Recent content by Crude Man

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    The Best Trading Proverbs

    Retail trading should be your second stream of income.
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    The Best Psychology book...

    is currently on sale on Amazon Kindle for $1.99 If you haven't read or own Trading in the Zone by Mark Douglas you are missing out.
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    First Option Trade

    thanks for this. i'll remember this next time.
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    First Option Trade

    Bwahahaha! that is with time decay? I'm not sure to laugh or cry. I think I'd rather just laugh.
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    First Option Trade

    No sir! All out before market close on the same day :) I coulda shoulda held on but it was my first option trade and took the relatively nice profit when it presented itself. What would my trade be valued at today, if I had held on? Many thanks.
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    First Option Trade

    @lindq First and Last option trade I ever make, lol. Too many variable to consider, if I had just shorted NQ today which I would've if not for messing around with FB, I would be a happy man.
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    First Option Trade

    @ironchef thank you. it was a simple bet that FB falls on the Cambridge Analytica news - I am a short bettor on futures mostly because I like the velocity of it going down rather than a commodity trickling up. I will not hold until expiration because I know of the decay. Thank you for your input.
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    First Option Trade

    @El OchoCinco it is a real trade, if it was paper money I would've put on 500 contracts which I have in the past. I decided to short FB today knowing the bad news, I will not be surprised if it goes as low as $165 before Friday.
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    First Option Trade

    Thank you @Lee- for the detailed explanation and education. It will come in handy going forward. I still intend to lighten my position this afternoon before market close. Unless this is a Valeant or Enron - which it isn't, I guess its better to take profits quickly and exit.
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    First Option Trade

    Thank you appreciate it, seeing a nice profit now, when I put on the trade, I realized I could not lose more than $2200 on this trade which is well within my risk profile that my account can handle. I am going to take half off at the end of the day and let the rest ride for the next week or so...
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    First Option Trade

    I don't even know what that means, this is my first option trade and i have done some reading before putting on this trade. So as I get closer to the expiration date or with every passing date, does my probability of making a profit become smaller?
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    First Option Trade

    ha ha seriously? so if i held it until April 18 and it was trading at $150 then, would I still make a profit?
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    First Option Trade

    I just put on this option trade. Expires April 18, when should I exit to make the most profit? Thanks.
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