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    Covered Calls and Implied Volatility

    IV changes according to the perceived volatility of the underlying stock. In other words, you may see higher (or lower) IV at the end of the day compared to the beginning of the day if something happened during the day to increase the probability of volatility. I.e. a news bulletin or macro...
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    My goal is to make at least 30% per month

    Perhaps one pleasant thing we can take away from this thread is that many members did earnestly reach out to try and warn him about the risk such trading strategies could hold, and offer incite and explanations on what he is experiencing should be taken with caution.
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    options automatic trading (probably with IB)

    It's also slow and has annoying limitations on queries/second. If you don't need to do huge data dumps or need to do anything real-*REAL*-time, it should be sufficient. However if you do need to scan hundreds of symbols in real time it is not sufficient. But I don't think it was ever meant to...
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    Project X

    Rather boring journal if all you will do is show account balances... Not sure how that helps anyone. When you look back at it you won't even know what you did to achieve those balances.
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    Project X

    Has marsman indicated what his trades are. I thought in a trading journal they should be mentioned, but I could not see them. I can understand not wanting to give away good trades, but at least post them 1-2 days after they were entered. A lot of the slack marsman is getting is because: 1)...
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    options automatic trading (probably with IB)

    With the IB API you can program all your strategies (it allows to enter orders and have them executed or simply appear in TWS so you can manually click on it). You can create the program in C#, Java, C. Visual Studio with C# works perfectly fine (and is of course free). The IB API is pretty...
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    IB - Yield Enhancement Program Question

    I *THINK* and I can be wrong here: You are 100% FDIC/SIPC covered for stock positions up to 500k. I *THINK* you are NOT covered for the positions that are LENT OUT. Note: There should be little concern about a company like IB going bust and loosing the ability to reclaim your lent out stocks...
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    IB - Yield Enhancement Program Question

    I understand it gives a small amount of return... but given *how* small it is, I wonder what the benefit really is. There is only one downside that I noticed: Technically you don't own the stock and should something bad happen to IB and you have to claim your stock you might not be able to...
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    How Realistic? $50k account, $500 / day

    Or lost it all on Red 34 and is still hiding under a rock crying?
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    How Realistic? $50k account, $500 / day

    500$ / day = 182,500 / year 182,500 / year on 50k initial = 36.5x return. Put it all on Red 34, and you can get a 35x return. So pretty close. That's an ambitious return. Of course, anything is do-able. But I think it's safe to say its not within the normal returns of most professional...
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    IB - Yield Enhancement Program Question

    The yield enhancement program will *not* change your displayed positions. Nor will it effect any P&L or any account summaries/performance analysis you do on your account. You can think of it as being lent out but not being told to you except on one small section in the full account report that...
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    Bitcoin customers lose 36% of their money after hack

    Equivalent to an old western bank robbery where all the money was pooled in the safe, and if some of it was stolen, everyone suffered. Do any of the exchanges offer insurance or guarantees?
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    Full-time Trading Advice for a 22 Year Old

    A simple suggestion: 1) Take 90% of the money you can spare for investing and put it in a low cost index fund (SPY). 2) Take 5% of the remainder and invest that into blue-chip stocks 3) Take the last 5% and place that in some speculative trades This will give you practice with trading, but...
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    How did you learn how to trade?

    You said trade, maybe you'll be okey with my answer if I change the question to 'invest'. (I'm more of an investor than a trader). 1) Read books on how the stock market works (from simple high level things to stuff a little more detailed). Not huge maths, but mostly portfolio theory...
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    My goal is to make at least 30% per month

    You blame the platform now? All your comments were about the market data. Market data is not the same as a platform. I really think you need to take a breather, take a step back, and perhaps bone up on how trading works. Your sudden shift in your entire trading strategy where you were...
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    My goal is to make at least 30% per month

    *Note: You *are* still referring to the simulation right? In which case it may not truly reflect market behavior. Oh, and did it have a 'c' next to it? That could mean that was the close value (so its best guess as it wasn't trading). When you start working at the microstructure level, the...
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    My goal is to make at least 30% per month

    It doesn't *quite* work like that (the part of someone is very interested ....). But yes, if you make large number of orders then cancel your orders (and can do it correctly) you can artificially influence the price. This is well documented and discussed many times recently on the news as...
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    My goal is to make at least 30% per month

    I'm not entirely sure that the Simulation is meant to be 100% realistic at the market depth order. It would be pretty tricky to pull off: Make a thinly traded contract realistic at the market depth order AND be using real-world/real-time data. The reason this is tricky is that your trade in...
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    My goal is to make at least 30% per month

    I could be wrong but: If the last known bid was 1.00 and ask 1.40, TWS may have noticed that your 1.00 is based on outdated information and moved it to 1.25 to protect you. (Why sell at 1.00 when it should trade at 1.25). You may wait because perhaps its thinly traded? (What symbol, and was...
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    Anyone subscribe to OptionMonster InsideOptions Pro?

    He made his million and has no time to talk to us anymore :(
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