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I don't know the true answer. However, to me it makes intuitive sense that longer-dated contracts would be more expensive because you have to pay someone to store the product for a longer period of time (think renting out a storage locker). If the shorter-dated contracts are more expensive...

Now you're getting at the reason I started this thread. Is there a best way to handle this? For starters, what about selling one contract every day?

What do you mean by position sizing?

We're getting off-topic here. I specifically wanted discussion here about the system development methodology. Please go back to my last post. I left a big piece out in the hopes that you would give your opinions about it. Thanks!

Consider this more of an academic exercise about trading system development than anything else for now. If the results look good then I'll think about viability. RedDuke and ironchef--I have option analytics software that gives me backtesting data to 2001. Handle123--requirements are...

I want to backtest naked puts. First I want to gather trade statistics to see if it seems viable for me. In this phase I do not want to apply any position sizing algorithm. What is the best way to do this? Thanks! Mark

This is new: http://www.sec.gov/news/pressrelease/2016-98.html

Here's another point that has probably been debated ad nauseum: closing the position is a great suggestion in retrospect. If I were just to close my position every time X happened [e.g. a break below the lower BB, a moving average (crossover), a feeling of impending doom or not being able to...

I agree that edge has something to do with it... especially when it comes to discretionary trading (the "edge" might be short-lived and/or illusory). Even when it comes to system trading, curve-fitting can produce a lot of illusory edge. I also think one of the major culprits of trading...

Hi all, I am looking for someone with whom to develop a futures (e.g. TF, CL, GC, 6E) day trading approach. I'm a full-time position trader for my own account and I would like to diversify my time frame. I have some ideas to get us started. Our work can be done over the phone and on-line...

Did you do anything (in his view) to warrant being banned?

Earlier in this thread, someone (Pekalo?) solved the mystery of who Karen the Supertrader is. I was able to find links on-line. See if you can find it too and if that satisfies your curiosity. I agree with what you said about Tom Sosnoff's credibility. One thing I would ask is whether this...

Color me impressed! Travis Johnson (a.k.a. Stock Gumshoe) would most certainly be proud.

Do the return calculations seem legit? If she starts out with 50% allocation and only increases when she starts considering Mexico as a lifetime getaway, then can she really make 30% on the whole account over a 9-month period? If she survived 2008 then could she truly have started with a 50%...

Back on p.1 of this thread, Pekelo recounted her claim to have made 50% in 2008. How does that sound?

I think you make some solid points, Jeff. Simplicity may be the key (although I would question what happens when the system stops working, as systems are sometimes known to do). Personally, "analysis paralysis" has been one of my biggest struggles as a trader. Another other side of the...

See my previous post in response to unclebond555. You don't know if her alleged returns are authentic. You also don't know Tom Sosnoff's net worth. I'd encourage you to watch a few episodes of _American Greed_ to see how believers get duped all too often. If this is a carbon copy of...

I totally agree. It's a great story. It's like "porn for traders." Most of us (including myself) could only dream of making $105M selling naked strangles. The presentation makes it sound easy and makes it sound like one (seemingly, as described in my last post) doesn't have to be overly...

Down to earth or downright ignorant? My weakest reason for suspecting the whole story is just because she hardly seems fluent in her communication or an expert with regard to options trading. I say this is a weak reason because maybe she is shy, maybe she has "stagefright" (she is on camera...

Don't give yourself too much credit, unclebond555. The only way you will ever know that returns aren't fake is by scrutinizing authentic brokerage records. It's almost impossible to make that happen unless they belong to somebody you know. I think this is what makes Wall Street fraud so...