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There's a saying that goes something like this - The one who starts with certainty will end with only questions. And, the one who begins with only questions will end with certainty! Arrogance is a good indicator of where a No Eyed-Deer is probably lurking! Simply, because they don't show...

Dackster "You know, once you stop dreaming, you may start trading. It's all right in front of your eyes, try using them." ---------------------------------------------------------------------------------- The problem is that there's nothing so blind as a "no-eyed deer"! It's...

tiv, "this one was so stupid i felt compelled to comment" -------------------------------------------------------------------- That just about sums it up Tiv. "There is nothing so blind as a no-eyed deer" It realy isn't so hard to pick who does or doesn't know. Regards Johno

Hi Prophet, On the surface your proposition appears to make sense but one important issue is the probability of your trader lasting long enough to actually learn to stop rolling the dice and use good risk/ money management. Therefore I believe they generally result in...

Hi Zeno, Personally, I prefer thinking more like an SP bookie! Prophet, we appear to have very different views on what money management actually consists of. Good luck with your journal and no doubt in the fullness of time all shall be revealed. Best Regards Johno

Hi Prophet, Great money manager /average trader. In a nutshell, assuming that he has a profitable technique. The longer he's in the game, the more likely he will improve as a trader. The miracle of compound returns virtually assures that over time this trader will be...

Just as in every day life and business there isn't simply one rule to achieve success! Anaylitical and creative thinking applied to price action and money management = long term success. One natural outcome is a constant need to improve on current excellence and humility. As the market...

quote from dmo "If you can learn to set stringent high standards for criteria that must be met before you're willing to enter a trade, and refuse to lower those standards, and wait patiently for the market to come to you - and not shed a tear if comes oh-so-close then runs away - then you're...

Because they haven't learnt to think clearly, the markets, as in business and life punish wishful/wishy washy thinking! Sadly there is no substitute for experience! On a more practical note, moving averages are a very minor part of the trading equasion, entrepeural creativity being the majority...

Hi Young, Try reading the thread - writing options for a living - the answer for your style resides within, but not without hard work. Best Regards Johno

Hi Mystic, "I don't see how the IV of short-term options is usually any more expensive than longer-term IVs. When such occurs it would be a time skew and not the usual situation." ----------------------------------------------------------------------------------- Quote from -The Elements...

Hi Mystic, Something I should mention, the back month would normally never exceed 60 days to expiry. Best Regards Johno

Hi Mystic, When I referred to hedging off the greeks,I meant the individual risk pertaining to - Gamma, Theta, Vega etc. I have no doubt that a quant can accurately replicate a portfolios' risk, but I don't believe that it can be done, in a practical sense, cost effectively as...

Hi Mystic, I've taken your comments regarding static hedging in a literal sense as I haven't read the article you refer to. I was simply refering to the difficulty of implementing academic theories in real life situations. Myself and other premium sellers I know run...

Mystic, I use variations of Static Hedging, and other Premium Sellers I know also use this type of approach [ time frame is the main difference]. Practical advantages include much lower margin requirements allowing for maximization of resources. It also allows me to take full...

Jaob said, That's exactly what I said, what part confuses you? This thread has made me laugh with all it's ignorance and attacks ----------------------------------------------------------------------------------- Often we hear radical Islamists refer to non-believers/ or people that...

Hi Fakie, For Credit Spreads your spot on the money! You might want to consider Condors as a way of improving performance! Regards Johno

Hi loufah, I've found it's always better to swim between the flags where there's usually someone to bail me out if I get into trouble! Regards Johno

Sorry Maverickz I've never enquired if it was available as a stand alone! The program I have has three seperate area's - Downloader, Metastock Charting and Optionscope - so it may possibly be available on it's own! Regards Johno

Hi Fakie99, I have no idea regarding what type of spreads you have on [vertical,diagonal, calender] or whether Debit or Credit. The dynamics and therefore required actions to maximize profits and /or minimize losses can be quite different for the various scenareos.Unfortunately...