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long today EDC: $27.61, UNG: $17.91

not doing what I hoped, out with small loss today

As long as price stays above opening price of 26.84, looks like a nice entry day for a swing. Most prudent would be to wait until about 3:55 pm EST for entry. I am not that prudent today.

I tried Ninja demo once. The price went up, up, up...then it went up some more, and kept going up. Then it went up, up, and up, and up some more. Then it kept going up, and up, and I thought, "This is a joke, not like real market at all." And it isn't.

Earnings should be a big concern. Could go either way, but why not take some profits off?

Whole problem with this thinking is you didn't already apply a 3:1 rule to your w/l % analysis in the first place (you wrote that you didn't). If you didn't, you will most likely get stopped out in live trading so many times (the "1" in the 3:1) that your beautiful 71% will turn into a very sour...

If you know exactly which trade was miscalulated, why don't you share that with us?

I would think it might be smart to try to use the trend direction with tech analysis to add to your decision making with spreads. Or lack of trend (ie, flat price), in the case of iron condors.

I got ripped by a futures brokerage that "stopped me out" with an order that was impossible to get filled (time and sales had showed that the price they used was never touched that day), and all they told me was, "You got stopped out,"--"You got stopped out." This was UNTIL I said I was going...

you want "level two" to simply buy calls and puts level one is even less risky, selling covered calls or cash-secured puts yeah, don't go for higher levels, you might accidentally sell naked options and get into trouble; but I doubt a brokerage would approve you for the higher levels

Thx!

LOL

might touch $10 again

You can use the MACD lines or the histograms, and you can use any oscillator to find divergence. How effective each one is, is a different matter.

A man went for a medical check up. While waiting for the results, the doctor came to him and said, "Mister Smith, I have two pieces of bad news for you." "Yeah?" asked the man. "You have cancer and you have Alzheimer's," said the doctor. "Well, at least I don't have cancer!"

There was a loser who couldn't get a date. He went to a bar and asked a guy how to get a date. The guy said, "It's simple. I just say that I'm a lawyer." So the guy went up to a pretty woman and asked her out. After she said no, he said, "See that guy at the table over there?" "Yeah...

PS, On Friday I paid $1.25 for IBM 195 calls that expire this coming Friday. My GTC limit order is to sell them at $2.50. It's probably going to go 100%, either for me or against me...doubt I will get anything back if the limit order doesn't hit.

Oanda and MB are good. They have no bad record with NFA. Very regulated. Look up some of the other Forex brokerages at NFA's website. Only give your money to the non-dealers; they have zero reason to hunt your stops.

Really good info, thanks.

"If you shoot for the moon you will get at least to the top of the trees." $700 to $1400 to $2800 to $5600 to $11, 200 to $22, 400...like Surfer said, if you could do well your first 5 trades then you can take smaller risks to not blow up you account. It is easy to make 100% in one or two...