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  1. C

    Writing options for a living

    Re: Taleb - yep, the market just loves to stick you with a knife, then turn the handle. Vic N went bust then the market almost immediately turned around. And how many short sellers got hammered 98-Jan 2000, then gave up. For my trading, I'm trying to find longer term (6 months)...
  2. C

    Writing options for a living

    Yeah I recently read that book and came to the same conclusions. The prems you can get for selling ops on what most would call "decent stocks" are darn small nowadays. The way iv is dropping down further and further, probably dampened by massive writing, you'd think all risk is gone from the...
  3. C

    Looting in New Orleans..a new low for americans...and why we are minimizing the effec

    If it keeps on rainin', levee's goin' to break When The Levee Breaks I'll have no place to stay. Mean old levee taught me to weep and moan Got what it takes to make a mountain man leave his home, Oh, well, oh, well, oh, well. Don't it make you feel bad When you're tryin' to find...
  4. C

    OIL $70, gas shortage coming

    No biggie, I payed $2.95 for reg this morning. Caleeforneeuh is always high...
  5. C

    A study in chaos

    Sort of like this?
  6. C

    Crash or Bottom?

    As has been mentioned, Katrina will probably spike gas when it slams N'awlins and the market will dump, at least for a day or two. Or not... :confused: Good trading to all.
  7. C

    Moral support and confirmation needed about starting trading for a living

    Search ET for all posts from "40yotrader" Here's a head start: http://www.elitetrader.com/vb/search.php?s=&action=showresults&searchid=877612&sortby=lastpost&sortorder=descending This is one of the very few I've seen "get it right" quickly and be successful. Assuming the posts are...
  8. C

    My strategy to earn money with no risk.

    mas I don't know exactly what their strategy is, but I suspect it is something like picking places to write puts, then how to roll, or sell calls on assigned shares. Or maybe that old chestnut buying shares and doing cov calls on "rolling stocks:" "stocks move up and down in...
  9. C

    My strategy to earn money with no risk.

    Okay. It doesn't sound like you are a spammer and if these books and materiels lead to a happier and more financially secure life, then that's wonderful. What I find disagreeable is their hyped-up snake oil ads that imply that these methods are dark secrets that few know, and they will soon...
  10. C

    Is it possible ?

    Should be pretty easy to bang out in C or VB.
  11. C

    My strategy to earn money with no risk.

    *SPAM ALERT* A new poster "asks" about a certain website or guru? Yeah right... 1. As others have said, there can be no reward without risk. Big reward = big risk. That's just the way the world works. 2. There are no "secret" option strategies to "create instant wealth". When I see...
  12. C

    It's been 2 years since I turned CNBC on...Cramer was on!

    And that's just the ET members that watch! :p
  13. C

    For Directional traders

    Yer lucky. All I had to look forward to was nut-busters like Thermo, Statics/Dynamics, and Electromagnetic Fields and Waves (thank yooo, JC Maxwell...). :( A couple "basket weaving" electives did have some hot babes tho! :D
  14. C

    SPX Credit Spread Trader

    I used to do DITM SPX put diags. Got hammered a few times on vol changes. Gave it up...
  15. C

    Why is the Futures market supposedly more difficult?

    Longshot? Easy to see this isn't Jack. Jack never made a post shorter than 500 words! :p
  16. C

    Beating the Spread

    I guess I should also mention that my experience with getting good fills is with less than 10 contracts, and usually less than 5. I might not do so well on more... Good luck to all. C
  17. C

    Beating the Spread

    Okay, I guess I should frame this wrt my trading systems. Yes my best fills are because the stock moved down to put me in range, so I could have been "picked off", as you say. But quite often the stock pops back up to put me in a profit situation the same day. I don't daytrade so I don't...
  18. C

    Beating the Spread

    Oops. My bad. Of course I mean below or at the CURRENT bid when I put in my limit order. But I have seen the bid/ask change to execute my order when I put them in near the bid, then go right back to the old b/a. And this is without the stock moving much. I miss a few trades, but there...
  19. C

    Beating the Spread

    Positive! Even in the down/sideways market of the last few weeks my long only call port of more than 20 stocks in different sectors (all 6 month or greater exp) has been steadily moving up. Sure we could dump and not have the usual late Oct - Dec runnup, but if we do I make nice coin...
  20. C

    Beating the Spread

    I often get outstanding fills, probably about 40% of the time. By outstanding I mean, for example, at or below the bid on long ops. And some of these are on already (by my calcs) low IV stocks. Getting a good fill - that's half the battle won right there! I suggest limit orders and...
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