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Yeah!!! I'm gambling but not with your money! Could you please teach me how to trade? :)

Thank you for that reply. I wonder what members of elitetrader have got to lose from watching my picks!

There's a bet going on between me and some traders who don't believe in technical analysis. :) Whatever happens, I am pro-technical-analysis FYI: My technical tools are EMA, DMI, and MACD in addition to weekly, daily, and intraday charts. :)

uninvited_guest, I've always had the last laugh. I'm not moved by whatever happens because I'm not peddling anything cause I just wanna make a statement! :) People like you would turn around and say "He just got lucky with some trades" but fail to say "He is so skillful to know the trades...

1. Which of Welles Wilder's indicator do you consider garbage? I have made over $1M trading options using his DMI in addition to EMA and MACD. Do you want proof? 2. $OEX and other indices are liquid enough for $1M+ account. 3. I'll definitely get the book. Thanks so much!

Folks, If I lose the original 10K I would still be around. I've been travelling, hence reason why I wasn't around. Remember, the fund is mine and not anybody's else! I'm watching! 100K is still a bit far away!:)

Yes, you are right, not many people would have been able to continue with 50% loss in the first trade, but it hasn't happened yet. The trade has not been closed, so losses remain "paper loss". Could it also be said that I get unlucky with some trades? :)

1. Oh yes, 50% would have been gone! But I didn't start with PEET. 2. Then I would own up and say the stunt was a bummer. At least, no one else but me would have lost 10K. $9k is alot of money to small traders. I usually buy in excess of 100-200 contracts. But this 10K stunt is aimed at...

No! $4,800 is not about half of the account. The account was at 20K courtesy AVID, DIA, and CHS trades, but is now down to about 15K. Did you check the file uploaded in one of my posts?

$4,800 is a big amount for small traders. One important thing about trading is that the trader must separate his emotion from the rules. Tomorrow is another day!:)

Let's wait and see how the trade pans out.:)

Hmmm. Did you say MACD is crappy? I think otherwise! MACD should not be used as a stand alone indicator, and should also not be used for entry signal. It's better used as a gauge! It informs me what is not likely to happen. It also butresses the existing trend. Stochastic has its merits and...

I've not put a stop loss on the PEET Oct 30 Call. I'm watching the intraday for a shift in trend mode; none has happened yet. I will update. :)

Iceman, There's nothing that can make me touch a range bound stock like BBY, although with the possibility for uptrend. IMCL is in a bearish mode but seems to be getting ready to go North; how long the uptrend will last is unknown to me. IMCL and BBY are not in my good list, at least for...

Order placed: Action: Buy to Open Options' symbol: .UKQJF (OCT 30 Call) Underlying security: PEET Entry Price: Limit 2.20 DAY # of contracts: 40 Order Status: Filled at $2.20/contract This is a risky trade considering the time left to expiration. My stop loss at 1.70 below the...

Cable, Good to have a confirmation. Glad to tell you that I first alerted the trading industry on a particular setting for EMA in 1997. The likes of Welles Wilder, George Lane etc found it unbelievable. I did not develop any indicator but I have mastered the art of using the said indicators to...

I'm looking at PEET, RL, and TRID Call options. My thoughts: PEET: This stock is like an airplane trying to take off. I won't be surprised if it climbs to 33+. Could also gap up! RL: This stock is in bullish mode but currently retracing. The retracement may take the stock down to...

Big thumbs up for you, Cable. I couldn't have said it any better! There is no secret, there are just trading ideas with different combinations of technical indicators. I personally use EMA, MACD, DMI, and one particular indicator in addition to weekly, daily, and intraday charts. My success is...

Wabrew, My strategy after many years of ratio-backspread, butterflies and other crappy strategies were narrowed down to outright options; Calls, Puts, with adjustment if and when necessary. I don't trade everyday or always; I do so when trading opportunities are available. I have enough...

Listen to me pls....ask them to send you free picks, paper trade for 3 months and then decide if their picks are worth the cost. All my trainees pay me from their profits, and my service is not auto-trading. Please don't spend $5K on auto-trading.