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Widen your strikes. Close the spread when the remaining unearned credit does not justify the risk. Example: spread is worth $.10 and there's 7 days to expiration. Some guys swear by closing when you earn 50% of the premium. To each his own, just always make sure the juice is worth the squeeze.

Pigs get fat, hogs get slaughtered.

Everybody's a GD stock-picking genius when the market goes only one direction. Stress free you say... LOL! I want to meet the person that's going all in like they were this afternoon. The brain case has got to be completely empty. #gamblersanonymous

N/M!!!!!!!!!!!!!!!!

*bump*

If you've been in a bullpen or shared trading desk at one time and then are now alone, you'll know what we're talking about. There's just something healthy about being able to turn to your buddy when something goes wrong and exclaiming, "MOTHERF@#%3R!" Cursing at your dog, the screen, or a...

I too am looking for a little voice interaction. This Fortress of Solitude day after day business is for the birds. I trade options, futures, and forex.

Would you be so kind as to give a man an example? Would this be like buying puts and selling Bear Call spreads to lower cost basis (or perhaps Bear Put spreads)? Perhaps there's a link that describes the philosophy? Thanks!

That sounds a lot like gambling bro. Gamblers don't last in this business. ;)

I think shortening your time frame when you suspect the market is starting to turn over is a good idea. Definitely keep the majority of your trading account in cash. If you do naked options, adding some cheap wings on the bottom would be helpful. Once we get a decent drop (3%+), I'm going to...

Would love some feedback from all the experts on this one...

Keep paper trading until you are consistently profitable. Putting "skin in the game" does not make a bad strategy or poor trading behavior better; all you're going to do is get poorer.

I think everybody believes the market is headed for a period of higher volatility. Selling straddles in low vol markets that are transitioning into high vol is going to test your mettle. You familiar with inverted strangles?

Holding a single naked leg going into earnings seems like it may be beyond your pay grade as an admitted newbie. A slightly less risky proposition would be to short both sides as then you'd only lose one way and could roll up the untested side. Either way, a massive amount of the tiny premium...

Not too quiet today. I got long this morning and longer even still at the bottom of the mini-crash. What an impressive rally. Lots of hope left. My Nov,17 short strike is 50 points away after that bounce. The big drop is coming - sooner rather than later I think. I'm trying to figure out a...

Position sizes? Money management is out the window on this challenge?

Any professional or amateur traders in the Wichita, Kansas area in here? We have a group and we meet twice a month at a local brewery. This is a lonely business and few people in the world speak our language. We've been having a lot of fun... and drinking some fine brew too.

"This is not to say 50 Cent is rolling in the dough. That prolonged period of calm leading up to Thursday's fireworks has still drained the volatility enthusiast's wallet to the tune of a $150 million loss year-to-date." Most important point to take from the entire article: betting on...

Looked like a genius after today. I'm sure that won't last. :)

https://www.fool.com/investing/general/2014/11/18/why-goldman-sachs-is-one-of-the-biggest-warren-buf.aspx Buffet buying when others are afraid. He bought into a company that if it had gone broke, the rest of his assets wouldn't have mattered much either. I think he's mentioned that more than...