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I thought your posts were great. I'm pretty much a poster child for the suggestions you outlined. Thats why I gave my experience, to agree with what you were saying. But I have been impressed with Bronks trading, and the fact that its mostly discretionary.

With a 20 page ruleset can one person be all those traders? How often do the price dynamics change your mind as to which strategy should be ideal? Is it a tick by tick decision. or for example, do you see theres no follow through in momentum today so i'm going to fade breakouts.

8 pts on 5 trades is great trading. I would agree that you could not consistently do that without a "concise and pinpointed" system, that eliminates all emotion and bias from a trade. Thats what i think, what i see is Bronks make consistent profits. His results suggest some sort of edge...

Thats the distinction i was trying to make

got it, thanks. Tried oscillators for triggers before but stopped using them except on larger time frames for divergence signals. As triggers they were whipping me around too much, funny that now i may use them as filters to keep me from getting whipped around too much. Guess its all in the...

Anticipate a Lower Low is not a setup i trade, it was just some kind of desperate stupid trade. 2cd trade not as bad, but I was chasing some so i just got out at even. 3rd trade was good plan, i read strong bear momentum. I considered trades at both purple arrows, but could not justify them...

I hope the advisory service works out for you, I thought you were doing great without it. Your results are much better than mine. From mid march through June I made 192 trades. 92 gains ave. $1.52 pt.; 102 losses ave. $2.66. That includes $8.82 rt comm. July has been worse so I'm going to...

I though you had to wait 3 days for settlement, to use the cash again. Is that wrong?

I dont have any answer but have been wondering the same thing. I would say why try to play the market makers game from off the floor. If you know the rules well enough, maybe you can take advantage of what disadvantage the mm has. The above would be finding an edge in the...

I was patiently waiting for a setup to develop today and when it got close i looked over at trading platform to see that qcharts was lagging behind and my plan had already passed me by. This has happened before, so I tried esignal today and i totally agree with you. I've used esignal before...

Is there a way to compare volume with a the same time period from the previous day.

You dont think a July 30 call is worth $25, you must be losing your mind. :) I think he means 25 cents, that looks about right.

Do you use it for anything in realtime. Or is it too cumbersome?

For me i have realized I'm not as honest about my emotions as i think i am. The infamous no-brainer day, May 08, was a big setback for me. I kept shorting, lost my composure and kept shorting, then started chasing long. In hindsight the bull momentum that day was much stronger than today...

--------------------------- I like Larry Walker, still uses two hands every time. He knows what could happen if he becomes too complacent. :)

Thanks Trajan, I'm going to look for those cheap flies. My reason for using options in the past was simply for leverage, and based 100% on the chart of the underlying. Sounds like you and rs7 agree with Mcmillan about verticals being a poor choice for traders. To speculate on...

__________________________________________ ________________________________________________ Are you referering to the cost of the butterfly? I did not follow what you meant by the value of the vertical spread determined by the cost of the box either. I followed...

Trajan How do you determine the ratio. Is the +60 delta and -36 gamma the key relationship. I planned to follow the greeks on this trade but i have not found free online data. Ivolatility is still showing data from Friday. If you consider closing 3 trades today vs Friday...