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    Dow Jones Industrial Average - May 2020 22 May 2020 Day Chart - Trend : Short term sideways. Index is hovering between upper and lower gap. - MA : Index now closed above all MA lines,  - Candle : Candle is doing inside bar for entire weeks. Still closed slightly above MA 5 as of Friday.  - Volume : Index closed with smaller volume  20 May 2020 Day Chart - Trend : Short term sideways. Index is hovering just below the gap. - MA : Index now closed above all

    Finally, after a long wait, the two-factor authentication is released by Tastyworks. Two-factor authentication is a security process where users provide two different authentication factors to verify themselves. Two-factor authentication adds an additional layer of security to the authentication process by making it harder for attackers to gain access to a person's devices or online accounts because knowing the victim's password alone is not enough to pass the authentication check.

    I used to trade stocks based on technical analysis by studying daily and weekly charts. I never trade intraday before. However, lately stock market is having large swing everyday due to corona virus crisis, it is not wise to keep the money in the market overnight or even over weekends. So recently I try to do intraday trading using technical analysis. Here are my criteria in stock selection: 1) Listed in S&P 500. 2) Must be high volume for better liquidity 3) Target to profit USD100 per trade. Open and close the trade with 100 shares

    Just like any options strategies, earnings play with short strangle based on IVR is not without risk. The stock price could gap up or down after earning results. One of the legs in strangle might be tested if the stock price continue in that direction. Another leg will be untested and very cheap to BTO. However, this is the stage we need to defend our position to minimize overall loses, or if lucky, get out the position either break even or small scratches. After the initial Earnings Play with Short Strangle on UBER (IPO) in May in 2019, my subsequent

    Tastyworks was already a low price trading platform since it first released around 2017. Tastyworks is now lower it's price inline with current market developments. Starting Oct 16 2019, there will be $0 commissions for trading shares on stock and ETFs. So if you trade stocks, options and futures, then you should take advantage of Tastyworks new low prices. As for TD Ameritrade, I received an email from TD Ameritrade US on Oct 2 2019 that the fees is also lowered for US trader. You can check out their pricing here. However, fees structure remains the same for international traders.

     LYFT was first traded in March 2019 with 37 million transactions on the first day. The company reported first earnings since IPO on May 7th after market. However, I missed the earnings play at that time. The reason was the IV (no IVR yet for LYFT) for this stock was lower then period April 10th to April 16th. The stock went sideways after mid June and before second earnings report. On Aug 7th, the IV was as high as April 10th to April 16th. LYFT was going to report earnings on that day after market. Just like UBER earning play,

    If you have an account with TD Ameritrade Singapore, you might have received email from them asking you to update IRS Form W-8BEN, both you and co-owner (if you have) of the account.  If TD Ameritrade Singapore does not receive updated info by December 6, 2019, your account will be subject to trading restrictions and U.S. federal backup withholding. Your account will be restricted to closing transactions only, and you will not be able to open new positions. In addition, TD will convert your Foreign account to a U.S. Taxpayer account after the end of this year. TD's clearing

    Uber is a no stranger company for many of us before its IPO on May 10 2019. The first day volume was 186 millions share but lowest around 11 millions in the month of May 2019. UBER was going to report its first earning results since IPO on May 30th after market closed. There was no prior earning data and we were unable to know how market going to react after earnings. There was no IVR (or IV Percentile in ThinkorSwim) data available for us to make decision. The IVR script I set earlier needs one year data on

    On top of studying options strategies from books, I also join several Facebook groups discussing options trading. In the groups, there are people that disclose their latest trades, ideas, strategies and even P&L of their trades. Normally there are active participants in each group and I can learn a lot of things from them. Many times I can find new strategies and ideas from the groups. I will try out some of the strategies and see if I can use them in long term.  I do not join a lot of groups, just five with active members.
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