Search results

I bet 4:15 ET

I prefer buying. As long as you pick a stock that makes big moves and give yourself enough time it is fairly safe. That is why I like the Q's.

doing some straddles or strangles on the Q's is a good safe way to make that amount. You don't really have to know how to do TA or mess with anything. You just need the Q's to make a good move.

When/if it makes it to 43 I will have some puts I'll gladly sell you :) I can actually see it going to 42 but I am going to be happy with 43. I bought in when it was at 48.

Thanks Vol, all I need is a quick hit on it. I am already on the plus side so I will just plan on not taking a big loss. I only have a few K on this trade anyway.

I don't know how low it will go but I am currently short with Feb 45 puts. I don't look or read about the fundementals but looking at the weekly chart it is about to break out of a bearish flag. Once it breaks out I would love to see it go to about 43 and I'll be out of this trade.

I am not that bearish on it. I just saw a bearish flag forming so I played it. I bought the puts when price was at 48 so I am in the profit side right now on them. If you look at the daily chart the bear flag will breakout at 46 and should go to about 44. I will be out with about 200% on that...

Slightly otm puts. I have the 45's

Now wait a second here. You were going to take family members money to trade and then looking into starting a newsletter. But yet you are still experimenting on your own method. Now I refer you back to the advice Romik gave you. Go out and scrape together your initial grub stake. Don't borrow...

I am short with Feb puts right now.

It is different in the way that your broker will close your trades before it cuts into his money and if it does cut into his money you have already signed a contract saying tha you are responsible to pay it back. Or Guido will come knocking at your door. But I do think it is the best idea...

No you don't need a license but you are still regulated. You can't lie and say you are trading 1000 contracts on the ES when you are trading 2. You can't say you make 100K a day when you might make 100 bucks. That is stuff that will get you in trouble. Make sure you know every detail of the laws...

Thank you JJ. I have been doing some option trades lately. Currently in INTC, WMT and CTX. Don't even have membership to futures charts or broker anymore. Can't say that I miss it but I do miss trading with all the guys. Maybe when I retire I'll be back at it. Since closing my journal I have...

I believe this year Pres Bush signed an article saying that HOA's could not keep a homeowner from flying their flag. My brother lives in a neighborhood that made him take down his flag pole. He printed out the article and took it the next meeting and now he has his flag waving like it should be...

Just make sure to not fudge your numbers or your trading prowess. Just do a search on Franz Shoar to see the outcome. The guys here and elsewhere will catch on if you do and you will have every regulator there is coming down on you. If you suck just say so and move on. If you turn out to be...

Boy you got that right. I know I made a jackass out of myself several times in my journal. But it is a learning process.

Typically I am totally against borrowing for trading purposes BUT given the options laid out here I would agree that it does make better sense to do it this way. Trading OPM is just a no win situation.

Now that is an easy question to answer and hard to do. You ONLY need to show good returns on a fairy substantial for several years in a row. Show you know how to trade consistantly. Then you can start thinking about starting a hedge fund and if you have done things right your brokerage company...

That is like starting a thread titled Don't look at this thread. It would probably get enough views to shut down ET :)

RM, I am the same way. I own my own company and still trade. I love to work and sometimes put 18 - 20 hr days. When I do finally wear down I sleep just fine. Martial Arts kind of helps me also. If nothing else I can just get someone to know me out. Then I know I'll sleep for a while. If...