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One thing I left out above is how to choose the option to trade. My thinking to date is to pick options that have a delta the first level below 1. IMO buying options with a delta of 1 or higher (in this case, -1 or lower because they are puts) is a waste of capital, because you get less delta...

More importantly (imho) is the question of why so many people are coming to this board recently asking "what's the best way to get into trading?". Is this the beginning of the rollover from real estate into equities? Or is ET just marketing their site differently somehow? - The New Guy

Yeah, but where to find it? ;) I looked into this story when it first came across my radar, and I was surprised how obvious this situation is (to me anyway, you may come to a different conclusion). I haven't had enough time to follow it, but flytiger does a good job of keeping me on top of...

Thanks, I had a feeling you'd say that. Basically, the modifications I've been making are quite simple. First, for the initial stocktables.com sort I set the "Options" setting to "only" and perform the sort as normal. Usually I have to loosen the RS and EPS settings a bit to accomodate for...

Incidentally I've been getting around this by buying puts for the last couple of months. It's a bit more difficult, because the bid/ask spread on these options is pretty wide to account for their volatility, but it can be done. I played NTRI today for a nice gain, but it takes care and some...

Always does... Thanks, - The New Guy

Nobody even seems to know where that number comes from anyway... at best it's a guess. Let me illustrate how it could be skewed also. I once was planning on starting a business, and I was told that %90 of all small businesses fail in their first year. I registered three seperate business...

But you're doing a lot of things right, imho. Here's some food for thought, you bought your YHOO trade right in the middle of this (the arrow is around where you bought, I believe): I find it very hard to find stocks that are going up in that type of environment, and strictly statistically...

Hey Spyder, just a quick question. What is the earliest you can run those scans? I'm getting different results at different times of the day... Thanks, - The New Guy

This is a great thread (even tho it's a little dated, the concepts were very helpful to me) on tape reading.... http://www.elitetrader.com/vb/showthread.php?s=&threadid=3282 - The New Guy

Yeah, haven't seen much of the original poster, although he did say he doesn't trade everyday or something like that. I wonder if I should sell my 2 contracts? lol - The New Guy

Peet's starting to show some life.... did all you ADD traders lose interest in this already? lol - The New Guy

Very interesting! Thanks, - The New Guy

I am tempted to sell otm futures options... you would not be the first..... http://www.elitetrader.com/vb/showthread.php?s=&threadid=53037 - The New Guy

82% program trading so far today How do you know this? - The New Guy

I'm still following this story, and I still find it very interesting, but I gotta tell you, I'm just not smart enough to decipher some of your posts.... Staci?? Maggio?? - The New Guy

I second that. I've known a lot of traders who flip things while they are waiting for their strategies to kick in. Basically just addiing (hopefully) to the pl daily, but only putting a small % of their bankroll on the line. Out of the few pure scalpers I have known, only one had made...

lol, nice word play. Funny, i've had three cups of coffee and two of tea today, hasn't even produced a mild rally in this stock yet... guess it's still brewin'.... - The New Guy PS I took the stop to mean $.50... waiting to hear from the fearless leader on this one.

Does anyone have a good resource for historic housing data by area? Thanks, - The New Guy

Hopefully anyone who tries to make $100k with $10k in a couple of months understands the risks invovled. Besides, gambling and trading are the same thing, imho, just one has better odds if you set yourself up correctly. Anyway, it can be done, just very unlikely. - The New Guy