jangseohee
Short

IBM Monthly Chart Pattern, Projection target profit reached!

NYSE:IBM   INTERNATIONAL BUSINESS MACHS
142 14 0
Dear Traders,

As much as technical analysis is concerned, many sources have repeatedly comment umpteen times that the simpler the chart the better, and i agree with that absolutely.

The monthly chart is in fact easy to spot how IBM             prices move since 1993 and forming an ascending triangle!

The target project is actually realized at 205.5, i only have enough capital to short 10 shares at 205.5!

did you short the stock itself? if so have you considered using long put options such as leaps?
Reply
jangseohee JamesPowell
2 years ago
Hi James, just happen to see your question,
apologize for late reply.
I do not have 100K cash with me, so using leverage, i will buy put options for shorting and call options for long
Reply
JamesPowell PRO jangseohee
2 years ago
Thank you
Reply
jangseohee JamesPowell
2 years ago
you are most welcome, my trading platform ThinkorSwim only have max of 1 year options
Reply
JamesPowell PRO jangseohee
2 years ago
I understand.
Reply
jangseohee JamesPowell
2 years ago
In case you know other brokers that offer 2 years options, notify me, thanks :-)
Reply
JamesPowell PRO jangseohee
2 years ago
i trade with Optionshouse and they offer multiple year leaps.
Also probably best commission structure as well.
They are however currently in the process of merging with trade monster. No frills but excellent prices.
Reply
jangseohee JamesPowell
2 years ago
Ic, each of my option contract cost me $2.95, how bout optionshouse?
Reply
JamesPowell PRO jangseohee
2 years ago
$1.00 per contract up to 10 contracts
Above 10 contracts it goes to another bracket that brings that even lower. I never have traded more than 10 so I cant quote it off hand.

As I said though they are as we speak merging with trade monster. To continue those prices you have to open and fund an account prior to merger completion.
Reply
jangseohee JamesPowell
2 years ago
thats real cheap!! noted
Reply
JamesPowell PRO jangseohee
2 years ago
If you decide you interested let me know and I'll send you a link so I can get some free trades for a referal
Reply
jangseohee JamesPowell
2 years ago
Sure mate
Reply
JamesPowell PRO jangseohee
2 years ago
I have had several platforms. Lol when I started I used options express, those jokers charged like $14.00 plus something per contract.
Reply
jangseohee JamesPowell
2 years ago
Woooo
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