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Lobster and Doji have the best perspective on selling puts. To me I have to make the same decision as if I were to go long anything. If I would not buy it, why sell the put? The put though gives you the added advantage of time and movement. Sept 11 put me in a situation similar to 87...

This is probably not the best environment to be selling naked puts for constant money. I do some selling so I will give you what I can. Under no circumstances will I sell a naked put on something that I don't want to own. Even at that, I use a scale in technique rather than being a piggy...

I have found that a lot of the books that were published in the early 20th century are great to read, and still applicable today. Richard Wycoff has some good stuff on Amazon like "How I Trade and Invest in Stocks and Bonds." There are many others that are part of the Contrary opinion...

I watched a guy do this at New York/ New York one night at the blackjack table. After six or seven losses in a row he got up and left. The other side of this, is that your double only wins your original unit back. So if you start with 5, 10, 20, 40, 80 when you bet the $80 if you win, you are...

If you guys find my logic incorrect, please feel free to give me your opinions. Andy, few problems. 7 has the most combos. (1/6-6/1) (2/5- 5/2) (3/4) (4/3) for 6 ways 6&8 have equal probabilities (1/5-5/1) (2/4-4/2) and (3/3) for 5 ways. Now to bet against the shooter you have two...

I would really look at IB, or I believe Trade Station has a new platform and low commissions. I use Nextrend and like it, my set up is $100 a month. In my opinion keeping commissions as low as possible and being profitable before taking huge size is the best way to start. You can trade 100...

Typing with one hand Im so excited.

traderprofit, I am curious if you have ever used the Value Line convertible Survey? If so do you like it? (I am not crazy about VL regular) If not, do you know of any sites that list converts? I have been thinking about buying some converts and shorting the underlying for a while now...

Dozu, IYR is an ETF that tracks reits, that is the easiest way to play any breakdown. You could also look at individual reits that are breaking down, and especially at ones that start to lower payouts. You could also max out with a home equity line. Pay off any non-deductible debt, the...

Silk, Although I don't think that the I shares S&P Index has options, many of the products do. They have just about every index under the sun, so it would be worth a look. OEF is the S&P 100 product, and the last time I looked there were options available for it. Now, for my question...

IBD has a charting feature that will give you the top five stocks in a sector. It is free to subscribers, not sure if you can get the same for free. Think it is investors.com. Also Yahoo and SI in the Profile section of a stock quote will list companies, although it is often a very broad...

First of all, I can see where people in other countries could harbor some resentment or jealousy toward America. Bottom line is we have a very good lifestyle, even our poor have it pretty good. And we don't really want to share. Let a few jobs go to Mexico and people are up in arms. As if...

I have seen a similar situation in both pre and regular trading hours. Some brokers I am guessing still pay for order flow. So a client of Broker X sees your bid and sends his order at that price. The order gets filled who knows where, at "YOUR" price. This has happed to me both on the bid...

I would have to add myself to the bad day club. Nothing like going to bed smug and waking up feeling like an idiot. One thing that was pointed out to me, and makes a lot of sense. I did a lot of driving over the weekend, so Monday I closed out a few shorts early and took a nap. Around 2 I...

That was so funny, I think I ruptured a blood vessel in my brain from laughing.

This past weeks Barrons lists the best and worst performers for the second quarter. I consider Hedge Funds the closest comparison to traders there is. Some are hot and will fade, some are cold and will turn, most will blow out and there is still only one George Soros who had averaged 20% per...

"Our signals make you money, or your next month is free." "Our airbags work, or your casket is free" "Our condoms work, or your stroller is free" "Our security system works, or you can charge us for the call to 911." Not much of a guarantee if you ask me. Don't know if you can...

Ed, that was an interesting article, glad to see I am not the only person who sits in amazement as these hearings go on. That is of course when I am not yelling at the TV during the grandstanding. And the SS system is almost laughable. Collect money, spend money, issue iou secured by other...