Recent content by Bogie

I would suggest virtual/paper trading for a few months before you trade real money. Learn about trading psychology, money management, and chart reading. Learn how to use various indicators, don't just use the candlestick charts. A good book is "Trading for a Living" by Alexander Elder. When...

It's been my experience that there is nothing automatic about the markets. Things can change and go against you quickly in one day no matter how good your system is. I have found success in doing OTM credit spreads on index options. Your still selling options but just providing some insurance...

I trade threw an online broker optionsxpress. I focus on the housing sector because that's what i know, i'm in real estate. I use price charts, MACD , Stochastic, RSI, Volume. I focus on trading options on the HGX Philadelphia Housing Sector Index.

I'm not sure i understand what position trade and swing trade mean. Can you please give me a little more detail as to what that is? What is an odd position?

What do you all suggest?....I'm 27, self employed and I earn about $150k per year. I'm out in the West Coast and I have the time to trade from my work place. Is it realistic to think i can become a good profitable trader without a mentor or without knowing anyone who trades? Whatever i have...

How does someone get to be in that position of earning 200k + bonus? Like proprietary, how do you get started in that?

The best way to make consistent profits in options is with credit spreads on index options out of the money.

Does anyone know what an average trader at a big bank or institution (Goldman, J.P., Morgan ect.) makes in 1 year?? I keep hearing about these people making money like crazy but how does it really work? What's their salary? How much of the profit they generate do they keep?

Look, I am a real estate investor and broker and I have been in the real estate business for over 11 years. The "experts" on bloomberg and CNBC that are talking about a bottom in the real estate market have no idea what they are talking about. Atleast in southern california there is no bottom...

One thing I've learned from taking huge losses on irrational trades is that position size is extremely important for not destroying your account. Even if you don't make profits at the very least, small positions will keep you in the game longer so you can find a winning strategy. I can relate...