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Only those with the trading 'gene' can expect to make money in the first several months of trading (this of course excludes the late '90s when any idiot could buy anything and make money). Do yourself a favor. Start with some education. Visit one of the trading expos and pick a program you...

Yeah, French ones! :D kp

Looks like a moving Iron Butterfly! :D Great strategy! kp

Thanks for all the comment and evaluation of this position / strategy. My primary reasons for not just buying the calls outright is that I HATE the bid/ask spread in options and I don't like time decay. The problem with just buying a call is that it will expire in April, and I will have...

Looks like this outfit is trying to set itself up as another market or exchange. It looks they take the other side of all your trades as a Market Maker. Quote from website: 2. Market Making not Broking [sic!] Brokers generally look to make a profit on every deal, as this is a major...

It's time to re-hedge the position, and protect the recent move. This is what I have done in the last 15 minutes: S: 8 APR 15 Put @ .25: $190.00 B: 8 APR 17.5 Put @ .80: -$650.00 So, my net positioin is: Long: ELX 800 Shares Long: ELX 8 17.5 Puts Cash balance: $1,825.00 BTW, I...

To "write" a put means simply to sell one. You don't need to buy the stock or anything, just have enough $$$ in your account to satisfy your broker that if things go against you (stock drops) you will be able to pay. Alot of puts are sold by Market Makers on the floor of the CBOE. They have...

It's got to be of the whole portfolio over a long term, like a year. kp

billb2112 Senior Member Registered: May 2002 Posts: 100 Congrats on reaching "Senior" status! :-D kp

Theoretically it should provide protection. Having said that, I can obviously say nothing about the people who are trying to get folks to sign up for their management services. I believe one is always better understanding things and doing yourself. Then, if you do lose your money, at least you...

BTW, Last week I started a thread in the Options forum to demonstrate this type of strategy. The title is "Hedge 'n Hold." I am using one stock, ELX and will use this type of method for the coming year. ELX has moved up from my price almost a dollar. If it goes up a bit more, I'm going to...

To me that is a huge oversimplification. When you sell your puts, what happens when the stock goes from $40 to $35, you sell your puts and the stock goes to $25. Do you buy more or count on a bounce? According to the strategy, you ALWAYS re-hedge. If you have a big 'correction' and are...

The strategy is simple: Buy stock at $40 Buy the $35 puts for about $1.90 - 2.25 (I'm just pulling the numbers from my head, but real prices shouldn't be too far from that.) If stock goes down, there is no way you can lose more than $5. You have put in a floor at $35. If it goes up, then...

I paid the $900 price, but his software package was included. The software TradeStation 6 based, and is very useful. The Mitchell course didn't "make the difference" for me, but there are elements of it that I use in my trading that are very useful. If you are new, then it's impossible to...

VIX hit 40+ today! Time for a revival! kp

The VIX hit 40 today! Time for a revival! kp

Todd gives several aspects of trading, and several different "trades." 1. Single bar analysis 2. Open / Close system (Trade the gap on the S&P) 3. Market Flow Analysis (Trade Fib. retracement confluence.) 4. ADX Trade 5. RSI and Stochastics Trade. The "meat and potatoes" of this system...

Truly one of the greatest... kp

Any of the data feeds include all the common and not-so-common indicators. On top of what you pay for the data feed, you need to pay exchange fees, roughly $1 for NYSE, NASDAQ and so forth. CME E-minis are $10, and the full CME I think is $60 and so forth. The data feed companies are always...

Rats!! I wanted to save the $26 Billion!! :D kp