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    90% traders don't make it???

    Ifinitis......I couldn't agree more. Wasn't much of a technician and used to rely on fundamental analysis alone and had some success but, I realized the last couple of months of attending seminars (since, April 2005) left and right and reading up and understanding how the markets work----I have...
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    Developing a Trading System?

    Tyler.......Only thing I can say is practice, practice, practice, study, study and study. It is a combination of what I have learned from different sources which I am using. A speaker at a seminar said, "you have to develop your style." What works for me does not necessarily work for you and...
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    Can scaling/averaging down be a viable trading system?

    >>>Am I doomed to eventual failure with a system that scales in as price goes against me? <<< If you keep going against the trend----you will pay dearly. When a stock is going down, it is because a huge number of people are selling and there are few buyers. Also, you never know how low a...
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    Writing options for a living

    I have enjoyed reading the diverging points of view as far as trading naked calls/puts versus just buying the calls and puts directly. Since, the risks are unlimited for writing calls/puts and the profits limited, doesn't it stand to reason that it is better to just buy the calls and puts where...
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    Why Most Retail Active Traders Lose

    >>>I'll counter-trade a trend-follower any day of the week.<<< The trend is your friend. Ever hear of that? Think what will happen when the big money coming from institutions is buying a certain stock. You fade the stock or go short. Heaven help you!!! You will be bankrupt long before you...
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    Writing options for a living

    >>>Unlimited risk yes.......but manageable risk at that.<<< If one insists on writing naked puts and calls----one is asking to go bankrupt. Thinking of my last option trade on UAIKH (ANSI stock) Nov 40 Call----if it were to have skyrocketed say 20 points----the writer of the Call would have...
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    Writing options for a living

    It is probably the riskiest thing to do with options. While, still a newbie, I have figured out that buying puts (if you expect a stock to go down) and buying calls (if you expect the stock to go up) is the more sensible and less risky approach to trading options. Timing is another thing...
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    Developing a Trading System?

    I am quite new to options but, have been learning a lot in the past 3 months and paper trading too. I just bought 3 options positions on LSCP (sorry cannot remember options ticker), made $460.00 on $740.00 invested, UWTXE (option ticker) bought this at $2.05 a contract (5 contracts) and sold it...
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