In trading you must adapt

In the past 12 weeks I have had a tough time being away from my passion of trading. It has been so tough because our little daughter has food allergies. If I make a mistake and eat something wrong I am spending 4-6 hours with her crying in my arms. This sort of unpredicatbility has me watching the market from the sidelines.

That is until I figured out a strategy swing trading with options. Just like with trading individual shares you want to make sure that you are in an option that has the volume to be able to get in and out easily. You dont want to get into a trade and get stuck because there is no one to buy the option you are trying to sell.

So with this strategy I use Trade Ideas scanner that is from the surge page. If you have Trade Ideas you can load the cloud link. I can sort the stocks surging by the number or options being traded.

As I get my feet wet again in trading I am trading with a smaller account that was at $950. In the past week with my swing trades I am up a nice $300. which is roughly 30% in a week. Not quite as lucrative as the quick moving low float stocks, but still building a profit.

I do enjoy the low float runners where you can be in and out with a nice 50%-300% profit in less than 30 min. However with my limitation right now I had to adapt to a trading style that works with my time ability to be in front of the computer to watch the stocks.

I will usually check the scan right at open and see which gappers have the best option volume. The first red day for sell off stocks that are optionable tend to be good for a put option returning a nice 20% profit for a day trade. Then for the second or third day when the stock begins to curl back up a call in the money for a monthly expiration is working well for a slower swing trade. Right now I am swinging XBIT and PPC calls.

I have found that the weekly options are better for intraday scalp trades and the monthlies with momentum are better for a swing trade. I am by no means an expert on options and taking it slowly with 1-2 contracts at once. It is a great way to leverage your capital and be able to make a nice profit when the trade goes in your direction.

However you need to definitely cut the loss quickly if it goes against you. In my eyes you have two things that can make a loss worse if you dont cut it. First you have the price action and then you also have the time decay. The closer to expiration the faster the option will devalue if out of the money.

I’m seeing the same support and resistance levels hold true in trading options, however you need to make sure you are in an actively traded option otherwise you can have a hard time exiting.

I never buy a contract at the bid because you will end up losing right from the get go. Instead I put in a price I’m willing to pay close to the bid. I have found trading in the trend of the day is more profitable than a reversal trade. This new strategy is teaching me patience in seeing the gains become realized. I am able to work on the book, take care of my daughter, and watch the stock in the background. Immediately after I buy my contract I put in a wish sell price in case someone buys on the ask by mistake.

This has all come about because my stock trading is more time consuming watching the whole market. My daughter is number one and when I have the time again I will be back full force.

In the meantime working hard to get my book out to you all for a June release. Quick update that the cover has been chosen, the website is in development and taking names for preorder and deal info when you sign up bit.ly/APJBKlist

I love hearing feedback from you. It makes my trading more personal and I like to hear how I can help you. If you have questions or comments you can contact me here or on Profitly, Twitter (@jane_yul), Instagram (missairplanejane), LinkedIn and Facebook (@sugarairplanejane). carpeprofit@gmail.com or YouTube

And if you reach out to me and I dont respond immediately please don’t take it personally as I might get to it at a 2 or 3 am feeding while reading on my phone.

Working on my book  to be released this spring of 2017 available on Amazon and major retailers. Sign up here list for updates about when and where to preorder.

The tool I use for scanning and alerting is Trade Ideas who offer an always free trading room. Promo Code CARPETPROFIT15

Also testing out Stocks To Trade that has a 1 week $1 trial 

For my charting and level 2 I use Equityfeed.

This blog is for information purposes. I am not a registered securities broker-dealer or an investment adviser. The information here is not intended as securities brokerage, investment or as an offer or solicitation of an offer to sell or buy, or as an endorsement, recommendation or sponsorship of any company, security or fund.

Advertisements

Kudos to @WolvesWallSt for all his hard work on$IMGN and $ADPTQ….See it can be done!

Unlike the haters in the internet world, I like to give credit and compliments when due. My good buddy Billy just crossed the one year mark in being a full time day trader and he rocked it with an amazing day of profits over $89,000.

Now to give you an idea of what it takes to make this change in life lets recount how he did this. He gets up every day at 4 am to do his research to be ready for the market. He takes this seriously as it is his profession. This success came with hard work.

I just spent all day yesterday helping another friend with how to get into day trading and giving them the honest truth about the good days and bad days. There are no smoke and mirrors to being successful, it takes hard work.

You have to be prepared to study hard and learn the market. We went over basic steps which I’m sure you all have heard me say.

  1. Study the market terminology and phrases.
  2. Study the price action
  3. Practice with paper trading – to find your strategy, consistency and confidence
  4. Practice with small amounts of real money
  5. Trade humbly with proper risk management.

15% of your trades will be stellar the other 85% will be small gains. I always say Carpe Profit take each gain one at a time because they will all grow your account.

