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Well, I believe it now that I see occupation = Pastor :D :D :D

I think trading is kind of like getting married. Better to just wait for the right one. Weddings get expensive after a while..

For volatility spreads, yes. If you note it before market open, you can take the time to contstruct a good option spread to sell volatility whether the news is good or bad. The stock often reacts opposite to its logical direction, but the volatility may spike and drop off significantly in the...

Yes, I was curious about this, was this all just data error? It looked like free arbitrage for a minute on IB.

I noticed MSFT dropped to about 40% of its peak shortly after it topped in '00. EBAY stands at about 2/3 of its peak and of course YHOO flattened out. Do you see GOOG crumbling in similar fashion?

Superior, by definition, means the best of both talent and education.

Hi Gene, since you mentioned "as a substitute for the underlying", you would want a slightly ITM or deeply ITM option. Note the effect of IV on the option price: ATM: largest nominal, or largest point change per point of IV OTM: largest % ITM: smallest nominal and smallest % A few notes...

From The New Market Wizards, p. 174, Mark Minervini: "Concentrate on mastering one style that suits your personality, which is a lifetime process. Most people just cannot weather the learning curve. As soon as it gets difficult, and their approach isn't working up to their expectations, they...

Hey, anyone use meds to improve their trading? How about anabolic steroids?? I'm feeling great just thinking about it!!

Yes, Zen combined with martial arts, mental and physical discipline and an ascetic lifestyle for 2 years in the Shaolin monastery should be adequate to prevent you from committing suicide in your first of trading.

Yes, people make $100 mil in the markets all the time. It happens when enough traders get together to start a brokerage. If they're the brokers then I guess we're the brokees!

Defined as 100%*(2006 Net Profit/Net Trading Capital). Meant to estimate performance of traders in this choppy market. Vote in anonymous poll or add commentary below. Many Thanks :D

Yes, a portfolio of trading systems is a common strategy used to offset performance decay of any one system. The idea is to isolate the best trades though, not to overtrade. An exc book on system dev is "New Trading Systems and Methods", 4th Ed, Perry Kaufman, well worth the money if you're serious.

Great post coach, happy trading to you this week

If you think about it, trading is always a losing game emotionally. A stop usually means some kind of retracement, so I "feel" like I "lost" part of what I gained. A little voice says "I had enough signs to know I should have bailed early," even though I loyally followed my system. After...

last 2 months r[DNA, MRK]= -.73 Oct/Nov 05 r=+.96 Aug/Sept 05 r=+.70

Check out MRK/DNA, they seem to have a nice mirroring effect and a smooth RS graph

You are headed towards all the lessons we all learn about going for the big score. With this mentality, you will become a heroin addict without the needle. After you go cold turkey and get over the shakes, you'll finally stop chasing that crazy crack high. Maybe.

It's funny when this topic comes up - I came from a profession where my whole profession centered around worst case scenarios. So it is so deeply ingrained in my blood to "prepare for the worst." I would never have a sizable long porfolio that is not hedged by some combination of puts. Also, I...

nothing wrong with her drawers down