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Uh...Ohhhh.... Looks like someone might have been wrong about RIMM. CACHE (raises his hand with a sheepish grin) I knew I would probably get caught on this trade. It's a good thing I only played half the amount of a normal position.

Not institutional ownership, active participation. It doesn't have to be institutions, just anyone that is dealing in high volume orders. Most of the time it is institutions like ML. I just want to mainly see where there is going to be pressure on the stock. Many institutions use the 50-day...

I don't really trade the really cheap options. Don't get me wrong, there was a time when I did, but that was back in my wilder days. When utilizing those options a person has to switch into slot machine mentality. There is a chance to make a huge score, but most likely in the long run you'll...

Who is this question for?

I while back I studied up on futures and options on futures. In the end I stopped because I really couldn't see a major advantage to it. I originally started looking into it because of the publicity. Now I wish I had spent my time on something else, because it didn't really suggest to me a...

The lines are starting to get fuzzy because of the big debate going on between investment advisors and broker/dealers, but... In short, the 65 makes you an IA Representative. You are then technically FEE-BASED. You don't earn commissions. The 7 makes you a Broker/Dealer. You would...

GME might not be a bad play, but the support will be at the $38 level which is right between the 35 and 40 strikes. This will not allow for a good credit and therefore would ruin the trade for me. INFY- I would have to give it some time for a good solid play. It is coming right off of a...

You got some concepts correct but I value certain things far more than others. 1) A channelling stock isn't a bad thing but a channel can be a bit tricky. As much as many books would like to claim that there are certain places that you can draw trend lines, where to put them can be left...

Good trade! Just remember to keep it coming in steady. Every time I overextend for that extra little bit, I get burned. Never chase pennies. Have a great weekend everyone, and a happy Martin Luther King JR day!!!

I've got a couple nail-biters on my hands. I'm currently almost dead even on both of them. I'm not down so I have no reason to get out of them, but I'm not up so I can't take profits. One week left to expiration. CPI data comes out next Wednesday which will be huge for both COF and DJX...

Since I have a few minutes I will reply and you can get to it whenever you want. This might be a bit long. It sounds like you might have misunderstood me slightly. I said that I started with $500 originally, but that is not what I would recommend to anyone. Good advice for spread trading...

I wouldn't be disappointed about staying in. I'm just saying that I would've used that as a sell point given that you were already up over 100% on the trade. It still looks strong, and you have to consider that all ten economic sectors were in the red today. If nothing else, you will probably...

You got in a couple days before I would've. I would've waited until the price was sitting on top of the 20- & 50-day MA on 1/4/06. Good entry though as a channelling play. Touched the top of your channel today. That is where I would've taken profits, then wait for it to retreat a bit and...

SURE! Sorry if in my posts I am frequently a little bit too long winded, but I think there are many people that view these threads looking for some quick info that don't really want to participate in the discussion. I try to be as informative as possible. I also apologize if an answer...

In my experience, the only time that it is too soon to take profits, is when you haven't yet covered commissions.:D Glancing at the chart, it was a good time to take stuff off the table. You might've eeked out a bit more with a well placed trailstop. But chances are high that it will...

Well, if you know how to make money then the minimum I would recommend shouldn't be a problem. Back when I first started trading, I actually started with $500. Everyone laughs when I tell them that. I turned it into $4000 within a year and used most of it to buy furniture. But then I was...

I only asked because the stock trades on pretty low volume. Low volume companies are alot of times much less predictable in regards to price movement. This would result in a whipsaw pattern. Just wanted to make sure that you recignize this. But your last post makes it apparent that you not...

Not an options book. Called "Short term trading in the new market". I found it an interesting read (especially for beginners) because it adresses different styles of short term trading and the personality associated with each. It doesn't discuss options strategies really, but focusses on how...

Probably explained myself incorrectly as I typed that post quickly. There isn't much about the chart that suggests that it will LIKELY break resistance. That is why I decided to make the trade. I am nervous about the fact that the market is making a very strong rally. SHLD is currently above...

But don't listen to me. I really dislike the idea of having my money locked up until I'm 60. In regards to my IRA and 401K, I consider them a gift to my children as I will probably never get to them myself.