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When Volatility is low, option premium tends to be cheaper so Long Straddles and Strangles may seem like a smart play. However, Low Volatility conditions exist when moves are small and the likely hood of a big enough move to make the straddle/strangle payoff are lower. Especially once you...

I did not say to get angry or hostile. There is a huge difference between being honest with yourself that a trade was a failure then doing root cause analysis as to why it failed; and being in denial, playing it down as just a little boo boo, minor error, etc. If it was a failure, then it was...

Yes go ahead and coddle yourself to avoid hurting your own psyche. That should help you trade better. /sarcasm off. Seriously, if your psyche is so easily bruised that admitting to yourself that a particular trade was a complete and utter failure, then trading is probably not for you. Playing...

All of that is great, but it does not "stop the spying", it just reduces it.

Something like this? https://www.prodigiorts.com/content/think-it-make-it-trade-it

That is a BAD idea. First, without those people willing (although unintentionally) to buy the highs and sell the lows the market would be much less liquid and harder for us to make money. Second, what if the person is opening an account for INVESTING, not trading? That is a COMPLETELY different...

You only THINK you turned off ALL the spying. You only turned off what they allow you to turn off. If you run a packet sniffer on your network you will still see your computer periodically uploading data it has collected to MS...it's just less than it would have if you didn't turn those settings...

If you ever lose more than 2% of your account in a day, you are doing something wrong. -27% is way too much risk. With that much risk and 3 bad days and your are going to be in a world of trouble with no account and no money to pay back the loan.

@ktm, That is a form of rolling not scaling but yes that is a very valid move as well. Rolling is closing positions and reopening new ones to continue the trade. Scaling is closing of positions to lock in some profit while leaving some of the positions on to continue the trade in a reduced...

I am thinking you didn't really get my meaning anyway. When I said "I laugh at Cramer. He is one funny clown. " I mean that when I see him on TV he makes me laugh with his crazy clown like antics. You cannot tell me he isn't funny at times honking his clown horns, and screaming and jumping...

As I explained in my reply to md2324, I have only done this a couple of times because for it to work you usually need to have already made a pretty good % of the potential profit anyway and I most often choose to take the money and run at that point rather than to be greedy and try and wring a...

It should be doable with both. I will try to give a Bull Call example below. I just checked the current option prices for SPY in ThinkOrSwim for the 13th May Weeklies. (Yes I know longer time frame is better for Bull Calls but this is just a calculation example.) With Spy closing today at...

First it doesn't always make sense to scale out of a spread trade because by their nature your loss is limited regardless of what happens. I like selling spreads on weeklies of major ETFs (SPY, DIA, QQQ, IWM, TLT, etc.) so I am looking at relatively short time frames anyway (3-7 days). Say My...

While not quite a fraudster (really an extortionist) it's hard to beat the mystery of "DB Cooper". He extorted $200,000 in 1971 (equal to roughly $1.1Million now) and vanished without a trace by parachuting out of a plane. To this day the case has never been solved and Mr Cooper has never been...

I think scaling out can be good depending on what you are trading. I like to do it occasionally with option spreads. Why? With option spreads you have a limited downside and at times you can scale out just enough to cover any potential loss in the remaining position so that you have in essence...

I don't have a TV show where I can act like a clown and make people laugh at me while I make loads of cash. Cramer makes most of his money from the show, not the market. He may as well be another Kardashian. Rich from a "reality" TV show where they act like imbeciles, get paid big bucks, and...

OK This section you only talk about entries and exit decision making, no risk management. Then you say whatever else they do is irrelevant. So I read that as ^^^ "Proper Entry/Exit is what makes you profitable" VVV "Everything else is irrelevant". If that is not what you meant then you did...

I laugh at Cramer. He is one funny clown.

So you are saying position size, and risk management are irrelevant and that it is all about picking winners?!?!? ROFLMAO. NO ONE will EVER make 100% winning trades, so without risk management you will eventually blow your account on one or two bad trades. It's not a mater of IF but WHEN.

The biggest problem you are probably going to run into with your tool is data. Based on your question it sounds like you plan on releasing this tool to the public. In that case if you don't have a free data source then you will need to allow your tool to connect to multiple popular data sources.