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let me just offer this up in the FWIW category. On May 20th when you went short YM @ 15301 the market opened up and initially was trading abt 15240 (good shortbtw). At market open you could have sold a June 15050 Put for $500 a contract so at 10 contracts= $5000 big ones in pocket and you...

However you went short 10 YM (June, I presume) contracts at 15301...which was a great trade had you closed sub 1500. Today YM June is trading at 15311.

wow..talk about a "trade" gone bad...

Feel your pain Luis..in 2008 one of those weeks we were crashing I was on vacation in Palm Springs..needless to say vacation was ruined.

I am focused on the ES and yes May was rough but I pretty agressively sold puts to help offset the calls and was long ES (mostly as day trades)cash much of the time as well as long call spreads (on the weeklys). Thats how I survived May with little damage.

:D

I'm not exactly doing calendar spreads per se, because when I initiate a trade for a farther out month it is usually as a straddle based on where I think the market will be in a month or 3 and based on what my overall pnl delta looks like. Then as the market moves I make adjustments by buying...

Eddie..I'm doing pretty good. At the low points (the past few weeks) I took a deep breath and sold some puts and move up my calls and right now I'm very balanced, delta wise. still selling the later month calls and buying either the es cash or buying the weekly calls. If we go higher this op...

This is the big problem with your "PD" that I see. The element of TIME... of course BB will scale back on QE ......the when is a matter of hot public debate....personally I can't see that he will do it in a time or manner to destroy our fledgling growth..

wow..NO idea of the greeks and don't use them? You won't survive..so don't worry about where to put that $500K you won't be making! Seriously trading options without understanding and being aware of what those greeks are doing to you is like taking a black diamond run on a ski slope on your...

reminder... there are 365 days in a year...give the dude a chance!

At the end of each trading day they(TOS) have a chat called the "wading pool" for those new to options...you might give it a try. You also have access to "Tastytrade" which has a feature where a young gal is learning to trade with her own account.

Colorful Colorado...the mountains are spectacular (when not on fire):D

I prefer to trade future options esp on ES vs SPX I disagree a little about the unbounded margin risk. If you are selling naked straddles and strangles you can keep your risk hedged. Margin calculation is different and makes it better IMO as long as you keep your trades small...very...

I didn't...wanted to...came close but very early it looked rather murky and just left for the day...came back to unch. oh well.

so you had a net gain of 125 ticks or points? this would have been times the number of cars...which is what you will keep private? so if you have a loss we will not know the magnitude of the loss? Other than your say so we will never know if you do achieve a 20% or better yoy (which I agree...

Personally, I don't think such a "contest" has merit beyond entertainment value for the lurkers. PD's have so far a rather mixed value and the OP has stated some simple goals to prove over time the way he uses TA has some positive value. Surf basically said today that his PD's are more a...

2 trades...a win of 375 on 6/4 and loss on 6/5 of 250...unless I'm not reading the blotter correctly..net gain of $125 for week ending June 7th.

Hi Daal..my transition is probably much like most traders..equities..options...futures. Lately I've gotten so fed up with the slippage and commission in options I'm going to focus on ES cash/options exclusively, basically running a "book" on short to mid term ES options using the cash to...

according to last few posts he actually reduced at 54...was averaged at 40 and added at 64 which simply means IF...and thats a big if he could have held for a couple of weeks he would have been fine. The problem as you point out is if you are margined out you will essentially be wiped out...