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As long as your sticking with highly liquid underlyings like spy you should have no problems.

where exactly WAS the dip!!!

I agree ammo, over the weekend I read where statistically March is the best month for the market..blah...blah..blah and I just thought "uh oh". With both political and economic uncertainty March should be a volatile month...we certainly could end up a percent or so, but I would not be surprised...

To say Gold is only a play on fear I believe is to ignore the centuries...... literally thousands of years where gold has been both currency and vanity therefore in my mind there is a definite base where gold retains value. IOW unlike certain currancy ...uhm bitcoin anyone :) gold will never go...

Are you a preachers kid?

Personally I think there is actually more risk in selling 2 SD than getting paid for being closer to the money so I sell closer to the money and short duration...haven't blown out........................................................................................................yet. :)

you've been short all week...................hows it working for you... "Stupids" money seems to be winning...

When it is real money and not sim you do. If you can put into place and practice safe trading you will do fine. The problem is we get bored, complacent and forget. Remember that losses are a part of trading, you WILL win some and lose some ..............at the end of a month, quarter, year...

:p While its pretty easy with spreads, futures options are a whole different animal. TOS does a very nice job in explaining margin for equity and index options but its complete gobbledie-gook (is there a correct spelling?:) ) when it comes to futures (option) margin. All I do when I get in...

You should be able to figure out how much margin would be released by closing your profitable spread and that might help. Usually it is spread width X contracts on one side so if you have a 5 pt spread then its simply 500$ times each contract short. If you can't then do ask your broker. If...

Over all just remember AAPL, GOOG and several others are HUGE. Too rich for my blood. When you don't have portfolio margin then you can not hedge with the underlying which is the only way to adjust. If you want to try your strats on equities then pick ones that are 50-100$ per share. Yes the...

The problem of trying to close the put spreads on the IC is you still have the call spread which is eating up margin. That is why you have to close the whole thing simultaneously. Once you close the IC then you might be able to roll down the short put spread by buying a...

I assume its a long put spread which if you closed would show a profit? If it is a short put spread...then you have doubled down on the wrong side and need to close that as well as the IC. You could (if you have the margin) roll this put spread out to March or April exp but sort out the IC...

The big lesson is MARGIN MARGIN MARGIN...your trading too big for your account. while commission costs do eat up profits and it seems to be better to put on 4 contracts...stick with ONE contract for now. As newwurld said call your broker and have them close the entire position. They should get...

pretty crazy...odds are we may not see that again any time soon.

I think she was/is legit. TS was actually watching her account in that time period (he was still with TOS/TD and she had/has her accounts with them (still I understand). She just must have had a pretty good cash cushion because I know what really killed me (and I was trading similar) was the...

She is NOT just a "mom" at home. She was a trained financial person prior to trading her own money. She is a smart savvy woman who happens to be a mom, just as there are smart savvy men who happen to be dads. geez

EXACTLY.....

Having been one of the "followers" I'd clarify that OC did NOT advocate IC's. His journal was SPX Credit Spread Trader. Basically selling OTM...pretty far OTM...credit spreads with some technical bias. He did at times morph the trade into an IC. It was an interesting learning experience for...

There is NO reason (unless your an insider) to know or understand the WHY's of an individual company's move. I learned a long time ago that fundamentals sometimes just don't cut it for a variety of reasons. One of the reasons I don't trade the individual stocks. Some stocks you follow for...