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His 2009 performance: http://www.shadowtrader.net/focus_r...ormance2009.pdf Nexen I looked at the link and must be missing something. Is this just a part time hobby? We are 4 months into the year, $4500 profit is a pretty small return if you have over 100 hours into trading this year. I...

I plan to buy some DIA at a lower price in the future, but if I've missed it, I think if you look hard enough you will find stocks, ETF's etc.... that haven't exploded yet and have potential to do so.

Now here I thought I had found a post with 13 pages of intelligent discussion, until I got into it enough pages. Is there some kind of ET rule that evantually these discussions have to turn to crap? Anyway, I know Mark is a conservative trader and following his advice is probably a good...

"The disadvantage to what I did- I missed some runs because I wouldn't buy on the bid as it was going up and sometimes I slipped up and got filled as it was tanking." Misprint- meant to say " I wouldn't buy on the ask as it was going up "

Ok here is what I am saying very clearly: I. SOES- I didn't trade stocks back then but had read that SOES gave rise to SOES Bandits as they were called because small orders (less than 1000 shares if I remember right) would go in front of the larger orders. So they too were buying on the bid...

That's true and it was before my time trading, but unless you are talking about buying and selling at the bid/ask simultaneously, buying at the bid and turning around and selling at the ask was pretty reliable for me if there wasn't a big movement. That aside, just curious if anyone else...

"As a retail trader you would not have been able to buy on the bid and sell on the offer unless the underlying had moved significantly." I don't understand this. My whole trading was of buying on the bid, then immediately placing an order to sell on the ask and pocketing the $8/contract I...

Don't know if any posters here were trading them some years ago when the spreads were $5 and $10, but curious if you find it more profitable now with the penny spreads or when we just tried to get in at the bid and out at the ask for the $3 or $8 profit

Larry McMillan had some pretty good videos out years ago that you can maybe find very cheap now. CBOE has the calculator for IV, probabilty of success based on IV etc... or you can use my favorite method now that the spread is a penny on the Q's: buy a bunch if the price is going up, sell...

"Most traders are losers primarily because they don't cut their losses short." I've had this discussion before so won't repeat it. I'll just say that if you are trading options, which often have a spread of 10% or more, and don't buy at the exact low point, your option will more than likely...

After reading this Q's trade post a second time, I realized I had been trading options on the Q's at that time. I looked at my records and I had bought calls at $130, $60, $40 and $25. Then on the day the market ran up I sold everything I had when I broke even on the trade. Then I went back to...

"wtf ur sample size is so low, and u call urself a successful trader???" I don't want to be "a trader" if it means losing $. I just want to dip in and pull out money when the opportunity presents itself in a manner that will have a high probabilty of being successfull . I like Tom's style.

"Don't think that can happen? You really believe that you can predict the market and keep cranking in the bucks with trades like those?" If you read through my post thoroughly you will see that I say I cannot predict the market, admit that I am at a competitive disadvantage and admit that if...

"Are you implying you have only made 3 trades over the past 6 years?" That's a nice record for 3 trades, smart to be patient and picky.

"How about you give it a try next time you have a loss. Less us know how your "hedge" works out!" On more than one occassion when IV is up , as a long stock position has started to move against me, I have shorted a dtm call for more than my entry price on the stock, either letting the stock...

"Dude, after you have a loss, no "hedging" is gonna save your ass. " That's a pretty stupid statement if you have any actual experience using single stock futures and options.

I've had this conversation a number of times on this board so will just say that in reviewing the scores of trades I made over the years that involved spreads of any kind, I would have made more $ by just risking the same amount of $ on a naked option position. My calls/puts that I capped at a...

Thinking more about this, if that was a short covering their position right before the announcement came out, wouldn't that imply some insider trading?

Well my friend who is still averaging down probably makes between $60-$100,000 per year trading part time and has been doing so successfully for about 12-13 years. He used to enter a position of 20 calls/puts with the intention of taking $20 profit per option. I've seen him then average down to...

Well I'n not one of the ones who got stopped out yesterday and I sold my shares in the premarket today at $27.15 for a profit of $20/share. I've traded other medical stocks that gapped up on the open after an announcement only to fall hard over the next few weeks. I believe the drop had a...