Dow Futures RHRN hardly down viv a vis Nasdaq (read AAPL). This could be a stealth trade impacted only by OMM members. Bon chance! Cold and dreary back East, but that is what I expect. Expect the expected (my new vanity plate).
Jake – Conceptually, if the feb 72.5 were to open at 2.20 then the implication is MCD is opening under recent support…..which is the ‘idea’ behind the trade. I’m not Dan…but I’m sure he would counsel you to skip the trade.
Dan – I’ve been looking at MCD for a bounce from support trade and you have nailed one (actually 2.)
Great presentation: Clearly explained with what, when, where, why and why now. Exit strategy is conservative and should allow all members choosing to exit at the target to get out. With the relatively loose parameters on the entry vs the prior close and theoretical values on a widely traded stock I expect most of the membership will have a viable opportunity to enter. Thanks.
GatorD
Video did not work for me on one computer. I had option on this (new) computer of changing from 64 bit which video would not work on to 32 bit. Video works perfectly on 32 bit. I now will be running option market mentor site and stockmarket mentor on 32 bit and everything else on 64 bit. Good luck. Veronica
Dan, I assume you want the feedback. I’ve missed most of the trades putting them in as soon as I receive your email,including today’s. I use schwab streetsmart pro. I’m still eyeing the UNP may calls as UNP perhaps is starting to pullback…is this still a viable trade?
thanks for the MCD trade..I paid a little more but happy with it….can you revisit TBT and comment on it……..I had a trade on… booked profits and looking to re-enter…
It would be helpful to get the recommendation earlier on the east coast. It came after 9:30 pm.
I saw it (via blackberry) this morning. I ended up being late to work by the time I fired up the computer and watched the video, put the order in. After all that I did not make it in to the trade. I guess I would be more understanding if this happened during the week but the market was closed over the weekend and MLK day.
If I would have had a little time to think about the trade I might have been able take on a little more risk.
People, don’t sweat missing the trade if the price never comes in. Actually, I thought this had the potential to be a fairly risky trade due to the very tight time window involved. Not only do you have to get in, but you also have to get out – maybe when everyone else is trying to. I’ll be interested in tracking this, though – even though I hold no position. Hopefully some of these trades are giving you ideas of your own on similar stocks that are maybe even setting up better. Keep your eyes on the earnings dates, though.
Hi Arthur, To print try right clicking, select print preview. It should show all the pages from the graphs in the videos to the actual trade. Click to select those pages you need. Currently, I am using adobe and need to print 2 pages (the chart and the trade setup.) Hope this helps.
I just got one trade going SWN which is up 50 bucks a contract .. at the margins he gives, but good he gives a margin, so we know when to not step in..
I got in higher than Dan said but I am still making profit. THanks Dan. I am doing so much better with you. Don’t care if I make as much, just want to be make money, a little bit at a time is fine with me. Keep sending a trade a week. You are “The Man”!
Great format for the trading ideas. Can you add the updates to the trade as time marches on? ie: raise stops, new sell prices, add more options on strength —things like that.
I will post a note in the forum, but I’ll mention it here also. The format you are using for OMM more user friendly and “neater” than SMMM. I would like to see the features incorporated into SMM if possible. Thanks for sharing your past errors or failures that I too am living through, although more recently than you. Maybe my future will be as bright.
Dow Futures RHRN hardly down viv a vis Nasdaq (read AAPL). This could be a stealth trade impacted only by OMM members. Bon chance! Cold and dreary back East, but that is what I expect. Expect the expected (my new vanity plate).
Dan how bout if the market open low with the option for MCD 72.5 feb call open at or less than 2.20 , do we skip the trade or get in ?
Jake – Conceptually, if the feb 72.5 were to open at 2.20 then the implication is MCD is opening under recent support…..which is the ‘idea’ behind the trade. I’m not Dan…but I’m sure he would counsel you to skip the trade.
Dan – I’ve been looking at MCD for a bounce from support trade and you have nailed one (actually 2.)
