Options Trading

It has been one of my goals to get back to some options trading in 2008.
Like I said I have spent almost a year studying about it and trying out lots of things...and finally taking a very long break.....

So started this week with a pitiable (in my opinion )capital of $250.

IF you are not an options trader any further reading will bore you to death...It will sound like some silly garble so I suggest you can move on without reading alternatively if you are a regular options trader or aspire to be one this might give some pointers over a period of time.

I did one trade every day from Wednesday... and I am focusing on trading Diamonds - Intraday!

Date Time Name of Contract Amount Profit/Loss
2/6/2008 95410 DAW BS-DIA Feb 123.00 CALL 201.00
2/6/2008 100301 DAW BS-DIA Feb'123.00 CALL -218.99 17.99
2/7/2008 95256 DAW BQ-DIA Feb 121.00 CALL 231.00
2/7/2008 100349 DAW BQ-DIA Feb 121.00 CALL -248.99 17.99
2/8/2008 93906 DAW BR-DIA Feb 122.00 CALL 191.00
2/8/2008 104405 DAW BR-DIA Feb 122.00 CALL -193.99 2.99
Profit 38.97


as shown I was able to grow my capital of $250 to $288.97 by the end of the week.
Thats $40 a week may sound a pittance but you need to keep in mind I am doing it from home after all have gone to bed for the day....spending about an hour.
Also see that if it was an investment of $2500 or $25000 then it would have been 400 and 4000 dollars a week...I am sure that sounds good!....Well thats a dream right now at .At this point I want to grow my little $250 to $ 1000.At the rate I am moving I should be able to do that in less than 20 weeks ....now you see its going to be a very slow and steady process....
Interestingly one pointer just after 3 trades was to enter only after 9: 50 AM ...the trade is faster to close then and the returns are better...my first target is not to make any loss ....and profit is about 10%....in one hour....