MASTER TRADER OF MAY IS BORN!

Hi ALL!

Hail your Master Star Trader of the Month of MAY... RAJAT MEHTA of USA! Raj made a staggering 247% THIS MONTH ALONE!!!

Raj will earn his place on the front page of www.mastersoequity.com for a month as well as a cash reward of US$100 on top of all the money he has made! CONGRATULATIONS! GREAT TRADING!

Jason Ng
Founder, Masters 'O' Equity
www.mastersoequity.com
"Your Personal Stock Option Mentor"

Market Correction Week

Hi Star Traders,

The market needs to decide to continue to go up or to enter the much awaited correction today. Please do not establish new trades.

The Star Trading System have prepositioned us with quite a number of short positions over the last week and it does seem to be paying off well.

Good trading.

Jason Ng
Founder, Masters 'O' Equity
www.mastersoequity.com
"Your Personal Stock Option Mentor"

Trades for May 16 - 20

Trades for this week:

Buy GPN June 65 Calls @2.1
Sell GPN June 65 Calls @ 2.8 => +33%

Buy CYD June 10 Calls @ 1.15
Sell CYD June 10 Calls @ 2.3 => +100%

Good week :) 133% overall.

Raj

Trades for May 9 - 13

Trades:

May 5, 2005: LLTC June 35 Calls Buy 2.2
May 9, 2005: LLTC June 35 Calls Sell 1.85 => -15%

May 9, 2005: IACI June 22.5 Puts Buy 0.6
May 12, 2005: IACI June 22.5 Puts Sell 0.6 => 0%

May 9, 2005: PRX June 30 Calls Buy 1.45
May 13, 2005: PRX June 30 Calls Sell 1.75 => 20%

May 10, 2005: AXP June 50 Calls Buy 0.5
May 13, 2005: AXP June 50 Calls Sell 0.6 => 20%

Gain of 25% this week, not too bad given the volatile market conditions. Hope y'all had a good week too :).

Raj

This weeks trades

Closed Trades --

1. PGH June 20 Puts
Buy: 4/28/05 @ 1.15
Sell: 5/5/05 @ 0.85
P/L: -26%

2. ADSK June 35 Calls
Buy: 5/2/05 @ 0.85
Sell: 5/6/05 @ 1.3
P/L: +53%

3. MFE June 20 Calls
Buy: 5/2/05 @ 2.05
Sell: 5/3/05 @ 2.7
P/L: +31%


Open Trades --

1. LLTC June 35 Calls
Buy 5/5/05 @ 2.2


Comments --

Not a bad week, 58% overall. There are some trades I did not enter simply because of I have split my account up such that I can have 3 open trades at a time. Also we had a fed day which took out one of the trading days. LLTC is still open for next week, lets see how it goes.

Raj

May 4

Still in ADSK as counter showed strength this morning. Have some profit on paper, moving to trailing 15% stop.

Also in PGH based on advanced strategies, I am looking for the steps to lead to a down day, however coming up to the sixth day of the trade so will exit if counter does not show weakness in the first half hour.

raj

Trade

Today I was in cash position. It was surprising that ADSK went up but it was ok. I bought new shares.

I bought RDY May 15 Call for the price of 0.95

Nice morning :)

Traded out of MFE today this morning

Full trade:
Buy MFE June 20 Calls @2.05
Sell MFE June 20 Calls @2.70 +31%

Also holding PGH from last week. Its looking good for a second drop after steps :). Lets hope that pans out.

Still in ADSK, will close tomorrow if counter doesn't open strong. This was a mistake, like Rich Trader said it was Fed day, I should have tightened the stops :(.

Didn't trade anything else though :) so followed half the advice by Jason :).

FOMC day

Today the Feds are meeting again and this is one day that we should avoid trading as the market can swing tremendously both ways with uncertainties. Because I have positions in MFE and ADSK, I tighten my stop lost and make sure I am out by today.

Sold ADSK at 2.60 for a lost of 0.30 per contract (loss of 10%) . Sold MFE for 2.70 for a gain of 0.75 per contract (gain of 38%) .

Personal Note: if today is a normal day, I will just put a stop at the star formation day and let the profits rides. Well, I will fight another day. Comments and advice are welcomed.

Hello All

First trades for the may :)

Entered ADSK June 35 Calls @ 0.85
Entered MFE June 20 Calls @ 2.05

Went near the money for ADSK because the favorable bid/ask spread, however only entered with half the normal ammount.
Entered MFE when it showed strength after the initial up and down.

Comments and critique welcome :).

Raj

First Trade

Hello everyone,

Bought ADSK May 30 Call at 2.90
Bought MFE May 20 Call at 1.95