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  1. J

    The sad truth about trading is

    Why are you here? Isn't this a trading forum? Isn't it called elite TRADER. Not elite PASSIVE INDEX INVESTOR
  2. J

    newbie question on option pricing and possible crash

    What you need is a good P/L (profit loss) options tool. Any decent options broker should have one. I use the one with options house. When you use this tool, you can input your options that you bought (or sold), and see how much profit or loss on that option you would have if the underlying...
  3. J

    Anyone has an old intraday chart of GM the day they declared BK?

    hmmmm.... I never thought of that. That actually could be useful. If anything, I am sure it couldn't hurt. Good idea imo
  4. J

    Last week,CRAMER said "CAT wont drop to mid 50s".Today CAT 54.20

    Good God! Jesus Christ! I wrote, "My point is not wether or not cramer is right or wrong. My point is Cramer makes hundreds of calls a week, on his show and other places. Of course he is going to be wrong a lot, and of course he is going to be right a lot. If you flipped a quarter a hundred...
  5. J

    Last week,CRAMER said "CAT wont drop to mid 50s".Today CAT 54.20

    Now that I think of it, why would I? And now I'm posting again.:confused: :confused: :confused: I need to find a better thing to do after hours.
  6. J

    Last week,CRAMER said "CAT wont drop to mid 50s".Today CAT 54.20

    Day before yesterday was the 27th of october. spy closed at 106.42. Today (29) spy closed at 106.65. Better than "Even at best." But that doesn't matter. My point is not wether or not cramer is right or wrong. My point is Cramer makes hundreds of calls a week, on his show and other places. Of...
  7. J

    Favorite Trading Blog site?

    http://ratemyturban.com/ I have just one word to describe it, "delicious"
  8. J

    Last week,CRAMER said "CAT wont drop to mid 50s".Today CAT 54.20

    Looks like he was right. Market up 2% today. You were wrong. oops
  9. J

    Last week,CRAMER said "CAT wont drop to mid 50s".Today CAT 54.20

    I do not watch mad money, but I have seen it plenty of times before and one thing I do know is Cramer makes hundreds of calls on that show a week. Of course he is going to get one wrong. You could probably find another few dozen that he got wrong last week and you could probably find a few dozen...
  10. J

    Amzn Options!!

    :p
  11. J

    Amzn Options!!

    ok, heres what we are gonna do. Adam and xflat, you are going to mud wrestle and whoever wins is right. Whoever loses, I kill. Meet me at my house tomorrow at 7:00 pm. I'll let you in after Mad money is over. Of course I assume you two are both young, beautiful, large breasted women. Isn't...
  12. J

    bidu/goog setups for today

    I just use my cell phone to make calls. No, I take that back. I also look at the time sometimes too, but my ringtone is Miley Cyrus.:cool:
  13. J

    Covered calls & puts combined with pair trading

    Yeah I agree with Spindr0, you do not want to do covered calls and covered puts as a pairs trade a whole lot. Caps your upside while leaving downside unlimited. Could be disastrous if market moves BIG. I suppose you could maybe do a credit collar and position your long call/put more OTM to...
  14. J

    VIX Options

    Buying longer term calls or call spreads on the vix is a great hedging strategy for your porfolio imo. Slowly start buying when it gets in the low twenties and keep buying if and when it gets in the teens. Has worked so far this year. If and when we have a positive gdp and are gaining jobs, and...
  15. J

    CNBC Viewership Plunges 50% In October

    Yeah thats what I was thinking. Viewership was up huge in late 08 and 09 because of the crisis. So comparing today's figure to those is probably not accurate.
  16. J

    How do you deal with being wealthy or suddenly having lots of money?

    I recently got filthy rich, here is the first thing I did. My little nephew really wanted to go to disneyland, so I told him for his birthday I would take him there. But instead, I took him to an old burned-out warehouse on the shadey side of town. "Oh, no," I said. "Looks like Disneyland...
  17. J

    AMZN, close to 30% in Day? When Down?

    That is window dressing, just not at the end of the quarter.
  18. J

    Investing Catechism

    Pretty much what I'm thinking. Nitro you have over 12000 posts. riskfree trading you have over 3700. That means you guys have been on this site discussing stocks and trading for a long time. It almost blows my mind how you can have a combined 15000 plus posts on a stock and futures trading forum...
  19. J

    Investing Catechism

    Nitro, I want to be as nice as possible, but the more you post on this subject the more and more ignorant you appear to be. You are over thinking this. Simplify it. The stock market is not some ponzi scheme set out to F*ck you over. Its very simple. When you buy a share of stock you are...
  20. J

    Investing Catechism

    A few more things to address: 1. How do you explain a company opening much higher after great earnings were announced or some positive news event happened? How do you explain the broad market opening much higher one day because of some economic news? That has nothing to do with 401 k in...
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