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Lawrence, I took a look at your thread. It looks like you are doing something interesting but I doubt anyone would know what it is. An explanation of what you are doing would be appreciated. All I see is some lines that indicate last week's high and low and some other lines that seem...

Still trying to get my head around FAS/FAZ I looked at the follow data 12/13 FAS 58.34 FAZ 42.52 Russell 696.09 1/18 77.17 30.89 766.49 The FAS has gone up 32.27% The FAZ has gone down 27.35 % The Russell has gone up 10.11% Would...

If you go to the Direxion web site you can get a download of the composition of the FAS and the FAZ - http://www.direxionshares.com/etfs It is of some interest to note that there is a big difference in the asset composition of these 2 ETF's The FAS shows a large array of individual...

I am clueless when it comes to ETF's. Would appreciate some help. I understand the basic difference in FAS vs. FAZ, however why would one buy one vs the other? Who primarily buys these instruments? Are they used to hedge large financial stock positions? I looked at the holdings of...

fb - I appreciate your honestly and strong desire to learn. This is a great thread. Not only are your comments interesting, but you have also gotten some good comments by others. You should know that we are all wishing you well. I have some advice for you that may seem odd. I doubt this...

The way each Greek is calculated is to make assumptions about all the other Greeks, hold them constant, and back out the isolated variable. There is always error here, but for most positions, observation suggests that these calculations are good approximations. The truth is that option...

I am not going to address all of your concerns but 1. The Greeks are not derived via laws of nature, like gravity. There is some fudge in there. They are more an expectation than an actuality. http://www.investopedia.com/articles/optioninvestor/04/121604.asp#axzz1iqGoRwIx 2. With...

the - Delta can probably mean all kinds of cool things. However, for you, the simplest explanation is probably the best. Delta is a measure of the expected change in an option price, given a change in the stock price (underlying asset). A Delta of .5 would mean that if a stock price change...

Something is wrong with the logic of your model. Something is wrong with the logic of your model. Something is wrong with the logic of your model. Would be nice to know What you are trading? Frequency of trade? Size of trade? Logic of system? How fast was the draw down? All the...

What is really needed to evaluate your position is amount invested and anticipated return. I do agree with you that the dividend play was touted ad nauseam. But whatever, high dividend stocks have done ok. My concern with your strategy though is that high dividend stocks tend to be slow...

Using stops – possibilities 1. You have to leave a position unattended. 2. You are trading multiple positions in very fast moving markets. 3. You have trouble exiting losing positions. The most important aspect of using a stop is that there is the theory and the practice. Meaning how...

Don, How did you get your data to code for 0-6 to begin with. Are there data bases that code for day of the week? Thanks

Not only am I quickless but I am clueless. What is the objective of HFT? To take the bid ask spread? What difference does it make if you are doing 5 min round trip and others are doing 3 min round trip? Detail would be appreciated.

What would be the mechanics of running a stock up? Just off the top of my head I would look for times when trading volume was low. I would look at the book and see where the bid asks were at. I would place several large orders for at the market and see what happens. More specifically -...

Someone pointed me to the CBOE web site and it does have lots of detailed info on weekly. Only questions now would be 1. Do you think a different set of traders use the weekly vs. the monthly? 2. Any comments on effect of weekly series on underlying assets? Thanks

Options – weekly vs. monthly series I am one of the old ones (think Roy Hobbs) getting back into the game. Right off I noticed there are 2 series for most stocks and indexes – a weekly (expires each Friday) and a monthly (expires third Friday of the month) series. 1. When did this...

Not sure if the Euro will be modified within 3 months because of everyone dragging their feet. There is no doubt that it should. The concept of unified members only works if there is some semblance of equality. It is now known that some members now lied about their initial conditions...

Ryan, I don't know what kind of system you are using but it seems to be working. I am following your lead. I went with 20 57.50 calls ACN at 3:30 today at 1.33. If I get a $1 pop on the open I should make $1,000. I am hoping to be out by 10 AM.

Cactiman, If you are going to do options it is good to have a nodding acquaint with The Greeks - especially Delta and Theta. You certainly shouldn't obsess with them or think all the math used to explain them makes any difference. Basically what The Greeks tell you is how an option price...

Lawrence, I am not saying that it never works. I am saying that without knowing more about the type of model you are talking about it is a broad generalization. Holding on to a large loss might recoup if the loss was generated by a short term event. Hence better advise for short term...