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straddles are good the week of earnings... otherwise they don't make much sense.

closed at .63 this morning. I had a feeling when the market came back on wednesday that i should have gotten out for a measly 5% profit. 5/8 so far

I'm told a solid track record is anywhere from 2-5 years

With the VIX RSI(4) spiking from 36 to 52, i entered next weeks 195C for 2.66. This will be a quick in and out move.

while they have better odds than lotto tickets, at least a percentage of the money from lotto tickets go to public schools and roads :)

Closed this morning for max loss. Win loss ratio is now 5/7, the study continues.

Sounds like a great opportunity. your very own trading shop :) Much like Million Dollar Traders

This sounds almost the opposite pay schedule of a prop firm, right? :)

This will be the hardest part for a successful trader. Time is money. That being said I have a few mentors in place that give me pointers and help me down certain paths that have given me much success. But there's no way i'd ask for access to their accountant and all your bullet points. There...

http://www.turnkeyhedgefunds.com/

Bought next weeks SPY 198c @ 2.10

TSlexi, what did you end up doing?

Closed both positions This weeks 199c at 1.7 for 16% gain Next weeks 198.5 at 2.02 for 28% gain 5/6 w/l ratio average day in trade is 2.83

Entered 198.5c for next week, RSI(4) spiked from 29 to 46, so I bought at 1.58 199c for this week are down 30% I'm doing this more for a data set than anything else.

Closed out this weeks calls for a -76% at .36, they all can't be winners right? my 199c for next week are up 18%

Down huge against this weeks option Yesterdays entry is up nicely I'll need a huge swing up to salvage this in the next two days :) Oh the rollercoaster of Trading.

Guts is right! Eye on the prize

Today was rough. Bought some Sept 199C @ 1.46 after the spike today. The lack of volume for SPY lends me to think this is a minor correction. Gotta love testing out theories :/

Good Feedback MV. If the VIX RSI(4) spikes 10pts, according to Connors, there's a 78% chance the spy will move up 1% in the next 5 days. I haven't been holding out for the full 1% but have enjoyed profits regardless. The longest i have held on to weekly options is 3 days. We'll see how...

Yup still holding. (I may have pulled the trigger too soon) i should wait until the end of the day to get in... I agree the market may spring one way or the other, obviously I feel as though it will break out, the last half of the day gave me hope.