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will you be giving us insight into your trading strategy... why you get in, why you got out?

nah, I don't sell options. I don't even trade real stock yet. I'm still putting about on paper trade platform from TOS. I see what you mean though, selling options seems very dangerous and risky. Buying seems very straight forward since only capital at risk is what you paid. Straddles? I'll...

When do you start?

Did you wait until expiration? Someone said 99 percent of people don't exercise You mean you only buy calls and puts? Or you use more complex strategies?

have you ever been assigned?

Besides length, whats the difference between weekly and monthly style options? Will vertical spreads also work in the same manner for weekly as monthly?

Right, sorry... Buy to CLOSE. got it. if that's the case, then how often do put buyers exercise their right to the stock? If I sell a put, or call... what's the chance of getting assigned.

So if you sell an options contract, you're on the hook till expiration? You can't collect the credit, then sell it the next day?

Thanks for that bit of insight. I didn't notice the triple top until you mentioned it. What you say makes complete sense in regards to the last pennant being irrelevant since it kept on finding resistance around 239.

Lol, I read the title and laughed. Then I read a few of the first posts and laughed even more. As a beginner myself, a thread like this is quite dangerous as it might lead to unreal expectations for myself. Either way though, good luck... i'll look forward to reading some of your journal entries.

hi guys, I've recently read Martin Pring's book on Price Pattern. Anyways, I was following Tesla earlier today on my paper trading account. Can someone explain to me why the first two Pennants are breaking upward and not downward? and the third pennant, I was kind of expecting a continuation...