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    HowardCohodas Index Options Credit Spread Trading Journal

    Using a copyrighted picture without compensating the copyright holder is not a good position from which to preach ethics.
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    HowardCohodas Index Options Credit Spread Trading Journal

    Buy a $10 stock hoping it will go up 10% in 60 days. Reward 1$. Risk $10. Your thoughts?
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    HowardCohodas Index Options Credit Spread Trading Journal

    That is not part of my interview. Until you pointed this out, I thought that the link they would provide would be to my email address for more information. Paul did mention that the website was not working yesterday and I did tell him it would be up the next day. I should have been more obvious...
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    HowardCohodas Index Options Credit Spread Trading Journal

    If you want to be treated seriously, try a different approach. Without fact to back up your premise, you are not worth my time.
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    HowardCohodas Index Options Credit Spread Trading Journal

    Real money trading is the only true test of a strategy and I have only been doing this with real money since Aug 0f 2010. Part of my due diligence process was to back test using 2005 through 2009 data. I also paper traded for 5 months before beginning my preproduction step (small money trading)...
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    HowardCohodas Index Options Credit Spread Trading Journal

    A good place to start would be to read, understand and try asking a question without an ignorant and/or false premise.
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    HowardCohodas Index Options Credit Spread Trading Journal

    A perfect example of an ignorant statement showing no understanding of what I practice.
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    HowardCohodas Index Options Credit Spread Trading Journal

    I don't see how the interview violates the advertising policy. I did not mention anything about selling anything in the interview. I am not yet teaching anyone for money. I have taught family and friends for free. I have stated this before. At the moment, all I offer is FREE stuff. Should...
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    HowardCohodas Index Options Credit Spread Trading Journal

    The vitriol is expected. The ignorance displayed in the recent posts is appalling. Constructive criticism of my methods is acceptable and in the fine tradition of the Socratic method. If the criticism is to be taken seriously by me or the readers, it should at least be based on stuff that is not...
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    HowardCohodas Index Options Credit Spread Trading Journal

    There is only a little clue of what goes into it from the interviews that ToS has with the developer. However, I chose it because it closely approximated my own calculation which used Monte Carlo methods to estimate what I called Probability of Reaching and used days to expiration and implied...
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    HowardCohodas Index Options Credit Spread Trading Journal

    I don't recall. However, I paper traded for 5 months before funding my account without any hassle.
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    HowardCohodas Index Options Credit Spread Trading Journal

    For the volatility strategy I use (Fixed volatility per expiration date) a PoT of 20% is equivalent to a delta of approximately .10. However it is not symmetric with PUT and CALL sides and I don't know how close the relationship holds between PoT and delta in higher volatility regimes. P.S...
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    HowardCohodas Index Options Credit Spread Trading Journal

    Yes. But you can also use delta as a good proxy. I like PoT because it directly represents my chances of having to close the spread rather than let it expire worthless.
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    Working on Consistent Profitability

    From "All I Know About Options Trading, I Learned in Flight School"... The ideal pilot is the perfect blend of discipline and aggressiveness.
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    HowardCohodas Index Options Credit Spread Trading Journal

    See response above to sellindexvol66. The only way I can use your cautions is to actually experience them even if only with back testing. I did use data from 2005 through 2009. But I did not see the difficulties you describe. Could you narrow down the search space by telling me the underlying...
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    HowardCohodas Index Options Credit Spread Trading Journal

    Please be more specific so that I can learn from your experience. I did not back test using 2001 data so I would like to test my rules against the period you allude to.
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    HowardCohodas Index Options Credit Spread Trading Journal

    The "black swan" event is always a possibility. Here are the protections I currently teach and employ:Completing an Iron Condor not only provides extra return without additional capital requirements, but also helps place your portfolio in a delta neutral (without market bias) position.If one...
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    HowardCohodas Index Options Credit Spread Trading Journal

    I practice what I teach. I teach that a trader should never trade with funds that he cannot afford to lose. I can afford to lose it all without much impact on my life style. I would be unhappy, but I can afford it.Since trading with real money there have been up months, sideways months and down...
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    HowardCohodas Index Options Credit Spread Trading Journal

    I evolved to believe it prudent to take some diversification measures to help ameliorate black swan events. I am working on some additional measures as well. Can't keep the engineer from tinkering. :eek:
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    HowardCohodas Index Options Credit Spread Trading Journal

    I do RUT as well. It is not as strongly correlated with NDX but does not have weeklies. Also, some of its components may not open on Friday so settlement is not until Saturday. I can't use the released funds again until Monday. It is part of my time-space-market diversification strategy.
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