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With that much effort, I think I could probably make up for the tax and then some just trading like normal. Which is worse, tax or commissions?

Yeah, it's a pretty good read. Not difficult be any means, but I like her writing style. On a different note. SHLD found resistance again today at 126 so I got in on a bear call spread. The chart has me a bit worried about upside momentum, but that was in fact the decision maker. If the...

This has always been an issue for those in the digital photography business that have to keep high quality files for a significant amount of time. One of my photographer buddies stores files on large hard-drives instead of CD-R.

Yes, I noticed that before. That is why I made my second statement. Because your strategy is pretty much a leveraged covered call, you are susceptible to the risks involved in covered call writing. That said, covered calls aren't the most popular form of options trading for nothing. If the...

What I can say to you ROB is that it seems from my perspective that most of your problems could've been solved by using a similar method to mine. I also like the way that TOS sets up a margin account. I will NEVER be automatically sold out of one of my positions. Anyway, if you have any...

I forgot to mention one more thing. If you are REALLY right on the direction (i.e. the underlying moves big the opposite way of your short leg), the losses incurred by the long leg will overtake the gains from the short leg. You'll still have to implement stops. From my perspective...

I'm going to have to agree with Momoney to some degree. With many companies, the b/a spread is going to be minimal compared next to the price of the deep ITM leap, but it is still much higher than front month. Being as large as it is, you might run into problems frequently. What little you...

One thing that I think is interesting is how good everything looks on paper. I think that is why many mistakes are repeated. The person warning others not to do something is speaking from experience, while those not listening are trusting in a theory. They then tell themselves that the one...

Just wondering what is attracting you to DLP?

There goes AAPL today! Blast off!!! Nice!!!! RIMM is getting down to the point where I am about to trade it. The company is plagued by litigation, which I normally shy away from, but I'm taking this one anyway. We'll see if that turns out to be a bad decision.

On that straddle, are you worried at all about the IV crashing once the report comes out? My experience with straddles on ER days is that more often than not the move isn't big enough to make up for collapsing IV, aspecially not when used to hedge against loss on an existing vertical. What's...

Looking at AAPL and RIMM. Both broke through resistence Friday. Might make a pretty good bullish trade. I'm a little concerned that they were carried by a bullish run in the overall market and that once that momentum dies out, they will reverse quickly. They are looking pretty strong though...

The above statement is partially true in my experience. You won't really make MUCH money if you only ALLOT 1% of your money to any single trade, especially in options. Unless your bank roll is huge, commissions would tear away a large chuck of what would've been profits. I say partially true...

Interesting point. I guess the emphasis for you would be to make sure that those failures remain as small as possible. Myself, I've had both big and small failures in trading. I wouldn't say that I have many failures now. Losses are the nature of the beast. A failure would occur as the...

Yes, just in my trading account. In a long term account you don't really need to have CASH necessarily. Assets are allocated differently. But I don't have all of my long term investments locked up in an IRA or 401K either. 15% in my trading account has to do with the fact that for positions...

Scratch that. I just took profits on PAAS. Decided that I was just chasing pennies. 3-week 50% profit. In two more weeks I could've made another 20%, but I can utilize the money better in new plays. Still in on the worthless long leg so if by some miracle precious metals fell through the...

Not a bad recommendation for beginners. In fact, I am in DJX right now. VERY LIQUID. I like them for the tax treatment. Just be careful of one thing. S/R is easier to determine on individual stocks because they aren't as susceptible to getting dragged through S/R by the earnings announcment...

Certain options books are easy to understand, but those ones aren't any better than looking up any article titled "Options 101" on the internet. Beware of any book written by someone with a late night infomercial. I thought you might like PAAS given your style. I agree that support is to...

Sorry to hear about that. As soon as I make this statement I will get bombarded by posts from IB supporters. I have heard A LOT of complaints about IB. Problem is, their customer service is HORRIBLE. If you read through the reviews on this sight you'll notice that even many of the people...

Does everyone subscribe to the following? "A smart man learns from his mistakes. A wise man learns from the mistakes of others." I agree that the world of trading mirrors the world of weight training. Mainly because both worlds are prone to fads. The interesting thing is that both...