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OC said "Thus I am not jumping into call spreads yet". i was talking more to some of the eager learners following your strat... some seem to be jumping up and down excited about the new positions they have put on. just throwing some more caution out there as u had already just done. u have...

You have to go back to the early 90's to find novembers that equaled or undercut the low of october. many times november has been a strong trend up month. and you guys are selling november bear call spreads in october????? i was thinking the same thing about bull put spreads you guys were...

with the way u trade u would be better off just taking 20% of 2 hypothetical winners, stick it in your pocket and burn the rest of the starting capital. couldn't help that :-). no, seriously, u r on the right track. taking part of the profits and removing it from the account in order to...

Apex at the beginning of the thread you made two predictions. one was short term and had no conditions, a rally. the second, conditional, was for a longer term rally into the end of the year IF it closed above 1230ish. the first one was wrong, plain and simple, and the second, longer term...

if the market's slow i'll listen to jazz or pop but when we are in a mean downtrend and i'm trading volatility names i like to listen to black sabbath, guns & roses, or blue oyster cult.

Cash as others have said, taking off part of the position at a predetermined level reduces the p&l volatility (smooths out the equity curve). it also increases the win rate and provides positive slippage. if that is what you are looking for then use scaling out. if you don't mind extended...

BS Finance with emphasis in economics. started by trading foreign currencies overseas. IMO MBA doesn't do anything for trading other than getting you 'in the door' if needed.

i didn't say u wouldn't make money. i said u r not hedged. writing covered calls has absolutely nothing to do with hedging. it has everything to do with generating income and reduces your upside potential.

i'll add that i have never heard of using short calls to hedge a long. all u r doing is limiting your upside with the downside 100% unhedged. you are reducing the net cost of your position but if you get the expected run toward 28 your stock will be called away at 25 (9,500 shares) leaving you...

i've traded intc for off and on for 11 years. the last few years the stock has reacted to the gross margins and gross margins forecast. technically the stock is dead and is having lower and lower volatility around it's 4 year average price. it has not gotten much more than 20% away from that...

when it was known as TradeHard it was good but Connors (i am a fan of his research methods) turned it into a hype site marketing a lot of marginal guys/services. i look at some of the stuff that is posted onto yahoo from landry etc every once in a while but quit my subscription 2 or 3 years ago...

Does turning the system off for a couple of days before/after quad witch affect the results. those of us who have been trading many years take moves one way or the other with a grain of salt for the day before, day of, and day after triple/quad witch. your system is quite obviously a momentum...

***************** is somebody holding a gun to your head or are you just carrying a mistake o/n? traders are not stuck with positions, only bad decisions.

as a discretionary trader for 18 years in FX, options, and stocks my edge is position sizing based on my confidence level for that particular trade. that confidence level, whether you call it intuition or something else, is achieved from many hours spent each day maintaining a feel for the...

i'm not agressively tooting my horn in order to drum up biz like darren is for his $3,000 excel program or you are for your brother's prop firm. if i was i would be ready to post any numbers that people asked for. i'm quite confidant that if darren posted his numbers they would look pretty...

Oz is CORRECT their are many of us who have made that much multiple years trading prop utilising far less capital than darren. i'm sure darren is using multiple millions in overnights plus scalping against positions during the day to get his return. here are some suggested numbers traders...

the MAIN problem here consists of four letters... AMEX! about 13 years ago i went thru my whole AIQ database and deleted every single amex stock. unless it is an ETF i would strongly recommend trading on NY or OTC. forget those wannabe specialists on the scam exchange. it will cost you...

mschey i have studied a lot of data on it for years. four or five years ago you could make a lot of money setting an automated stop 1 tick form the opening print, immediately culling those that the specialist was not involved in. as the volatility has decreased that is no longer profitable...

higher volatility is positively correlated to percentage of gap opens being the hi/lo of the day. the lower the overall volatility in the market the higher the percentage of 'shakeouts' because the specialist is not participating at all , or very minimally, in the opening print. the...

unless they have revised the proposed rule the only way i see being able to get short on the open is if the specialist re-indicated the stock with a higher bid and he opened it at that bid. have they revised it to allow for shorting on a print between a downtick quote?