Recent content by thanos750

Maverick i see what you are saying and i completely understand. Thank you for pointing it out. I will definitely take a look a putting something like that on in the future if i foresee a large move up or down. Take care

And i suppose you just know the market is going to drop 50 points. Hindsight is 20/20 No need to argue what would have been the better strategy since the move as already happened. The market could of easily went against me where some would have said "You should of but a spread on to limit...

Ya your right i was thinking if it was an iron condor with the puts it would have been a great risk reward. Either way i closed them out @ .95. Taking profit when i can. I would like to hear other stratagies others use during times of higher volitality. I do think we are heading into a...

Screw reading studies...the best way to learn to trade is by trading. I've been lucky because i started selling naked options last year for an annualized return of roughtly 25%. That is pretty good for an absolutely idiotic strategy. I did have a directional bias each time and I think that...

Optioncoach - i completely agree I do not think you can teach anyone to trade you can only teach them tools of the trade but its up to them to use those tools and make them their own. I'm learning about the "tools" which are the various option strategies and when to use them that would allow...

Hi Phil What other ways did you find to better play non-directional trades? Calendar spreads? Thanks

I believe the key to all trading including option trading is watching what you are trading and that is price. And what i mean by that is defining support and resistance. Use indicators as confirmation as that is what they only good for. Remember analysis and trading or two different arts but...

Sold the qqqwb@ 1.90 for a small gain because I saw the perfect set up to go long. Look at the attached 30min chart. What you can't see is that price also had the support of the 20ma on the daily chart. So i bot the qqqkz @2.01 and still holding :). Might dump them tomorrow.

okay people bought QQQWB @1.79. Missed the opportunity to buy at support this morning and ride the bounce. But the 10-20ma acting like resistance now. So i'll wait until 2075 on the ndx to sell! later trading geeks!

Ya i guess your right. No one really should take my word for it. :0 Have a good weekend.

correction it was 1.48 not 1.40. my bad! :)

got out at 2.50 a few minutes before close. ~$1K with commissions($1.25/contract) As for the delay, i'll post when i have time during the day. I have a full time job my friend. Sorry i can't accommodate your request of posting the minute my order gets filled. But i don't really think it...

I noticed a ID/NR4 pattern on the the spy and dow yesterday. Ya I know what does the spy and dow have to do with the qqqq's? Well probably nothing but i knew that we would have a wild day and figured i would go with the trend. So decided to pick up 15 contracts of the OCT 2007 55 Puts at $1.40...

Rules of my options trading method 1. 100% invested (money management is for losers) 2. Follow trading plan and don't assume or anticipate. Options trading method 1. Support and Resistance levels are top priority. 2. Use full stoch(5,3,3) MACD(8,17,9) and RSI(5) to confirm price...