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"Is there a back-peddle emoticon? just kidding." I take it you are back peddling then? I accept your apology - just kidding. Disciple is not a term of endearment. Generally masters don't think much of hangers on. Sad is that person who needs to shine like the moon by finding a sun to...

I should add that in all my previous posts in this thread, I am talking from the point of view of speculation and not as a hedger or market maker would see things. I thought that is what the op was asking.

"Quote from StarDust9182: My comment to SLE was only the first one and that was intended to save him from harm. In that case, could you please clarify what exact harm is going to come to me if I look at options from vol traders perspective? BTW, those who do not believe that vol comes...

This worries me: EU-27 SAYS COMMISSION MUST URGENTLY EXPLORE BANK GUARANTEES Now, why would that need to be said on such a momentous day as today?

"Your inference that he should stop trading options due to his level of sophistication is the only point we're making here. It was pretty comical." That inference assumption comes from your side. I didn't say anything about level of sophistication. I expressed my opinion of a comment he made...

Wow, I have never seen someone on this board with so many disciples before. My comment to SLE was only the first one and that was intended to save him from harm. If that is bad, then I am bad. So what? The rest of the comment was to the op's question and not to SLE. I don't know SLE...

My advice for SLE is to stop trading options until you understand what two people tried to tell you. You are making it worse in my opinion. Yes I go long and short, buy and sell using index options mostly. The op asked for the particular strategy that works. All of them work under the...

Speculation is the root of all losses.

I know a retail options trader whose premise is to arb mis-priced options. Although I have not seen him for several months, that was his method of making his living. I watched him do it for an hour or so using a standard options quote chains on several stocks with limit orders and a mouse. I...

"It's not socialism or capitalism that's just an ideologic discussion to keep the little ants busy. ..... The US peaked post WWII cause the rest of the world got destroyed and as they recovered the US retraced... ...... It's as easy as that in my view...." I agree with you. I...

"Are you nuts? Obama is what's wrong." Perhaps, but Obama is not the person in charge of this particular problem. If he were, then he would have solved it since he desperately wants to get re-elected. I would love to live in a world where every problem has a simple solution and every...

Atticus is correct. The problem with following a "guru" besides the fact that legitimate ones are hard to find, is that you will not understand what you are doing. You will not know when to get in or when to get out. You will not know why you are doing what you are doing and when the trade...

"Volatility and risk go hand in hand." Respectfully, I used to think that volatility was a measure of risk. Now I think risk and volatility are correlated but are not quite the same thing. If that is what you were saying then we agree. To another comment: I would argue that size is indeed...

"Ok, lets talk about what really gives u an edge in trading options 1) i understand all those 20-25 strategies and i paper traded them but overall i was at breakeven and it was just gambling becouse without knowing where the stock will go or whether the certain commodity will rise or fall...

78 months less 42 leaves ...... I see, you are saying he got pardoned by the president then?

They probably do know exactly where it went but it is a need to know basis, and we don't need to know in their opinion.

But there is a flaw in your logic Firewalker: If congress gives permission for war and the administration NEVER gives it back, then the law is moot isn't it?

I'll guess it is?

Interesting. Then I guess Conrad Black was not convicted in Federal court then.

I'll bet he got a year off for not blowing the whistle on something else? Now watch for him to get a reduced sentence as he realizes the error of his ways (getting caught I mean, not the actual crime).