Two times Lucky (2 of 50)

My tally so far!

Total Trades-2
Wins -2
Loss-0


Well my 607.26 is now is 620.33. That’s USD 13.07 I made …no matter how you look at it is 2.2% return in 10 minutes….

So here I do my usual homework….S&P Futures at +8 …all positive news…but the skeptic I am couldn’t figure out why the market should be going up….

So I decided to buy my PUT option of the day

DIA 86 PUT at 1.67 at 2:34 PM……and said let me make at the least 20 dollars for the time I need to watch it…( Greed for money!) and I was closed out at 2:47 PM at 1.90.
That’s a profit of 21 ( less 2 for Commission) That’s 12.5% return….

And by the time I was home after picking up the girls at 4PM I saw that option was 2.67 at 4PM So I lost out on 60 dollars at least but as I said it could have been a loss too.
So 10 % is the profit I need to be happy with …it’s the act of taking loss I struggle with…

I hear you why are you not buying 3 contracts and only 1….It take guts to gamble even with knowledge…and I don’t want to lose all my capital….

And yet another perspective …Had I invested say USD 1670 instead of USD 167 it would have been USD 210 for the day…(tempting! Right?!)That’s why I don’t give up even with all the huge losses…. And if I was the rich one I would have put in 16700 and made USD 2100 in 13 minutes….( wonder then Why should I be looking for a job?)…….well as I said..the losses are big in options so beware!

I am Learning English(2 of 31)

Tights and School Dinners

Its the first time I am living in a country where the official and only language is English.

My first language is English or I like to say so .From about 10 years of age I have thought and mainly written only in English.This is inspite of the fact we spoke Malayalam at home but since I went to a Irish convent boarding school I had no choice but to speak English.

So here I come to UK with all my English knowledge and I am surprised how much I dont know...

My first instance was in M & S

I have a list of uniform the girls are expected to wear.So for the legs it said Grey Tights or Grey or White Socks.

So I picked up the grey tights packet as in the photo below and asks the lady at the counter:


Me: " When they wear the "Tights" is there any need for socks?".
Lady: "These are the the normal tights even my daughter wears them to school all the time"
Me:"So do I need to buy socks?"
Lady: "This is the school Tights"

Well by then with two sleepy and tired girls as we then lived in Canary Wharf and was shopping in Croydon I decided I am buying it and we'll see what else is needed later.The reason is I have seen "Tights" without covering the feet and they end in ankles..not sure what you would call them in English really!

So I came back and decided to check the dictionary:
And my American dictionary said " A garment that fits closely and covers the hips,legs and feet" and my OXFORD Dictionary referred to similar adding usualy worn by dancers and acrobats..."

Anyways the girls liked it covering their feet. And I started to realise I need to be more watchful that I dont know enough English.

Then the first day of School I am told they can have School Dinners.Well in the whole of Asia Dinner is referred to a meal you have in the evening.And I firmly believed so.Well with the conversation that I was having with the lady at the school office I figured out it was their lunch.I couldn't help but ask why is it called "Dinner"..She had a quick reply "Well...its made in house and so it is equivalent to a home cooked meal(cooked in school premises) ,so we refer it to as Dinner"...Hmm I thought may be Dinner means a home cooked meal..so when I get home let me check it up...

To my surprise my Oxford Dictionary did say it refers to the "Chief meal of the day-whether eaten midday or evening" it did not say "Home Cooked"My American Dictionary only said it refers to the main meal of the day.

So I am learning English in the English Country!

Options Trading ( 1 of 50)

If you dont understand stock markets reading further will be a waste of time:


Well my trading account has a balance of USD 607.26 to be precise and accurate...
And I am on my mission to resume trading after a long break...

Now that we are in a different time zone...I can begin trading only at 2:30 PM and I need to be out by 3:00 PM to pick up the kids....so its a lot harder to trade.....

Nevertheless...I have to try and see if it works...I realised the US market open only at 2:30 PM just today...always thought they opened at 1:30 PM UK time....

So I did my wee litle bit essential Home work.

I trade only DIA....

Which month option to buy...well checked that May options expire on May 15th so I can safely trade till this Friday....

Buy May Option

World Markets have gone up...but there is significant news before the markets open...

So PUT or CALL...somehow I always feel comfortable buying PUT options and also since there is a mixed bag of news I thought let me go the PUT way.

I identified the option as +DAVQG ( May 85 PUT option closed at 2.15)

So I was all set Futures were up which means markets will open significantly open up ..but I was convinced there will be a pull back...

So as expected the option opened at 1.64 ....I placed an order for one contract and finally bought it at 1.65 at 2:31 PM (UK Time) I place a sell order for 1:80 following my thumb rule of max 10% profit....and I was filled at 2:40 PM...

So in a nutshell :

Bought+DAVQG at 165 Sold at 180.Profit of 15 less commission 2 = NET 13....
Day over...a return of 7.5 per cent in 10 minutes(sound too good to be true!)
Needless to say the option continued to go up as the markets for the day fluctuated upto 2.10 ( I sold at 1.80)...Now keep reading and you will read about the big loss days too...

I was happy I posted to my blog both for the "31 posts for 31 days" and my trading summary.

Blogging (Post 1 of 31)

I heard about blogging while we lived in Singapore and how easy it is to do blogging when I used to attend several seminars to figure out how to keep myself intellectually challenged while bringing up my two daughters. So my first posting was end of Aug 2006 and then we made this big move to Taipei in Taiwan.

I found blogging would be a great opportunity to jot down just living moments in a country I had not even heard of.

I also realized that if you don’t write down time just flies and you wonder what you were doing especially if you were not pursuing a career outside your home. I for one keeps wondering what I did in Singapore for two years.

So in Nov 2006 I started my journey of blogging mainly on Taipei Living and my daily encounters. I have managed to have about 180 posts over the 24 months ( so about 5 to 7 a month ) .I am not a big reader of blogs and I go to only two blogs regularly.

One being a college friend ( who began blogging around the same time) and went on to become a published author and one of an artist whose blog was introduced to me by PS I continued as it was a great inspiration for attainment of self discipline.And he happens to be my sole follower on my infamous blog!

I for one never achieved much other than memories of living in Taipei and bringing up my girls. So when I read about NaBloPoMo I said let me sign up and bring back some "self imposed self discipline".

Apart from posting daily, I thought I would get back to trading daily! Its been 4 months and you have to build a routine to keep sanity…in yet another place and still in the process of settling down…

London Living

Finally after a 4 months break I finally got back to blogging....

As every one knows we now live in London where we are "still" in the process of setting up our 7th Home in the 4th country!

The girls are back to school and we still have a long way to make our new place into a warm and cosy home in the "often depressing weather " of London.

Our first trip to visit and drive on the Motorways of United Kingdom...we went to Stone Henge...Its a 2 hour drive from where we live!

Before you ask me what is "Stone Henge",
check out the link......

It was a good drive and a break for the girls....although no one kind of guessed what we would end up seeing....

I was hoping the area by itself would be very vast....

Here are a few photos!