Search results

Somewhat OTM, not deep, typically 2 to 5 weeks til expiry depending when OEX comes, choosing a strike that will get them ITM, then I dump them. Yes, only one or the other (calls or puts).

I only buy cheap premium, naturally that forces me to be right on direction and somewhat (not dramatically) fast on time while having a good target idea, but that's ok that's what price action is for. If you know what you are doing, your risk is fixed and limited, and the accuracy does not...

No argument, as far as options, I only buy calls/puts, well defined risk and off I go. In the meantime, laugh at the others making a hard game, harder.

Agree, that was hilarious.

Poster should be liable for posting ultra dangerous suggestions.

Thinking too much prevents you from buying because you feel you are buying high, an emotion the market does not care about. Whether it's distribution or not, time will tell, don't see how such theories are relevant in technical trading. Price rarely lies and when it does it cannot hide.

Fooltime ? :)

ETers love these type of threads, makes them feel at home.

Works real good in hindsight :)

What makes you think is a buyer and not the general opinion of the market?

To daytrade profitably at the very least you need a serious price action education, something surf lacks in volume.

Buy red days to sell on green days. When the trend changes, the opposite.

It makes much more sense when the guesswork is taken out of the trading.

Stories like this one are more common than rare, nothing new here. I welcome market liquidity, whether is a 23 year old kid or an old lady trading her pention, in the end the money I make comes from others. Trading is not exactly the place I make good deeds, for that I got much better...

It's called envy.

Totally agree, Redtank has posted some gems in the past, hope he reconsiders over time as it looks like he was just having a bad day. You too Redneck, good contributor to the forums, like reading your posts as well.

This is only the beginning of the tremendous currency wars that will possibly lead us to World War 3.

Due to your limited style of directional trading you would do much better during bearish seasonality.

Having an open mind helps tremendously when participating in public forums related to trading and/or technical analysis. I know successful traders using: Indicators No indicators PA No PA Statistics No Statistics Adding to winners Adding to losers Not adding...

How's your past performance during bullish market seasonality ? ie January