View this page "2% / 10% Rule of Wealth Preservation"

[arno...@gmail.com]

Hi All,

Hope you all either didn't trade today or if you did trade, used
options PUT or spreads to play the downside of the market. Man! What a
killer day! Fortunately for me I had bought some PUTs on American
Express (AXP) yesterday that kicked in when the stock tumbled more
than 10% today. I exited the trade a little too early because I wanted
to lock-in my gains because no telling how fast the market may turn.
Anyway, I wanted to share with the group a concept of asset protection
for traders called the 2% / 10% Rule.

Click on http://groups.google.com/group/ohana-traders/web/2-10-rule-of-wealth-preservation
- or copy & paste it into your browser's address bar if that doesn't
work.

[cori pepe]

Hi there,
Was wondering why you chose AXP? And how did you choose your option - ITM or OTM ? I can't seem to sit and work on finding trades. We are suppose to do three trades a day? I need to make a schedule and stick to it.
Are you getting up when the market opens? I was doing and jumping in the market before the holidays but starting this new pt-time job has taken over for now. Do you have another job to work at?
Cori

> Date: Thu, 5 Mar 2009 15:54:06 -0800
> Subject: View this page "2% / 10% Rule of Wealth Preservation"
> From: arno...@gmail.com
> To: ohana-...@googlegroups.com

[Kawika Davidson]

Aloha Oukou! Mahalo for the Info., I get up early to watch the market, I did by a put on the QQQQ''''''s yesterday am. Market opened higher this morning and started moving down with in the first half hour, the put i bought yesterday sold for .35 * 4 contracts this morning. thinking of buying some calls the Q's are at support level,  Is this market good for a small bounce or continueing down ?????? Look forward to your manao(thoughts) gotta go to work now Aloha ahui hou! kawika 5'30 am.
 

---

From: cori...@hotmail.com
To: ohana-...@googlegroups.com
Subject: RE: View this page "2% / 10% Rule of Wealth Preservation"
Date: Thu, 5 Mar 2009 23:30:56 -1000

> </html

[Arnold Kameda]

HI Cori,

To answer your question; I read about AXP from an online analyst. He indicated he thought American Express was the next financial institution to go under. Then I did a quick fundamental & tech analysis on AXP using website that I use for analysis, called Wealth Magazine (which requires a subscription). Yes, when I trade I wake up about 5:00am and check things out and yes I have a full-time (Mon-Fri) job. You don't have to make 3 trades a day, unless you want to. Where did you get recommnedation that from BetterTrades? Some days, it's better not to trade at all.
Thanks,
Arnold

[Arnold Kameda]

Hi Kawika,

Actually I was expecting a good bounce up today and at first I thought I was right only to be proven wrong . I bought some calls on USO (USA Oil industry, which has started to slowly creep back up from it's long, long slide), only to get pulled out of the trade by my stop loss. This market has been nuts, after wed bounce up, thr big down, I thought today (fri) would bounce back. Market indicators have been showing that everything has been far oversold and ready to bounce up. Surprised to see a mildly down day; I think everyone's being cautious and negative sentiment is still dominant. These are the kind of trading days I hate with no strong move either way. It's much easier for us to make money when the market makes a strong/clear move like Wed & Thr. I've had better trading days.
Arnold

[Mark Politi]

Aloha all,

If you're wondering about the number of trades required to satisfy the Better Trades guarantee of making $12,000 in six months or you get your $4,000 tuition back, you need to make 36 trades in that six months time.  Of course that averages out to just 6 trades per month.  That is to say you can make those 36 trades at any time during the six months, which means you have up to six months to do it.  There is no requirement to trade x number of trades per day or week or month.  You can do no trades for five months and 36 trades in the sixth month and still satisfy the requirements of the guarantee. 

 

Happy trading,

Mark Politi

[Arnold Kameda]

Oh, is that what Cori was referring to. Mark is right. But those 36 trades must be OPTION trades. Also read the fine print. You only have 30 days after the 6 months to file your claim. And your claim must consist of NOTARIZED statements from your brokerage firm. I know this, because I tried to file a claim and missed it because:
1) I didn't quite have 36 OPTION trades (just shy of that), I had thought ALL trades qualified
2) BT will only accept NOTARIZED statements and NOT regular statements that you get via mail or email.
That is why BT can make such a guarantee. It's challenging to get a broker to issue NOTARIZED statements. I would suggest that you ask for a NOTARIZED statement from your broker after each month, and NOT wait until the 6 months are over.

