Recent content by mikea59

You need such a huge amount of capital to do what she's doing, even in tiny lot size - no way I could ever do this. She's doing "nekkid" options on SPX - up to 1000 lots - that's like over $150M capital requirements - WOW! A Black Swan event would knock her out. But, she started out with covered...

There's no money in writing books if you write like Al! :confused:

It's more than just covered calls. It's a specific technique for managing positions to generate monthly income using mostly CCs with some put selling. The program is geared towards newbs and retired folks who want steady income. And, it did as advertised for the majority of those who followed...

Does anyone know of a tool, website, or spreadsheet that will calculate trading stats based on a list of historic trades? I have a spreadsheet that includes several hundred trades, including the buy/sell prices and dates. Is there a tool that will calculate things like sharpe ratio, profit...

Thank goodness! What was that excerpt from? It's not from the Brooks book.

Knock yourself out... http://books.google.com/books?id=GrDQYq-ChpUC&printsec=frontcover&dq=al+brooks#v=onepage&q=&f=false

For those of you reading the Brooks book, he's got a new web site (brookspriceaction.com) where he continues to analyze intraday ES setups. It's free right now but he says he will start charging at some point.

Check this out. Is this a case of extreme overfit, or a trading (rather investment) opportunity. EMA13/EMA34 Cross - Weekly SPY

Well Duh! Actually, I prefer this approach: "For example, if the bars on the left are near the lower left corner of your monitor and the bars on the right are near the upper right-hand corner and there are not many large upswings and downswings in the middle of your screen, then this is...

I've been trying to get through this Brooks book as well and couldn't agree more. It seems like this guy is really onto something, edge-wise, but OMG! It's not just about experienced vs inexperienced trader, it's about basic respect for your reader. Numerous inconsistencies and errors, and...

Bye Bye Sick-man, time to get another alias...

Bob, Takes a lot of guts to put yourself out there the way you do. It's a real education for everyone following your journal (journey) through the good times and bad. So sorry you had things turn on you as it did, but it will remind a lot of people around here how easy it is to fall off...

Ok, come on, that's really not fair, that's just wrong on so many levels.