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Hey Lasner What exactly do you mean by trading assistant? Are you talking on or off the floor? In what capacity (futures, options, equities)? Regardless your best bet is to just start knocking down doors until someone is willing to talk to you. Call up every trading firm and clearing...

No formal schooling is really needed to be successful at trading. However being able to read people and add, subtract, multiply and divide large numbers in your head rather quickly doesn't hurt!

Sadly I got out of my cattle puts for a scratch. I seen them starting to pop and called the floor to pull the bid but to late lol! Got out of all my bean put spreads at .68 for near $1500 profit per contract! Only thing I have left is my short auggie hogs at 78.5 if we can break today's...

Nice short in sugar man! I never thought it would of fell this far! I don't know if I told you guys or not but I got out of all my 175 coffee calls at .25 for a profit of .95 per contract! Also got out of my lumber at 248.5 for an $1,100 per contract gain! All I have left is a few...

Thanks man! I appreciate the compliment! Whatever you can share about the options market would be great man. I am actually thinking about opening up a stock options account (TOS maybe?) and start trading stock options as they are all primarily electronically traded so I think I could gain...

It is entirely possible to start with an account worth a few k and turn it into multiple k with the futures markets. I myself started with 3k 2 years ago and am well over that now. They key is to place your trades very very carefully. Think of it as a punch card and you only get so many...

ammo Thanks for the advice. Im a total newbie at options lol! So are you saying this only works out with a few days left till exp? Could you provide an example? Are you basically talking about putting on an iron butterfly? Also could you further explain about how open interest will...

Im not going to talk about the coffee calls because they are damn near worthless and I am just going to try to buy them back for nothing. Nothing was done on the sugar straddle but if sugar can pop im deffinantly willing to sell that straddle. I did manage to sell those aug 97 cattle puts...

Well I have some time so I figured I would update you guys on what I have on. Like I said I am long 15/14 sep put spreads from .39 in beans. What can I say about the bean market? We have extremely tight stocks in old crop beans but at the same time we are starting to see signs of demand...

Trying to sell some aug 97 puts in cattle today for 1.00 Cattle has absolutely plummeted due to slow cash and poor boxed beef prices......however I think that hardly jusifies a 9 dollar drop in cattle. Good support at 97 and with only 14 days left till exp I really like this trade but don't...

lol far from that! Actually to be honest my trading is taking on much bigger size over the past month or so and I just don't have much time to post on the journal anymore. I come home from trading each day and am absolutely drained. However I miss keeping this journal up to date so I tried to...

Dumped my 1x2 ratio spread in oct sugar options for a nice .50 gain per spread. Still short my nov lumber contracts from 256 Offering 1.25 on some sep 13.00 sugar straddles. Nice breakeven points on this spread if I can get it done. 21 days till exp. Also trying to get out of my short...

I see sugar and oj chopping with vol declining soon. Both markets don't really have much going for them and look like they have found a range to trade in. Im still long my 12/14 1x2 in oct sugar options Want to put on a ratio call spread in sep oj as well but am debating on if that little...

I believe nymex is roughly 90% electronic in futures.......which has been pretty constant with most exchanges for the last few years. Options are almost 100% pit traded I think

By the way when those aug 175 coffee calls expired friday.....total profit was $1500 on that trade if anybody is curious

Well I believe on Thursday I sold 2 sep 175 calls for 1.20 Only around 25 days till exp on these calls and coffee is not going to break new highs with the huge brazil harvest, etc. Still have my 12/14 1x2 in oct sugar options. This spread is working nicely......vol is coming down in oct...

optioncoach Very good answer, however what if we are talking about options in just 1 month? Then isn't basically every strategy based on the above base strategies? Thanks

sorry not sure what you mean

Well nothing really happened today in options........im still laughing at the fact that I made $5,000 on one hog trade that lasted 3 days and my hold time is a lot longer in these options trades and its usually for a fraction of the profit lol!!!!! However anybody that knows me knows that I am...

Thanks bud.....have been really busy and haven't been keeping up with your journal. How have you been doing? Hope your making a killing man! Your 18 and trading so no matter how well you do I have a ton of respect for you (there aren't many of us around).