Recent content by travelboysteve

Wow, I'm not sure what to make of all this,..... I do know for a fact, that in back testing, and back testing only, that wider stops produce far greater accuracy results than do tighter stops. I personally know a trader, (ES only) who would use as much as a 6 point stop. That always gave me...

So this is interesting, bought the same DVD set, had an email telling me my order was "awaiting fulfillment",...uh,.....does that mean it's meditating and trying to reach another transcendental state of consciousness or some sh*t?.....whatever I just filed a complaint in PayPal against these...

oooo, Thank you Doji-san,....That has been a very frustrating part of my oil trades. I have been averaging out mostly, stops 8 - 12 cents, (or above crowd).....PO #1- 15cents, then 20 cents, and 3rd, (I only trade 3's right now) is the main support / resistance level/30 cents based on daily ATR...

I'm probably the last guy short,.........and,....I'll get stopped out by the "Helium Rally" pop :confused:

Frank, enjoy following your thread,...but this chart,.....is killing me,....I waited for a pierce of 92 yesterday to go short, Have it written down still @ 92.04 entry,...... had to pee, came back, hit my level, (I never place an order when I'm not there), wouldn't you know it.....and, of...

Wow, "nuff" said

I replied next to each of your ideas,......with 3 ***'s ***You have control over your "system", you do NOT have control over local and global economic factors that do have a direct impact on your business. Sorry, just had to chime in here: My experience, (business), owner operator medium...

I agree with many of the arguments for and against this strategy. I have been really successful with credit spreads and condors, BUT, I waited until I knew more about price action, volatility, etc. and I only traded the indexes. I prefer the NDX, OEX, SOX, and SPX. Trading is not a one size...

Thanks Beb, exactly how I see it. even if the news is bad, I will not sell for a loss. Unless a stock goes to zero, there are ways to make it pay. Patience is the key for me with this kind of thing. Having only 3.90 per share skin in the game is what I mistakenly referred to as my...

Xflat, It's tough to express one's entire thought process on a position in a simple post. I hear what you guys are saying, and agree with it,....to some extent. This is where we part ways, a little. I am in for a small amount. I charted this with the following parameters for the current...

I replied with my post,..."put purchase on the 15th"..I did my own research, I am using my money,..if you don't like the position,..don't trade it,.... I don't like to divulge my entire view or strategy, that would be subject to even further opinion and discourse, of which, is counter...

put purchase on the 15th, or allow it to rise, while writing options against it,...I think I'll have to see what happens really. I simply couldn't believe the premium. You are right, it could tank to $2 on the 16th, but could also rally back up,....only time will tell. I'll post the results...

Atticus, I removed my malicious comment, it was inappropriate. I apologize. My bad. I realize we are both right. I agree with your assessment, which is truly accurate at 15.4%, 1.1 / 7.1. I was looking at the overall trade entry cost including call sale, and then the return of the call...

You are right Atticus. I have no business receiving $8.20 for a stock I paid $7.10 for. I will immediately buy back the options, sell my stock, close out my accounts, beat my wife, kick the dog, and then go back pan handling in the streets,....

PM, I agree. when I do end of month analysis, I final out everything, (closed positions only), by seeing what I collected, divided by what amount was at risk during the individual trades. Maybe sort of medieval, but I try to keep things simple. I am not day trading by any means. Right now...