Thanks,
Arnold

[Al Clark]

Look like you are getting a lot of chatter from the Ohana. I am looking to meet with you during lunch next week. I will be in touch.

 

ac

[cori pepe]

I believe it is to do paper trades on to get the practice. For me it is to stick to my sell triggers if it goes against my plan. Cori

---

Date: Fri, 6 Mar 2009 09:06:37 -1000
Subject: Re: View this page "2% / 10% Rule of Wealth Preservation"

From: arno...@gmail.com
To: ohana-...@googlegroups.com

HI Cori,

To answer your question; I read about AXP from an online analyst. He indicated he thought American Express was the next financial institution to go under. Then I did a quick fundamental & tech analysis on AXP using website that I use for analysis, called Wealth Magazine (which requires a subscription). Yes, when I trade I wake up about 5:00am and check things out and yes I have a full-time (Mon-Fri) job. You don't have to make 3 trades a day, unless you want to. Where did you get recommnedation that from BetterTrades? Some days, it's better not to trade at all.
Thanks,
Arnold

On Thu, Mar 5, 2009 at 11:30 PM, cori pepe <cori...@hotmail.com> wrote:

Hi there,
Was wondering why you chose AXP? And how did you choose your option - ITM or OTM ? I can't seem to sit and work on finding trades. We are suppose to do three trades a day? I need to make a schedule and stick to it.
Are you getting up when the market opens? I was doing and jumping in the market before the holidays but starting this new pt-time job has taken over for now. Do you have another job to work at?
Cori

> Date: Thu, 5 Mar 2009 15:54:06 -0800
> Subject: View this page "2% / 10% Rule of Wealth Preservation"
> From: arno...@gmail.com
> To: ohana-...@googlegroups.com

---

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[Donald Garwood]

Hey Al,

Let me know when/where you're meeting.

Thanks!

 

Donald

[Kawika Davidson]

Mahalo for the heads up on axp, check the charts, showed that it was at support and moving up, pulled the trigger on a march 7.50 call in the last hour of the trading day and sell to close in the last 15 minutes of the trading day for a .15 profit. To chicken to stay in a call for to long these days. Mahalo again!!!!!!! kawika
 

---

Date: Fri, 6 Mar 2009 09:15:33 -1000
Subject: Re: View this page "2% / 10% Rule of Wealth Preservation"
From: arno...@gmail.com
To: ohana-...@googlegroups.com

[Arnold Kameda]

Kawika,

You've got some you know what to buy March calls on AXP! You must be a pure Technical Trader because Financial stock companies have junk fundamentals. Well, you made a bit of $, that's way better than what I did today. Way to go!

By the way, thanks for mentioning the QQQQ's. I was checking that EFT out and the option prices are very nice. Unlike individual company options, the bid & ask spreads are much smaller so you're not in the hole as much, when you first buy the option. QQQQ Calls may be a good play for Monday, if the market starts to rally.

Mahalo & enjoy your weekends!
Arnold

[Arnold Kameda]

Lessons Learned for me today:

1) Don't forget to check the news! I was so busy this morning, trying to put a few trades in and get ready for work, that I forgot about the jobs report. The jobs report was very negative, which would have told me to trade bearish in the early rounds of trading.

2) Remember: The Trend is your friend. When trading, pay strong attention to the overall market trends (Dow, NASDAQ, S&P) and the industry of the security you're trading in. Trade with the trend and not against it. 

[Donald Garwood]

Who are people using to trade options?  I'm having a tough time setting up a "Roth 401K" account.  Found that E*trade has them available, but no one I've talked to seem to be too up on the deal.

[Al Clark]

Roger that, it will be in town somewhere. Any recommendations?

 

AC

[Donald Garwood]

AC,

Were you sitting next to me in class?

 

"Slick"

[Arnold Kameda]

Should be a place where there is lots of parking. How about some place in Ward Center/Theaters area such as Dave & Busters or Big City Diner?

On Sat, Mar 7, 2009 at 3:37 PM, Al Clark <clar...@hawaii.rr.com> wrote:

--
I am a "Pro-Active Investor". I personally and actively steward the financial assets provided to me by our Father and do not wish to rely on professional money managers or the government to support me in my twilight years.

Preserve our Earth and its resources; it is the only planet that we and our children and future generations can live on.

Arnold K. Kameda

[Donald Garwood]

Works for me.  Where's Mr. Clark in all of this?

dg

[Al Clark]

Slick, I believe so. You are the cool guy with the way cool eye wear. As a matter of fact, you were sporting a pair of D&G glasses, and I had the same exact pair, I knew right then and there you had to be cool. But I did not put mine on, after noticing your good taste.

