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    SPX Credit Spread Trader

    Sorry about your Colts man, but my Steelers seem to be doing well. LOL... Nah, I actually like Manning. He see the field incredibly well, and even as an avid Steelers fan I didn't really think they could beat such a great Colts team. I don't think Denver would normally be half as tough as...
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    SPX Credit Spread Trader

    Now that I'm out of a lot of my bearish plays. I wouldn't mind a little comeback. In any case, next week will require a lot of adjustments for me. I was thinking Carolina-Pittsburg.:D
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    SPX Credit Spread Trader

    Alright. Was I the only one that didn't get the memo that SPX would be down 20 today? Shouldn't have taken profits on a couple of my bearish spreads.:p
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    Exponential growth

    Alright. Who forgot to send me the memo that the DOW was going to plunge almost 200 points today?:mad: Sure would've been nice to still be in.
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    Exponential growth

    Yeah, all part of the game I guess. But ya know..... as much as I say "just chalk that loss up to the nature of the game", it never really makes me feel better about having been wrong. I had to take profits on my COF spread today. I was a bit disappointed because I had a potential gain of...
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    Exponential growth

    Ahhh.... Sorry, I was in a hurry today and I didn't give that part of your strategy much thought. Let me think it over and get back to you on that aspect.
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    Exponential growth

    Good rebound today. I'm up a little bit on RIMM. maybe it was just shaking out some of the weak players.
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    Exponential growth

    For INFY I would wait till it crosses above $75. During this past year, $75 proved to be strong resistance several times (August-November). Now that they got knocked down so far, it might become resistance again. If they cross above that on a good move then they might fade the gap. Just...
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    For Directional traders

    1. I use TOS. Outstanding customer service. The platform gets better all the time. They know their stuff when it comes to options, and they will let you use the fee schedule from whatever broker you transfer from if you'd like. 2. I wouldn't say that I am avoiding the b/a spread...
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    Exponential growth

    Decided to take profits on my DJX play. Not as high as I would've liked, but profit is profit. All said and done I made 40%. I was looking for 110% on this one but I didn't have the nerve to sit through the beige book coming out today. The CPI came in lower than expected already and if the...
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    Exponential growth

    I use candle charts. They give me more detail into the minds of those trading the stock. I hope you keep your enthusiasm. In the end it comes down to who can stay interested enough to keep making money.
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    For Directional traders

    Yes the b/a spread essentially does come out of our pockets but I'm not that concerned with it. It is easier to fight with a spread trade than it is with a single leg. In my experience, I get filled better and closer to the desired price in spread trades than with single leg trades. This is...
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    Earnings trades

    Good trade on YHOO. Unlikely they will rebound before the morning. Profits easy to lock in at that time, especially as IV collapses.:D Same situation with IBM and INTC. Both down after earnings announcement. IBM killed street estimate, still down after the bell.
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    The Beginning of Giving Houses Away.

    Talked to a Californian that built a 12,000 sq ft. house here for just under 2MM. She was pleased and I thought she got ripped off.
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    The Beginning of Giving Houses Away.

    Over the past few years we have seen a huge influx of Californian money. That is what drove our prices up. When many of them trade down they have no idea what the market is like over here and subsequently pay 20-30% more than the house is worth to a local.
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    Option trading

    OPTIONCOACH <----knows his stuff and HIT THE NAIL ON THE HEAD on this one!!!
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    The Beginning of Giving Houses Away.

    Maybe I'll kepp it quiet. Don't want speculators bidding up the prices here before I can get my hands on some university rentals. :p
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    The Beginning of Giving Houses Away.

    Sounds a lot like my area. I'm in a 3500 sq ft, 6 bedroom, 3 1/2 bath. All brick, 2-car garage with RV/boat pad. 1/2 acre on the fairway of a beautiful golf course. 2005 "safest metropolis" and 2003 "Best place to start a business". $220-250,000. And that's because prices have gone up...
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    Option trading

    Don't waste your money on the optionetics course. Read some books enough to become familiar with the lingo and basic concepts and then keep up with the journals and threads on this site. That will help you formulate your own strategy. If you know nothing about options you will not be able...
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    For Directional traders

    I'll use IB's commiss. structure to illustrate. ($0.75/contract) When trading a credit spread, which underlying you choose is going to make a huge difference. The difference between strikes could be $20, $10, $5, $2.5, or $1. I rarely trade the issues that have $20 strikes, so we can...
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