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Elbow is advocating a longer time frame for Romik to trade, i.e. fewer signals. Shorter time frames will give you more signals but smaller losses (on a given trade) when you are wrong while longer time frames give you fewer signals but larger losses when you are wrong (on a given trade)...

I've been busy lately and haven't done much trading, just lurking. I'm getting back in the saddle again in a small way. Here is what I have now: SPX Diagonals Feb/Mar 1475/1495 calls $1.40 debit Feb/Mar 1365/1385 puts $2.40 debit Feb/Mar 1425/1430 puts $4.70 debit (half size) RUT...

I just took a quick look at this, looks nice, simple and profitable if you don't get too greedy :D. Do you hold these overnight or just day trade this way?

I get a couple calls a month at work (it is still OK to call businesses apparently and I am the owner). I have been pitched gold coins, a penny stock and Ford stock in the last month or so. They always sound like they are in a boiler room for some reason when they call :D.

Were you peeking over my shoulder while I was looking at my chart? :D I was just thinking the same thing. A Feb 1385/1390 mid is at $1.10 as I type this. Might be cutting it a little close there.

Mark, I have a question about your method. If you were to put on a Feb/Mar DD today would you place your short Feb options at 1SD (or whatever your preference is, I'm just pulling a number out of the air) for Jan or for 1SD for Feb? I ask this because you are closing roughly 1 month before...

Over the last few months I have occasionaly looked at putting on a credit double diagonal like you prefer. The way you do them seems to be less vega sensitive and more margin intensive. I'm playing around with one right now in ToS to get more of a feel for what you do. I may do a small one...

As I posted last week, my diagonals went pretty much flat after the VIX crush at expiration again. Seems like I'm spinning my wheels the last few months, market makes a run at my upper end, killing VIX and my profit. Up side is that I am comfortable with it and have been able to manage the...

My DD got crushed with the VIX at the record lows (and I used to think a VIX of 12 was low:)). I pretty much broke even after commissions.

Now that is funny! :D

While Jack has brought up some good points and things I will investigate further that may help me be more profitable I still like Trader28's KISS method.

I missed the huge drop starting around 11:30 because I was pissed I screwed up a trade earlier and lost money. Got to keep those emotions in check and take what the market gives me, not try to force it. :mad:

FYI, I was looking at ER2 only.

My cursory look at flipping direction instead of just getting out has some validity. Need to look at it closer but there might be something there. The big problem is the constant flipping when the market chops, need to recognize this and stay out until the next trend. Easier said than done...

I think all the big traders went home for lunch and stayed there. Must be waiting for the Fed tomorrow.

A 4 point move in the SPX and over a 1pt drop in VIX. Whooooooosh, there goes all the fear again. Not very helpful for my calendars but still up 8% before slippage.

I'm with you, find a simple way to trade and milk it for all it is worth.

You offer some very constructive criticisms/points, helps me to think things through.

First trade Short @ 797.10 10:00am Close @ 794.10 10:03am Second trade Long @ 800.70 11:10am Close @ 803.30 11:40am On the first trade I closed after a steep drop after the 10am report came out (had a good profit and wanted to capture it, figured the market might snap back after...

I had a great day (finally :))! I avoided the chop at the open and waited for a good trend. Made 2 trades before lunch and I am up 5.6pts for the day. I was out part of the afternoon and probably missed a breakeven/small loss trade or two (probably good I was out so I wouldn't ruin such a...