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I agree.

I have been asked by friends, family and acquaintances to manage their money with a broad range of incentives from generous to insulting. I have not and will not manage other people's money.I value money far less than relationships with friends, acquaintances and family. There is risk and I...

I respectfully disagree with paragraph one. Scale is always an element of expected returns. Retail traders can do some stuff without killing the market that the big boys cannot. I agree with paragraph two. My results have not experienced all market conditions and sever events. And even if I...

Serious? Yes, but incomplete. Scale is often a limiting rather than an enhancing factor in the ability to make a large, consistent profit.

Managing credit spreads whether in Iron Condor formation or not does require decision making at entry, along the way and at exit. Trading the way you describe is a foreign concept to me.

Unusually pithy. :)

My heroes. :D Durk Pearson & Sandy Shaw

First, please forgive my unconscionable rude behavior toward you. Second, don't sell yourself short with respect to understanding these strategies. The greeks are a useful shorthand for understanding the risk you choose to take on. More than that, they inform you of what modifications to your...

I encourage everyone to read the entire thread and form their own opinion. Luckily yours is shared only by a vocal minority.

thoreau777, Most of your post exactly parallels my advice. Permit me to emphasize some and expand others. I think you conflated strategy with money management. No strategy with potential big hits should be traded with 100% of your tradeable pot. I limit mine to 20%. It would be painful if...

Let's take a break and get back to the mission. TheOptionsClub is sponsoring a seminar "Trading the Weeklies with Dan Sheridan." You may have to become a member of their website to gain access to it as I do not see an obvious link from the front page. Another interesting item to be found...

And your 5800+ posts differ from that. How? Saying something it is a scam without evidence is a scam on those who might believe you. Sheesh.

Every trader should know that there is a difference between cause and correlation. Another interpretation of the same data is that the political class thought they knew better than the market what this distribution of wealth should be. They became proactive, f'ed up the economy and caused the...

Every doctor is taught that the only difference between medicine and poison is dose.

I do attest to that.

Permit me to answer in a slightly different time frame. On August 2, 2010 I funded an account devoted exclusively to trading this strategy. That was 215 days or 7.1 months ago. The cash balance today is up 116.67% from the opening balance. This accounts for trading costs, and cash in reserve...

Thanks. I had no idea you ever thought me amusing. :) Regarding our disagreement, I'm reminded of what I think whenever I hear any politician say anything with certainty. "Just because you say it, doesn't make it so. The more certain you are, the more skeptical I am" :eek:

It is irresponsible to assume that the first of four stages of qualification is the dominant contribution to the total qualification of the strategy. It is further irresponsible to suggest that one of the results of back testing should not be to identify conditions under which the strategy...

To put the dialog in context and to present here what it was that I did, I went back and looked up the posts.

And this is bad? How?