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Duke, the best hedge is probably going to be your position size. Just trade small. Don't hedge with futures. The other thing you can do is trade against it with something else. Say you were short ES calls, buy some AAPL against it. Assuming AAPL or whatever stock is strong.

Yeah they got hit as soon as CSCO reported. Keep in mind, CSCO affects about 40 to 50 companies in the NASDAQ either directly or indirectly.

And CSCO? :D

Just giving you keys some key levels to watch in the spoos. The 1660 level is the monthly A down and the 1650 level is the top of the QTR A up. There is your bogey....go get em!

There have been a lot of threads on this topic over the years. Some good, some not so good. But we might as well talk about religion and politics. We'll have about the same amount of agreement. LOL. I understand where you are in your learning cycle. I was there too at one point. You'll...

You don't have the discipline to put people on ignore.

I'm not debating anything. I'm trying to point out the FACTS. The FACTS are you can customize your combine. So the rules are irrelevant. They are just an excuse. Look, I ran a trading firm in Chicago for 6 years. I saw the p&l of 100 traders including MANY here on ET. And no, I won't out...

More absurd BS. The rules are whatever you want them to be. If you don't like the rules...CHANGE THEM! Man you guys on ET are so full of excuses. I'm with Surf on this. Look, admit it, most of you guys who are "profitable" and I'm betting it's less then 1%, are only so because you double...

I found hard work still works. After all these years, that edge never seems to dissipate. Then you have the old "experience". That one had also stood the test of time.

I think he meant one can string a lot of small short runs together over one's trading life. Call it a cycle if you will. And it's laughable you think the only way to make money is market making. Speaking as someone who traded on the floor, all those guys down there are long gone and...

I think Austin is violating his terms of agreement on his discount combine. You have to "journal" to get the discount.

That's the 150k combine tobbe, not the 30k.

Here's a trip down memory lane. I thought you might like reading this from the old days: http://money.cnn.com/magazines/moneymag/moneymag_archive/1998/04/01/240376/

I never said stocks are not going lower. I said stocks are not in a bubble and stocks are NOT in a bubble. Just because someone's RSI reading is high doesn't mean we have a bubble. I'm growing tired of every little rally we get in stocks and all of a sudden it's a bubble. Tech stocks in 1999...

The advantage is stops. When I buy an option vs stock, I'm paying for the right to defer my stop. We all value things differently. For me, the value of a stop is priceless. What I mean by that is, the right not to NOT get stopped out of a trade. Example: XYZ is trading at $100. Let's...

I have no idea what makes you think there is a bubble in stocks. In 1998 we were trading 1550 in the S&P 500 and only took that level out 15 years later!!! For 15 years we went no where!!!!! There are bubbles out there, but it's not in stocks. The next bubble will be in our entitlement...

Join a Combine. Journal your trading days. Submit to a forum. GET 70% OFF THE NEXT COMBINE OF YOUR CHOICE. Our goal at TopstepTrader is for you to develop into a consistent, disciplined trader and earn a funded account. When you journal your daily trading, your streaming consciousness...

Actually I know several. And they don't get to keep that $40 if you breakeven. All this has been rehashed before on older threads. Don't take your trading frustrations out on this company. Work on yourself. Trust me, it's wasted energy focusing on anything outside yourself.

You can do a combine now for $40!

My old firm was kind of what you were looking for but nowdays, JBO's are kind of out of favor. You can get similar margin in a portfolio margin account. There are no classes and there is nothing to really teach you. Trading options is like anything else, you have to work hard at getting...