Great presentation: Clearly explained with what, when, where, why and why now. Exit strategy is conservative and should allow all members choosing to exit at the target to get out. With the relatively loose parameters on the entry vs the prior close and theoretical values on a widely traded stock I expect most of the membership will have a viable opportunity to enter. Thanks.
GatorD
Horray – I got in this on Friday – bought the Mar 72.50 – at @ 2.80 ! Go Big Mac !
video not working. tried 2 different computers
I can’t get this one either–could you post the text, too?
Thanks
Video did not work for me on one computer. I had option on this (new) computer of changing from 64 bit which video would not work on to 32 bit. Video works perfectly on 32 bit. I now will be running option market mentor site and stockmarket mentor on 32 bit and everything else on 64 bit. Good luck. Veronica
MCD upgrade this am. Looks to open quite a bit higher.
Ran up too high…no trade…
Another trade missed 🙁
Patience… MCD was trading below its opening price and the Feb75’s did trade down to 1.33.
Wow…I can’t believe it…I put a limit order in at 2.75…I know i chased…but I only a little…and I got filled! Now I hope the trade works!
Up 20% in a matter of minutes…it’s tempting to dump it already…
I did 4 contracts BTW…still playing it conservative for now…
Dan, I assume you want the feedback. I’ve missed most of the trades putting them in as soon as I receive your email,including today’s. I use schwab streetsmart pro. I’m still eyeing the UNP may calls as UNP perhaps is starting to pullback…is this still a viable trade?
Dan,
thanks for the MCD trade..I paid a little more but happy with it….can you revisit TBT and comment on it……..I had a trade on… booked profits and looking to re-enter…
Not even a pen or pencil, so free to do online, the only way to start trading “Paper Trading”
MCD – wanted it but wasn’t going to chase it. Good trade for those who got in!
Beta Comment:
It would be helpful to get the recommendation earlier on the east coast. It came after 9:30 pm.
I saw it (via blackberry) this morning. I ended up being late to work by the time I fired up the computer and watched the video, put the order in. After all that I did not make it in to the trade. I guess I would be more understanding if this happened during the week but the market was closed over the weekend and MLK day.
If I would have had a little time to think about the trade I might have been able take on a little more risk.
People, don’t sweat missing the trade if the price never comes in. Actually, I thought this had the potential to be a fairly risky trade due to the very tight time window involved. Not only do you have to get in, but you also have to get out – maybe when everyone else is trying to. I’ll be interested in tracking this, though – even though I hold no position. Hopefully some of these trades are giving you ideas of your own on similar stocks that are maybe even setting up better. Keep your eyes on the earnings dates, though.
It is impossible to get a fill a Dan’s price. This is because MCD gapped up quite a bit on Tuesday opening.
I just watch the price rocket after 10am
would be nice if we could print out the option recommendation.
Hi Arthur, To print try right clicking, select print preview. It should show all the pages from the graphs in the videos to the actual trade. Click to select those pages you need. Currently, I am using adobe and need to print 2 pages (the chart and the trade setup.) Hope this helps.
I echo the frustration of not being able to get in these trades. I have only been able to get in the GM trade. I hope this improves.
I just got one trade going SWN which is up 50 bucks a contract .. at the margins he gives, but good he gives a margin, so we know when to not step in..
agreed only got in SWN but picked up some others in the forum
I got in higher than Dan said but I am still making profit. THanks Dan. I am doing so much better with you. Don’t care if I make as much, just want to be make money, a little bit at a time is fine with me. Keep sending a trade a week. You are “The Man”!
Entry at 3.05 and exit 2 days later at 3.55 for a quick 16%. Thanks Dan for another great trade.
I was finally able to get this trade in at $1.50. It just closed overnight for the $2.00 price. Nice call Dan!
Great format for the trading ideas. Can you add the updates to the trade as time marches on? ie: raise stops, new sell prices, add more options on strength —things like that.
I will post a note in the forum, but I’ll mention it here also. The format you are using for OMM more user friendly and “neater” than SMMM. I would like to see the features incorporated into SMM if possible. Thanks for sharing your past errors or failures that I too am living through, although more recently than you. Maybe my future will be as bright.