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Ditto

I don't see how that makes sense in reality for the SMALL RETAIL TRADER. Sure if you sell an option naked you get a better credit per contract than a credit spread, but your ROE is significantly worse. Selling naked with Reg T you are tying up a significant amount of money when compared to the...

I used to live in Korea. Doesn't do much for your confidence in a nation when you're walking down the street and air-raid sirens go off. (happens frequently) Problem is, I think they have a good business culture and that they are the up and coming nation. Their products are getting better...

Problem is that I am unsure that it will fade that gap. We didn't get a really strong bounce from the market coming back from that huge drop Friday. There is strong resistance at $75 historically. If it breaks through that resistance it should be able to fade the gap, but it has to go through...

Just curious coach. You put a lot of focus on SPX. I was wondering how much of your capital you use for SPX spreads. I assume that you make a signifacant amount of trades in other stocks/etfs as well?

Really, anyone who wants to act as an invesment advisor charging fees. Financial planners don't necessarily have to have it. It depends on what services that want to offer.

Given the certifications that you already have, I would tell you to start your own IA. This might start a bit slow as you might only be handling money for friends and family at first. But if you're good, word will start getting around. If you charge the normal 1% then once you get up to $10MM...

These days, a stock at just about any price can fly out of control. The volume of the stock is more determinate of how out of control the stock gets. The reason it is seen more with stocks under $10 is because they are usually thinly traded. There are a few companies that are heavily traded...

This is why I keep reemphasizing the idea that stops only work well on high volume issues. A trailstop turns into a market order once triggered unless it is specified as a limit order. On options that are thinly traded the market order has a high likelyhood of filling at a very unfavorable price.

My steelers are on fire. Even I didn't have the confidence that I should've. Should be a great superbowl!

Both.

Sounds like you are talking about just starting either a mutual fund or hedge fund. If you don't like the idea of holding someone's hand, then these are really the only two options that you have. And yes, it is more difficult to attract OPM this way. I am a little confused though. If you...

You can always get some education, pass the 65, and get a job with an established IA. Chances are you will start out in account development or something. Essentially marketing the firms services to prospective clients. You have to pass the 65 if you want to do anything besides file papers for...

I agree. My overreaction comment was about today only. If you look at my recent plays. I was bearish on DJX for two months now. I think that will continue for the short term. I just think the fall today was unwarranted. I would've expected a slower slide not a 200+ point drop. Lots of...

If you're right, look for me to come in with a bull put spread right after it takes out that resistance.:D 77 should then become very strong support.

UNH---This one looks good. I might actually play this next week if it bounces back up toward the 50-MA to get me a better spread. PLCM---Wish it was a bit closer to 18. GRA & HCC---Not really enough volume for me. As for gold. Gold and silver have been hitting resistance lately but I...

I never get into bearish plays on a day like today. There might have been good reason for some selling, but today was definitely an overreaction. IMHO.

You aren't missing anything. It really all depends on how one views the $75 level. There definitely is resistance at 77, which as you know would probably prohibit me from one of my usual credit spreads. The real question is, which one is stronger. I don't trust the candle today. What...

ME too.

MO doesn't look bad at all, but I need a couple more bearish plays. Looking for the same setup only high probability of going down. Thanks