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Ha! Was supposed to be PBT in there. I'm perhaps lysdexic...

BPT, FRO, BPT and ERF have been gaining value for all those months. We used to own them during the 2000-2002 time period and didn't even notice there was a recession :p

Actually, several of these have remained in the double digits for many months now.

A million 3Gs the first weekend, took 74 days to reach that level with the original. I'm liking this news because I bought 20 AUG $180 calls late Friday after Apple bounced and tanked. Yes, believe it or not I went long at close of market after a week like last, but come on it's APPLE! :cool:

I'm definitely hesitant to start this strategy prior to the election because I believe there's further bottom to this market. The top picks I came up with include FRO, BPT, CALM, ERF, NAT and VLCCF. The highly volatile picks that stand to lose a lot in the short term, but have strong upward...

I'm considering buying high dividend stocks with some cash in my IRA and selling covered calls on them. Anyone with experience in this have feedback as to the average returns doing this? The market's really volatile, making my income projections seem rather high.

Can I please have your top two strategies :p

Regarding taking profits too soon, do you simply pick a point in time that you're pleased with the existing profit and exit the trade at the going rate? Or do you choose a target in advance? In the past I've often changed my protective hard stop to a tight trailing stop once my trade is...

retire45 puts it well. I just placed stops on my two short term options trades from late Friday. One ended the day slightly profitable and the other at a still-reasonable loss. Both stocks moved in my favor during after-hours trading. However, if they don't continue to move in my favor, I'm out...

Agreed 100%, which is why I have some long term positions in a few growth and dividend stocks (which are NOT down by the way). But it sure feels good to have a good chunk of cash backing up my day trading margin right now. In February I believed the DOW would drop to 10600 this summer and people...

Let's be fair: Neke is up on the year, and with tighter stops in place would be WAY up on the year. Trading is a business and as in all businesses you can learn from your mistakes. I'd be sitting on an additional $130K from the past 4 months just by placing stops right away. Cut your losses...

The real benefit of day trading under current market conditions is that you're flat at the end of the day and protected against irrational gap downs that seem to be magnified 4-fold vs. what would happen in a bull market. I mean, come on, RIMM misses earnings by a penny during an economic...

I think a beneficial analysis you should do is to review your past trades and determine what % of losing trades moved against you right away vs. what % of winning trades moved against you right away. I analyzed my trades and found that a very small % of my losers moved in my favor at first and I...

Neke, I sent you a PM.

If the world doesn't end this weekend and no news is good news Monday morning, I suggest everyone go long ENER. It seems to be beating a fast path back to its previous high, and we can all start the week with a gain :cool: (And if the futures are looking grim, we can always short poor RIMM.)

I'm back from vacation and missed all the action (traveling thru lots of areas with no connectivity so I traded nothing, and really regretted not trading my highest probability trade of shorting RIMM at 146 prior to earnings). So I see DRYS is still showing lower lows and lower highs, but...

BG closed at 110.70

I hear that! SOHU dips, I buy calls, it dips further, the spring's tight, then it rebounds, then climbs further on good news, but I'm really nervous about its inability to break very minor resistance like it did last time, and I take a teeny tiny profit and I'm down on myself for not having the...

Neke, do you strictly day trade options?

In my limited exp I've found that using stops as planned, no changes midstream, is of great benefit to my profitability. In most of my trades, the overall downtrend continued after the stop was triggered allowing me to re-evaluate a better entry point if indicated. I've freed up my capital and...