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You need an options education. Options are the only place that the newb and/or small timer stands a chance (and no it does not involve buying far OTM strikes for .05)

I started out trading this in May with a 44 Call Calendar spread out to SEP. When my short 44 for May melted away I just went "diagonal" and sold the May 40 instead, then when that melted away, sold the Jun 40. In between there I made a little 2 day bearish swing trade with a put to make a...

Their indicator shows up on their charts on their website so it doesn't feed into any package. Might be useful for guys who just have a Fidelity account which has limited charts but is its useful to keep a brokerage there if you have your 401K, employer stock purchase program, etc etc etc...

The difference is that this does not cost $3 grand, its a simple system probably built around moving average and stochastics. There is no front running with it because it does not recommend any stocks. It just produces signals on 4000 products. Sorry, Charlie, I don't have the capacity to...

There are no preselected picks. Its just charts with a proprietary indicator. The power of the service is that the newb can just stick with one technical analysis system a little more easily and then build from there to focus on entry, money management, confidence building etc .....

They're running about $50 a month and I'm giving it a shot as far as a free trial. Their system is best for swing trading which is what I am looking for.

Well then I vote for these guys: goldman sachs, morgan stanley, citigroup Throw PG into the mix, their ex CEO slam dunked Obama pretty hard: http://www.whatdoesitmean.com/index1369.htm

So you'll love a robot buying back a short option @ market and selling a long option @ .01 at huge loss in the middle of a market crash on a spread really worth 5.00 ? What's to love about that? Again, this is more evidence that neither IB nor ther clients like Cdntrader know what a option...

Seems to me plenty of semi-pro and amateurs may have made good money in this .. I mena, the market was NEVER bullish that day. The buying in the bond market 6 hours prior was pretty heavy. I called out a slide to s2 on the Pivot and was met with guffaw's on my broker's chat room. So there...

These strategie are too similar. Take a look at calender spreads, verticals (debit and credit) In a bear market , covered calls might be a disaster just make sure your stock is going up . There should always be a decent chance of getting called out and you should be happy about that...

One theory: Obama attack on PG that sorta backfired. http://www.whatdoesitmean.com/index1369.htm

Time to change your moniker to not-so noob trader .

ZD - Even so, that spread was a profitable one. Why would IB wipe out their customer like that? If the spread was now worth $5.00 ($500 per contract .. why not just liquidate the whole spread and take that customer's profitable positon to pay for his unprofitable ones? Why make the...

Thank you Delta. Nothing wrong with selling a put here and there on something you want to and can afford to own all that stock AT THAT STRIKE!!! I can understand the sentiment to not wanting to wade through books. Perhaps check out the free education over at www.cboe.com. I paid for...

As a long time ToS user I can tell you for a fact that TOS papermoney fills are VERRRRRY generous. It is free software to give you the look and feel, to train you where the buttons are and it is not designed for $5 million accounts exploiting $ 0.01 statistical arbitrage from the aft deck of...

Thank you .. this is the options forum but most of the chit chat seems to not be able to digest the basics of what a spread is. It is obvious that IB does not recgnize what a spread is: a single, off-setting entity, designed to define risk at the cost of limiting upside as compared to a...

Hmmm.. short vega when the ViX has been in the teens for months ... maybe not so much an amatuer issue as "need some options education issue" I'm a total amateur with no money to speak of but I have long-do-dong VEGA for a month now (for obvious reasons) The great thing about being on the...

Maybe the 114 put was excercised, leaving the account underwater, then the auto program started firing off market orders when there was no market.

Oh this is Ben Lichtenstein all right, when he calls he uses like an auctioneers voice. Then when he talks he has his normal voice ... when you listen this, this is one guy! You need the thinkorswim desktop application and a funded account. He's not on the papermoney application. Just go...

Ben does this everyday and is available for free in thinkorswim ....err Thursday was just a little bit more than usual.