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Don't know about contrarian indicators, but the trend this week is most certainly down so far. Market not making highs on what I consider pretty good news also, so I am bearish for the next few days. I have a call spread that is still too close for comfort. Not sure what I am going to do with...

1269.01, Bob!

Well, there's one thing we can agree on. :) I'll let it lie, as I don't think from a practical perspective it matters. I had enough of academia in college.

Hey there. I enjoy your posts, so don't take this personally, but I have to disagree with you on this point. When your analysis tells you the ES trend is up, and you enter the ES long at 1226.50, you are predicting that the trend will continue and you will be able to exit at a profit right...

Dammit.

I just opened a DEC 1275/1280 short today, so make room in the boat! Got a .65 credit towards the end of the day. I know that is kinda close, but the risk/reward is still right. Assuming the extra edge of selling the call spread on a runup is with me, I am well positioned for the down days...

I'd have to agree. The software sounded interesting until I read that. Now I would definitely not consider using it.

Do you need to do anything special to make this happen? Or you just buy them and the margin calculates correctly? This works at both TOS and OX?

Wow you guys just love to make things complicated huh. So, all I need to do to prove that the market is NOT random is to give ONE counter-example. If you don't like any of mine, I'm sure some more people can come up with some. - Buy the rumor, sell the news. - You are not going to...

Well, I ended up going long a 1255/1265 call spread at .40. Only did 10 contracts, and it is only a third or so of my profits that I have closed out in the last couple of weeks. It is good to see how the other side lives, :cool: but for some reason I feel like I just bought a lottery...

I don't have all of the answers, but I'll share a few thoughts. Although I have most of my days free currently, I have zero desire to sit at the screen and watch squiggly lines all day. I currently check the market when I wake up then 2 or 3 more times during the day to keep my finger on the...

Risk is 5 bucks X 100 X 300 = 150k Yes?

Notice it is only a 5 point spread, so still 6% credit as Coach states. But I kinda agree with you. I really don't want to open a put position on an upday myself. I'd rather miss out on some action than to get in on the wrong side of the swings. Maybe I am spoiled by this non-trending market...

I am not personally in any calls currently, but I would be a little anxious if I was. I think the market looks pretty strong fundamentally and technically for the short term. I was never able to get good credit for anything that I felt comfortable with on the call side. I still can't for...

Interesting points, and I think I agree with many of them, but I'm not sure how helpful this long-term of a view is helpful in day to day trading. How long do you hold positions? I hold 1 to 5 weeks usually, and I don't really look this far out on the horizon. Maybe I should. :cool:

Thanks. I have no complaints about how things fell out, but there is always room for improvement. I am starting on more of the conservative side than many here it looks like. That's where I am more comfortable for now. And I'll add a thanks again for this thread coach. This site could use...

For the record, I had the 1125/1140 put spread and received a credit of .65. Lesson learned - Don't be greedy with your nickels when you have a good profit and are trying to get out. I could have gotten out at .15 a couple weeks ago before the big dive down and then I would have had the...

I keep attempting to steer this discussion to the topic of the thread, but I give up. It appears you guys are too busy slapping each other's backs on how amazing Linux is and how much all MS tech sucks. I'll leave you to that.

Nice strawman, but that wasn't my point. My point was there was a perfectly acceptable MS solution, but someone decided to trash it and replace it. This does not make good business sense. You just doubled your development cost. .NET is a tool, just like anything else. I try not to get...

Interesting. I think that is certainly a feasible situation, but that is not the way I have seen things happen. I have worked for 4 startups since 2001. All 4 of them used MS technology (which is funny because MS technology is not where most of my experience is). 3 of them were 5 people or...