Recent content by tomsmith

"Okay... I am going to avoid the terminology or technicality" Right. So we are going to have an intelligent discussion about spreads and volume without you knowing what you are talking about. As for watching the screen for a year, I didn’t sit there with finger up my arse. I tried...

"it does not say exactly what "high-probability trades" look like. " If the spread is a nickel with a volume of 22,000 on the ask and the volume of shares available at that price dries up to zero the ask is going up a nickel. If I see that happen twice within a few minutes and all the indexes...

"still no brokerage statements to prove it all." Ok I spoke to my accountant today and asked about your request. He said he can pull those records, remove the confidential info and either post or pm them to you. There will be a 1hr charge. Do you want me to pm you his address and rates for...

"it just reminds me of Forest Gump" Forest Gump- if I remember right he saw a potential opportunity, took a risk and was rewarded for his risk. Am I suppose to be insulted by the comparison? Here's another Forest Gump thing I did- I took some of my MSO winnings and invested in Scuderi...

"The more recent trades, as someone just said, are boring, you obviously arent leveraging or risking the percentages you did in the beginning," I've made it real clear that I think it is a stacked game and the small time player is better off trying to dart in and out than repeatedly going...

No 10x baggers in my account this year. I was out of the country in March and completely missed the take off. But my wife asked me what might be a good gamble earlier in the year and she bought $18,000 worth of AVNR at an average of .36. Maybe she'll make us the vacation money this year.

You're not missing anything. It was my 1st trade and I would have gotten a quick lesson in margin requirements. That order would have been rejected and I would have had to take a .07 loss, which I was willing to risk when I entered the trade. You would have had to been watching the screen then...

"No Plans, No Rules, No Success." My plan on COP was to get the stock at a price lower than $40 or to get it called away for a 20% profit on the trade, so that trade is successful. If it goes lower, I will add to the position. The PETD was a small gamble that cost me nothing.

I got stopped out on the PETD pullback at my BE of $17.02 so that was a no gainer, I sold July 15 calls on UNG for $1.65 so my BE on that is at $13 and I will hold UNG at least until the end of the year. My BE on COP is $39. 75 with the short LEAPS and with the current dividend I'm content to...

I doubt if anyone is still interested, but since I was asked to post my trades in real time I recently took unhedged positions in PETD at $17 and UNG at $14.65. Most of my capital is still in the COP buy/rights, but I had some gambling money I could afford to lose and this is where it is...

"COP is down to 43. If remains there your return will be 6%" Was down to $31 or so with a big loss for awhile. Not concerned though, COP at a BE 0f $39.50 seems OK to me. But I could have got in 20% cheaper.

It is all statistics. You could ask the same question about weekly performance expectations. Just increase leverage and flip a coin. The problem with your question is that you can superimpose performance on any timeframe, and realize it is always comparing apples to oranges. I can double a...

I'm not a trader, but have made a few trades over the years that turned out very well. This year I was cautious and just bought a fair size position in COP near $50 and sold the 2010 ATM LEAPS near $1000. If the options are executed, 20% return. Would the full time traders here consider a 20%...

"Like I said before, if you want credibility quit bitching about others and start posting your trades in realtime. Anybody can say the same crap that you seemed to have enunciated only 7 years late in the making." Ok, here is a position I have that is still open so I don't know how it will...