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Any thoughts on a reverse calendar spreads, especially since the market dropped more than 300 points on this past Friday. This may be a capitulation event coupled with a boost in IV. Of course, the challenge with a reverse calendar spread is the possibility that the underlying asset remains...

Jack Hershey, I appreciate the time and effort you've put into explaining your perspective on trading. However, the attachment really did not help. Do you have actual examples of trades taken, with the set-ups and exits for the actual trades? Can anyone else explain what Jack Hershey is...

I'm sorry Jack Hershey, but I simply don't follow what you're trying to convey. If indeed your ROI is about 16% per day (unless I missunderstood your point), you should be more wealthy than Bill Gates. As a matter of fact, 1% per day consistently over several years would have made you a very...

Samus, With all due respect, how can you possibly make $800+ per day with only $45k - $50k trading the equity market (and on occasion, the ES)? Are you getting 10:1 or 20:1 leverage with a Prop Firm? Walt

Debit spread strangles about two or three strike prices otm seems quite attractive to me from a risk/reward perspective...

FWIW, I thought it would be beneficial if we could collaborate, share and improve upon various option trading techniqes. It's a given that naked shorts are suicidal. Also, naked longs provide a slow bleed that eventually kills you (regardless of what Nassim Taleb asserts regarding his Empirica...

How does Don Bright's market opening order strategy work? I've come across various posts that reference it. I've even noticed his Journal on daily outcomes for the last sven or so years. However, I have yet to find anything that lays out this strategy's methodology. Can anyone help? Walt

Have you considered trading through a Prop firm? Bright Trading will give about $1 million in buying power with about $20k. Although the $20k deposit is at risk with a Prop firm, that's no different than trading with a retail broker. Futhermore, retail brokers do not give that kind of...

which direction????

Joe, I just sent you a PM. Also, I asked if you were familar to the strategies posted on firsthourtrading.com and 60minutetrader.com. Is anyone else familar with the strategies/techniques promoted on those sites? Walt

Joe, It appears that your perspective on the 1st hour of trading conflicts with the early posts by maxpi and da-net. Maxpi agreed that many of the Bright Prop traders trade with the 1st hour's direction. Also, da-net was kind enough to attach a web seminar by Dr. John Clayburg. Dr...

Currently, I use MT4 for OTC/spot forex market and Optionsxpress for equity, futures and options. I'm considering bloomberg or esignal, although I've read mixed reviews on them. Perhaps I should give tradestation more consideration. There are a few veteran traders that I've interfaced with...

Price action and news fundamentals would be my primary tools. In addition, I would monitor the relative volume during the opening hour of the market. Walt

Thanks guys for the invaluable references. Interstingly, many "gurus" will advise against trading during the 1st hour due to abnormal volatility, which causes wild whipsaw swings. Others contend that the 1st few mintues or the first 30 minutes or the first hour determines the direction for the...

I created this thread on the Strategy Trading sub-forum; however, I received no responses. Hopefully, others more familar with this topic and more willing to share their views will occur in this forum. Nonetheless the issue is as follows: Does anyone have extensive experience (or any...

Does anyone have extensive experience (or any experience for that matter) with a technique of trading only within the first hour after the equity market opens? I understand that such a strategy can be applied to the stock or futures market. I believe that Don Bright promotes a similar strategy...

Good try Blackdiamond... However, short straddles on the day of expiration ATM don't have enough Premium (even if they're overpriced) to enable the HF to earn more than 100% per year. Atticus stated that the objective is to incur an assignment, so you may very well be in the "ball park". I...

What type of spreads do you buy... ratio spreads, credit spreads such as an Iron Condor, backspreads or some other? How fare OTM are you when you buy them? Hopefully you don't mind me asking these questions... Walt

Thanks for the reference; however, I posted my confusion about such a tactic on that thread. Hopefully, someone can demonstrate the profitability of such a system. Walt

With all due respect, I don't get the logic behind Atticus' system/suggestion to the HF. Dispersion trading with ATM short straddles on the day of expiration while having a plan for assignment thru pin risk does not compute for me. Can someone be so kind as to explain how this makes sense...