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Little Nicky I actually have quite a few corporations I own in Nevada for tax purposes. I make a nice living off my trading but didn't reply to this thread originally because I make money in other areas of my life. (reduce pressure so I can trade only when the odds are right) Here is...

I have a friend who is extremely good at technical analysis. He seems to be right about 85% of the time. He won't share his trading methods because he understands that once he does they will no longer work. He used to daytrade options. He lived off his profits for awhile. During the end...

One of the better plays to do for options Jeffery is what is known as a credit spread. These are a lot less risky than an option that is naked (no underlying contract). A credit spread means you are making money as soon as you do the spread, unlike a debit spread. Spreads are more liquid...

yk if you buy a put or call your maximum loss it the price you paid plus commission. That is correct. Usually you will be wrong about 70-80 % of the time but when you are right about an option it pays big. If you sold the put or call your maximum profit is the amount of the...

I've got my computer set up to see a daily, 15 minute, and one minute each time I enter a symbol. If the stock trades thinly I'll move to a 5 minute. Trading is trading, any time frame will do. rtharp

it failed on me 4 times this morning. I consider that unacceptable for trading. I can read charts fine without it, free isn't worth the price. rtharp

I noticed http://www.daytradersusa.com has about 3 traders in the Boston Area listed. rtharp

Well Baron can't place them on the site but others can comment on this thread...... Anyone been with ETG trade w/comments about them. rtharp

I'll play with it. Maybe by having a thread of a few users we can figure out if it's usefull. A few heads working with the software are better than one. PCQUOTE believes in it enough to give it a free trial and advertise it to death. rtharp

Some of the technical analysis I've done lately says we may have some huge downside soon. We have been hitting resistance lately and no volume. If we break some of these resistance levels I'm looking at I'd feel safe for the short term selling puts (short term here meaning 1 to 2 months)...

Hi Guys PC QUOTE is allowing a 30 days free trial of Mercenary now. I decided to download it and review it here on this thread. Thought others might want to do the same and we can all post are results here. http://www.pcquote.com/products/mercenary/freetrial/index.php Robert Tharp

Zboy is right react not predict. When you predict you form an opinion which can be deadly. I'll point out a few different thing also. In past markets I would see a a huge news story of a company heavily beating earnings. I'd jump on board and could easily grab 3 or 4 points if it...

On advertising. How is that exactly phrased? I've seen ads for Bright in Active Trader Magazine Schonfeld in now advertising also in there. rtharp

Actually this is probably because we need to point it out to Baron. Baron ETG isn't listed. Any reason? rtharp

Actually analytical minds tend to do very poorly in the market overall. One of the keys to successful trading is the williness to be wrong, to take a loss. Someone who has been to school forever and done his research would have trouble when the market didn't agree with his perspective...

only professional firm I know of that doesn't have a waiting period rtharp

His strategy above can work Nickey, there is some risk of the volatily heavily increasing. This market isn't very volatile lately though.

GB What you need to have is a good risk to reward ratio. I know traders who lost 60% of the time but on the 40% that they are right make 10 to 40 times what they risked. I know traders who are right 70-80% of the time they make or lose what they risk. This depends on the trader...

I spoke with Baron about helping getting some options material over to Elite here and have emailed a few professional option trader friends of mine. Are there any particular questions traders have about options? Baron I'll address this thread for awhile as I was in the Bond...

first selling a covered call is an artifical short put. Limited up side reward with unlimited risk. The exact same definition as a short put. Stange how the govt let investors sell covered calls in their retirement account but not sell naked puts. Talk to any professional options...