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Yeah, I know. I've been using them for my stop loss orders. Wasn't sure if there would necessarily be an advantage setting trailstops based on the underlying. I thought that with trailstops on the ask price, I could calculate how much of my profit I'd stand to lose.

I was lulled into a false sense of security by that previous trailstop (on a similar volume stock) that worked out perfectly. What would you have done in my position? Should I close all my open positions if I know that for a whole week, I won't have access to my account during trading hours?

Not sure what happened there. Bought my SM call for 7.70. Bid was 9.10 at the close on Friday. Changed my stop loss order to a 20 cent trailstop and got home to disover my call had been sold for 8.10. ??

My exit strategy was to look for signs of weakness, then either sell or set a fairly tight trailstop. P/L target was 2:1 (as % of equity) I've achieved my 2% equity gain, but, assuming the stock was only pulled down on Friday as a result of a drop in the wider market, then the stock has...

So is that why my SM May 35 call went up yesterday?... I bought this on Friday 13th. Stock went up > 2 points and my call was unchanged. Yet on friday, the stock fell 1 point and I suddenly had a 2% equity gain. Bizarre! Coudn't understand it. Should I assume that the drop came...

Need to widen my horizons. Snap out of tunnel vision. Start looking at the broad indices.

Stopped in my tracks yet again. De ja vu. AOC slid through the support zone, sliced through the 50 SMA (for the first time since May), and settled on the next highest support. Stung twice by this stock now, for a running total of -2.5%. Account -6%. My SM MAY 35 call has been...

How would these be for bearish plays? UNH PLCM GRA HCC And for the stout of heart, ABX GOLD Or do they have rookie setup written all over them? :D

This is how I read MO: Double top, long red candle closing on support, resistance at ~77, only halfway into natural cycle. Could someone explain what I'm missing...

I live in London. For what it's worth, a friend of mine just bought a miniscule one-bedroom, third-floor conversion flat near Chelsea. £400,000. That's what, roughtly $700,000? Isn't that just insane?! And a typical 3-bedroom house in the suburbs is approaching the £1MM mark...

Hmm, if I wait until INFY is over 75 and place my stop below 72, how can I avoid violating my 1% rule?

FCS shot up almost 2 points on earnings news, obliterating everything in it's path; resistance, channel lines, my stop... stumbled out of that with a 2% capital loss. HYSL - which I'd inadvertently bought a 150-share option contract for, not realising that 33.375 was a slightly unusual strike...

Forgetting credit spreads for the time being.... Purely directional play, INFY and GME, fading the gap, how would you play this?

What exactly is pin risk?

Everything makes sense, in a deflating way ;-) As far as S/R levels go, would you use candle charts or line charts? I'm inclined to think they would be more robust with line charts, but candle charts seem to offer definite S/R levels that would be impossible to infer otherwise I've...

I buy mostly ITM calls, and I pay through the teeth for the spread, especially if it's a profitable trade. I've started learning about synthetics, and I wonder if I can use them to cut my unnecessary expenses. If I enter a long position with an 80 delta call and the stock makes a nice...

Professional exam today, presentation tomorrow, two hours sleep last night, three the night before, and I have most of my 95 hour work week ahead of me. Let the good times roll! On an irritating note, stopped out of LZ today. Account back to -1%. Turns out I misjudged support and...

I see what you mean about the subjectivity of S/R levels. In the case of GME, I was reading support at 36.75 By institutional buying/selling, do you mean institutional ownership, or active institutional participation in the current move. As for dollar weighted put/call ratio, do you use...

I'm new to all this, but for what it's worth, I started with front-month OTM/ATM options, and lost money on every trade, even when the underlying moved in my direction. I made the transition to 80 delta ITM calls, with at least 2-3 months till expiry (based on my estimation of how much time...

At least the premise seems sound.