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Hey, You are very right, I just bought some puts and am already out 40 cents because of the spread... and my confidence is waving, haha. Whose first trade was an iron condor? I'm not sure if you were referring to me in this post. Also, no trading yesterday.

I did start with 10K and am up since I started; You are correct, I still have to wait for the option trades to settle, which takes 1 day, so by market open the next day I am able to trade again. Was that what you were saying? Sorry, to clarify, I am not making multiple round trip...

Hey FitForLife, What does it matter to me if the majority of options expire worthless, if I'm only holding ATM options for, maximum, 6 hours? I will look into trading spreads as it has come up a lot and at the very least it will be good to become more knowledgeable about it. Thanks a lot...

Can't take advantage of these kinds of moves, I'm always afraid of gaps in the wrong direction Oh well.

Hey, I am in a similar place as you although a little further from graduation. Are you speaking of prop trading firms, prop desks at investment banks, or Sales & Trading divisions of ibanks? I really doubt you would want to do S&T, as I understand it they just trade flow all day.

Very interesting, I was taking a look into barrier/lookback options and was a bit confused as to how they work, definitely piqued my interest though. How do you trade vol bets? What is your opinion on the VIX? It seems like I was late to the game in buying the calls, as there was already...

Wow, that attack came out of nowhere I'm actually curious now haha, what is your strategy (and if you don't mind sharing, performance)? (Not that I'm agreeing with the other poster's post) Basically, I arrived on my strategy before I opened my brokerage account (actually, my "discovery"...

Thanks maxpi, good luck to you too. Today's performance was not as great as I would have hoped. Altria leaps lost value today as a result of the Fed announcement, effectively giving me 4% paper loss today. This was counteracted partly by Vix calls I bought yesterday (just 1, dipping my...

Hey FerdinandAlx, Right now I am mostly trading options daily to build up a certain amount of capital so I can "invest" (?) in LEAPs for companies I feel are undervalued or poised to appreciate within a certain time frame. I haven't really done any spreads trading, it's something I've been...

Haha, coincidence that your example of how NOT to trade accused me of being someone else? And yes, I'll have to agree, his trading style seems ridiculously risky to say the least.

I've been reading for a while but this is my first ID

Hey all, Yet another young trader coming onto ET with outrageous claims. Some background: I have been watching the stock market and paper trading value plays for about 5 years, dreaming of becoming the next Warren Buffet, etc. etc. Always thought technical analysis was a bunch of garbage...