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Trajan, I don't plan on buying very many out of the money options, but in this case I did because it has a delta of 37.5, and for how cheap this option is it seemed worthwhile. Today, on a 1.4% stock move my option is up 20% so it is providing excellent leverage. I know today is an unusually...

I have a completely different definition of rich. I make less than 2k a month, but I have my own place, my own car, anything I really want, and I don't work. (I run a small biz that is profitable and am just starting to work on my trading). My day consists of working 30mins and then going...

Yesterday, June 3, I bought SDS July 22.5 call@2.26. Inverted head and shoulders, a little sloppy, but I like it. These are my only trades since my return.

ASD daily chart.

I have traded stocks for about 2 years(I'm a youngun). I am completely new to options, but limited capital makes them attractive. I trade for major moves and am willing to hold for a few months if need be. I will post my charts once I figure out how. I saw a thread on it just now so I will...

from the peaks on 5/24 and 11/19

June 4- Bought ASD Oct 80 call@1.45. Reason, huge ascending triangle with confirmed penetration on both weekly and daily charts. Target price of $90.

I am back to trading after a break. I consider myself a beginner. I trade major patterns, such as ascending triangles and head-shoulders. I mess up every day, but learn a lot too. I will post my trades and my reasons here, if nothing else just so I can look back later and see what I have...

Check out ASD on both weekly and daily charts. I have a target price of $92 on this one. Critique my interpretation of this pattern.

it is a little too quick for my liking, but definitely is the pattern. Make sure to keep an eye on the volume.

It netted about 4% a month on average over the last 7 years. Basically all the system does is identify stocks that have dropped sharply while in an uptrend/risen sharply while in a downtrend. Position is taken and held for 3%, or sold if target isn't reached within 20 days. It works but it...

I do use a 1 day delay.

Anybody shorting IBM tomorrow?

Because it is a big round number. Mob mentalitity...

With confirmed break and textbook volume patterns. Watcha think?

Hello again. I hope everybody had a pleasant weekend! So far so good on my strategy. I raised my target back up to 3% and slightly tightened the entry requirements. I guess you could call this optimization, but when I am doing it for all of the 100 stocks I think it is OK. You asked why the...

I updated my system to sell all stocks that don't reach the target within 20 days. I lowered the target to 2%. My system is netting about .5% a trade after losses are taken into account. The average trading period with the losers included is 3 days. This would yield 150% a year. Now I'll...

Does anybody know the script to order a position closed if target isn't reached within a certain number of days? That would give realistic results but I can't figure out how to do it.

My losses run around 5%. My system only trades in the direction of the long-term trend so there is normally plenty of time to get out with a very small loss. I haven't bothered to automate my exit strategy, but my trades are swing trades and if the swing doesn't happen I drop the stock. I...

I forgot to say it treats every stock exactly the same. No curve fitting what so ever. Just for fun a minute ago I reduced my profit target to 1%. Resulted in 95% winning trades with average hold time of less than a day. :) I know, I know, I am probably an idiot. :)