Thursday, April 21, 2016

Thursday's Outcomes

I opened positions on AMZN and MCD as earnings plays.

After trading AMZN, I learned that I had relied on outdated information as to the earnings publication date, which will be April 28 after the closing bell. I intend to hold my position on AMZN and shall reassess it on the earnings publication date, with the intent of rolling it forward to a new position if necessary for the health of the trade.

I rejected trades on MSFT, CAT, PNC and MS because of low implied volatility.

-- Tim Bovee, Portland, Oregon, May 21, 2016

A book from my library →


Tradecraft: Playing the odds to build winning stock market trades from options, a description of how I trade, can be read here.

Elliott wave analysis tracks patterns in price movements. StockCharts has a good explainer. The principal practioner of Elliott wave analysis is Robert Prechter at Elliott Wave International. His book, Elliott Wave Principle, is a must-read for people interested in this form of analysis, as is his most recent publication, Visual Guide to Elliott Wave Trading


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Tim Bovee, Private Trader tracks the analysis and trades of a private trader for his own accounts. Nothing in this blog constitutes a recommendation to buy or sell stocks, options or any other financial instrument. The only purpose of this blog is to provide education and entertainment.
No trader is ever 100 percent successful in his or her trades. Trading in the stock and option markets is risky and uncertain. Each trader must make trading decisions for his or her own account, and take responsibility for the consequences.

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