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Rob on Business, In answer to your question, I use technical indicators to tell me where a stock or option is headed. This is not 100% but, per my experience is probably 80% accurate. In the case of APA, the technical indicators (moving average, stochastics, MACD) has given a bearish signal...

Rob on Business, Comment on APA. I looked at the chart of this the other day and got a bullish signal and frankly thought it was going up. It has since, reversed course and given a bearish signal. Coupled with it being below the 20 day moving average (bearish signal) so, I would in my opinion...

Rob on Business, I am sure each trader has his own approach or style to trading. Whether it is stocks or options, each person would have an approach to trading. Before I seriously studied charts, I had no clue to how to use them and analyze them. All these seminars, dvds and books has...

Sideshow Bob, I believe that options in the money or at the money is a better value compared to options out of the money. A lot of newbies end up buying the out of the money options. Since, I read George Fontanills, The Options Course----I have bought nothing but, at the money and in the...

Rob on Business, UGO MC is the option ticker. The stock is SGTL. My other trade is NUS XW and the stock is NUS. Both has hardly moved. I still believe these two stocks will move to the downside as it is pretty much flat. My reason being that both stocks are still below the 20 day moving...

Rob on business, I have only two positions on options right now and both puts. They are NUS XW and UGO MC. They have not moved huge enough say atleast a 3 point drop but, I feel that it will eventually move. Patience is the key. I remember a trade on UWT XE and got impatient at it going...

There is buying by big money investors just last 2 weeks so, I assume that is what is keeping this up. Insiders bailed out a long time ago. I would not be surprised if this keeps going up a while. Probably good to buy puts on it but, only when the buying dries up and the technicals indicate a...

I'll definitely be attending. Be off work for an entire week. Have my hotel reservations and plane ticket and looking forward to the Traders Expo.:)

RunTrade, I am not a hyper trader and have just 13 options trades since, May 2005. Good that I keep a trading journal so, I can track my errors as well as my win/loss ratio. So far, 7 winners, 5 losers and 1 even (should have been a winner but, I allowed the gains to vanish). My win/loss...

Run Trade, I would suggest you get a hold of George Fontanills book, The Options Course, 2nd Edition. It cost me $70 which I feel is worth it. Take it slow and trade 1 contract at the start. I started with 2 contracts and now trading 5 contracts. I am looking to trade 10 contracts or more by...

Quote from Multioption: APA Nov 65 Call Filled price: $3.00 # contracts: 40 Delta: 0.703 Expectation: A sharp rise to $69, then $70+ Don't consider myself an expert as I started trading options just May 2005. Decided to check APA (Apache Corp.) on the investools stock chart and I...

Rob on Business, Check out this website www.investools.com. They probably have a "preview' seminar in your area. I'm from the United States but, I do know that they are all over. The "preview" seminar is about 3 hours and is "free". You will see the website and an overview of how to use the...

Rob In Business, I'm quite new to options trading and just started trading options May 2005. Have been educating myself by attending seminars, reading a lot of books on options. I give George Fontanills high marks for his The Options Course, 2nd Edition. Worth the $70.00 I paid for it. As...

Cnms2, Thanks for pointing that out. It was a mistake on my part. Straddles don't limit profits but, cost you double if the stock does not move and stays between the call and the put strike prices. I have just done just two trades which turned up losers. The reason being I should have stuck...

I don't usually go around touting any stock or option but, take a look at NUS XW. This is a Dec. put and if I am wrong I will definitely get out. At a 50% loss or when I determine that I am wrong----I get out!!! The thing that attracted me to it was the insiders were dumping the stock up till...

Arl....There is no such thing as a free lunch. The closest thing is selling covered calls but, you still risk losing money if your stock goes down in price. Also, you give up a lot in terms of potential gains as your gain is limited to the premium the buyer of the call pays plus any upside move...

It is being touted by a number of professional traders to hedge your positions and take on more than one position like straddles, collars, etc. Price Headley makes the point that directional trades (either buying calls or puts) are better because you do not limit your profits which happens...

Hi! I am quite new as far as currencies go and I was wondering about the Refco Pro considering you guys are already using it. Would you recommend it to other traders? I am just looking for a trading platform with decent charts. Thanks for your input.

koonsdawg......I have been trading stock for 10 years. Have had some limited success trading but, for the most part lost and lost badly. What I did of late is attend seminars and educate myself. Some of the things taught on books are garbage!!! I have about 150 books on stock trading and...

You got to play to win. So, I play the lottery. I know that odds wise, I have it very much against me but, if even Jennifer Lopez's mom can win a $1,000,000 progressive slot in Atlantic City then, anything is possible!!!! I even read of an old guy who won on a scratcher $1,000,000 twice on the...