One of my methods of locking in my profits is to average up. Whenever a trade is going in my favour and I m confident of the trade to go further, I will buy in more and average up my position.
This way, I increase my potential of getting more profits from the same trade. The money that I put in during the average up is also insured by the existing profits in the trade.
This way, I reduce the risk of my 2nd influx of capital while increasing my potential of higher profits. I deployed this example on almost all of my winning trade to milk out as much profits as I can from the trade. Should the trade turns against my favour, quickly cash out before the profit runs dry to prevent a capital loss.
ALWAYS preserve your capital.
Tags: Options Trading
Hmmm… These few weeks I had to deal with quite a few relationship problems… Not my own… But I seem to have quite a few friends that encountered set backs in their relationship… At first, I can understand the sadness and the lost… But as a very concerned friend, I’m really quite lost as to what I can do to help them cope and get over it…
Dear friends, please do know that I m always here and will help out as much as I can. Anyone that is reading this can maybe give me some ideas on how I can help them?
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Today I went for my Basic Jap 1 lesson in shaw house…. I had a lot of fun… Haa… Reminds me of the times that I had when I was in poly learning jap… Those were still very vivid in my meories… Those were the days… Haa…
Anyway, I realised I still retained some vocab that is useful in my class… Haa… Time to learn my 3rd language… Gambatte!
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So what is my progress like 3 weeks into my job? Many of my ex colleagues asked me wor… They really very concerned about me… So touched…
I suppose I’m doing ok ba… I m starting to take up the simple support cases… Going into client databases to help them undo their mistakes… And teaching 1 of the client on how to do 1 simple usage of the systems…
Dunno this is considered fast or not that I’m doing these at the 3 weeks mark…
I like the work culture a lot… They have a very open concept… Everyone has a chance to learn from ANYONE… There is very little rank and file in this company… They do take my suggest as seriously as those that comes from my big boss…
However, I feel that I have not display my full potential yet in this company… There is so many things that I want to show them that I m capable of… But I think I just lack the chance… I suppose its also because I m a slow to warm up person… And that I only display my capabilities when the need arises…
Sigh… I really have to be more out spoken… I think I m already classified as someone that is more of an office person than meet the clients person…
Do you think I m that?
Zeag ponders…
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The last week has been very very quiet… There is only 1 counter that fulfilled the criteria in the earnings play…. Which is AGE. However on closer inspection, they actually gapped up the week before due to being bought up by another company.
So is it possible that after earnings they would still gap up again? My conclusion is no. Why?
I read up on the buyout deal… It is something like this…
Shareholders would receive 0.9844 of a Wachovia share and $35.80 in cash for each of their shares.
This would work to about $89.50 per share… That would mean that it does not make sense for investors to push the price of AGE over that price.
Next Strike price is $90 and AGE is trading in the range of $86-$88.
Conclusion. Not vested.
Tags: Options Trading
We pat each others back,
keeping company as we walk.
We sat around each other,
solving problems as we talk.
Over the LAN, over the Net,
we rallied and we fought.
Gaining team work, releasing pressure
we conquered and we got strong.
Sometimes, I slipped,
Sometimes, I bled.
Sometimes, I failed,
I were never scared.
For I know, a friend will hold me up.
For I know, a friend will heal me.
For I know, a friend will share my failure.
For I know, someone will be there for me.
The team I never knew I wanted
Taught me loads and loads
Laughter in abundance
The bond grows and grows
Now I have to leave,
still connected from afar.
Sad as I may be
I will never forget thee.
Friendship will be tested by this departure
but it shall not dilute.
Like the water of the sea, every drop salty
No matter how far apart each droplets might be,
It will still contain the salt like our friendship in me.
- Zeag 2007 (Thanks AMBU O&S)
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