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I do not sell options. just buy options, then sell. you do not need sell options first, that needs margin requirement. option leverage is rendered useless. the only advantage of option is leverage: you can make money no other place you can make. my 2cents is: trade options just like...

you made a point. I played this strategy when appl or goog release earning, I found AAPL/GOOG options are expensive at that moment, if gamble wrong on earning, loss are massive, so I do not hold option positions through AAPL/GOOg earning. I use NQ to trade those earning event, pretty...

I do not agree with #1. trading is easy, enter hold and out. just like weight loss, diet and exercise, but how many people will follow! #2, i should correct it. people bring in money concept into trading, how can they follow trading plan objectively? #3, the same. if I want to make a...

there are so many things there. most people can not focus, that is why people lost. most people blame their psych for their failures, what a wonderful excuse! the truth is : they can not focus, just like a 3yrs. trading is boring when you get it. since the mechics is the same. prepare the...

5k to 10k in one week. that is too slow. yesterday I did it in 38 minutes. bought AAPL 540 put at 4.15 at 15:00PM, sold it at 8.15 (did not sell out at 8.8 limit order) at 15:38pm. but when your account becomes bigger, doubling it will be harder and harder. since if you have a large size...

for the sake of traders here, what I was doing is I bought 2 ZB contracts last week (I did not trade it except last week in Feb), I thought it hit support. then ZB wipsawed, I moved my stop, also my target, I just kept adjusting target and stop, held through weekend, I did not konw moving...

thanks all your input. it is all my fault, did not go to cme website to read through their rules and their product specifications. I do not want to blame IB, though they should warn me or be aware of the violation. From IB customer service, I was told the message was directly sent by CME, not...

but I did not receive any warning. I do not know why. I traded ZB before, I did cancel, put order, manay times, but did not receive any message, just the special labelling message. is it becasue of ZB expiration (I bought ZB March last week friday, and sold it this monday)? really...

I was noticed to be fined with $2000. I was told by brokers IB to get fine $2000 this morning. I violated CME Globex messaging volume rate. I traded ZB (30-t), not trade too frequently, did not create volume, and created too manay messages, inn this message i was told I trade a product with...

what those exams about? about regulations? I learned my hard lesson today. I was fined by CME $2000 with violation of message volume ratio. I traded Globex product ZB, 30-T. I never paid any attention to those messages. I created too many messages, but just traded not frequently. but...

nodoji, ironically. to my knowledge, that is what amteurs are doing. keep shorting into the strength since they try to pick a top. I can feel the pain of those short sellers, that is why I bought those to be thought as tops, those are the easiest money to make. one more tick up, they can...

look at those wild animals. they do not hunt blindly. they do not think hunt is a statistical game. they patiently wait prey, study the timing, analysis which target (weakest among the crowd) to target. in one side, they are hungry, no food die. but if blindly waste their energy, they die sooner.

I see your point. the fact is for a 10k account, there is no room to play statistical game to trade crude. several rounds loss, you are out. statistical game is based on "you can play as much as you can or you can play infinitely", the reality is you have limited resources and limited...

10k account and $400 /day is misleading. it is hard to achieve. I have a 4k account two years ago, I tried my best to trade crude. managed to make like $300 a day, but it proved to me it is hard. in one month, I managed to grow my 4k account into 7k. every day I felt I was dying, one...

5% never listen to any opinion never ask tips or suggestions, think by him/herself. stay focus on what they are familar with. ignore distractions. I am an option trader.made some kind of success. my secret is NEVER LISTEN TO ANYONE. lots of my friends said to me options are very...

I have 100 lot UNG 5 feb 24 call, bought at 0.35. my tws shows me a new smbol like ung2, I will leave it expire. since no one seems to trade it, the spread is too large, I do not want to give money to those spread sharks. convert it into UNG, it will be easy to deal with. then next monday I...

winners never quit. quitters never win. all about the attitude. not psychology. among the trading community, only 5% win. because they are persistant, even stubborn. they do not feel boring if they keep doing the same thing. while other 95% think they are smart, they keep trying and...

I am not an all kind hats guy. I just focus on the simple strategy of buy option either call or put, all OTM options, not ITM options. becuase I am a small account single handed trader, I need the leverage, the larger the better. I switched to option trading from future, the main reason...

first we need admit: even we do our best, but we still do counter-trend trading. it is inavoidable. I am a trend follower. if it trends up, I buy logically. but it may reverse, I bought a top. put it another way, I counter-trend trade the market! someone called themseves faders, but in this...

the worst thing in trading is look at the "account balance" and " P&L", anything related to money. when money in your mind, you will be very emotional. while not cold blooded, do what should be done, and objective. when you look at that number, if you win, you feel you can do more. when...