Author Archives: admin

About admin

Richard Cheng, M.D., Ph.D., is an avid Wall Street investor with 20+ years of investing experience. He is specially adept at observing the world to find the patterns and then design strategies to win his battle. Most, if not all, happenings in the world, follow certain patterns. These patterns may be complex, multi-factorial, not so intuitive at the first glance, or even may appear chaotic. However, even chaos has its own patterns. If you pay attention and be patient, you'll find them and then you will gain an upper hand in your battle. Using this blog space, he documents his trades and his thoughts as they happen. He uses this blog as a a notebook to help him better refine his strategies. Hopefully this will help you as well. Good luck in your trading.

Week 1 Results of CRM, Kors and V

Posted on March 23, 2013 by admin

Five days ago, I adapted a new stock screening strategy to combine fundamental and technical parameters to select stocks for my modified covered call strategy.  I set up covered calls on 3 stocks from my list: CRM, KORS and V. … Continue reading →

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My favorite websites

Posted on March 18, 2013 by admin

Schaeffersresearch.com: great weekly market analysis StockCharts.com: great technical analysis tool ChartAdvisor.com: brief weekly technical analysis of the overall market FinViz.com: excellent stock screening tool (providing both fundamental and technical parameters.

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How to select stocks for covered calls

Posted on March 17, 2013 by admin

Stock screeners are useful tools to screens stocks.  I use FinViz.com.  I used the following criteria to select stocks for my covered call: Overall market condition is bullish or neutral (We take a different strategy for bear market).  I use … Continue reading →

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Next week: long term bullish with a possible pullback

Posted on January 29, 2012 by admin

Schaeffersresearch.com: “Potential short-term resistance for the SPX is at 1,320, the site of the pre-Lehman Brothers high in 2008, and 1,345-1,350, which was the site of resistance in 2011. Short-term support is in the 1,285-1,290 area, site of a late-October … Continue reading →

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Market condition: bullish with a possible near term pullback.

Posted on January 13, 2012 by admin

ChartAdvisor.comt: The bottom line is that the markets are still truly at a crossroads. There has been some very positive price action as many indexes have cleared some significant resistance levels and intraday price action this week was positive. Buyers have … Continue reading →

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What is Covered Call?

Posted on January 10, 2012 by admin

Definition of ‘Covered Call’ An options strategy whereby an investor holds a long position in an asset and writes (sells) call options on that same asset in an attempt to generate increased income from the asset. This is often employed when … Continue reading →

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Protected: The Characteristics of stock markets

Posted on January 10, 2012 by admin

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The Weekly Report For January 9th-13th

Posted on January 8, 2012 by admin

Find Investopedia on The Weekly Report For January 9th-13th Commentary: The stock market kicked off 2012 with a gap higher, extending the rally that occurred in late December. While the markets gapped higher on Tuesday as traders returned from the holidays, … Continue reading →

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Protected: How did I increase my portfolio 10 times in 3 years using modified covered call (MCC)?

Posted on December 24, 2011 by admin

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Markets are in a trading range, CMG vs AAPL

Posted on December 16, 2011 by admin

Schaeffersresearch.com: “…a year-end buying frenzy is on hold, unless the SPX can break out above its year-to-date breakeven and 200-day moving average, located in the 1,260 area. Without a technical and/or positive fundamental catalyst, the market remains prone to more … Continue reading →

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