Search results

Date SLV Calls Price Puts Price Value UPnL Entry 40.2 5 4.65 5 4.50 $4,575.00 7/27/2011 39.28 5 4.15 5 4.92 $4,537.50 $(37.50) 7/28/2011 38.74 5 3.85 5 5.10 $4,475.00 $(100.00) 7/29/2011 38.76 5 3.91 5 5.17 $4,540.00 $(35.00) In case anyone is...

I recommend addressing your account equity curve in advance. What will you do at various equity/time points? What if the account hits $30k? $20k? $0k? And what if it hits $50k? $100k? When will you take money out? How much? You get the idea. The only time to discuss these...

Take $30k and open a cash (not a margin) account. Give your wife control of the rest and instruct her to shoot you if you come and ask for more trading/investment money. Risk very small amounts ($100-$300) in any given trade with your new 30k account. You are not trying to make a living...

Open questions, for opening a straddle: How does my arbitrarily-chosen tactic of buying ATM options compare to finding the best value among nearby strike prices, using Black-Scholes? How does my arbitrarily-chosen tactic of buying expiration 6-months out, with a time-stop for the trade...

I put on a SLV straddle today. Interested to hear if anyone is doing this with SI FOP. Check out my journal

p.s. SI FOP DEC 41 P/C is $3600/$3950 at the moment. I'm not sure how good an idea it is to get involved with FOP on such a big contract (margin is ~ $25k) with an electronic, discount broker, which is all I have, so I decided against it. Hopefully others can comment.

Here is a visual representation of the trade. You can see if SLV continues to move as it has in the last year, this is going to work out well.

Fills Using "SMART" order routing on IB. Put in LMT @ the bid, 5 contracts, Jan 12 SLV. For the C is was 4.65 For the P it was 4.40 C's got a partial fill (4 ctcs), CBOE, and then the last ctc 5 min later. P's had the market move away, to 4.45/4.55, so I changed my bid to 4.50 and...

I hope to gain some experience and insight into straddle trades (simultaneous purchase of a put and call, same strike, same expiration) for both futures and stocks in this journal. I hope it can be a joint journal (others can talk about their own trades). I don't plan on doing many of them...

Time stops are very powerful but you need to gather statistics for very specific setups. Profile the set of winning trades and you will find that a large percentage of them work within a given amount of time. There's your time stop.

OP, read Justin Mamis, "The Nature of Risk". It is pretty much a book written about your question. I love what BSAM said..."the markets do the same thing every time". It's true! If they don't, you are being too picky or precise in how you are characterizing the market action...

Lloyd Doggett (D-TX 25th) upset defeat on the way. His opponent is Donna Campbell, M.D. Remember this? A crowd of protesters show up to demand he votes 'no' on Obamacare... then shortly after "he's more resolved then ever to pass a health care plan". Fast forward to today and 1 in 4 from...

Technical analysis doesn't predict ANYTHING in the sense that you are using the term "predict", OP (i.e. prediction = determinism). TA gives us conditional probabilities.

Hi Engine, I have a few suggestions that you might want to consider. I'm guessing that in evaluating how well you are doing, and evaluating your backtests, your main indicator (if not sole indicator) is P/L. (Excuse me if I've got this wrong, but all I have to go on is what you've written.)...

The author of the article left out a critical analysis component. He talks about the risk/reward: but not the probability of success or how he estimated the probability of success. And of course it's more complicated than that. For a given entry/exit scheme there is a distribution of...

Please refrain from personal attacks

In order to do this, you've got to have a rules-based system where the discretion is in one or more of the rules. For example, an entry rule such as "enter on breakout of a significant s/r area in the direction of the underlying trend". The part in quotes is the discretionary part. Now...

Just closed all my shorts for an extremely small loss. See below-- over the past week when the market declined, the hi/low ratio made a higher low. Looking at a bunch of smaller stocks I trade, about half are hitting new highs. I am thinking about getting long for a quick hit on an upwards...

peil, I have had the same sorts of things happen to me, both in trading and poker-- where you're past something for years-- and all of the sudden you go back and make a rookie mistake. I think it means we have temporarily lost the ability to accept losses. We get used to the good growth in...

Spent yesterday and this morning getting short in various and sundry areas. Waiting.