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I'm long POT as well. Fertilizer & other Ag stocks are going to run and run and run... They're a little more volatile than I'd like, and they could (individually) turn out to be houses of cards, but I'm willing to take that risk. (I'm a swing trader btw, not day)

lol

best post in the whole thread...

lots of opinions on here, so I'll add mine: I'm pissed off too. On some level I understand the boosting consumption is a good way to help the economy. However, I pay more taxes than most, and I would love to have a grand or two to blow on miscellaneous nonsense, but guess what? I don't...

+1 lol at "the chimp."

I think I will go long in my co-workers investments, and after it tanks a few percent offer to unwind my position for a small "fee." I have the power... :D

I have a history of this. I have a real knack of selling the bottom and buying the top. My trading account has been all cash and CD's for a while now, so no big deal there. However, this morning my 401k reached a 9% decline so I "liquidated," viz. moved my intl and stock portfolio to...

that's how it works. it only really makes money when there's a pricing discrepancy, which there almost never is. (otherwise it'd be arb'ed away right away). sometimes there's a (very small) discrepancy between the DIA and the actual bucket of stocks, but that is usually extremely short...

If that was me and I'd just cut bait on a 40k loser, you could be damn sure the market would rally like crazy tomorrow. I seem to have that power. not that I would sit through that steep of a loss (well, my 401k is down 8%, and I'm not bailing yet, but I am starting to think I might...).

Why? Are you trans-gendered or something? trying to lift more weight? serious question (sort of).

I thought we'd established that this guy was sim trading from looking at his screen shots. I'm wondering why that would spawn a 26 pager on ET.... Also, can someone help me with "handles?" I've heard/read the lingo several times ("I was up 3 handles..."). what does that mean? Thanks

what's "obvious" if not price move on strong volume? serious question. Thanks

so I've watched several of those guys (steve gomez) video's. do you guys think what he's doing is the way to go? just curious about the sentiment... I guess at least one person on here thinks he sucks, but what about the rest of you?

If the dollar goes to pot (and it doesn't have to be nuclear holocaust pot, just continued long term fiscal horsehit pot + greedy bankers screwing everyone pot), I take my gold, move to Europe or some other place where the economy hasn't tanked and live there. Not sure why "gold tanks to $400"...

risky business. I'd much rather be long volatility. But someone has to be sellling if I want to buy... i have made $ on the short side too, but it's hard to rest easy. I've looked at hedging by buying calls at a lower strike, but it would eat profits to nearly zero...

wtf just happened??? 2 dollar jump???

google "volatility smile" or "VOlatility smirk" BS assumes that it doesn't exist. it works ok for realtively near the money options, butthere isn't really tons of free money there.

well, with Black sholes. implied versus historical volatility becomes an issue. you can build what you're talking about in excel, but you will still nead to furnish volatility, which is the most elusive of variables. However, Black Scholes is really bullshit (yeah yeah, so they go t a...

my opinion (and I am not an active trader, so take it with a grain of salt): Selling puts (or covered calls, whatever) is fine if you don't leverage beyond what you can afford. My principal, cardinal rule with this type of activity is always do it with a stock you don't mind holding for a...

lots of good info in this thread. lots of bs too... the thread started out citing taleb, etc. I think one of Taleb's main points is that that we tend to assign success to skill or edge or our system or whatever, when it's really not significantly distinguishable from noise. "significantly"...