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MICHAEL I am only fairly sure of one trade like this a week. Sometimes two. This week I think has been exceptional because of the sideways action of this market for this week. Once you get some money the idea is raise the ante, or bet size. I´m fine tuning the TIMING and entry and...

Micheal Did another long PUT position this morning. Being a counter trend trade I just went for a quick dollar. Barely made it. 5 PUTS NOv. $10.40 and sold at $11.40 = net + $464 I was basically just seeing if the trade would work, with the signal I got. Don´t like to trade...

Michael My regular weekly credit spread was the lower one. The PUTS. 50 520/515 @ .25 cents I also put on another one trying to make an Iron Condor in the WEEKLY but made a mistake, as I was trading the long positions in the November Monthly TOS option chain. So I accidently put on...

Michael Yesterday I did get my credit spread in. So we wait on the results of that tomorrow. I also put on another long CALLS trade in the morning that reversed on apparently a false signal. I held it through the day, and decided to put on another trade in calls, when I get the signal...

Elite Trader es I presume is E mini?

Stanford Well my straight buying of PUTS worked out good. Put on yesterday late, this morning I got out at $14, bought at $12 yesterday and made a net after commissions + $964 5 contracts Nov. PUTS OEX 540 at $12.00, sold at $14.00 16% return on capital invested. ( $6000 ) Net...

Trading Journals, Michael Stanford and other friends. Got an order in today Monday for PUTS in the OEX, then later in the day realized I had bought a weekly order and not the monthly NOV order. Rapidly ran upstairs to my trading room and using battery power for the computer, got out of...

Belize 7:30 a.m. Monday for North American Stock markets opening, on this Monday morning. HURRICANE RICHARD went through here last night. Hit the coast at a Force 2, and passed over us a 100 miles inland at Force 1. Bit of debris around today. The electricity has been off since yesterday...

Stanford Week's take was two trades. A long position and a credit spread. 5 Nov Calls sold at $700 - $36 comm = net + $664 50 OEX 540/545 Credit spread calls @ .15 cents was $750 - $160 comm. = + net $590 Total for this week of trading was + $1254 PRETTY MUCH THINK I HAVE MY...

Trading Journal Trying to get a reading for FRIDAY off your USD and EUR. The Euro seems to say a down move today Friday? That would be okay by me. Now to see if that reading the EUR turns out to be accurate short term forecast?

OOOOhhhh! I was counting on a TR of 6 points. Which would stretch things for me. But just checked the TR and it is 8.11. Bad news. I could get hit tomorrow, will have to be watchful and close early if threatened on the credit spread.

TJ Got a strong signal for the upside. Might have to watch close tomorrow and close out my credit spread quick. Instead of going through to afternoon expiration. My darned thing was very near and inside my safety parameter for a trade.

Okay for better or worse I took my signal and got the credit spread in. Now we wait and see. Got a couple of scratch paper trades for those butterfly trades to see how they do. One in CALLS and one in PUTS. Need to learn what happens?

Stanford I dont know anything about the settlement thingy and different indexes. I'm too small a fry in this big pond, to be able to do much about it either way. I always figure if you get the biggest or near biggest volume and activity, these things will take care of themselves.

TJ I think it is forming a head and shoulders, which means after going up a bit,it should go down. We have the left shoulder, the head pattern and I´m waiting for the right shoulder, should it occur. I've almost got a turn, but not quite yet at this moment. 10.25 a.m. local time in the...

Darn! I'm having trouble with TOS this morning. Click on my order for a vertical spread and my web page gets frozen. Difficulty on getting out and re-loading. Don´t know if it is my ISP or with TOS But I missed entering my weekly trade which would have earned me $750 this week. I´m...

Michael I don´t understand that question? ___________________ ELITE TRADER I theeenk senor, I am misunderstanding things. From trying to enter the butterfly in TOS I see now that there is only ONE SOLD option at the middle of the butterfly. A butterfly...

whooops!!! Something wrong here. Decided I like that trade and would use TOS brokerage account. But when I clicked on type of spread BUTTERFLY, what I got was a spread ALL in PUTS. Where what I wanted to copy my scratch paper trade was one side in Calls and one side in PUTS. Running out...

Okaaay! Will start again. Wednesday, last 15 mins of trading. Two credit spreads, one in PUTS and one in CALLS Calls sell 530 @ $5.10, buy 545 @ .10 cents for + $5.00 PUTS, sel 530 @ $1.30, buy 515 @ .25 cents = net +$1.05 Total credit for both credit spreads are: +$6.05...

Two credit spreads mated together make a butterfly???? Wonder what I´'ve been doing wrong then? I've been putting a debit spread on top of each credit spread.