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If you watch the journal you see i did not post any sell. But as the other guy said it´s about exits. If it was real money i would not have let a winner become a loser (like you).. But i expected a larger move down for sure. But i will work some more on this myself to see what i missed.

Hmm..Strange if it won´t turn around on Monday. It´s a large measurement so it´s hard to get exact but i expect a major move down very soon. Not so hard to tell just from watching the Nasdaq charts. Should have bought a put with 1 month or so to expiration instead. Will post more exact levels...

Watching Spx around 1305 if we get there. Might sell then.

I will start trading these myself with small money and big leverage using cfd´s soon. Of course if you use 1 minute charts you don´t get as good risk/reward as when using daily. I am thinking of using hourly as well. Prefer cfd and similar over regular options since they trade around...

For $2000 i will also teach something i consider even more valuable since you can have stops just a few points away while the reward might be 10, 100 points etc.

Was a bit early there as i said. But it does not matter anyway since the method makes it able to have a tight stop and let profits run. In this case a put bought at 2/2 will probably be in profit soon depending on expiration of course. Also when it´s a high probability to make several 100%...

I will just take the best set ups and see how much the account will grow. Have only daily charts to work with at the moment so it might take some time between signals.

Aahh i really don´t want to sell this for $1000. Worth alot more for those who have alot of money. The richer you are the more you should pay. Fair? :)

If you want, take a look at my journal. Bought a put yesterday. It´s not real money since i don´t have that kind of account...yet..

That should start to scare a few. Flashcrash flashback..

Hmm..Could that be a small hs..hmm

Futures are down a bit so far.

:) Someone who buy at 999 but "NO WAY" at 1000 may have some problem learning to deal with emotions in trading anyway. But say 1999.95 then.

Ewt you mean? No i just have some books. Waves are part of this analysis though but not the Ewt kind.

Let´s see how much i can make. It´s a virtual account so i buy and sell the options at close. Starting with 1000. All in. Today i bought SPY1119N131 (2011 Feb 131.00 Put) for 0.57 Expires 19/2.

No soup for you!!! Was a bit early but it should be no problem. Today is the actual critical level where it will likely turn down.

At least it´s a very high probability for that. Buy a SPY put with a couple of weeks to expiration and make several 100%..

And now we will have a major reversal down in the indices.

Yes terrible misstake. I am so sorry.. :D

Well done!! :)