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The reason I only trade Options now, instead of Stocks and Futures, is because I HATE STOPS! I've just been whipsawed too many times. With an Options trade, I set it up so my Max Possible Loss is -2% of my Equity. Then I let it go where it wants, in this Insane Super Volatile Market...

Exactly. What's so safe about trading ranges? By the time they become clear on the chart, the Stock/ETF is probably ready to break out to the upside or downside. If the Trend/Bias is up, go with it. That's the high probability trade. Don't try to predict "it won't go any higher than this in...

Are you talking about trading Straddles and Strangles? Have you had success with those? On August 6th, I saw 140-142 as upper resistance, and thought SPY would soon fall back into the 130s. Obviously, I was completely wrong! If I'm very lucky the 150/151 Bear Call Spreads might be above...

Thanks. Time to rinse with some NACL. Wait a minute. Is that a stock symbol? :p

Put Master: Just the opposite. Time decay makes it "less expensive" to close your spread. Cman: You're quite right about Put Credit Spreads if the price of the underlying is going up. I was thinking of the SPY Call Credit Spread I Bought To Close the other day. It went up in price as the...

Cman: I think we're saying the same thing in different ways. A "losing" Bull Put Spread to me is when the stock falls below the upper strike, thereby going In The Money. The Rapid Time Decay then causes the Bull Put Spread to get more expensive to Buy to Close (as the price of the Spread...

Of course these "what ifs" can get to the point where one won't walk outside because they might get hit by a meteor, or won't stay inside because there might be an earthquake! There's a certain amount of risk one has to live with. If the broker told me, "No, if all those 'what ifs' happened...

There's some news about Hackers getting AAPL Codes, and a new Samsung Lawsuit out there too. Or it could be a manufactured dip so the big boys can buy in cheaper before the next rally? Will probably be explained soon enough.... I'm staying Long regardless.

If you don't look for an edge in Trends, where do you look? Fundamentals? Value? Recovery?

Like I said, "Bloody Mad!" :)

Thanks for the info. Just like another spoonful of NyQuil! Zzzzzzzzzzz......

I don't think they'll put a guarantee in writing about a hypothetical situation like that. I'm satisfied with their answer and have a copy to show them if they screw it up. I was called once on an ITM Put (it was right on the line all day, and I waited too long to close it). We had to sell...

In my experience, Trends are really the only thing one can rely on in trading. The closest thing to a Truth we've got. This isn't some triple squiggly line with polka dots Indicator (that works only 1/2 the time) we're talking about here. Trends are the foundation stone of Technical...

Whew! Thank goodness. Looks like they got it covered to me. I'll be able to sleep like a baby tonight! :)

Here's what thinkorswim had to say about all this: Question: If AAPL closed at 580 on Expiration Friday in November, and I had neglected to close my AAPL 590/585 Bull Put Spread, what exactly would happen? And what would happen if AAPL closed in between the two Strikes, at 587? Answer: If...

Ed Seykota, the ultimate Trend Trader, who explicitly states, "I'm a Trend Trader" in the interview, doesn't believe Trends exist? OK, I apologize for the name calling (which I don't normally do - I have a toothache actually...) and will relax now. You're not a DICK, you're not a TROLL...

In the first couple of books at least he said he had a system but could never get his personal account up above $100K, etc. I don't remember him talking about managing other people's money.... Just read the jacket cover of his latest book. You're correct, it says he's currently the...

1. (Surf) yes, they exist only due to chance-- this is proven by looking at any pseudo random generated chart-- they look EXACTLY like a real stock chart complete with "trends" and all the same TA patterns. If you flip a coin 10 times and get heads 10 times, are you in a heads trend...