dont over complicate... if there is a euro crizes.. . MMs will spin and say USA is SAFe haven..
ha ha.. that being said. yeah.. volatility sucks now.. VXX close to 20.. .but the financial reform is supposed to spin the next up cycle. anyways right now best to be fence sitting.
THANKS.. THAT IS WHAT i WILL DO.. I WILL ADJUST MY BASIS AT THE END OF THE YEAR ..
ok.. here is my update.. i have moved to eoptions.. i dont have portfolio margin.. ( which may be a good thing as leverage is a double edge sword) so i am selling lesser contracts. I do karen super trader...
hmm.. since I trade spy like him. and have been doing it for many years... I have been observing its behavior on Friday.. weekly expiry... :).. it can be a beast.. apart from mini crashes. I have seen SPY do crazy things on Friday..... in sep 2015... it did. 6 bucks +.. went up from 11 ET...
i am more or less done with IB... their obnoxious exposure fee which is mandatory and
in my case for a sample position of 100 naked SPY puts/calls
it used to be 20 bucks a day
increased slowly to 30-40 bucks
wasnt charged on weekends. but now is compulsory so i pay on weekends also
that...
thanks . u r very conservative...
mANY folks WONT like such low ROI.. haha ... 10% annualized but little do they realize.
money markets only generate .5 to 1% annual
-------------------------------------------------------
sorry- i tried looking but cud not find a comparasion
I use Interactive brokers and trade Karen Super trader( Short strangles)( if you are not aware just google Karen super trader)
to cut the story short I need
Portfolio Margin ( i do understand we need minimum 120 to 200K for this)
Ability...
HEY.. I AM IN THE SAME CONUNDRUM AS FutureTrader10..
does Advantage Futures do options..? i only do options on the indexes.
SO FAR STICKING WITH IB. i think I also see that the DAMN... Exposure fee has increased from Jan.. its making me real pissed.
what i hate if.. there is no easy way to...
hmm- see there is no correct-answer here. it is the BOY who cried wolf.. market will CHOP CHOP and do that all the time.. but it does pause even in a down trend. example is OCT 2014. i was short many puts on SPY.. i looked for a pause -eventually I got one and got our for a severe loss only to...
seems to be another SCAM product.. like THE STELLAR VXX.
this product created by BARCLAYS. .has been a MONEY SPINNER for them...
Vance Harwood wrote some nice articles. about how.- this has taken in like several billion over the years and no one is complainnig. ha ha...
from what I can gauge, 10 years back there were some market inefficiencies and predictable patterns.. NOW they are SO efficient.. NOTHING WORKS..
best example was 2 days back this FRIDAY.. THU - we spiked up.. everyone took directional bets. .and.. NUTHIN freaking happened on FRIDAY... dead as...
btw.. nice healthy discussion... Yesterday was the a nice outlier. in one way... on thursday at close.. SPY shot up... so consensus was a big movement day... it crapped out... and was sideways... put/call holder.. directional plays for OPex.. got massacred... the anguish i saw on twitter...
my 2 cents to this debate is IDK IDC...
randomness is what the market does best. like a drunkards walk... we - humans try to dig out a pattern -too much confirmation bias. and when it does work. we believe. when it doesnot.. we complain..
the markets are a reflection of alll the millons of...
i used to sell naked puts on Quality stocks.( 2004 to 2010)-
like... DRYS... RIG SDRL NOK.. wow.. i said. let them get assigned.. THEY did get assigned so I have to HOLD Them forever now..... ha ha.
who has filed Taxes and factored in the IB exposure fee. I will do the following - take my most profitable trades from last year and arbritaritly deduct the Exposure fee so I dont end up paying taxes on themb
THANKS for this link
i would say- their DISCLOSURE is a nice reminder or advice for anyone getting into trading
the best LINE is-
"In attempting to profit through Trading, you must compete with other professional, licensed traders "
- this is akin to a battle of the brains to suck up the LAST...