Recent content by Quin

Trading from home Burns Park Area Equities,Options, and Index Futures Looking for Trading Space Anybody Trading from office?

Moving to Ann Arbor first of June. Trade S&P and Nasdaq futures and sell Option Credit Spreads. Any other Traders here doing anything like this ?

It rarely works out when you try to make a REMBRANDT out of a losing position. It is always more profitable to move on after a position goes south. At the least you cut your size down or box it off to where you can trade the wings when things get back to normal. Stay away from upgrading crap!

The underlying reason that it would be difficult to find a service for you is that every trader has a unique Trader Profile. A service is designed to generate a lot of Trading Ideas hoping 1 idea will stick for you. You are better off developing a Trading Profile first. How much Risk...

The reference to a Bank is to the size of a pro traders account and the effective use of size. The highest failure rate for beginning options traders are those who BUY OPTIONS. The success in SELLING OPTIONS is selling 3wks before expiration- the sweet spot in premium erosion. This has...

The book I bought was trading in the OEX pit for 7 yrs. It actually was better then a book. A book is NOT REALITY. A Collar in theory makes for good classroom discussion. The reality of the collar is the number of decisions you have to make. What Put to Buy , how far out in time...

The mechanics of an option hedge for a single trader always is better in theory. The reality for most individual traders is not profitable or practical when using options for hedging. As for large portfolios, they still have to IDENTIFY REAL RISK in their portfolios. CASH is still the best...

The only true Hedge is CASH. 1 Be HONEST with yourself with your positions and the RISK 2 Hedging with QQQ's is a difficult road because of the COST and the TIMING. The ONLY hedge I now use is cutting back to a greater Cash Position. If I want to trade the QQQ, then I will TRADE THEM...

He who pick bottom gets Stinky finger Confucious

The call to SHORT @ 1390 is only GOOD for a Trade at this point. Nothing wrong with calling for THE TOP for 06 either. It just makes for greater Mkt Liquidity. However my experience with calling for a MARKET TURN has NOT been succesful without seeing a CONFIRMATION. Just because we have...

I welcome all comments about Trading, even Jakes. A Confident Trader should be like a sponge when it comes to perfecting your system. You have to decide on how much you want to spend in time and money to become a Trader. If $4600 fits your budget and your spinning your wheels, go for it...

If I open a position with a sprd, I don't want to turn this into a Rembrandt by hedging a hedge. Your exit strategy should be simple, either bring in some of your Shorts or close the Sprd at a critical upside point.

The Market is Always Right! Its useless to your bottom line to debate if its at fair value or not or what it will be by year end. The Market is priced for Opportunity every day. Your Long Term Opinion should be made with a STOP point in the same breath. Its impossible to predict how...