Once you make the decision to learn to day trade, be kind to yourself. There is soooo much information that you have to learn and it will grow daily with your constant efforts. This is a marathon not a sprint.

When you find your mentor to help you along in the journey make sure it is someone that you find a similar personality to yours. Also make sure that they do not guarantee profits. In my opinion, anyone that guarantees profits is a scam artist just trying to take your money. It is important for your educator to tell you that there are risks.

Back in 2015 there was a gentleman who experienced that unfortunate risk being short a low float stock when it went against him. You can read how he ended up owing over $100,000 when the stock ran from 2 to 18.5. No one can forsee the exact date that a spike like that will happen, but there are indicators.

I’m not sure of his experience in trading at that time, but it is very unfortunate for him. Those sorts of stocks are life changing in the best way and worst way possible. For my buddy Billy he happened to be short $ADPT when it filed bankruptcy and short $IMGN and he banked! He was positioned at the right time and right place.

That is what trading is about to me. Seeing the calculated risks and opportunities and seizing them. There are thousands of stocks out there, but you need to be able to learn the patterns and the corresponding market action to those patterns.

It will not happen overnight. You have to study hard, but the truth is you can do it. If you want it bad enought then you can and will make it happen. You need to make it part of your day to make it your career. Yes you can be done work by noon everyday, but you need to start working hard today for that shortened workweek. You will have the opportunity to work anywhere in the world with your laptop and a good internet connection.

If you are working a job you hate and want a change. Don’t wait start today. The more time you devote to learning now the faster you will get there. It is possible but there is not set timeframe on when it will click for you. The more work you put in the more likely you will start to see the patterns quickly. You need to practice and have hands on experience.

These success stories on the internet are real and it takes hard work. You can be in that 10% that succeed with passion and drive to make it happen.

I love hearing feedback from you. It makes my trading more personal and I like to hear how I can help you. If you have questions or comments you can contact me here or on Profitly, Twitter (@jane_yul), Instagram (missairplanejane), LinkedIn and Facebook (@sugarairplanejane). carpeprofit@gmail.com or YouTube

And if you reach out to me and I dont respond immediately please don’t take it personally as I might get to it at a 2 or 3 am feeding while reading on my phone.

Working on my book  to be released this spring of 2017 available on Amazon and major retailers. Sign up here list for updates about when and where to preorder.

The tool I use for scanning and alerting is Trade Ideas who offer an always free trading room. Promo Code CARPETPROFIT15

Also testing out Stocks To Trade that has a 1 week $1 trial 

For my charting and level 2 I use Equityfeed.

This blog is for information purposes. I am not a registered securities broker-dealer or an investment adviser. The information here is not intended as securities brokerage, investment or as an offer or solicitation of an offer to sell or buy, or as an endorsement, recommendation or sponsorship of any company, security or fund.

 

Are you struggling in your present situation?

Know that wherever you are or whatever is going on that this situation is temporary and changeable!

This blog post comes from one of the most difficult days so far with my 10 week old.  Today was devoted to the little one. She was fussy and eating all day long ( probably a growth spurt) with only napping 2 hours total from 9 am to 630pm.

Given the fact that she won’t take the bottle made it a rough day to say the least.

In reflecting back on the day, it makes me thankful that not all days have been like today. Remember that each moment and each day bring new opportunities.

My first daughter had rough days like these everyday for 4.5 months straight . It makes me realize today is just one day of my day being dominated by a restless baby and not 4.5 months. For that I’m am thankful.  No matter what is going on there is always something to be thankful for in your family, friends and more.

This is to remind you we are all human. We all have good days and bad days in our present situation. The bottom line is we can improve them right now. The energy and effort that we use  in our thoughts will help us change it to a positive situation.

If you want to improve your situation  start with your mind. Your present state is changeable. You want to make a million in the stock market? You want to leave your 9-5 job? You want to travel the world? You want to lose the excess weight? What is it going to take?

First off a positive mindset believing in yourself. You can do anything you set your mind to do!

It will take hard work starting now. Guess what…you are worth it! All the hard work will improve your life moment by moment, day by day.

We live each day and that is what we need to concentrate on improving. All those little improvements “today” will change your future.

Don’t get down on yourself for any actions that brought misfortune in life. The beauty of life is it is changeable. You don’t like something then make a change. When we keep repeating the same actions without change the results are the same. Learn from them and move forward.

The same in life is true with your trading. To improve in trading your can journal your actions and see what went right or wrong. The continued results are based on if you learned from your mistakes.

It takes being strong to see your own faults in your journaling and knowing what you must change. When you are true to yourself your results improve.

Keep up your hard work and know you can get to your desired end results by starting with changes today.

