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Somebody was talking to me about A.J. Brown having a webinair on straddle trading. I was looking up his last comments on the web, dated about a year and a half ago. Think I'll skip his webinair. He had a strong sales pitch about trading a long option, and if you made it during the day...

traderlux A J bROWN? Now that is interesting. Is that TOS? Not even sure how you get on to the webinair thingy. He was the guy used the debit spread and the straight bet, in a straddle configuration, if I remember rightly, which nobody I ever met, could make work?

Just accidentally run into this query from Put Master I'm trying to remember when I started with cash. Think it was beginning of the year. So, I'm down 30%. For the last two months I've moved into TOS paper money until I can get something working again. My account is down from $10,000...

The win loss ratio on debit spreads for the IWM. 1 loss breaks even with 3 profitable trades. Wipes them out. To win, the win loss ratio has to be four to one. I was kinda thinking to enter the IWM with two debit spreads. But after going over this win loss ratio, I think it would be only...

Well I lost on my CALENDAR experiment. So, don't trade calendars ( grin ) Having spent the last few months dancing around stocks, earnings reports, indexes and such. I think I'm going to revert back to indexes. I'm not sure of the relationship between the QQQ and IWM, but they trade...

Looks like my two Calendars in IYT and SPY are both going to lose money. Disappointing that! I thought I had them figured, but apparently not. Chuck the CALENDAR trading then. A losing QQQ PUT trade is going to expire today too. Looks like things revert to debit spreads, far out in...

IWM made + $300 in paper money. I finally learned that the TOS PAPER MONEY ( PROFIT LOSS column in the MONITOR section0, has to have the initial debit it cost to put on a debit spread, plus the cost of commissions ( .20 cents ) deducted from the profit it shows. To give you an actual profit...

Agreed! But a straight buy is subject to time decay losses. So people spread, so they can sit it out, if their guess is wrong. Removing some of the profit but also some of the risk. I can't remember now, but vaguely recollect that in a method of letting profits run, and cutting losses...

I'm thinking when the VIX is reading below 19, it is a good time to trade calendars?

Paper trading all, in TOS paper money. EEM 10 Nov PUTS @ .20 cents 40/39.50 TLM 1 Sept PUT 12/11 @ .35 cents QQQ 1 Sept 64 PUT @ $1.49 straight IWM 10 Oct. 80/81 Calls @ .50 cents ETP 1 AUG CALL 47.50/50 IYT 2 CALENDAR CALLS AUG/SEPT 90/90 @ 1.55 SPY 2 CALENDAR CALLS AUG/SEPT...

Well I'm cashed out ( paper trading ) of APA, DVN, CSCO,TWC UPL. Only thing I'm still holding in the August months is an ETP Call debit spread. That one will have to expire tomorrow and I'll watch what happens to it. CURRENTLY holding: TLM Sept PUT 12/11 at .35 cents cost QQQ Sept PUT...

Aaaah well! Sorry about that. As a beginner learning, my vocabulary may be found wanting. Yes the debit spread is one you buy with a debit to your account. A credit spread is one you Sell one side that is more expensive and end up with a credit to your account. The way this novice...

Nice opinions and they run the gamut of different degrees of experience. I accidently got into ETF's and have been looking them up. Other than the major ones. The biggest problem I find is that the cycle in a week is not really more than one strike. So one would have to trade for a...

Appreciate your viewpoint. I have done it both ways many times. That's how come I'm down 30% on my portfolio. I'll just get comfortable with the debit spread and the TOS platform before I start with cash again. Point taken the cash results are not realistic. Already know that. But am...

Pondering that IWM debit spread. I think the MONITOR page in TOS will only show as high as .50 cents profit for that spread, as they probably have deducted the .50 cents cost already? Which means my sell order would be around .48 cents I theeenk? Just have to watch it as it goes along over...

Well this novice contacted TOS help. Their answer was not clear enough for this dumb bunny. But I've been figuring it out this Monday morning on reading the Monitor page in TOS platform. At any rate, I had not been putting enough information on my worksheet to go back afterwards and try...

Didn't follow the before commentary, other than I'm stupid. With which I agree. Anybody losing 30% of his account has to be stupid. Which I am. I have a saving grace for the dirty unwashed masses though. It is called stubborness, yet to be proved, it might eventually work. ( grin )

I've got a bit of trouble reaing and understanding my MONITOR page in TOS? There are three columns on the monitor page for all trades that are open. One is lable p/l Day and I get that. It more or less is covering the profit since the open for the day. p/l OPEN I'm not too sure...

PAAAH! Ughhhh! Had a .23 cent profit net on APA, but before I could figure out my order entries, it went south and ended up only with .08 cents net profit, in the debit spread. Sheesh! Since I've been fiddling with my TIMING, think I'm going to try my luck with straight buying, of puts...

Kind of made a mistake yesterday afternoon. Did a debit spread in puts on TLM without checking the earnings date. Turned out it was today before the opening. Just checked and there has been hardly any movement in price, so guess that trade is going to go okay? I hope?