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Sanford and Trade Journal END OF WEEK RESULTS Total: $1745 Net income Broken down into three trades: 1) Iron Condor credit spread trade for $930 net. both sides totalled. Done in the TOS account. 2) Another learning test Short Straddle trade of 1 option each side.as a practice...

Trading Journal 2 hrs and 40 mins to go to expiration on the weeklies. Was wondering about the short strangle I put on. It´s a scratch paper experiment and I have it at 2 strikes away from the index action. If this thing expires between the two strikes, then I keep the credit? I...

Close on Thursday Watching that scratch paper memo pad, SHORT STRADDLE CREDIT SPREAD to see how it performs done on scratch paper. The index went up and return back down to where it started when I put the straddle on. From yesterday afternoon until the close on Thursday it has made $3 on...

Trading Journal Well I missed getting in, just before the CLOSE yesterday with a Vertical Spread. Due to our electricity went out. I only had ten minutes until market closed and unable to get my battery operated back up computer going in such a short time, with loading the TOS program at...

Trading Journal "Your judgement can be influenced if you hear or read. It is subconscious. The only solution I know is to never read, never hear, etc. It is hard, because one still has to be informed in general." ---------------------------- I do not listen to, or read...

Trading Journal Speaking of failure to jump in! I am not of the mind to buy options after your advice. Still, I am experimenting and on Monday I made a scratch paper PUT at the OEX 490 STRIKE. Got in at $8.50 and it now is at $13.50 on a weekly high TIME DECAY week. I was curious what...

Wednesday tomorrow is a mixed signal day for me. I have no bottom yet on this trend. I have one indicator says maybe it might reach it tomorrow, but nothing concrete yet. As far as this Tuesday summation goes, it is still some down spiral, though maybe not too much? Pure guessing so...

It seems my trading style is evolving more and more toward a Wednesday, Thursday and Friday trading style using WEEKLY options. Sometimes you get a clear cut signal on a Monday or Tuesday, but not necessarily always. My goal remains! Do not gamble! 50 -50 are bad odds. As Cache Landing...

Trading Journal "Another lesson I have to relearn: never read the news on mark" I had to smile when I read this one! I never listen to the market commentary. Like you, I learned the hard way. Use your own judgement or none at all. STANFORD For you with the dilemma of...

If you opened a bull put credit spread, you sold at the bid. You pressed the blue arrow on that bid and your spread came up above the option chain. After choosing Vertical spread on the decision box. If you wish to close that spread, you will buy back at the ASK and you click on the blue arrow...

Trading Journal I have four indicators screaming the market is going down. Aaaaah! Wm's % R and Momentum indicate this is so. Two new ones of my own construction also say so. 7 minutes to market open.

Trading Journal I'm looking for a 200 pt DOW drop this week. How about you? I have developed a two trade system, so far ( grin! ) that does not trade until the move is over. I'm tempted to trade anticipatory, but not going to do it this morning. Think I'll stick to the safer AFTER...

Stanford I never got your earlier message. My email is hillviewhacienda@yahoo.com Just send me whatever direct please! Peak Investing have a Thursday morning trade they do in the weeklies. It is an Iron Condor and returns around 5% or so per week. So long as I have been tracking...

I think it would require a registered firm as representatives locally, and a trade and earnings record for a couple of years at a minimum, if I were to involve you.

This place is a small place. It has crossed my mind to deal with banks and the Social Security board though, should I ever be successful. Would need a track record I would think for a year at least. So if you want to sell a PUT you can? Then buy it back, right or wrong on direction...

I've got a tiny signal for an UP MOVE. Don't know how reliable it might be though?

You sold PUTS this morning? How did you do that? How does it work?

11:05 a.m. my local time. Must be 1 p.m. NY time. Just came back to the office. Was lying in the hammock enjoying the Easterly trade wind, warm and light coming a 100 miles from the coast and up in the hills here. Nice warm day, light blue sky and tiny clouds. Good sailplaning weather, if...

Whoooosh! You are way too advanced in understanding options, from my simple country boy outlook! ( grin! ) However, maybe it will come in time? Put a dollar value to it and I'd learn it in a hurry. ( grin! ) Well another Monday. Market being unsettled. I have my three option...

Well you have a point there! ( me-dumb country yokel ) "I am however not sure that you fully understand options at fundamental level. For instance your question about the strangle suggests to me that you may not fully understand the basic block which is the put and the call. My reasoning is...