This was a pretty good call for a bounce, wouldn't you agree, optionmaster1? You know that I prefer to buy on dips and I add more (to a certain level) if she dips more after I buy calls. You think I just sat around as she kept going down for more than two hours yesterday?
The referendum the Greek citizens will vote on read as follows:
Should the proposal that was submitted by the European Commission, the European Central Bank, and the International Monetary Fund at the Eurogroup of 25 June 2015, which consists of two parts that together constitute their comprehensive proposal, be accepted? The first document is titled 'Reforms for the completion of the Current Programme and beyond' and the second 'Preliminary Debt Sustainability Analysis'."
The possible answers are the following two: "Not agreed/No" and "Agreed/Yes."
There are two problems with this question:
1. The documents that the referendum refers to have not been made public and they are written in English.
2. The proposal put forth by Greece's creditors that the referendum refers to is technically not on the table anymore.
What is this?
Is this some kind of joke?
What are the Greek citizens supposed to vote on? Do they know?
And we are supposed to make trading decisions based on the outcome of this referendum?
This is really stupid.
Don't get sucked into this. (Don't watch CNBC if you don't want to get affected.)
Optionamster1, here's my girlfriend's reply to you:
I'm replying through Geegee's account, because I just can't leave a message addressed to me unanswered. I was very glad to read you say that Geegee is amusing. I find him so myself!
Of course I know that he's been posting many times a day to this board! What kind of girlfriend would I be if I wasn't aware of his occupation and online presence?? He has a slow and steady approach to trading options, which he has explained to me in detail until I know the whole strategy very well.
He is also very honest, only posting when he has done an actual transaction. The reason, invisible_hand2010, that he never mentions big losses is because he is very disciplined about his money management and never makes any position too big! Obviously.
Anyway, I'm totally informed about what kind of man I'm dating and I'm very happy. Thank you for your concern, and keep reading his "inane" posts!
You are a phony.
If your trades were real and you were not a phony there would be absolutely no reason for you not to post the specifics.
You know that. I know that.
You can't even do it for a week and you've been here posting daily for years.
You are a phony. 100%. No two ways about it.
optionmaster1, I don't trade for you. I trade for myself. I post only what I care to post.
If I open my own forum with paid membership, I'll probably reveal more to my members.
Wow. That's an impressive attempt at a cover up job. Now let's see if you can do this:
WHEN' YOU POST "bought calls" SPECIFY the strike price, expiration, and purchase price.
WHEN YOU POST "sold calls" do the same.
I challenge you to do that for each of your call transactions next week in real time, without skipping any, and without posting late (i.e. 10 minutes after a big price move post that you bought 10 minutes ago).
Can you match that challenge? I think not. No way.
As for your "proof" on the previous message....sure, if any of us look at the trading history for any given period of time in the rear view mirror we can construct buys and sells that would have captured all the micro-volatitliy to make money. That's easy peasy. What you will be unable to do is post the specifics of your buys and sells in real time. You will be unable to do that because you are a phony.
the_invisible_hand2010: "I believe you are trading calls, although I cannot see how you are making the money you claim."
Today's run for this week's two Weekly calls (expired):
Open: $5.20 at 9:30 a.m. ET
Low: $1.69 at 11:57 a.m. ET
High after the Daily Low ($1.69): $5.49 at 3:38 p.m. ET
Open: $3.33 at 9:30 a.m. ET
Daily Low: $0.40 at 12:03 a.m. ET
High after the Daily Low ($0.40): $3.12 at 3:38 p.m. ET
For reference, here's what AMZN did today:
Open: 437.00 at 9:30 a.m. ET then 437.88 at 9:34 a.m. ET
Daily Low: $433.48 at 11:57 a.m. ET
High after the Daily Low: $438.20 at 3:59 p.m. ET
I tend to buy calls too early, so I seldom buy at or near the daily low of any given day. You must also know that I use a strategy based on the Martingale system ("I added more.").
I also tend to sell too early to lock in profits, so I seldom sell at or near the high after a run upward from where I bought my calls at.
But you can see it's quite possible to make "a tiny profit" or "a small profit" fairly often. ( You must know AMZN usually moves $2~3, up or down, a few times in any given day.)
Here's what I have to say about this:
I agree with you that as a rule of thumb, giving people the benefit of the doubt is the way to go. But in the case of Geegenjar's "trades" there really is no doubt about it. When there is no doubt left that he is a phony, continuing to assume that his trades are real because it's a better policy to just take people at their word is the same as staring facts in the face and saying that the facts aren't there. I think the best decision making comes from being able to see a spade for what it is, a spade, and respond accordingly
The FACT is that someone with the handle geegenjar posted just now that he made money this week. The FACT is also that the person who logs in as geegenjar, who posts dozens of times daily claimed at the end of the day today, after the stock price moved up by $4, that he made additional purchases several hours ago, presumably at a low point.
Those are FACTS.
I would bet $100,000 against $1000 that you are full of #$%$. That is also a FACT.
Just ask him to specify what strike price and expiration he purchased and what price he paid.
He can't and won't ever say that because his purchases and sales are completely bogus.
Think about it. If he is really buying and selling calls, and he is posting that he "bought calls", why can't he post which calls he bought and what he paid for them, and then what price he got for them when he sells.
He can't provide those specifics because being specific would ruin the game he plays.
There is no one on the planet who day-trades with anywhere close to as much success as geegenjar pretends to. The vast majority of day traders lose money. Day trading long options are a total and complete sucker's game because you have to fight the bid/ask spread along with the time decay if you're trading near-term expirations. There is literally zero chance his trades are for real.
I don't care if anybody believes what I've been doing. The fact is that I made money this week (a pretty good sum at that) and you didn't. (I'm assuming that you're still hanging onto your shorts made at $435 and $439.25 this week. You had some paper profit earlier today. You didn't take the profit.)
Personal message to Geegenjar's girlfriend:
My name is optionmaster1. I regret having to be the one to bring this matter to your attention but I fear I must out of a sense of responsibility.
Your boyfriend is a phony. He has wasted the past several years of his life posting dozens of messages a day on the Yahoo! AMZN message board. Most of the messages are inane comments about shorts. The other messages are desperate attempts to prove his trading prowess by claiming that he has bought and sold call options at just the right times each day to make money.
When he gets trapped in a lie, he just lies some more to get out of it. For example: "Bought another set of calls with a lower strike price today". Think about it. He posts dozens of times a day yet somehow he decides to wait three hours to mention this "purchase", and he only mentions it after the stock has risen a few points over the last three hours. Does that sound like the behavior of a pathetic liar to you?
Yes, I know it's hard to hear, but please don't blame the messenger. I thought it best for you to learn now before you get too entangled.
I try my best not to pay attention to AMZN's fundamentals. I just follow price movements. If she dips substantially, she bounces nicely. That's exactly what happened today.
Thanks for telling the message board now about all the "calls" you "bought" earlier today several hours ago and many points lower.
I thought maybe you lost your lying touch, but never fear---You still got it!!!
Anyone who takes you seriously is an idiot.
(My email system is not working.)
The calls I bought yesterday became toast.
Bought another set of calls with a lower strike price today. This set made me money, but as usual I sold them too early. I took a negligible loss on the two sets combined.
For the week, I did very well.
I'm going out to do some shopping and banking.
See you later.