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Quite right. And after a 41 month Bull Market it won't turn on a dime either. It will take a while to roll over. There should be a clear topping pattern (Head & Shoulders perhaps?) which will take many weeks to develop. A lot of people have to be convinced it's over before a full scale long...

I prefer getting a good night's rest too! As to capital and loss control: I set my price limit at 2% of Equity for each Option, then get as much time, as low a strike price, and as high a Delta as possible for that much $. My last purchase was a March 175 Call for GLD. With all that time to...

That's a perfect example of why it's worth paying extra for lots of time, via back month options and LEAPS. Your timing doesn't have to be perfect, and you don't need a huge sudden move to win on the trade. It gives the underlying a chance to work things out, and then start trending again...

Being snide about grammar on an internet forum? Whazz-up wi thatt fool? :confused: Anyway, it is correct to capitalize those words in a Title/Heading. Also, there were 4 words - that's plural. So I think you meant to say "are proper nouns", not "is a proper noun".

Yep, sort a looks like a downtrend to me. Don't think I'm gonna make much $ on those January 25/24 and 30/29 Bull Put Spreads I opened back on June 25th! :p I guess it's time to adopt my strategy of last resort: HOPE & PRAYER!! :D Anyway, no more IPOs for me, thank you very much. :mad:

Can you explain those (very cool) pastel charts? Average True Range is involved somehow, but not sure what all those dots are, etc. No comprende. :confused:

I won't be concerned about AAPL's uptrend as long as it stays above 550. Everyone talked about 700 earlier this year. Will it be taken out with the release of iPhone 5 this month? Seems likely, but we'll have to wait and see. :)

Why do you hate their products? :confused:

I just read some of your quotes from other threads. Very uncool indeed. So I figure either you're doing a Troll-Goof/Double Identity thing, or you're really mixed-up and in need of lots of therapy. I'm no shrink, and don't care much for Trolls, so I'm just gonna hang up now. OK? Bye.

Sounds like you've played too many computer games to me...

I have no idea how people come up with their guesses on how high gold will go. Some say 1700, some 2000, some 2500, etc. I just think it's currently trying re-build a continuation of the long term uptrend which peaked at 185.85 last year. IMO, the downtrend/correction since September 2011...

You really bought enough to move the market? I thought you were kidding! What about fees and storage, etc.? :)

This week's breakout is partly because of the Silver you bought, :D but mostly because of all the Gold Bars purchased by the greatest trader of all time, Mr. Gordon Gekko!!! :p

Ken Trester sells 90% and buys 10% of his Options I think. But he buys cheaper, shorter term OTM, "lottery ticket" Options - all or nothing, which depend on a big move to score. I prefer buying ITM, longer term Options - when affordable, so there's more chance of having some premium to sell...

My account is 80% Credit Spreads (sold) and 20% Singles (bought). So I guess I tend to agree, most of the time. But IMO, there are 2 big advantages to occasionally buying singles over selling spreads: 1. You can make a lot more than you can lose, versus losing more than you can make. 2...

Nice Breakout SLV! +4.59% in one day? Bloody lovely. :D

Very sweet indeed. Closed at its high too. :D Good call diaoptions! :cool:

Getting back to AAPL... I don't personally believe in reincarnation, but I hope I'm wrong... :) http://blogs.wsj.com/searealtime/2012/08/31/thai-group-says-steve-jobs-reincarnated-as-warrior-philosopher/tab/print/

GLD reacting well to Bernanke's speech so far. Here's another bullish article about gold, silver, and mining stocks. :cool: http://seekingalpha.com/article/838541-gold-and-silver-breakout-against-tepid-global-conditions

Looks like Bernanke came through for SLV this morning. Closing above 30 would be significant. We'll see. :cool: