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Wow, go long 1000 contracts first thing Monday, eh? :D

Example of a high probability trade: LNN makes a $10/share run up 2 days before earnings. It then pushes higher the next morning to trade near its 52-week high, resulting in a 90% gain in value in 3 months. A peek at insider activity shows that the majority of the corporate officers registered...

I'll post the same graphic I just posted on the "AIG" thread. Why try to pick a bottom when the news is FUNDAMENTALLY bad? There are a lot of high probability trades out there; makes life easier. Short WGO...

There are higher probability trades available, IMHO...

Hey, Neke, don't be too hard on yourself, you know that won't happen again! Build your account back up with smaller positions. You will prevail! Your account is in the green! After some VERY expensive lessons this past month, I learned to immediately place a 20% stop on front month options...

There's a Louis Navellier site called PortfolioGrader and I've found that if a stock is rated "A" on his site and has been A-rated for several months running (like GSI), it will rebound even after a serious drop, usually back to B/E in less than a month, occasionally two months...

My husband knew I liked SOHU, saw the gap down, asked should he go long and I said, "No!" I saw a great short signal at 10:03 and thought, "It's too low to short now". Yeah, right. There's a quote somewhere on this site: "No stock is too high to buy or too low to sell." You have a great...

With SOHU I desired to exit when the underlying hit $85/share. I watched the chart like a hawk yesterday and when it couldn't break thru 83.50 for more than a minute on several tries, and knowing how Fridays have been lately, I took my $150 and bailed. Ammo's referring to taking lots of small...

They appear to be fine vehicles for intraday trades, but I don't want my lack of experience to ruin my mood before vacation.

Thank you for your confirmation. I'm extremely pleased not to have jumped in :cool:

In the 4 mos I've been trading I've made and lost plenty of money several times over as you can imagine, and repeated the same mistakes at least a couple times. Decided it was time for serious discipline to kick in, so yesterday when my SOHU calls went slightly profitable, I remembered what...

Buy smaller positions for a while. I've been trading RIMM, V, and AAPL on strong dips very successfully. V calls this month paid back most of my $8K loss.

Yeah, I feel your pain; had to say bye to $8K this month because I didn't take the early profits on a slew of June calls and got killed on a gap down.

MON just isn't volatile enough to stage enough of a comeback to help you out on exp Friday, IMHO. I held SPWR calls at a pretty good loss in May, but the stock's so volatile the calls actually increased 5-fold a day before exp and went to break even. The real lesson I took out of it is to set...

I've been looking to go long on a pullback, since these stocks have pushed far above their 20 SMA. Great pullback today, but the 30-day charts indicate more to come. I'm a pretty new trader - any opinions from the highly experienced out there?

Canyonman, what system do you use, what do you trade, and about how many trades a day does your autotrader manage?

Weeks like this, just short something. Anything'll do. Even the sacred cow POT had a pullback. 7th bar on the 3-min chart (or 5th on the five) shouted "short!" and here I was convinced that there was no way POT could drop...

Have you done any automated trading? My husband's been backtesting for strategies and found some amazingly profitable ones in Backtest Land. Wondering how it pans out in the real world. (An old Bill Gates marketing joke is coming to mind...)

110 here in Tucson, but I have A/C, and my accounts are up...WTF, it's these four 19" monitors :D

I'll second that! Educate yourself first, then trade. (Though learning with your real money tends to help the lessons stick :eek: )