FIRE SAMURAI

  This is probably the most difficult question to answer: When Should I Sell a Stock ? I remember creating this flow chart diagram for my own reference a few years back which I'd like to share it on this blog. So when I ask myself again - Should I still keep the stock or should I just sell it? ....I'll refer back to this diagram.

As I was watching an Options Video on Tastytrade's website, I discovered that IV Percentile on ThinkorSwim is really the same as IV Rank on tastytrade. What is IV Rank and IV Percentile? You can check out the video here from tastytrade: https://www.tastytrade.com/shows/the-skinny-on-options-data-science/episodes/iv-rank-and-iv-percentile-w-thinkscript-11-12-2015 I use IV Rank to determine when to sell and when to sell Options. For instance: IV Rank < 50%  Action To Take : Buy Option Why? : Option Premium Cheaper, so we Buy Low and Sell High IV Rank > 50% Action To Take :  Sell Option Why? : Option Premium Expensive, so we Sell High and Buy Back Low Since on ThinkOrSwim, the IVPercentile is the same as IVRank you can find the IV Percentile in the Trade tab under Today's Options Statistics : This is just a general rule of thumb but if the IV Rank falls within the above range, the probability of success to make money is higher. I use this determine when to sell and wh...

These are my top 15 rules to be a successful trader. I am writing this to remind myself that I must stick to my trading plan  by following these 15 rules I've set. Having these rules is important to be a successful trader as it can help me to improve on my Options Trading which in return will allow me to generate monthly income consistently. I will also be sharing some my own personal experiences and the mistakes I made by not following my own trading plan and trading rules. RULE #1 -  BE DISCIPLINED This is to me the hardest rule to follow so I place it at number one - DISCIPLINE . This is the most important rule and without having a good discipline we will be forced to frequently react to the vagary of the market, rather than being someone be in control and respond in an appropriate manner. Having the discipline to see through our trading plan is very important no matter how difficult things get for the trades we take.  If we can follow the trading plan for each and...

 I wrote an article about Financial Freedom Blueprint a few weeks ago which hopefully will keep me on track with the goals I have set. I wanted to be constantly reminded of my blueprints and find a better way to view them. Something which I can  help me to see them together with the action plans almost everyday. So I thought why not have them displayed in my laptop's Windows 10 background.  There is an option on Windows 10 which allows you to group a bunch of pictures to be used as your Desktop Background - like a Slideshow. This feature also allows background photos to be switched a a preset timing intervals (eg every one hour it will switch between different photos). Here is how. Before we begin, make sure to have your financial freedom blueprints created and saved into pdf format. If you have not done that, click on these links with the instructions on the blueprint creation and where to download it: Financial Freedom Blueprint Create a Financial Freedom Blueprint U...