Options Daytrading on the NYSE using Options Express

Example of the Options Express Platform used to do Real time trades on NYSE

First lets start up with some ground rules, I do not take any responsibility for anyone that use any of the advice or products that I will mention in this entry. If you do, it is totally on your own. Also I strongly advice you get a proper training from a stock or option coach and extensive paper trade before you attempt any kind of real trade using real money. 

I will here share what I learned from two years of day trading options on the New York Stock Exchange using Options Express.

When I first got introduced to Options Express by my Stock Coach I found it easy to learn and really straight forward in use. Their costumer service was excellent and it was quick and easy to open up a trading account with them. I at the same time looked at a few other systems and found them to be more difficult and with a lot more paperwork in order to open up an account.

The most reliable way of trading I found to be using a monitored straddle strategy were I would initiate a trade shortly after the opening of the NYSE following a high rate volatile stock like Google, Apple or Bidu. After the stock has moved up or down with the put or call I initiated the order with I would back it up with opposite put or call according to where one would expect the stock to move up before having its usual change of direction which usually happened within the first hour of the market day. 

Options Express trades are immediate if one initiate a sell to market function or dependent on buyers finalizing your trade if one instead place in a marked offer. Always remember to keep a strict stop loss and not be afraid to hug the stock as it is moving up or down with adjusting your stop loss accordingly, if everything go as planned you would eventually have your option sold at a stop loss actually of higher value than the buying cost including the 15 dollar fee of transaction. Bear in mind Stop loss sales are not immediate at reaching your set stop loss, but go into effect once some one else sells an option at the same or a lower rate than your set stop loss, this mean if you picked a option with few buyers and sellers, your stop loss would not protect you from a change in attitude of the underlying stock.

Another important thing to remember is to never buy or keep a option close to its expiration date, as options in their last week would become erratic and even move opposite, making it almost always down in value, while its stock would have indicated it should be moving up. On the other hand options which are far from expiration date would both have few trades happening in them, and also have a very low change of value compared to its under laying stock.

In summary 
When you are ready to become a options day trader, I would highly recommend Options Express, because of their straight forward trading platform, low cost trading fees and easy online access. Especially for use in Put and Call daytrading.

How to get free Amazon gift cards using PrizeRebel

I have now been testing out PrizeRebel for less than one week and would like to share both mine and some of my friends experience with the site. The site offers many different options with everything from Amazon gift cards, eBay gift cards, gaming cards, cash options and much more. For this report we picked using Amazon gift cards.

I must say when I first found the site I was being really skeptical, was this a legit site or one that just try to scam you? Anyways after some short reading about the site from a few different sources including forums about known scams, the PrizeRebel site credentials and such I decided to give the site a shot.

When it comes to Amazon Gift Cards, PrizeRebel offers deals of 500 points in order to get a $5 gift card, for me it took roughly 3 hours to gain my first card. In the 3 hours I did not complete any of the surveys where they wanted to get my home address or phone number, since I still was not trusting PrizeRebel or the other sites they offered points through. All in all it took less than 2 days for the $5 Amazon Gift Card to be credited to my PrizeRebel account.

I now would give some general advice that would save you a lot of time browsing through the PrizeRebel site and its other offer sites. Now bear in mind many of the surveys are going to offer you to complete other surveys, which would not credit you with points from PrizeRebel. And Others again are going to be straight to the point, quick easy and simple to complete within just a few simple multiple choose answers. Most of them would ask for a valid e-mail address, so I would suggest you give them one that you don't mind becoming flooded with all the offers, info-letters, recipes, jokes and so on that you are going to sing up for as part of earning  points.

Here are some of the offers what I found worked best for me,
CheapFlights which offers you 5 points for each time you follow their instructions for completing a simple flight and/or hotel search you can complete this offer 3 times in the day you find it, it will then have one day cool down period before you can use it again. This offer is totally free and you do not need to buy any tickets or do reservations. Be creative and do a few searches for dream vacations and see what pops up.

Free Surveys, for this category it is important to stay away from those that in the test states in order to complete this survey you have to do one or more of their offers during the survey, each of these will almost always require you to do another survey, which might again require you to do more surveys getting you stuck in a ever going loop, which in the end often ends up being something you might not be able to complete since the secondary offer you picked turned out to not be a free offer at all. Spending lots of your time, and not giving you the promised points at all. Also be truthful, just picking answers at random will not get you very far and would most likely cost you to miss out on the points in the end.

Now if you feel like you need a break, switch to the PrizeRebel external offers for a while they have a section there for video offers, of most give you 1-3 points each, these often only require you to sit back, relax and watch the full video, and then complete it by liking it on Facebook, or play their short interactive game. This is a great way to get a break from the high pointed surveys, and then return for more of them either in the external offers section or back in the PrizeRebel main list.

Other general information, remember to read the PrizeRebel rules of conduct, so you avoid problems down the road, for instant you are only allowed to have one PrizeRebel account for one household, so if your spouse or child is interested in doing a few surveys for their pocket money let them use your account and agree on letting them have the gaming card they wanted when they earned it. Rather than having them make one and end up getting both you and themselves banned and points wiped for being at breach with the PrizeRebel rules. PrizeRebel also offers point bonuses if you "refer a friend" giving you 20% bonus points for each points your referred friend makes for themselves.