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to Stanford The idea you are making money on using the credit spread as a directional play for premium appreciation never entered my head very much. Due to the weeklies being so heavily TIME DECAY orientated. Right now I´m waiting on this upward surge to settle down. I need another 1...

Stanford For myself, I set the goal that when the account balance increased 50% I would go real money. Just an idea to ponder over.

To Stanford Things I have found most useful are sloping trend lines along the tops, and going upward, sloping trendlines along the bottoms. For Vertical credit spreads a dropping Bear market works good with both the sloping down trend line, usually 45 degrees and horizontal lines along...

To Stanford Well thanks for that info on adjusting the account balance. I am though trying to trade the account like a REAL MONEY account as that of itself is a learning process. SPENT THREE WEEKS LEARNING TO TRADE THE SHORT STRADDLE AND THE SHORT STRANGLE and while I was successful...

Well that was an interesting experience! Seems I had $42,000 left in my account. Tried to put on a 10 contract Short Strangle at .55 cents limit, but it got rejected by the software. I couldn´t figure out the margin requirement, so I put one on for just 2 contracts, same order of the...

Stanford The TOS funny money web account is slow by 20 mins. So what you read in the option chain cannot be trusted. On a limit order I usually give it an extra .5 cents or .10 cents which is a judgement call, when I place a limit order. Can´t tell you how to trade the monthlies. I...

Stanford It is true you are learning and experimenting. But bottom line is the end of the month account balance earned. Not learning. The learning is increasing your bottom line balance. Sell the MOTHER and place a new Credit Spread. Take the windfall profit off the table before...

The SHORT STRADDLE CREDIT SPREAD. I´m becoming enamored of my experiments with the SHORT STRADDLE CREDIT SPREAD. On a risk to reward ratio it seems much better choice than the Vertical Credit Spread most people use. I think of it in my learning experimental trials as a bouncing...

Stanford Early hours of Thursday morning. Had my cup of hot tea, some rum and honey and raring to go. Full of calories. Thought about your $7500 windfall profit. TAKE IT! I had forgotton that in a monthly you can earn money two ways. Through market movement and through time...

Stanford Okay I´ve had my afternoon nap and ate lunch. Lets see, you have 15 contracts of each and you think you have a profit in total, you could close out and collect as profit. Sounds good to me. Not the way I can do it in the OEX as things are tighter and shorter on the weeklies...

Stanford Good gravy! What a lot of positions. Makes my head spin! Sad to say, I don´t understand their profit loss thingy either. They adjust according to the current changes in price of what you have trades on. I understand the margin deducted from the account. Of course your...

Stanford I've got a Vertical Spread order in with TOS at a limit of .25 cents for the last two hours. Haven't got filled yet. It's a 500/505 50 contracts. Give it another hour and then re/consider if I want to cancel, and then drop my offer, or pass and let it just fade away at market...

Ha! Ha! Ha! "I know there is a flaw in my thinking somewhere, just too inexperienced to know what it is. Michael" You got that right ( grin! Sheesh! Spanish keyboard and I can't make it work sometimes on this computer.

Stanford Hmmmmmnnnn! Don´t know if you are right or not, as we are trading different indexes. Plus I´m doing weeklies and you are doing monthlies. I do know a month or so back, I lost $20,000 on a credit spread in TOS and am working my way back out of the hole. Doing alright, but it...

Re-inventing the wheel! I´ve been going over my trading. I can make a steady $5000 a month using credit spreads of different kinds on the weeklies. This does not seem enough, for the risk and margin involved. You need $80,000 to $100,000 in your account. A smaller retail trader should...

For CACHE LANDING Michael Stanford in Canada Trading Journal I´ve moved over to ¨OEX WEEKLY OPTIONS´ forum on Elite Trader.

Long Calendar Spread Thanks for the tip. Will look at it over the next few weeks. Got this weekly OEX option trading schedule heating up right now. Follow along as an amateur beginner in spread trading, tries to learn the ropes at: HARD KNOCKS OPTION OEX WEEKLY CASH INDEX TRADING...

I'll cross post this from the SPX credit spread trader discussion, where I've been carrying on a conversation with a couple of guys. I like the weeklies. You get to sleep weekends. Been doing them for a number of months now. ***************************** falconview...

Stanford Got to thinking what would be good training for this type of practical HARD KNOCKS UNIVERSITY, option derivative trading. I was thinking back when I was a younger man around 64 or 65 years old. I took a three month, two night a week course at the local Community College...

Stanford I use the web based version because I don't have enough bandwidth and speed on my internet service. The desk top sysgtem I don't know when? In the meantime, I'm using the time to also become comfortable with learning the new strategies. So far I'm earning about $4000 to...