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Right I see what you mean....I tried to follow this in the past without much success..But, will look more closely in the future. It makes sense.. Thanks for the info.:cool:

Are you looking at open interest totals for puts, or specfically 130.00 puts on SPY? If so, I see what you mean

I'm looking to short a few on monday's open @1316.5-1317.25 area...exit within 1300.5-1295.75 area. Either fade me or play me...:p But either way you'll know once we open up..Good luck friend Nice Thread

Could you explain how this works...would appreciate it thanxs

FWIW.... I voted for the Birdman to stay.....However, if he lost on that position taken back in JANUARY!!!....Then he's an idiot!....LMAO!! Otherwise it was a good call and he should stay... I wanted to start this same thread but, thought better of it....:D

So What gives Birdman? Are you saying the SP will pass 1300 now?....Is the fight over?... Good call either way

That's a good one:D

You maybe right optioncoach but since 90% of the trading public loses anyway..It seems like what think we see in the price, or the charts, and what's "really" there are two different things..:p ....But, I hear you..

First off let me state that I am not a blind man......However, I am curious about what some of you elites out there think. About the possibliity of, or maybe you may know personally. A consistently profitable, but legally blind daytrader..... For the mechanical trader it would also be...

Interesting :cool:

I'll give my two cents worth....If we open higher tomorrow, we will certainly "touch" 1300....Maybe slightly higher but, I'd watch the open.....::cool: Lower open; I say 1279.1280 on the bottom.... Maybe 1300.5 on the top... just a guess :D

This is a Great Thread guys thanks!......Hope you guys do this every month!.....LOL. This is some of the funniest shit I've read!!...LMAO

No, thank you I knew one gentleman who claimed to lose money because of his wife!.....Clearly misguided anger and frustration....... His experience and logic told him his position was in jeopardy....However, because his "WIFE" was also able to make the same observation (and she is NOT a...

That's a good point ElectricSavant....The two trader here that I've spoken to are dealing with fears...However, that fear will also lead into overtrading because one feels the need to gain back what they have lost... IMOP, Overtrading becomes a problem when the decisions made are not based on...

I agree. A trader MUST have a plan in place and then execute... Both flaws are fatal to a trader but, does one have more hope for eventual success than the other? Is it worse to fear, or have problems getting out of trades, but no problem getting into them....Or, is it worse to fear...

Profile of two types of traders..... One is afraid to get in and misses good quality trades only to lose when he decides to enter the market...... The other trader is afraid to get out of trades.. ..Consequently, gives back all her money and loses in the process.... What advice do you...

WOW...Your serious huh?.....That's good! I heard of some vague rumors about his troubles but didn't look any deeper....And so many of these guys are crooked anyway. Unfortunately... But, It's good to know :)

Has anyone ever heard of him?....And what do you think of his method...."The LSS System" Just curious, I saw a book of his once titled... "Day Trading with Precision"........I heard he had some legal problems but, I don't know much else about him. Probably a bunch of BS but, I don't...

I remember that day quite well....I actually saw the first plane hit the bldg from where I was standing.....I recall futures that morning @ 1100-1101 area which was the Overnight high at the time....I sold it shortly after the first plane around 9:00am probably a little too ambitious at the time...