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At OEX Street, our philosophy is: "Trading the Market with an Objective Approach". OEX Street has published real-time OEX options trades on the internet since 1999; making us an internet pioneer in OEX trading. In 2003 we introduced day trading of eMini futures, both Russell and S&P. After nearly a decade of hands-on trading, OEX Street has dispelled the myth of impulsive trading through the use of a mechanical approach. OEX Street removes the influence of emotion and increases the success rate, resulting in an objective, researched signal.
Oct 25, 2007
- Learn the basic concepts of successfully day trading index options. Think about where you plan to sell the option long before you buy the option...
Progression of a Trade:
Here is a live snapshot of the Key Levels we provide each morning. These levels are used for closing positions. Interesting that we provide the tool to close a position in advance of entering a trade? Now that's looking forward and being prepared.
An instant message is delivered "Call Signal - November 710 Calls on a Break Above OEX 704". The Blue arrow illustrates the triggered signal. Note the Target Range is provided immediately.
Within 90-minutes of buying Call Options, the OEX advances to the Target Range where we Sell for Profits ! Sometimes we prefer to trail a partial position beyond the initial target. This is why we provide a range. Notice the range is based on the Key Levels.
Once the upper Target Range (707.25 in this example) is met, we no longer provide guidance because it is assumed everyone has sold as recommended. The November 710 Call Options increased over 10% in value over this short period of time.
After a brief pause, the OEX advances to the next Key Level (709.38 in this example) where is closes for the day. It's nice to have a roadmap to trade with. Especially when that map is provided 30 minutes after the open, way before a trade is entered.
by Jospeh FORD - http://oexstreet.com/ "Trading the Market With an Objective Approach"
p.s. Membership to oexstreet.com now includes auto trading access to our russell eMini system, NUTUS ER....
Yes! I would like Join Your OEX Options Live Broadcast.
& You will receive instant alerts via Yahoo! messenger,
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Disclaimer:Please note
that charts and commentary provided by the moderator are for educational
purposes only. Any trades placed upon reliance on the moderator’s
charts or information is taken at your own risk for your own account.
Past performance is no guarantee of future results. While there is great
potential for reward trading stocks, futures and options, there is also
substantial risk of loss and you must decide your own suitability to trade.
Future trading results can never be guaranteed. This is not an offer to
buy or sell stock, futures, options or commodity interests. Most trading
systems are based on historical formulas which have worked in the past.
However, what has happened before may or may not happen again. You can
lose all your money trading stocks, futures, and options and you must
decide your own suitability as to whether or not to trade. Only trade
with true risk capital you can afford to lose. Only trade markets you
can properly afford to trade. Properly funded trading accounts typically
perform better than those that are not. Never risk more than 2-3% of your
account on any one trade. Always define your risk before entering a trade
and place a stop to limit your risk. There are
no guarantees or certainties in trading. Trading involves hard work, risk,
discipline and the ability to follow rules and trade through any tough
periods during a system’s draw downs. If you are looking for a guarantee,
trading is probably not for you. Most people lose money trading. One of
the reasons is that they lack discipline and are unable to be consistent.
A system can help you become consistent. Ironically, worrying about the
monetary aspect of trading can contribute to and cause a trader to make
trading errors. Therefore, it is important to only trade with true risk
capital.
