sonstiges » She bought 20 MSFT

Sidney felt sick as she looked at her latest OptionsXpress trading statement. In just 8 months cheap air max womens , she had managed to turn her $120,000 account balance into less than $70,000.

Tears welled up in her eyes as she realized that the financial freedom she so desperately sought was slipping uncontrollably out of her grasp. For the first time since the accident, she felt desperately fearful of the future.

How would she be able to keep custody of her two young children, Paul and Sara cheap air max shoes , without an income once the money was gone? She just knew her violent ex-husband, Tom, would file for custody as soon as he discovered that she had no way of providing for her children, and then she would be on her own. Her situation seemed hopeless...

12 months earlier, she had received a compensation payment for a work related accident and at the time had no idea of what to do with the money.

Her injuries were so severe that the likelihood of her working again in the near future was slim at best. She needed financial advice cheap air max wholesale , but who to turn to, she had no idea.

A well meaning friend had mentioned an options trading course he had attended and suggested that trading might be a way for Sidney to earn above average returns on her compensation payment money, as interest and dividends would not be able to provide enough income for the family to live on.

She thought about it for several weeks, $5000 was a lot of money to put up to learn something that seemed totally foreign to her. Her other friends, when asked for their advice cheap air max , warned her not to even consider options trading - it was a casino and everyone who ventured there lost their shirt.

The thought of extra returns however was too much for her, so she signed up for an upcoming course and hoped she could learn enough to succeed where so many others had failed.

The weekend course came and went in a blinding flash of trendlines, moving averages, support and resistance and Bollinger bands. She didn't know what had hit her.

At home the following day, she sat and stared at the course materials and was more confused than ever about options and spreads cheap nike air vapormax , puts and calls.

She looked at her two young children as they slept peacefully and decided that she simply HAD to get this right - she could see the potential - the course presenter had shown them trading statements showing profits of up to $25000 on a single trade, and no losses, so it was possible.

For the next two weeks, she read and re-read the course notes and listened to the CD's of the event she had received in the post after shelling out another $1400 at the seminar for them.

It finally started to make some sense for her one Saturday afternoon when her seven year old daughter looked at the chart she had on her computer screen and said, "That line is going up cheap nike air max running shoes , Mommy, what is it?"

She looked into her young child's eyes and smiled, thinking "How simple was that?" She had just written out a trading plan for a put option trade based on her analysis of that very chart - she thought the price would go down; how wrong would she have been?

She stared at the chart for several long minutes and then she saw it.

She had been told that the safest place to buy put options was on the first lower top - at the start of a downtrend. However, she also had been told to place a 30 day simple moving average on the chart and never to trade against the direction of that indicator. The Stock had made a lower top, but the trend was still up.

These two conflicting filters had confused her until now. She re-read her notes and found that she must never trade against the direction of the 30 day moving average.

She felt like she had discovered the Holy Grail of trading.

She went back over her charts and looked at the 30 day moving average on each one - in all cases cheap nike air max clearance , that had been the trend direction and it just kept going - she had been trading against the trend! If she went with it she would be raking in the profits in no time.

Armed with this new insight, she decided that she would take the next trade that presented itself with real money and she was sure she was on her way.

The opportunity duly presented itself. She bought 10 (no use starting small) MSFT (Microsoft Corp) July Calls for $1.12, a total outlay of $11,200 plus commission.

The Stock promptly fell for three days straight. She panicked and sold the options at what turned out to be the low of the third day for $0.38 cents - a loss on her first trade of $7500! She was shattered. The next day, the Stock rallied and within two days it was at a new high for the move.

What had happened? She had sold at the very low of a reaction to the main trend. How could she have been so stupid?

She watched as the option premium quickly rose to $2.14 without her. This movement consumed her completely and she didn't even bother looking at her other watchlist Stocks - she was mesmerized by the one that got away.

The Stock continued to climb cheap nike air max factory , as did the option premium - $2.85, $3.41, $3.82. Each day she watched as it doubled, then tripled her original stake. She cried - why?

It seemed the trend was going to continue forever, so she decided to get over it and buy some calls at the bottom of the next 3 day reaction - yes cheap nike air max outlet , that was it.

The Stock was having reactions of 2 and 3 days, so at the end of the next one, she would buy calls and make her lost money back.

That week, the price of MSFT started to come off a little, and had three big days down.

She bought 20 MSFT calls (well she had to get her money back cheap nike air max free shipping , didn't she?) at a much higher strike price than the last ones and paid $1.31 for them, expecting the rally to come the next day.

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