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This is a disaster waiting to happen

Tripping with fear? Ha ha. Like the Ocean, you better fucking fear it and respect it. You have not even been in a canoe and you are going to try to guide an oil tanker. Since fear aint a factor, swing 20 contracts. If you cant make money trading one contract, you will not make it...

the spread will widen and tighten about 1-3 ticks pretty randomly, so if you limit in, you can sometimes pick up the noise.

my favorite contract. also like the emini mid cap

Start with one contract and try to lose as little as possible first thing

This is my favorite option trade. I trade the large index in 1-3 lots on straight directional bets on the Index itself. I do not pay the spread, but instead bid or offer just inside the NBBO and weight for the noice to auto execute against me. For directional swing trading, I like...

Picking a target is junk, at least for me. As IF I could tell how far the move will go. Target. Ha ha. If you can pick target, you can predict the future. Better to do as Nicholas Darvas did, and stay with the trade as long as it is acting right. When it quits acting right, run like a...

Eldrige, I dont have the account size to worry about the whole thing being neutral or not. LOL What is really important to me is working the plan. When I do the QQQ trade, I am putting that on for a very specfic reason, and that was to stay delta neutral, control the risk on the gamma and...

Eldrige, I would hate to present myslef as a guru, but here goes an example. First of all, we have to get rid of the ideal of locking in a loss. Trading IS a losing game. Absolutely. Assume all trades are losers the minute you put them on. Now, try to minimize the loss so you can survive...

Mav said Any ideas on how to scan for candidates? Im sure there is a way. But to really simplify it, I will refer to some of my old reading. There was a book called "Trade the OEX" in which the author really goes through a ton of trades that he did. It has been a long time since...

I'll tell you, I learned the hard way when younger and less experienced. When putting on these types of credit spreads, or doing ANY sort of option trading in which the risk is concentrated (Unlike Mavs thread of spreading the risk around 20+ positions), you HAVE to trade around the core...

Eldrige says: Let's use your example of xyz trading at 100. If you believe this will hold, it seems to me that you could either buy the100 puts and sell the 105 puts for a 2-3 dollar credit; or you could sell the 100 calls and buy the 95 calls for a 2-3 dollar debit. Either way, wouldn't you...

This has the potential to be a really good thread. People may even be able to make real money from it.

Man, no way anyone can make money using this shit

man, there is NO WAY I could make money with that stuff. Tony Crable, yes, the rest no. Maybe I misinterpeted the orginal thought of the thread, which was not the idea of a trend day of moving from low/high at the open to the other extreme at the close. I thought the idea of the thread was...

I doubt it is the ISP, as I was using the ISP to chat with IB guy so he could tell me he cant verify positions. I also used the ISP to watch the price move against my unknown position on another non futures trading platform. I also used the ISP to check on this website to see if there was...

today had it....and p/l reflects it

I can tell by my p/l If it is up it is trendy, if it is down, it is not. My basic trade is breakouts. Whatever the direction. Breaks of pivot points. When they keep falling back into the range and chopping me to pieces, it is a non trendy day. Actually, what I would say is non...

Its not the connection going down, its the not coming back up for ten minutes. I guess if not knowing if a position that I think I just put on and is running against and I cant bring up my trading platform and I got no connection and the IB chat guy says he cant verify positions and I think I...

Perception Deceptions is a Great book. Like a lot of trading books, you may find it hard to make actual money with it, but if you will do the work, you will leave that book with a much much deeper understanding of of options and the myriad of concepts and uses. Best, Mike