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Thanks for posting this, @qlai . Don't know how involved I'll get, but I've been interested in futures for quite a while, and this just might be a decent intro. Signed up.

Nice recent bit of analysis from spintwig that's pertinent to my approach. Good to have some numbers to go with my intuition. Suppose we open a 10-delta 44-DTE short put on SPY with a strike of 262.5 and collect $0.97. We have $26,250 at risk for 44 days. Assuming we hold till expiration we...

9/3/2019 STO IWM 190906P144.5 $0.80 9/3/2019 BTC IWM 190906P144.5 -$0.60 $20.00 9/3/2019 STO IWM 190906P144.5 $0.81 9/3/2019 BTC IWM 190906P144.5 -$0.69 $12.00 9/3/2019 STO SMH 190906P110 $0.70 9/3/2019 BTC SMH 190906P110 -$0.60 $10.00 9/4/2019 STO QQQ 190913P181 -$0.80 $45.00 9/4/2019 BTC QQQ...

I hear ya. But... same principle applies, even though it's a bit tougher on the heart and the wallet. You can't let that shit own you. Woo! I was going to build a BR - I'm a welder, and really like steel as long as it's properly prepped (which damn near nobody does these days...), but ended up...

Come on, man; don't let that crap grab you by the short ones. Seriously: holding on to that embarrassment is giving in to the nonsense that says you're always supposed to win. No, what you're supposed to be is a trader. And we traders lose. Sometimes we lose a lot. If we don't, we never get to...

As @Robert Morse points out, the long straddle can be used to express a view on an increase in volatility. But you should consider that whatever event you think should result in it has most likely been already priced in (which is why those long straddles are so expensive.) In other words, your...

9/3/2019 IWM 190906P144.5 $0.80cr 9/3/2019 IWM 190906P144.5 -$0.60db $20.00 9/3/2019 IWM 190906P144.5 $0.81cr 9/3/2019 IWM 190906P144.5 -$0.69db $12.00 9/3/2019 SMH 190906P110 $0.70cr 9/3/2019 SMH 190906P110 -$0.60db $10.00 Trying something a little different here. Since I'm a) generally...

Nicely done. And even easier to parse - #!/usr/bin/perl -w use LWP::UserAgent; my $sym = $ARGV[0] || "AAPL"; # Default if no symbol is specified on the commandline my $ua = LWP::UserAgent->new; my $res = $ua->request(HTTP::Request->new(GET =>...

Might as well get it from Zacks directly (which NASDAQ pulls from.) #!/usr/bin/perl use warnings; use strict; use LWP::UserAgent; my $symbol = pop; $symbol ||= "AAPL"; # Default if no symbol is specified on the commandline my $url = "https://www.zacks.com/stock/quote/$symbol"; my...

I'd actually like to see that graph. Also, which simulator are you using?

Assuming you're not being snarky, you're welcome. I think of it far more as "sharing what I've learned" than "coaching"; to me, that's the main purpose of forums like this one. Big fan of cooperative synergy, here.

+100 on this. The view and the plan are the most important by far; the technique used to trade that plan and view must be chosen to suit them, not the other way around. One could. But not very well - in large part, due to your first point. How can you take advantage of your view on the market...

Verb. sap., as they used to say in the old days - and again, greatly appreciated. I've got just enough of a clue at this point for that hint to be useful, and will definitely focus my efforts in that direction. Still have to figure out the nuts and bolts of building a vol surface model - a...

Wise attitude. You should remain cautious. A fairly good argument can be made in favor of options being safer to trade than stocks, but I'm not going to get into that now. However, I will suggest some rules for a beginner of the "if I could talk to myself a year ago" sort, and I would slap my...

I've never found a useful method for establishing a directional view. Tried FA, trend following, lots of TA stuff... the only thing I came away with is a conviction that everything I've seen in that regard is voodoo taught by charlatans who use complex excuses for why it fails, and trumpet their...

Thanks, @marameo - that's good material.

Welcome to the jungle, @ironchef - I'm at the same place as you are. The light at the end of the tunnel is that practice plus intelligence result in efficiency... or it could just be the oncoming train. I guess we'll find out! You may be taking the numbers too seriously. Seriously. Also...

Thanks for stopping by, @expiated. I'm pretty much an amateur at options, although I've spent the last half a year or so in highly focused, full-time study of them, and this journal is a record of my experimentation with them rather than something to be followed as a trading bible. I'm certain...

Do you happen to have a link to this website? I'm trying to cobble something together right now, and it would be really nice to have a reference for comparison.

Yep. Lots of good insight from folks that have been there. You have to hold back on the "oh, that was back then, not really applicable now" judgmental bits as you read it; I got a lot out of the wide selection of different perspectives in it.