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I agree wholeheartedly. Success breeds success. And I agree, it's far more difficult to learn from other people's mistakes than from your own. But it's a lot less painful...

As far as being overwhelmed when the numbers get bigger, you're right, I can't predict for certain that I won't. But I've planned for that and I'm ingraining a variation of a success strategy I've heard top pros using. Completely disconnecting the numbers on the screen and real money...

I wish I had time to read. When I succeed, I'll have the time to write. Forgetting how... My career brooks no distractions. Thanks for the message. Likewise, wishing you success.

What is my short-term goal? To gain a firm understanding of the mechanics, to ingrain my rules, and to have 15K in my trading account by the second week of March. I don’t expect to win 8K trading. I simply aim to have 15K in my trading account. The majority of that will come via...

I’m swing-trading equity options and placed my first trade on 7th December. My current account size is 7K. My mean hold period has been 9 days. Overall, I’m -2%. I’ve been keeping it simple, speculating on direction with puts and calls. I’m trading with the trend. I...

Miss NHS is an insatiable mistress. The supple seductress with the wicked wiles. Her charms are enticing, her perfume intoxicating. Smiling as she leads us blindly down the primrose path. Luring us ever deeper into an institution from which there is no escape. To stream amidst the...

Every single trade will be profitable. That’s right, every single trade. How is that possible? Simple. In my mind, there’s no such thing as failure. Profit is not merely confined to the fiscal and every mistake offers a valuable lesson. It is our duty to search these out...

London. And the National Health Service isn't the most generous employer... Thank you. Thank you. I suspect you may have noticed the main impetus for liberating my time. This was only a recent find. I stumbled into a trader, exuding passion for his art after thirty years in...

I'm risking 1% to make at least 2%, placing frequent trades, will freely tie up most if not all of my equity, and have a short holding period. To begin with, I don't expect to make money quickly. But I think in the long run, the absence of debilitating losses will more than compensate for...

Human psychology and human emotion. You cannot quantify the unquantifiable, nor chain the illogical with shackles of reason. You cannot model for the vacillations of the fickle. But recurring patterns occur everywhere. The pattern recognition ability of the human brain is...

It happened by chance, four months ago. An unspoken promise; to be liberated from the chains of limitation. The specifics are irrelevant; suffice to say my curiosity was piqued. Trepidation and skepticism were my allies as I began my journey, stealing onto paths unexplored, tiptoeing in...

Rereading these posts decided this would be more appropriate in the journal section. Hope I didn't disrupt the flow of your post. Happy trading.

I think POOL and CPTS look promising too. I'm a huge fan of constructive criticism, so feel free to tear apart my neophyte analysis. That invitation is open to everyone.

Downloaded it last night. Didn't notice any problems.

Meant to say dark hammer.

Hi all, Decided to join the party... A prospect I'll be watching closely on Monday is HIBB. A steady long-term uptrend, which has recovered nicely after a dip in late summer. Posted a 52-week high yesterday. Today, gapped down $2 to a very strong support level and the buyers...

Pesky premium? What about outrageous b/a spread??!! I bought a GOLD call today. 0.40 b/spread! That's 12% of the premium! I understand what you're saying. I think that will be the next step. For now, I've decided to stick to ITM calls while I get to grips with the mechanics of it...

Are there any really outstanding trading/options books? What do you think of 'Option market making', Baird, 'Options as a strategic investment', MacMillan and 'Dynamic hedging', Taleb. Considering reading these. I see what you mean about PAAS. It's been added to my 52-week highs watchlist...

Hi Walther, I think you may be under the impression that I'm daytrading. Far from it, my mean hold period so far has been 8.5 days. And I'd prefer to use the word challenged. :D

Meant to say resistance instead of support. It was actually a 55% position loss. (lost $60 on a $110 OTM put). When I quoted 10%, that was the theoretical maximum I'd invest in one position. In reality, most of the calls I've been looking at have been around $3.5, and the most I've spent...