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Gun Facts - Your Guide to Debunking Gun Control Myths Full disclosure: I participated in editing one of the versions of this document.

It's looking good for beginning my series on my trading methods this weekend. Here is a preview. I do not use a fixed percentage distance from the underlying trading instrument price for my short strike. Rather, I use a metric that estimates the probability that the price will reach the...

Yellow = Pay attention Whether as an opportunity or in jeopardy.

14 JAN 2010 Trading Plan The Dashboard above informs me as follows: Opportunity - Takeoffs are optional Spread #61 is unpaired. Opportunity to form an Iron Condor. Spread #50, #77, #69 and #61 at more than 80% of capped profit. This is indicated by the cell in the Spread P/L column...

Trading credit spreads has often been likened to picking up pennies in front of a steam roller.

What aspects of the content make it superior with respect to designing trading systems?

Calling me an old timer is one of the nicer things said about me lately. :eek:

13 JAN 2011 Trading Summary Iron Condor #30 Today was the last day of trading for the NDX weekly. Spread #76 was showing a 30% probability of touching so it was closed to avoid market gap risk. It yielded 78% of its potential for a money at risk yield of 2.7%. Spread #75 was allowed to...

All of the data shown in the spread order entry form on the trading platform I used are based on the Mark price, i.e. halfway between Bid and Ask. My position statement is based on the Mark price. My trade activity is based on the Mark price. You get the idea. :D

They have temporarily fudged by making a buying power adjustment to my account, so I'm open for business this morning.

Keep in mind that most traders view their risk from where their stop is set. For me, it is 20% on an individual spread basis. The 40% number comes from the account risk from a black swan day. There is no question that this trading strategy has risk characteristics that may be outside the...

This is a graph of the Iron Condor in my Dashboard expiring tomorrow (trading ends today). It is from the ThinkOrSwim desktop platform. I opened an account with them that remained unfunded for five months while I paper traded.

When my wife thinks I'm doing something too risky she writes it cOhOdas. :D

13 JAN 2010 Trading Plan The Dashboard above informs me as follows: Opportunity - Takeoffs are optional Spread #61 is unpaired. Opportunity to form an Iron Condor. Spread #75 is at 100% of it's capped profit but has only 0 days left until expiration. No opportunity to roll. Spread...

Journal entry under Trials and Tribulations THIS ACCOUNT HAS NO AVAILABLE BUYING POWER This status came about because one of the spreads I opened yesterday had a leg adjacent to another spread in the same series. Their quarantined funds calculator thinks I was trying to form a butterfly...

Apparently neither brevity nor spelling are your strong suits. :D

I've been busted. I did not carefully read the content, only the thread title. And thus, my response.

Unlimited risk. I may trade options naked, but I never trade naked options.

12 JAN 2011 Trading Summary A roll was executed within Iron Condor (#15) by closing a PUT spread (#70) and opening another PUT spread (#78) closer to the NDX price.

Beyond my experience or ability to explain. :confused: