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I'll continue to post my trades on this thread. Lesson learnt so far is that I need to switch my entry signal from the daily to intraday chart. I usually ignore overbought/oversold sentiment before entry, but will have to stay paying atention to warnings on imminent price correction that often...

The original capital is down from $10,000 to $8,500. You can edit your options for ET so that you have 40 posts per page. I have 27 pages.

Thanks @cnms2. Still on the move - travelling- but I pop in to read contributions! I'll continue posting my options play.

Thanks hajimow. I can't do multiple trades due to my technical approach; at least for now. I search for trades manually, starting from intraday to the daily and weekly, I also switch back and forth from the weekly to intraday. I can't lose the original start-up capital - 10K, but getting to 100K...

Finally APA has done its worst. I lost $8,350 on the short leg/trade. Without adjustment, I could have closed the position at $2,400 loss. I'll continue to post my picks and see how far the remaining 8.5k will go by December ending. Thanks for your contributions!

I will continue with my picks.... Waiting on APA to end its ordeals. I've taken a loss of $5,000 on the short leg and will likely incur more losses on the remaining short leg if APA continue to rise. Will see how the long side pans out. So far, TA rules work perfectly but human elements...

Forumites, While we discuss options play on this thread, let's share our past and present trading experience(s) here: http://www.elitetrader.com/vb/showthread.php?s=&threadid=58867. Good job @Iceman1

The idea to create this thread crossed my mind last week as I reminiscence but was rekindled this week by djxput's post on the thread - My Options Play! Please kindly share your trading experience; your best and worst trades ever. How it happened, moment of joy, sadness, regrets, and lessons...

We need some rolling smileys on this board! Some of the posts have been hilarious!

Uninvited_guest, What's your problem? You seem to be possessed by some forces beyond your control! The fund is mine, not yours! So what's your problem? I could give you 50K if you need fund to trade; how about that?

100% loss on three trades does not imply that some trades didn't post losses; they were just not 100% of the preimum. How many trade(s) per week/month do you think is/are ideal for an option trader?

There can't be stop loss on Long Nov 65 Call and there's no need for it on the short leg either. Trade is hanging! I love options; the game is now intriguing! Let's wait and see how it pans out!

Thanks, I appreciate your comment!

Thanks for the links...refreshing!

I wonder!

Options allow me the flexibility of adjustment; I guess you are half-blind! You are not the only critic on this forum, however, other critics are not obloquy like you!

Forumites, qqqq is the same person as uninvited_guest. He first posted his link to yahoo, then deleted it knowing that many of you have put him on ignore list! hi, uninvited_guest!

No! I was kidding! I used to say that some years ago; and that's when a trade is adjusted. It means: the trade is a bummer - waste of time! But what if APA fails to trade back to 65? As you can see, traders can't do away with IFs:)

Thanks again for asking. My forecast of the trend is made out of technical outlook and probability of a higher high than the previous week. I plan to say something about APA trade after the trade is over, gain/loss irrespective. Nothing is guarantee in trading, I can only hope that APA drops...

Saiff, thanks for your question. My trading approach takes into consideration the following: Comon sense - Probability Technical analysis - MACD, DMI, EMA, Weekly, Daily, Intraday! Money Management Trade Adjustment if/when necessary! BBY and APA may have the same technical outlook when...