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Keep in mind I "never risk" any more than I can afford to lose....just like going to Vegas..which I do regularly, whatever happened to those good old $1,000 dollar bills:(( I remember the Baccarat tables) stacked with $1,000 bills...those were the days.

Naked Put options are a great tool..a money making tool. Entry is key to be sure, especially weekly's....Leaping.. Naked Puts on the other hand are money in the bank. The image of "Leaping" Naked Puts has just got to be a winner..it is in my mind & my portfolio's.

At the end of the day the only one making money is the brokerage house.

You have to take the Winners with the losers..Smashed this week not really...all in all over time much better than it's cracked up to be. Options are a game of timing..too short expiration not far enough out of the money, your in trouble..not selling when the time is correct..not good. I've...

I do 99% of my trading Mobile...$189,000,000 this year alone..& so far I'm going to have way too much capital gain tax..the bad part:((

Completely off topic, but it seems that is what this blog is all about... I'll postulate a little lessen to do with economy....& bailing out. 1."money=work=money" 2. He who gets to "print" money "has the biggest gun". 3. He who has the "biggest gun" (& is willing to use it) Wins! 4...

Sorry to hear you must be anywhere NYC...I ping my trades to the Street...and that's it. The Don cut his teeth in NYC a good thing for all of us he understands how to handle the backstabber's in DC...

Simply put, hedging is defined as protecting yourself in the case of an unforeseen event is it not? Selling OTM late in the week.. Weekly Puts are a great hedge. Example: your holding 3000 shares of AAPL, you might like more shares... but only if your entry price is considerably lower than...

You are not a real trader until you ...can sleep deep in the RED...I mean deep, Example: GainsKeeper shows $126,000 in the RED June 30.. to recover and pay Capital Gains Tax for that year....that was a snapshot of 2013 for me.

Open a TD Ameritrade account fund it with min $25,000 and your ready. $25,000 is the min for day trading status....you'll get there if you can keep the 25 grand balance...good luck! I do believe you can just open an account & you'll have all the services of your web site account..I,m not sure...

First thing you've posted I agree with....

Get yourself a good backtesting software, or hire someone who does that for a living. here's one I like... https://wallstreet.io

I pay for back testing & charting service....found a good one! That helps with the overall picture....intraday...I watch the cycles myself & jump in or out by feel..yep my feeling..not better than 70% accurate.. https://wallstreet.io Nice little Gap up this morning early.....:))

Great place...$97.00 per month..stop & start service anytime. Suggests using Robinhood..more to the use of Robinhood than meets the eye. https://wallstreet.io https://wallstreet.io/blog/will-aapl-break-out-now-or-later-18812

Nothing....you have gained control on your own... can't be better. "You" then will be able to modify & kept control when necessary & it will happen.

I believe all are important tools... 1. You can hedge this strategy by always selling “out-of-the-money” puts. 2. Never sell more options than your account can cover! 3. Trade only "trending up securities" higher lows & higher highs the trend line is very important.

Actually I should have said "Use volatility to your advantage when "Selling or Buying" especially when trading weekly options at or near the money, on high volume stocks. Knowing the price of any high volume stock easily could open @ X dive two or even three bucks & bounce up higher than open...

I'll reply later...sun out here going the field to fly.

"A synthetic long stock position is where you emulate the potential outcomes of actually owning stock using options. To create one, you would buy at the money calls based on the relevant stock and then write at the money puts based on the same stock. The price that you pay for the calls would...

OLH..."of little help"...="destriero"....not a steed to be sure..nothing but BS!