Below is a summary to date of my paper trades, intended to demonstrate that using candlestick charts, support/resistance analysis, volume indicators, moving average convergence and divergence, and momentum oscillators -- to find and confirm reversal timing, is a successful strategy.
|16-Sep||IBM short straddle||91%||19|
|25-Sep||Microsoft (NASDAQ:MSFT) long puts||52%||3|
|12-Oct||Sprint: short calls||80%||16|
|29-Sep||SPDR Gold Trust (NYSEARCA:GLD) short calls||63%||6|
|10-Oct||Johnson & Johnson (NYSE:JNJ) short puts||5%||7|
|9-Oct||McDonald's (NYSE:MCD) short puts||57%||5|
|11-Oct||U.S. Steel (NYSE:X) Synthetic long stock||281%||9|
|9-Oct||Kellogg (NYSE:K) short put||43%|
|2-Oct||General Electric (NYSE:GE) synthetic short stock|
|15-Oct||Verizon (NYSE:VZ) short call||51%||8|
|22-Oct||U.S. Steel (X) - long puts||36%||1|
|1-Nov||Verizon - short call||57%||4|
|6-Nov||Kellogg's, long puts||42%||1|
|6-Nov||Verizon, short call||45%||1|
|6-Nov||Altria, short calls||40%||1|
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
Additional disclosure: All of these were paper trades only. No actual trades were made.