MY COVERED CALLS - Share Market Resources |
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ASX The most comprehensive australian stock market information service from the Australian Stock Exchange.
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YAHOO FINANCE Previous days prices, company profiles and links to other sites.
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THE TRADING ROOM An excellent site offering lots of free information about listed companies.
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I have been investing in the stock market for many years, unfortunately not very successfully, until I was introduced to Alex O’Neil and My Covered Calls. That was 18 months ago when the market was trading around the 6000 mark and the resources were producing good results and exciting volatility. I did all right with this new way of trading, buying and writing covered calls. To help me control the monies invested and make the decisions, I developed my own spread sheet to calculate the best call returns after all brokerage and fees. This was very time consuming and mistake prone caused by manually transferring information from the Call data to the spread sheet. There were many times I skipped the planning process to execute the trade as time was a premium. However I was happy with the results because the markets were moving up more than they were moving down and mistakes were easily covered. Boy! have things changed now. The downs, are by far exceeding the ups, with potential for greater losses now occurring. This makes accurate planning essential in executing a successful trade, as the volatility today can be extremely dangerous. I would not be in the market today if it were not for ProWriter Plus. The ease of transfer from the data files to the short list and then trading plan gives total control over the trade action. Funds employed are controlled and returns accurately calculated. With this assistance I can devote more attention to the risk of the trade verses the return of the trade. I could not trade without ProWriter Plus. Peter Smith Melbourne, VIC
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