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I bought a call on DELL in the last five minutes of the market Monday with a very bullish breakout close above crucial 8 month levels, as well as a good RSI trend and other indicators, etc. However, saying that DELL looked weak vs. the rocketship market today would be a huge understatement...

Interesting. I'll look into that. I have done a studies of the pivots, though. They seem to accomplish about the same thing. Thanks, Greg

I've been swing trading paper for a few weeks, and was just wondering at which point you look for setups. I do realize that piercing levels in the first hour of trading is almost entirely usless. So, I am only entering new positions, and therefore looking for setups between 11-12 Eastern...

Thank you for your replies. My other criteria was that the stock had to be priced under $100. This was due to my starting capital, which is just $2,000 right now. If I want to work on 4-6 positions like I want, the options on stocks >$100 are too expensive to buy either the first in or...

I'm a small time trader, and I will be doing generally two or three options per trade. I have been paper trading for about three weeks, but I'm having a problem picking solid underlyings for my strategy. I am purchasing long puts and calls with a time frame of 2-5 days. Because of this, I...

A trader I know also told me that the MMs start lowering the implied volatility a bit above normal to adjust for the weekend, and then raise it a bit above normal on Monday. Any remaining gap is much less than would be anticipated by a model. I get the idea -- no obvious holes in the market...

If decay begins accelerating the day before the break, is it better to just exit theta decaying positions around 12 EDT Friday, unless a position looks particularly strong? Thanks, Greg

I am a stock trader who is relatively new to trading options. What do options traders thing about holding negative theta options over the weekend? It seems to me that theta decay is quite high for two full days of no trading if you are negative theta, and closing and re-opening positions...

You're right I should have specified. I'm a swing trader of stocks and options, usually with a holding period of 2-12 days. However, I look to be trading intraday futures at a later date. What I'm looking for is generally: Plenty and workable provided indicators, as well as a programming...

As a newbie, I started out roaming around sites like bigcharts.com and yahoo finance before going with NinjaTrader. Now I've been exploring TOS thinkDesktop (which owns NinjaTrader with the exception of a small handful of features), and want to see what the other high-quality charting services...

Agreed. I've been working hard on my trading list. Thanks for your input. Best Regards, Greg

Very interesting. I might try IMs or something since I'll be in college. That way I can still keep all my windows right there. I don't think I'm missing opportunities because of it, but I'd rather put my time to some use while I'm zoning. Maybe I'll browse through sites and find things about...

I do realize that "Options as a Strategic Investment" was written a long time ago (first edition 1986 I believe). But, the newest (fourth edition) is 2002, and there is also "McMillan on Options" which only two editions were written in 1997 and 2004. Any thoughts on these? Thanks, Greg

From the charts I've seen, that seems like a pretty good strategy. My main concern is blue chip earnings impacting other stocks in the sector if it is extremely good or bad. I would imagine this would be very difficult to avoid. I guess I'll start out cautiously, and learn about it from...

Do you take a vacation or break, use smaller lots, adjust your long-term portfolio, trade normally, anything special? Thanks.

For full-time traders, how do you stay focused for the whole trading day? Do you: Listen to music (soft, invigorating) Listen to pit noise or other sounds CNBC Breaks with sound alerts Not need anything Other? I'm into pen spinning and being amused by the bickering on CNBC...

At this point, I think I will likely by the McMillan book and Options Volatility and Pricing, but maybe a description of my questions may help a bit. I've been studying trading for a long time, and feel like I am ready to begin trading in the next two or three months. My questions for...

What is/are the most crucial books to read for an aspiring stock options trader? I have a solid knowledge of basic options including how they work, price fluctuations compared to stock price, spreads, etc. What book/s is a can't-miss before trading? (Option Trader Handbook, Volatility and...

Any platforms or charting systems graph the derivatives of the specified indicator? Thanks for your help

I've personally considered experimenting with candlesticks in different ways for a while, but I hadn't realized that there was one already. Have you used Hekin Ashi, and what is your experience with it? Also, what is your experience before using Heikin Ashi as well as your trading type...