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Like anything else, options has tradeoff. If you are a good directional/speculative trader, go for the underlying. Anything else, options give you the flexibility to stay in a directional trade, or to trade in a choppy market. Get an account with TOS for their exceptional tools, and use...

This may be true in flipping coins, and traders who are unable to learn from their mistakes. A trader may be able to avoid the mistakes of the previous two months to improve trading so that the third month is successful. For example, he has two months of losing trades which are bearish...

Rolled the EC Nov/Dec 1275 put calendar into a 1255. The 1275 cost me 42 for a loss of 6. The spread closed at 42. I have been very impressed with the EC market. I bid 52 for the 1255 spread, got it for 51 AND it closed at 51 with little market movement. The EC pit seems to be very...

I closed one trade which alone exceeded a 6% loss for the entire account. I also adjusted a bearish calendar which broke above the break even point. The remaining two trades, one is doing well and the other is on the verge of the expiration break even point, and going from theta positive to...

This was not market neutral -- this was a bearish portfolio that blew up. Here is the e-mail I got from them yesterday: "All of the positions from the most recent Virtual Trading Session (10/10/06) are in November, December and January expiration cycles, **hence they will not be acted on...

There are several software/broker alliances which will do this. Check out Esignal or Strategyrunner.

Feedback from Virtual Trading sesson last Tues. I understand the concept of a losing trade, but I am very unhappy with the VT session: 1. No adjustments were discussed except to continue to hold the trades and "hope" they worked out. I have surpassed the 6% loss and had to simply close...

>Therefore, the risk hole is somewhere in the middle. Probably round about where we are now While we are talking about the obvious, theta needs to be very low at the middle -- no below water sag at expiration.

Thanks very much.

Basic question here: 2 x XYX stock at 73, short 2 x 70 calls, and long 5 x 75 calls. I am trying to understand how this works: As I understand, the 73 calls "cancel" out the short 70 calls (almost), so you are left with two short 73 puts and 5 x 75 calls. You are net plus deltas...

Let me see. Volty moving down, market strong trend up with quick, shallow retracements. This is a buy and hold market. Euro looks interesting.

Closed SP oct/nov 1290/1275 put diag at 280, loss of 100.

You want excitement. How about this: The Euro! Bought EC Nov/Dec 1275 put calendar @ 48

I know this is like watching paint dry, but here goes: market below 1340, and vix is up over 12.75 so the position has moved from a loss of 35 to a gain of about 35. Again, this strategy allows large moves without forcing me out, and I was able to wait it out for the move down. I am not...

My experience over the last couple of months, low risk on the upside. Can make a good profit on a reversal, but can make consistent income on just the pullbacks.

>8:30 - 3:15 live in front of computer You might want to keep track of your success rate on a time basis. Some traders find that trading the last hour of the trading session causes more losses than at the other times. YOu may also include the first hour as well. That would give you an...

Question going back to the discussion on CTM spreads, How does it compare with simply doing a calendar spread? Perhaps any advantages of the IC may be offset by increased commissions and slippage. Perhaps volty would need to be factored into the decision.

Heather, if this came from the live support, I would call the trade desk. I have gotten bad margin info from Live support on OX. Talk with the margin guy.

No problemo. You place your stop at your entry point. ......oops, commissions, slippage. No, I don't think so.

SP Oct/Nov 1275/1290 put diag is now at -35 with the SP now at 1347. Unfortunately theta is against me and will continue to lose unless it moves down to below 1235.