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I don't really know what you mean here. Who cares about when they expire. We are talking day trading it here.. in and out in 5 min, maybe an hour or two. It just so happens that the closest expiry that are ATM have the tightest spreads with the most movement. An option 3 weeks out might not...

And why not? Here is a selection for this Friday expiry. With the SPY being at 230.44, if we use the 230.5 calls and puts, both during this screen capture have a spread of 0.01. Here I don't understand your math. If the spread is 5 cents, that means if you buy and sell right away, you lose...

Who is talking about right now? I'm talking about trading the SPY options during RTH. All your examples to do with the ES, during overnight, is total bullshit because this isn't what I'm talking about. The fact that you can't even follow my examples has me really having to re-evaluate if you...

I have brought this up before in another thread, and what I learned was that if you let it expire in the money, then depending on the broker perhaps, you may or may not own SPY shares, and these may drop in value over the weekend, so you could perhaps wake up to a surprise. (I dont understand...

Look at it this way. Lets just talk ticks. How many tick do you want to risk in order to make a profit? Lets risk 10 ticks to make 20 ticks, sounds good? Lets assume that if I put on 10 trades, 4 make me 20 ticks, hence 80 ticks made, and 6 lose me 10 ticks, so 60 ticks lost, and hence, I'm...

Yes, this is why I specifically said SPY options. I've done it myself, and I've watched it and analyzed it, and traded it for at least half a dozen trades to get a sense of real world fills. The SPY moves incredibly close to the ES, and the options on the SPY have enough liquidity that you can...

I see you post good things, but I don't agree with this one. It all depends on how he plans to trade options. If we are talking SPY options, and only buying them, the risk is quite limited. If the ES has a range of 10 points for the day, then many options that are ATM would move about what...

Curious to hear your take on why you think it stopped at 2281.

Its pretty simple really. Pull up 20 charts where this has happened and see what happens at the open. I would bet that there isn't going to be a stat that says 80% of the time it either kept going up, or 80% of the time it started dropping. Now I'm not sure if you can use different stocks and...

Ah, ok then. Its completely unintuative to be showing a trade log along side a PnL blotter as if they match up though. And how you can manage to trade trades in one account vs. different trades in another, while trying to do good in both, I have no idea. I would be second guessing myself far...

So the PnL of 269 has nothing to do with the trade log? In other words, the profit from your real account isn't based on the trades shown?

How is it that the $269 figure doesn't match up with the cumulative profit figure from Ninja which shows $477? I realize comissions is a factor, but 17 trades, at about $4 per trade, should still make this add up to over $400?

I too looked at some of the strategies there, not to follow, but simply to get a sense of the types of trades people put on, and especially to get a feel for stats, like win rate, average win, average loss, etc. One of the things I noticed was that so many of the profitable strategies had...

In addition to this, I have also seem some that have interesting things, like wave counting or cycles and all that jazz, and it seems like there is a nice edge there,but I doubt its something that the person actually trades. They probably tried at one point, and their psychology failed to...

This is very true. Every trader probably needs to feel something, and if this dude was making 200k per year, then his threshold is much higher than mine. I couldn't imagine losing anywhere close to one year income, but it has to be enough that makes you really take a step up and face the...

There is something to be said about following your passion. A good life to some means having a wife, family, stable job, etc. To others, its chasing a dream and having tried. I don't doubt that most will probably not be happy with having failed after 5 years, but trading isn't like trying to...

I noticed this too but I assume that if you don't program your platform with these numbers, it wouldn't know what they are and hence not calculate them.

Yes... I think this a tough one. Since getting stats or trade call from people in not possible, seeing what others do is a challenge. But after scouring the forums for years, and seeing bits and pieces, I've come to think that years of experience helps many traders. There is something to be...

I don't even think this far. I'm talking seconds really. Its like when you see the DOM, and lets say you have 500 at each level. Then out of nowhere, bam, an order for 3000-4000 lots comes in and clears a few levels in seconds. Truth be told, I don't even know what is happening at the micro...

Good luck there. I see nothing here at ET in the past few years that shows this. A successful thread would show at the very least 50 or 100 trades, each with clear entry, stop and target. Doesn't even have to be posted in advance, but it has to be posted so that you can get a sense of how...