Recent content by cdowis

Recently read an article on how "robots" (AI) will take over many of these functions to reduce costs.

Learn to do it yourself. Here is a simply system with high probability. You put the trade on every Monday and get out in just 2-3 days. http://www.futuresmag.com/2015/03/16/weekly-options-business-approach?page=3

Dan Sheridan -- lots of free training on youtube. Also go to sheridanmentoring.com He is the real deal. In his seminars, he is very practical, and actually puts on live trades and explains what he is doing.

Make sure you qualify for day trading with your broker.

You were wildly bullish! It's at 800 now. I see it going to support at 795.

A six month out, deep in the money put (70-80 negative deltas). A couple of those and you will pretty much have it. This will give you a synthetic short == minus 100 deltas with very little theta.

You want practical? Get on the TOS platform, put on a calendar and then adjust the greeks one at a time -- time, volatility, market price and see what happens. Remember that a change in market price usually affects volatility, so that is tricky. Next step is to follow an actual...

I'm thinking about weekly calendars. It is interesting to play around with the long side, whether to use a weekly, the front month or even the back month to stabilize the position.

What's going on with volatility? Goes up and vol goes up, goes down and vol sinks. I trade on vega, and this market is crazy. My guess is that the market is generally looking for a bear market, so any move up and the bets are going for a heavy down move. Any ideas?

Calendars in low volatility markets, otherwise the butterfly. Put it on and you can pretty much forget it, unless the market goes crazy. Even crazy down is not too bad for the calendar.

Doesn't matter. You need to find out what this person will be doing, and fit the example to it. Focus on what you will bring to the company by specific examples of what you have done. "Why should I hire you?" Tell a story== "This was the problem and what I did to fix it".

Give the interviewer a specific example of a very profitable trade where you used good risk management. "This is what I do day-in and day-out. I make profitable trades without blowing out the account. I can give other examples, if you want."

Volatility and straddles == An instructive exercise is to look at straddles just prior to earnings. Volatility is the market's assessment (guess) where the market price will be after earnings. How often was the market wrong, and could you make money by outguessing the market long-term...

Hopefully you are papertrading, and not using real money. At least, make your positions very small until you understand what you are doing. On every trade, somebody is going to win, and somebody is going to lose == can you guess which one is the newbie.