Recent content by butterflykondor

' Gotta agree, especially in terms of trading the fly versus the short straddle. Going straight up short straddles when you lack knowledge about options is a very quick way to lose a lot of money. The fly will give you similar exposure (calculate the break evens at expiration to see for...

Wrong on the break evens: Your credit for putting on the short straddle is 5.13 + 5.62 = 10.75 So your break evens are 1380 +- 10.75. (1369.25/1390.75) Beyond those two areas you will start to feel the pain. That's just zero-vol (expiration) of course. You can also feel a ton of pain...

I'm test driving the OEC demo account and noticed a lot of problems with the platform. For instance cancelling orders doesn't seem to work for me. I get a pop up box saying the order does not exist, but when I try to exit the program it says I still have working orders and the order still...

+942.73 net. =)

-170.89. Sold out of SPY calls at a loss from yesterday's gains. I don't think I like holding positions overnight. Losing is not fun at all.

One trade and long term holdings still, up 196.17 post commissions.

Figured I'd join this journal too. I just started doing shorter term trades about 2 months ago and so far have had pretty nice returns, though of course nothing like some of you guys. I'm very risk averse and most of my trades last 2-5 days. Anyway: +322.25 net of fees spread out over...

Great, thanks for the information.

Is Dennis F's random question generator really the types of questions that will be asked? http://www.dennisfleurbaaij.com/mathtest.php I was under the impression (from another thread on this site) that the arithmetic was quite simple just rushed. DF's test seems quite hairy, ie 6 digit...

Heh, I get those while running. Arb seems so much easier when your brain gets less oxygen...

Natenberg/Hull :)

Wow, sounds a bit like the wild west. Thanks for the tips!

Hi all, I'm new to exploring forex and have never actually traded it yet (unless you count changing money when I go to new countries :)...)but it seems pretty interesting. Quick question though. Are there any sites or services that verify that every client of a particular forex broker is...

It seems to be just a simple gaming of multiple dealers. Ie d1 quotes 49/50 and d2 quotes 51/52 you can arb it. Unfortunately modern financial theory claims that arbitrage does not exist. Eg the only return you can get if you do not want to take on risk is the risk free rate. Cheers.