 

I will contact Arnold soonest, and set a time at big city dinner for us to meet. I am looking at noon time, Tuesday. If all goes well, that could be a place for all to get together and chat face to face on occasion. If that time and day does not fit your schedule, please give a suggestion. My hope is to set a time and day that can be a template for future meetings.

 

I believe the synergy we possess will fill the gaps, we may have as individuals.

 

Cheers,

[Donald Garwood]

Hey AC,

 

Tuesday, @ noon @ the Ward Diner works for me!  (I even think they have happy hour at that time, too!)

 

See if Arnie is hip and I'll see you guys there.

 

"Slick"

 

ps.  Don't forget your specs! 

[Mark]

I'll be there as well.  What is the agenda for the meeting?    Mahalo, Mark Politi --- On Sun, 3/8/09, Donald Garwood <garwoo...@gmail.com> wrote:

[Donald Garwood]

Cool Mark. 

Hey, Arnie; what's the agenda?!

 

"Slick"

[Arnold Kameda]

I believe Tues Noon should work for me as well. As far as an agenda, OK, I'm not going to have anything specific until I get a better feel for everyone's trading experience and specific trading interests. From what I've seen thus far in our group, we have a fairly wide range of traders from novice (never traded on their own before) to intermediate (those who may have bought & sold regular securities for years and have started trading options for at least one year via BT training).

It's challenging to bring forth topics when members are at different levels of training & experience, but this is to be expected when forming a group. However, I have some ideas on how we leverage being a group vs. individual traders.

Thanks,
Arnold

[Donald Garwood]

sounds great.

 

Thank you, Arnold.

[Al Clark]

Great, I look forward to talking with everyone tomorrow. Sounds like the beginning of a future venture. Lets not put too much pressure on anyone person. I fully believe this should be a fun learning experience.

 

See you soon!

[Donald Garwood]

Pressure is all on you, babe!

If I get there early, how many seats should I save for the group?  I've counted 4 thus far; Mark, Arnold, AC & "Slick".

[Cori Asato]

I just replied to your email. But reading this today 3/10, took a look
at the Extreme Charts with the candlesticks and hope you didn't buy a
call on the 6th. Today it closed higher than yesterday's high with a
big open candlestick. If tomorrow stays above the close today, I might
look at a paper trade to get it with a alert to get out if it closes
below the open of today. I am going for doing ten paper trade wins in
a row to build my confidence back. I am also writing my plan using
Darlene's record keeping cards.
Thanks for your post, Cori

On Mar 6, 11:30 am, Kawika Davidson <kahiwa2...@hotmail.com> wrote:
> Aloha Oukou! Mahalo for the Info., I get up early to watch the market, I did by a put on the QQQQ''''''s yesterday am. Market opened higher this morning and started moving down with in the first half hour, the put i bought yesterday sold for .35 * 4 contracts this morning. thinking of buying some calls the Q's are at support level,  Is this market good for a small bounce or continueing down ?????? Look forward to your manao(thoughts) gotta go to work now Aloha ahui hou! kawika 5'30 am.
>

> From: corip...@hotmail.com
> To: ohana-...@googlegroups.com
> Subject: RE: View this page "2% / 10% Rule of Wealth Preservation"
> Date: Thu, 5 Mar 2009 23:30:56 -1000
>
> Hi there,
> Was wondering why you chose AXP? And how did you choose your option - ITM or OTM ? I can't seem to sit and work on finding trades. We are suppose to do three trades a day? I need to make a schedule and stick to it.
> Are you getting up when the market opens? I was doing and jumping in the market before the holidays but starting this new pt-time job has taken over for now. Do you have another job to work at?
> Cori
>
> > Date: Thu, 5 Mar 2009 15:54:06 -0800
> > Subject: View this page "2% / 10% Rule of Wealth Preservation"

> > From: arnol...@gmail.com

> > To: ohana-...@googlegroups.com
>
> > Hi All,
>
> > Hope you all either didn't trade today or if you did trade, used
> > options PUT or spreads to play the downside of the market. Man! What a
> > killer day! Fortunately for me I had bought some PUTs on American
> > Express (AXP) yesterday that kicked in when the stock tumbled more
> > than 10% today. I exited the trade a little too early because I wanted
> > to lock-in my gains because no telling how fast the market may turn.
> > Anyway, I wanted to share with the group a concept of asset protection
> > for traders called the 2% / 10% Rule.
>

> > Click onhttp://groups.google.com/group/ohana-traders/web/2-10-rule-of-wealth-...