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if those numbers are after commission and you can do that every month of the year then you will beat all the indexes for sure. Pretty good I'd say.

I had the same bad experience in the beginning and I had to stop trading for a few months to figure out what the heck was going on. Basically I was getting screwed because I was paying too much. I was right on the stock but wrong on the option. Also I don't use market orders to initiate...

I recommend Trader Vic , I think somebody else did too. It is a great book. It is written by a guy who does all time frames, from day trading futures to position trading with stocks. Great book and a great section on psychology as well. As far as strategies go, I have no problem with...

It may just be a bear market rally, but it could be one heck of a rally anyway, worth trading on the bull side.

you need to worry about your time premium and your delta. Calls are never cheaper than after a steep drop and never more expensive than after steep rise.

only in the sense that I bought calls today.

I trade options as well, and they have the advantage of limited risk. When you buy an option the most you can lose is your premium. When you buy a futures contract you can lose a whole lot more than what you put down.

at this point it is just a welcome bounce, but there is always a chance it could follow through for several weeks.

I heard there is a pill you can take to increase your size. :)

they won't think the thread is so sad when the naz is 50 pts higher. Well, since they are short, they probably will think it is sad.

I am not a perma-bull by any means, but we are overdue for a rally. All the stocks I would like to short are oversold.

we are due for a rally and it might have already started. I wouldn't want to be short right this minute.

Long QLGC July 40 calls earlier today at 3.50

There will be a tradeable rally and then when CNBC people say that the bear market is over then it will start down again. Just like what happened earlier this year. I heard people in February saying the bear market was over. I also know people that were short after September and got squeezed out...

I like the 1-3 day time frame as well.

there are some factors pointing to a short term bottom and a tradeable rally. I just took a small position in QLGC July 40 calls.

its only that doubling down that I have a problem with, but I've said that before so I won't go there anymore. As far as a bottom, well, I think it is seeking a bottom and it could reverse at any time. Definitely not a time to be going short, good time to be flat with cash ready to go.

a big drop in the ratings for CNBC might signal a bottom.

we could definitely have a rally, especially if Monday is a big blowout "capitulation" down day. Of course I can say that because I am flat right now and glad of it. Remember today was triple witching and may be nothing but noise.

well lets talk about this whole "fading" thing that most people do whether they realize it or not. If you buy a gap down or sell a gap up in the morning you are by definition picking a top or a bottom. We all do it sometimes, even daytraders.