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At the risk of being disected by some of the more veteran players on this thread, I'll add my two cents worth. I think it is possible to sell puts and do alright, although I would vary on your strategy above. Rather than selling puts naked I would sell verticals or bull put spreads (check...

Never met a person who lost money taking profits :)

Hey Phil, Glad that trade worked out it was a close one, that was some nice credit you collected. I actually had the 1235/40 Bear Call Spread on and it was white knuckle time for a bit when the index was rallying at 1233 earlier in the week, lol. Enjoy your trip, BTW if your going to be...

sKaLpZ, I think that exactly what 'they' thought as well, from what I remember reading a few months after the attacks is that there was a large number of airline put contracts unclaimed. Obviously the people/terrorists/whoever did not come forward to claim there prize. Generally, the...

Thanks for the list, do you have the mean % value for the list?

That's it...I'm gonna take my Dad's 20 year old Winnebago, park it on a rented lot for $2700/mth and list it with that coldwell banker realtor for $500,000. Exclusive offer for ET members only, mention you seen the ad at ET and I'll throw in a free hibachi barbeque :D

I strongly agree with your last few sentences...everybody's playing musically chairs, music is still playing but as they are dancing to the music, the chairs are disappearing. This is one hell of a bloodbath in the making. To many people are stretched well beyond there means, trying to live a...

I thought this was a good article about credit and culture in America today...makes you wonder what would happen if interest rates began to spike. :eek: http://biz.yahoo.com/brn/050622/16263.html

I tend to agree that the market looks a little toppy, but...a few things that change my mind real quick are; the S&P is only about 15 points off it's high, if it takes out 1230 it's going higher. Another thing is that it did seem to rally strong from mid May to present and blew threw the 1190...

...Open an IBC (International business corp) preferably offshore, once complete you'll have an international, private entity that can open a trading account anywhere on the planet with any firm. As an added "kicker" you will not pay any tax on the gains you make as the company is domiciled...

Found 12 items, but can't figure out the part with the dancing guy in movie...gave up on it mainly because I don't think I will be one of the (less than) 4000 in the world who can finish it. :( What is the last part anyway?

Staying with the topic of IQ and trading, Marilyn vos Savant, is touted as having the higest IQ on record, 228. Also she was involved with investing (to what extent I don't know) before her journalist career. It would be interesting to see if she had 'genuis' level performance with her...

They must have lowered their commissions since this last post...they are offering $8 plus $.75 a contract with the ispreadpro. Anyone using Fidelity for option spread trades? How are the fills? This pricing def looks enticing.

Hi Phil, nice looking journal good to see someone doing a journal on option spreads....I have a couple of questions... Do you spread trade the SPX exclusively or other indicies as well? (ie; OEX,CME) Finally, what is your opinion on ThinkorSwim as an spread trading broker? Thnks.

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Thomas, how do you (or anyone) follow all the signals, I took a look at their track record and it would be virtually impossible to handle all those trades with any degree of accuracy. Some days looks like a 50 round trip trades! And do those results factor commission/slippage? :confused:

I think most people, honestly are just plain old jealous. Most times when I tell people what I do, I just say I make my living off the internet, which is not a lie. I not only trade but also have an ecommerce site. When people ask my occupation and I tell them, they sometimes get a funny look...

Just wondering if anyone has the results for Feb?

Have you tried backtesting your system? Check the results on that or papertrade it for a minimum of 3-6 months before putting your investment capital at work. Also the win/loss ratio is a bit on the low side but if you average winner is higher than the average loser that's a positive. Do...

IMO the U.S. housing market is way overbought, speculators are buying houses blind 'knowing' that they'll turn a quick profit and people have been doing it for a while. Sounds like a lot of people will be holding the bag when int rates go up, which they invariably always will. Anyone that...