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Cool, I can understand that just curious about the strategies you use not details.

What kind of positions do you have on?

I have been developing a model for the following volatility products based on /VX Futures (VXX, UVXY, VXZ). Since these products are strickly composed of the /VX futures and contango or backwardation of the futures I created a model that will give you the exact values of these products based on...

Cashclay, I applaud you for stepping into the world of options. I assure you that you can make money buying or selling calls or puts depending on the strategy. Tastytrade has a lot of good beginner info that will help with the basics. I was also encourage you to get a paper account soyou...

I think there is a lot of good advice here and a lot of bad advice. Me personally I wouldn't listen to anyone tell me that I can't do something because they have not done it. If you want to treat trading options like a business you can do it, its not easy but can be done. Its people that trade...

Though buying calls/puts are usually the first place option traders usually start I don't think there are a very good trade. When you buy a option you are buying volatility also, so the price of underlying stock could increase and the price of your option could decrease due to volatility and/or...

Yes, those guys are top notch...they back up there trades with probabilities and historical statistical evidence as to when to close.

When do you close your winners? Do you wait for your winners to turn to losers before you close?!?

I wanted to get some dialogue started around different approaches on managing winning trades. I know for the most part everyone has there own strategy of exiting trades; I am interested in hearing about them. I mostly trade option spreads and I have strict to a 50% of max gain that I stick...

Well said Sheda, a lot of people project what they can't do onto others.

What happens a lot is when people don't understand a trading product or have not done well they blame it on the "riskiness" of the product. All down side or upside exposure can be limited though limit or closing trades as well a spreads. I think people are substiuting the word risk when they...

I think the risk is all in the person and strategy. It is important to not be scared of risk, but understand what risk are associated with that trade you are doing and execute based on that risk....Let me pose a question. What has more risk buying futures or buying stocks? My answer would be...