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short an otm call/put strike 1) buy a futher otm call/put strike, making it a short spread 2) place a gtc stop loss order to buy at market, covering the naked short call/put if underlying drops below certain price level. which is the better risk control strategy and why?

what brokerage firm/software are you using for scalping? Been doing paper trading scalping using TOS desktop software as discussed in another thread, it just seems limited and no chart less than 1 min.

instead of writing all this useless stuff, why dont you actually tell us what sudden enlightenment you had looking at the numbers.

Man i can just imagine all those who shorted on earning this week but havent covered yet. What a terrible short trap Wonder how many accounts got blown today.

In your mom's bedroom... i know i know...sorry cant resist

I am more interested in his losers, how it went from $52,000 to $4500. You only learn from studying mistakes not winners.

geez already talking about the march cut? give it a rest, go outside, enjoy the sunshine. Worry about the march cut in march...

man how is that possible? dont they all have the big "DEMO" text blasted all over the screen? sorry for ya loss if it's true. ------------------------------------------ I use the below strategy for earning play that's expected to be a mover. Provided this falls into the category of many...

Up 9% today and on strong volume too. Think your "computer models" needs some tweaking. if we can break 5, then it should continue the upward move on momentum. 6 is the real resistence.

the news wasnt that bad...they missed the analyst expectation by 1 cent i think?

oo well, my analysis was correct too bad it broke out the 60 resistence 2 weeks after option expiration :mad: at least got some back from the feb 55 shorts. win some lose some, that's life for ya.

that's for daytrading. I dont agree it's a good idea to stick to a static plan for longer term trades, the market is constantly changing. You sell when the news/indicators tell you to sell and same for buy. Set a stop loss in case your emotion gets in the way or you dont have a good system yet...

etfc is pretty bullish right now, ma10 is about to cross ema20/30 and cmf is moving up. Might cover my short put spread tomorrow if it hit 5, but going to hold the underlying and 2010 calls for a while. Price target 8, my cost basis is 2.3. be interesting to see if any daytraders will...

you guys are confusing me. I thought prop firm is just a place that you open an account with to get leverage and their trading software, so you can trade? Now someone is saying some pay base salary? why would they pay base salary to hire you? I thought the whole point was similar to a...

It's pretty funny, the OP actually correctly predicted the negative housing report today, but what he failed to consider was the twisted way wallstreet thinks: negative housing report = more rate cut chance = rally, therefore negative housing report = rally :D

translation: We dont have any more stupid plans left, you are on your own now to fix the economy.

the stockcharts scanner works perfectly, and no messy setup to hook in your datafeed etc, it's all there out of box. You can even link 1 logical scanner to another to further filter out the results. Performance is very good too. It costs 20 bucks a month to access the advanced version of...

20% is great, congrats!

thank you