Recent content by Romeg

So far, up just under a grand. Today was a nail-biter though. I determined, to the best of my ability, support at 2970 and resistance at 3035 and entered my shorts just beyond those at 2975 and 3040 in an Iron Condor in each of my three accounts at about 10:45. By noon it has blown through the...

The real question is over what time span? Virtually ANY legitimate investment will generate a 100% ROI given sufficient time. A careful, informed and skilled trader can easily make 100% on a single trade when the correct set of circumstances appears and (s)he is ready and positioned to act upon...

I've been known to do that. It just depends on what I think will work for me on any given day. But, generally, two contracts one strike wide will generate a slightly higher ROI that one contract two strikes wide. Two strikes wide can be useful if you think you might be adjusting the trade before...

I sat this one out. I had done several trades in each of my three accounts on Monday and decided to bail due to the volatility. I had not properly kept track and the Day Trade counter indicated 2 Day Trades and even though that didn't seem right, I trusted it and bailed, which, as always, was a...

I'm inclined to agree

Thanks for the tip

I can't b/c I didn't make one. I think I used around $600 BP for each trade for between $0.85 and $0.90 per x 100. I actually entered the order at around 10:00.

Back in the game today for a $507 net gain. Three IC's two contracts each. I gave this one very wide berth.

Overnight with SPX will eat you alive. I've proven that over and over and over and over so that I'm OVER that. I can consistently make money with Day Trading, and have, trading it only on expirations. What got me into trouble this time was not paying sufficiently careful attention to what's...

UPDATE II: Well, my euphoria has evaporated. I don't know why it takes them as long as it does to update their stuff. I actually did take a very substantial hit, as I had predicted I would. I'm not UP $1300. I'm DOWN about $6000.

No. It closed at 2820, two strikes ITM for my short puts, one strike ITM for my long puts. I took my own advice about walking away, knowing that anything I did was going to be harmful to me. I considered a BWB below my existing position but the premium was too low and the cost too great so I...

UPDATE: Since I had hit the PDT threshold and did not want to risk getting suspended I allowed all my trades to expire ITM where they were Assigned/Exercised. In so doing, I actually MADE over $1300.00. So, not a bad day after all. That is about what I had expected to make when I set the trades...

That is the framework. HOWEVER, today is EXTREMELY TURBULENT. And that particular trade is a losing trade B/C SPX is trading around the 2810/2815 level. I did enter one, one strike wider on both sides, and I am going to take a very nasty hit unless things turn around before 4:00. I need for it...

I ignore the Greeks. I do not use them at all. I use Probability ITM which displays on my trading screen instead. Before that, though, I try to gauge market sentiment and depth base on the pre-market in futures activity, which is almost entirely seat-of-the-pants. Using that I assume a trading...

Well, I entered the trade, low premiums and all. My short calls were at 2945. When it hit 2943 I bailed, AT GREAT EXPENSE! Then the sellers came, late to the party, and, once again proved that my initial research and analysis were exactly correct. Had I stayed in the trade instead of bailing...