as the more options we will be able to sell, the more income we will be able to produce. The expectation is that the revenue curve will be shaped in an exponential curve. I will be able to implement the strategy in about 10 weeks. I am looking to the July options as a start to the account.
Keep you posted!
Keep you posted!
Monday, April 28, 2008
Time to straddle PBW again
Hey everyone
The chart of PBW is again telling us to straddle. I would pick the Sep 21's and 22's. With earnings coming up in the next couple of weeks for the companies covered, there should be some decent volatility. The image is blurred but you can see the price is right on the 15ma and the bands are closing. The chart will allow a straddle because of the volatility and the consistent following on the edges of the bands to provide more than enough profit to cover the loss on the other side. Also, 700, shares have been traded by 1 PM eastern which is fairly heavy at this point in the day. Thanks to Optionsxpress for the chart.
The chart of PBW is again telling us to straddle. I would pick the Sep 21's and 22's. With earnings coming up in the next couple of weeks for the companies covered, there should be some decent volatility. The image is blurred but you can see the price is right on the 15ma and the bands are closing. The chart will allow a straddle because of the volatility and the consistent following on the edges of the bands to provide more than enough profit to cover the loss on the other side. Also, 700, shares have been traded by 1 PM eastern which is fairly heavy at this point in the day. Thanks to Optionsxpress for the chart.
Friday, January 25, 2008
purchased call spread for PBW
Hey
With the manic activity in the stock market, the price of a solar ETF (PBW) came down to a point where I could purchase a call spread.
So I went ahead and purchased the June 22 calls, and sold the June 24 calls (that is the spread). My thought is that with the continued spending on solar will continue in earnest by both private (corporations) and public institutions (government), the ETF will do well in the next few months. The max profit on the trade is around 115%. I do have a stop loss on the trade but will not show it. When the spread was purchased, the PE of the ETF was as low as 20!
I was able to handle this trade with the great assistance of Optionsxpress. Thanks to them!
There is a stock and options site that I find very good information. The site is called Phil's Stock World. It has very good analysis on the world markets.
Good luck to all traders. May you see value in your purchases and profits from your sales!
With the manic activity in the stock market, the price of a solar ETF (PBW) came down to a point where I could purchase a call spread.
So I went ahead and purchased the June 22 calls, and sold the June 24 calls (that is the spread). My thought is that with the continued spending on solar will continue in earnest by both private (corporations) and public institutions (government), the ETF will do well in the next few months. The max profit on the trade is around 115%. I do have a stop loss on the trade but will not show it. When the spread was purchased, the PE of the ETF was as low as 20!
I was able to handle this trade with the great assistance of Optionsxpress. Thanks to them!
There is a stock and options site that I find very good information. The site is called Phil's Stock World. It has very good analysis on the world markets.
Good luck to all traders. May you see value in your purchases and profits from your sales!
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