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Wall street relies on an endless supply of dumb money and dumb luck. Sure there are some good deal makers but trading like commodities or stocks- insider trading probably accounts for most of the successes, butthere are some genuine talents I'm sure. Confidence is key and that comes from...

They are lottery tickets-twice a year however you will win big....if only we knew when

Trade options, make money ...that is all

Get someone else to trade for you -I hated Mark Douglas's books but like Van Tharp. Don't beat yourself up,take a step back - you are not ready to trade real money as you cannot separate the process of trading from the money. Only think about the money when it's banked

You're welcome

been trading FTSE (UK) put ratio spreads for several years now. I typically look for spreads where the risk is about 6-7% OTM. I only trade the index as there is no risk of early exercise (European style) and I love running to expiry, as in the last 8 days or so your trade will go to a credit to...

You guys buys stock on margin-didn't you know that? You think crediting an account with 200% buying power to buy overpriced crap is sensible? The most sensible investment is your home- do home lenders offer 200% mortgages? Ever wonder why?Because it makes no sense -Wall street does not want...

morons give money to other morons was it ever thus- how many stupid people are able to make money and then lose it?Not by being smart but by being lucky? That is the truth of the markets

buy $100 worth of options- that'll be one probably and close out when it hits either $200 or $50,simple-now just make sure you get more of the $200 exits than the $50 exits, use a 62 EMA on 1 minute chart, job done.

I'd wait for somebody else to make a market then I'll bid under the bid/offer spread, I'm too uneducated to figure this out,but 16 years of trading options has taught me NEVER to make a market

Thanks for the quote Diamond Geezer-sorry about the typo's-wonder how Karen the super trader is doing?

you elected Dubya twice-and he stole your future! Check the facts- the US is much better off under Democrats-why is anyone a Republican?

I've been profitable for 16 years and found backtesting simply an exercise in endowment theory-the best back test is to try and break your system. I have beta tested several systems developed by others so I have years of real world experience-if backtesting even remotely worked we'd see...

Not interested really- if FX made people rich we'd hear about it-99% are hopefuls who lose £6-10k before giving up-and yes backtesting DOES assume perfect entry and exit-hindsight is 20:20 vision. Backtesting is a tiny bit useful but forward real time testing is usually a wake up-all sytems...

Say you pay 50 for the long option and get 20 for the sold(short) near month option you are owed 30,so at expiry you'd hope your sold option goes out worthless and your far month long option is worth >30. You need to look at relative Greeks-and know that vega is highly unreliable and the Greeks...

I find TT entertaining and thought provoking- as usual do your own research,and of course back testing is nonsense-it's why 95% of traders fail. Back testing assumes perfect entry and exit-with options you can achieve the perfect exit if selling premium anything else is just random-like forex...

this article is garbage- I have seen Nick Leeson talk about this in a big public 'own up' and his position was not that bad when he left and told someone else to close out-and his trading details were Emailed to London and ignored-he was as much a victim as the customers who lost their shirts...

I have a problem figuring out a good exit from my profitable trades-but my trading improved the day I stopped messing with calls-they are toxic to me ....and Price Headley

I thought this was Elite Trader not Elite idiot- I'm outa here

I have no idea what you are on about Xenomorph but don't waste your time -go trade and make a few million