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Nodoji, thanks for taking the time to painstakingly provide the details on the fundamentals of price action trading... Please note that your efforts are highly appreciated by many. Since you've stated that you probably won't write the book on daytrading, then perhaps you'll consider...

Were those accts strictly short straddle strategies? Walt

I understand that Think or Swim may have the scanning/filtering capabilities I need; however, I'm reluctant to use them because their rates are materially higher than IB. I know I can use them sparingly for a few transactions, while using IB for most of the transactions; but I don't think...

Does anyone have experience with a good option strategy scanner/filter for stocks & futures (vertical & calendar spreads, iron condors/flys, short/long strangles/straddles, etc.)? For example, I would want to select certain criteria (i.e. debit/credit amt; Net increase/decrease in IV, Theta...

What scares me is the potential "overnight black swan" event. Adjustments with options and/or underlying can be made during RTH; however, after hours becomes a horse of a different color... a stop order for the underlying (or futures equivalent) would be my best bet at guarding against the...

I daytrade and swing trade...

The problem with using QM is that it doesn't allow me to take advantage of the dynamics associated with options. For example, there are some hedging strategies with options that profit due to the movement of the greeks (theta, delta, gamma, vega). Those advantages would be lost with QM as a...

Calendar Spreads (i.e. May CL with Sept CL) offer reasonable bid/ask spreads; however, they hardly move... Most folks who trade CL are looking for action. Horizontal (Time) Spreads on CL futures is often like watching paint dry... This is why I've migrated to CL options. I suppose that a...

I'm glad to hear about your inquiry on hedging... I posed a similar question to the group a few weeks ago, but since no one responded, I assumed that there was no interest. I'm currently testing a few hedging strategies with options; however, the bid/ask spread is KILLING me... Walt

this may be outside the context of this thread, but has anyone used dynamic hedging with collars (aka risk reversals with their long or short entries)? The good news is that it limits risk, but the bad news is that it limits profits too. However, it seems that over the long haul it has a very...

Good stuff... thanks for the link. Walt

I should have known, "When in Rome... - go with the TREND"!

Is this price (87.20) the sign of a pull-back or reversal????? I'm betting on a pullback...

thanks for the notice on the webinar... btw, I'd like to officially thank CL for teaching me to control my emotions as I leave money on the table... Instead of banging my head on my keyboard for getting out too soon, I'm trying to have lovingly peacful thoughts of the winnings I attained...

because the volatility was shaking me out of several trades, I decided to call on mr. shake-out's kyrptonite (aka avag down)... but I should have also avg up when it started going my way. In this case my stop loss & proft target was based on my unrealized p&l value.

I apologize, as this post may be a bit off target for this thread; however, it's applicable to a volatile instrument such as CL... With that said... has anyone tried to develop a technique that averages down and averages up? By averaging up you offest the negative risk/reward associated...

The only trades that's been working for me in this environment is averaging/scaling into my positions. The general direction is obvious; however, my timing needed help from the dreaded "avg down", which I know is like playing with explosives...:)

given the divergence now occuring btwn ES and CL, perhaps it's a good time to short the CL & long the ES... any thoughts...

Too funny!!!! No wonder K.I.S.S. is an axiom...

It seems that a consistent pattern lately is the heavy movement of prices at and shortly after the market closes. I wonder if many institutional traders/investors are waiting for the bots to close for the day before entering their positions; although giving a few ticks on the entry price is...