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Go to Las Vegas and pull those $100 handles on special slot machines. Don't forget to ask for free drinks. It should all work out with a happy ending.

Try keeping all your positons to be one standard deviation away from the price.

Nothing is easy in Options trading. Its one of the most toughest professional involvements for a person constantly risking lots of margin. Never for a moment say you can make 5-10% easily, cause you don't. You have to put up 95-90% of your own money as collateral to make that.

Look at Mike Tyson, he made a lot of money using his hands, but because he could not use his head, he lost it all again, and actually ended up in prison. Always think about what you do, and if you are not 1000% sure that you know exactly what you are doing, then odds are you will end up like...

RUT is more volatile than SPX.

Bottom line we have established reasonably with few people willing to share that making money in options is a tough windy road and those who know well can make lots of money. Sooner or later you will be exposed to losses, key is to minimize them, and preserve your trading capital for another...

. "I assumed you don’t understand risk because of the following comment from you; The above was in response to an observation from another poster regarding the effect of a 3 sigma event. If you don’t understand what a 3 sigma event is then you don’t understand risk." I deal with...

Luck has nothing to do what I do. Why do you assume I don't understand risk? Today was a 200 drop in the markets right near the close. All my positions were under threats by a market moving down step by step in the morning. Was I lucky to re-arrange my positions and beforehand and stay on top...

Thanks, I see there are lot of jerks here, I am new to this place. I am getting this " unfriendly" and " hostile" vibes all over. People are simply jealous of ther people, specially successful people.

You should be paying more attention to SPX charts and how it broke the trendlines and almost touching 200 day moving average, rather than look at the DOW charts and act like a market Technician. Good Luck with that.

But alas...eventually a couple stocks gap hard against you, or the market makes a sudden jolt...and all those months of hard work go up in flames in 48 hours and you're trading account is filled with a bunch of stock that you never really wanted and you're peeing in your pants and you have a...

If you can trade the underlying, just trade the damn underlying. If you can't do that successfully, then nobody has any right trading options and they'll just get their ass handed to them when they least expect it. A crappy way to make a living. [/B] Trading the underlying required...

You last sentence is quite amusing BTW, I chuckle and say nothing more.

Risk depends on your strategy and market conditions and the underlying. Where did you get that 10: 1 ratio? Is than some standard type of pipe fitting that you have to buy at the local hardware store?

There is nothing hypothetical in what I posted. You either believe it or move on, no place to throw in punches and barbs and make yourself a fool. People are making lots of money in options, but the majority loses a lot. I hope you don't belong to the latter group.

Keep throwing in that traders lingo and abbreviations, pretty soon we won't understand you at all.

Yes its worth it. These market corrections were long overdue. Knew what was coming, planned ahead and executed some trades that will keep our heads above water. Making 5-10% consistent returns a month you call that pennies? I hope that is what you meant despite the stupid typo I see.

I have been in the Options business when Wade Cook started giving his seminars. Lost lots of money in 1996, 1997 on his crazy Win system. Now Wade Cook is gone and facing IRS and possoble jail time. Those were the days when stock commissions were still $100 roundtrip and no Internet! So your...

I have been in the Options business when Wade Cook started giving his seminars. Lost lots of money in 1996, 1997 on his crazy Win system. Now Wade Cook is gone and facing IRS and possoble jail time. Those were the days when stock commissions were still $100 roundtrip and no Internet! So your...