Trading Plan for STR

After going through the charts and the IV index, comparing the options
premium and the slippage, only three were short listed. There were
STR, KSS and PVH and the trading plan was set up.




Trading Plan for STR



Stock trading at $53.33 and when stock price is below $52.50, buy Apr
08 $50 Put.

Trading Plan for KSS


Stock trading at $46.27 and when stock price is below $46.00, buy Apr
08 $45 Put.

Chance favors the prepared mind"

"Chance favors the prepared mind" – Louis Pasteur




Trading using conditional orders

Let me show you a classic example of how I used conditional orders to
eliminate the abovementioned problems and profiting from it.

During the Chinese New Year, I want to detach myself from the
markets so as to enjoy the celebrations. As a trader it is important to
know when to take a break from trading if deem necessary.

The markets will always be there and there is no need to rush. Traders
who can’t just stop trading for even one day are addicted and if it is
uncontrollable, it could be dangerous. Just like gambling.

After about a week absent from trading options I decided to do some
screening and there were 13 possible counters to play.

Very often you missed a trading opportunity simply because you

Very often you missed a trading opportunity simply because you
hesitated too long or watched your profits disappear when you become
greedy to hang on for more profits, instead of sticking to your trading
plan.




This allows for a greater customization of the order to meet
the specific needs of the investor hence reducing emotional trading.
The order just filled by itself when the conditions are fulfilled.

Eliminating the fear of missing opportunities

Many occasions trading opportunities are missed just because you
wasn’t at you computer staring at the chart when the entry signal was
present. Conditional orders are used to place your orders before the
market opens; defining a trigger price for your order makes you
detachable from your computer.

Thanks to the advance trading platform available, trading has never
been much easier. These automatic features allow you to separate
trading from constant monitoring of the market, which is maintained
even when you are away from your desk so you can have more
freedom to do other things.

EGGS COQUELICOT

EGGS COQUELICOT
Grease small custard or timbale cups and put inside of each a cooked
Spanish pepper. Drop in the pepper one egg. Dust it lightly with salt,
stand the cups in a pan of boiling water and cook in the oven until
the eggs are "set." Toast one round of bread for each cup and make a
half pint of cream sauce. When the eggs are "set," fill the bottom of
the serving platter with cream sauce, loosen the peppers from the cups
and turn them out on the rounds of toast. Stand them in the cream
sauce, dust on top of each a little chopped parsley and send to the
table.

EGG TIMBALES

EGG TIMBALES
Butter small timbale molds or custard cups, dust the bottoms and sides
with chopped tongue and finely chopped mushrooms. Break into each mold
one fresh egg. Stand the mold in a baking pan half filled with boiling
water, and cook in the oven, until the eggs are "set." Have ready
nicely toasted rounds of bread, one for each cup, and a well-made
tomato or cream sauce. Loosen the eggs from the cups with a knife,
turn each out onto a round of toast, arrange neatly on a heated
platter, fill the bottom of the platter with cream or tomato sauce,
garnish the dish with nicely seasoned green peas and serve at once.

EGGS WITH NUT-BROWN BUTTER

EGGS WITH NUT-BROWN BUTTER
These eggs may be shirred or poached and served on toast. Put two
tablespoonfuls of butter in a saute or frying pan. As soon as it
begins to heat, break into it the eggs and cook slightly until the
yolks are "set;" dish them at once on toast or thin slices of broiled
ham. Put two more tablespoonfuls of butter in the pan, let it brown,
and add two tablespoonfuls of vinegar; boil it up once and pour over
the eggs.

EGGS A LA SUISSE

EGGS A LA SUISSE
Cover the bottom of a baking dish with about two tablespoonfuls of
butter cut into bits. On top of this, very thin slices of Swiss
cheese. Break over some fresh eggs. Dust with salt and pepper. To each
half dozen eggs, pour over a half cup of cream. Then cover the top
with grated Swiss cheese and bake in the oven until the cheese is
melted and the eggs "set." Send this to the table with a plate of dry
toast.