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  1. GuerrillaTrading

    dumb covered call question. Sell calls or buy shares first?

    Yep, if you're not doing it on one ticket (buy write) than you want to own stock first. Covered calls work great on a stock that you may already be profitable on and you want to sell and take profits. Instead of selling stock outright in the market you can sell a call and get paid to get rid of...
  2. GuerrillaTrading

    Who is my Counter Party when entering a Credit Spread?

    I don't think you should stress too much about mechanics but rather whether you are on the right side of the trade.
  3. GuerrillaTrading

    is this a legit trading strategy?

    I second that!
  4. GuerrillaTrading

    demo and live difference

    On a demo, even though it's live data, your fills are from the application and not the exchange so when you go live it feels a little different... another thing is there are no consequences to trading on a demo so when you go live and real money is on the line emotions come into play big time...
  5. GuerrillaTrading

    Price action , support resistance does not work in ES

    Because the ES was fungible with the big contract, back in the day many floor traders traded ES. That contract has been around for a long time and and has always had plenty of liquidity before any marketing or low margins. Liquidity mattered back then... Cut throat competition amongst newly...
  6. GuerrillaTrading

    What moves the market on daily basis

    I would add psychology. You're not the one making or losing money, the Market is paying you or taking your money for the decisions you make. The market is always right. It is your job to align your self to the market and trade on the right side of it, so the daily factors don't really matter so...
  7. GuerrillaTrading

    AMP Global Europe-Motivewave possible

    CQG integrated with Metatrader
  8. GuerrillaTrading

    Call options buying

    Long options (calls and puts) gives you the right, not the obligation to either own the shares or to sell your shares. Sellers (shorts) have the obligation. But most options traded are for speculation with no intention to exercise.
  9. GuerrillaTrading

    AMP Global Europe-Motivewave possible

    You can use Stereo Trader as a sub platform for MT5 which gives you a few more options. Don't believe MW is available for AMP Global EU
  10. GuerrillaTrading

    Fibonacci levels for intraday trading

    I have been charting for a while and on 80 - 90% of the charts that I used Fib on, price action and volume has confirmed those levels at some point in the future as very active supply and demand levels either thru breakout, reversal or bottoming... just saying.
  11. GuerrillaTrading

    AMZN chart and thoughts

    A breakout maybe happening out of the wedge pattern and with a catalyst coming up, I too expect a nice pop
  12. GuerrillaTrading

    Your trading strategy for Futures

    I bracket market and trade direction of breakout. I'd like to trade what the market is giving me and not what I think it's suppose to do.
  13. GuerrillaTrading

    Best free Platform with AMP

    AMP also offers Metatrader which maybe compatible with mac
  14. GuerrillaTrading

    Newbie option question

    Picking a strike price has also something to do with time frame. If you're looking for a quick play than an ITM option may be a good choice but, if you're looking at couple of months out than a near OTM option may be the better choice.
  15. GuerrillaTrading

    Bitcoin

    I thought it was the blockchain technology behind bitcoin that's valuable
  16. GuerrillaTrading

    Stop and Reverse Traders

    I also like bracketing the market. I try to stay out of reversals and wait for the next setup, start clean.
  17. GuerrillaTrading

    confusing chart

    definitely an interesting level to watch and see how price action goes, sitting on the longterm trendline... looks like maybe a 6 month head an shoulders pattern also developing... in my opinion.
  18. GuerrillaTrading

    Is GLD (gold) is a good level to buy now ? Any thought on USO ?

    Gold maybe on the verge of a breakout. Bounce off of support with momentum. Would like to see it break 1918 level.
  19. GuerrillaTrading

    What's rules do you follow to keep the discipline in check?

    I think first you have to get better at self-discipline by knowing your weaknesses, keeping it simple and having clear goals and an execution plan and doing it over and over...
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