I love hearing feedback from you. It makes my trading more personal and I like to hear how I can help you. If you have questions or comments you can contact me here or on Profitly, Twitter (@jane_yul), Instagram (missairplanejane), LinkedIn and Facebook (@sugarairplanejane). carpeprofit@gmail.com or YouTube

And if you reach out to me and I dont respond immediately please don’t take it personally as I might get to it at a 2 or 3 am feeding while reading on my phone.

Working on my book  to be released this spring of 2017 available on Amazon and major retailers. Sign up here list for updates about when and where to preorder.

The tool I use for scanning and alerting is Trade Ideas who offer an always free trading room. Promo Code CARPETPROFIT15

Also testing out Stocks To Trade that has a 1 week $1 trial 

For my charting and level 2 I use Equityfeed.

This blog is for information purposes. I am not a registered securities broker-dealer or an investment adviser. The information here is not intended as securities brokerage, investment or as an offer or solicitation of an offer to sell or buy, or as an endorsement, recommendation or sponsorship of any company, security or fund.

We all have that lightswitch moment in life…

Today was re-energizing for me regarding my trading passion. I had a good friend from the gym come over to visit our newest addition and catch up. Little did I know that her boyfriend and herself have been following me with my trading career.

It is always great when people come sharing their desire to learn more about trading. Every time I talk about it I end up with more desire to share my experience, as I know there are others out there struggling in jobs they don’t like.

That was the lightbulb moment for me back with our first daughter. I was fed up with my job felt like I was a number and not really a person to the company. I was working many hours for poor pay and thought there has to be something more available to me.

So I began searching out my next career move and falling into my passion with trading. The journey itself is not an easy one. Anyone that says it is easy is a scam artist. It takes time and devotion to learn the market nuances. It was in the beginning of my journey that I found two books that really helped me see I needed to find out my own path. Those books also led me to the idea of writing my own book. I never thought I would be an author but found the desire to help others in their journeys. My book is 1 wekk into editing with the editor and should be released June at the latest. You can sign up for Preorders here

When you wake up in the morning and you feel unsatisfied to go to work, it is time for change. That change has to start within yourself. If you want to change your path, you need to make daily changes. I believe that anyone, yes anyone can learn trading but not necessarily on the same timeframe. You need to make the change in your mindset.

You are good enough to have a job where you create your own schedule. Will it happen overnight? No! Will it take hard work? Yes! but you know that your happiness that you live each day is worth it. All of it is worth it when you are happy to wake up and go to work.

Honestly the whole reason we go to work is to provide for ourselves and our familys. We have basic needs of shelter, clothing and food. Once those needs are met it becomes the hobbies and luxuries we can treat ourselves. The question is how badly do you want these things for yourself?

When you take a couple extra minutes, hours or days out of your week to study the market you will learn it. No one can sit down at a computer and be an amazing trader without studying. There are some amazing free tools out there but it means you need to search for them. Waiting for everything to be given to you means you will be waiting along time.

If you take the train to work, use that time to study. If you have kids like me take 30 min or an hour or more a day once they are down to study. There are ways, but you will have to step out of your comfort zone. There will be days you think I can’t do this, but the truth is with hard work your life will change. You will make it happen for yourself. So go out and do it! Don’t wait until tomorrow start today. The day isn’t over so take some time to improve you life and break free from the daily grind.

Now when you make the decision to go forward and change make sure you have the support of your loved ones. That can sometimes be the hardest part and your hard work and knowledge will help to build the support. If you just quit day one and say tomorrow I will trade it will be hard for them to support you. It takes them understanding you might have losing days too, but hopefully you are able to help educate them as well to know your risk management to keep them comfortable with your gains growing bigger than your losses.

I get haters all the time on Twitter, Intagram, Facebook and Youtube. They don’t believe it is possible or that a woman can do it. I don’t have to justify my life. The result is that I haven’t gone to work for someone else since Mid June 2014. I am proud to say I’m a stay at home mom working for myself and my family. You can too just put in the effort a little each day.

And if you reach out to me and I dont respond immediately please don’t take it personally as I might get to it at a 2 or 3 am feeding while reading on my phone.

I love hearing feedback from you. It makes my trading more personal and I like to hear how I can help you. If you have questions or comments you can contact me here or on Profitly, Twitter (@jane_yul), Instagram (missairplanejane), LinkedIn and Facebook (@sugarairplanejane). carpeprofit@gmail.com or YouTube

Working on my book  to be released this spring of 2017 available on Amazon and major retailers. Sign up here list for updates about when and where to preorder.

The tool I use for scanning and alerting is Trade Ideas who offer an always free trading room. Full Access Test Drive for $8.88 April 10-17th

Also testing out Stocks To Trade that has a 1 week $1 trial 

For my charting and level 2 I use Equityfeed.

This blog is for information purposes. I am not a registered securities broker-dealer or an investment adviser. The information here is not intended as securities brokerage, investment or as an offer or solicitation of an offer to sell or buy, or as an endorsement, recommendation or sponsorship of any company, security or fund.