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    Beginning of the last leg down to bottom?

    man how did you get pass my ignore filter? You do realize that it's an inverse relationship between oil and stock market right? especially above the 120 level. For a perma bull such as yourself, your want the oil to come down so the stock market will go up. Look at the uso vs spx/es over...
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    Beginning of the last leg down to bottom?

    Does anyone feel like we are at the beginning of the last leg down to a market bottom? 1) The subprime writedowns cant deteriorate any further. 2) Same goes for housing. 3) Oil is through the roof, cant be sustained at this price level long term. 4) Leh and ubs seem to be the catalyst for...
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    How much Capital (Estimate) it takes to make a market in FUTURES before the open?

    his technical levels are good, but i wish he would #@)(# stop wasting 75% of every *(#&@*(# video thanking everyone and their mother. It's so tiring watching his videos, the only thing useful is that price level chart he has.
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    Best Way To Trade On The Go

    look into the asus eeepc, it's one of the best things to come out recently on the mobile pc market, and relatively cheap to boot. They just released a new model now i think.
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    Lost half of my years salary in a week!

    i cant decide who to flame, the OP who gave some stranger on the net 10k then come here to whine when the money is gone, or the fraud who took the 10k then come here to defend himself. In the fraud's defense though, maybe he truely believed himself and didnt realize he's a fake. Kind like...
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    How to buy a long term option

    yes trade the uso options, the underlying mirrors the light crude oil movement almost exactly, and the spread is bearable Just becareful though if your trading plan has such a long time horizon, although oil is has been speculated to an unsustainable level, the thing to keep in mind about...
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    Short Straddle Update

    Closed: -Short 3x June 1400C at 40pt, exit at 16(after commission), +72pt -> +$3600 Opened: -Short 4x June 1350P at 18pt June realized p&l: +$3600 ------------------------- Long term bias is still negative, however short term(week) we may be looking at move up: - Hitting multiple...
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    Short Straddle Update

    May summary: -Short 2x ESM8 at 1411, exit 1395, +32pts -> +$1600 -Short 1x May 1400C at 20pt, exit 18.75, +1pt -> +$50 -Short 6x May 1400C/1450C at 17pt, exit 20pt, -18pt -> -$900 -Short 10x May 1365P/1315P at 5pt, exit 0pt, +50pt -> $2500 May p&l: +$3200 after commission...
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    Which Broker Is The Best For Options Traders?

    I use both optionsxpress and IB. Optionsxpress has THE BEST customer services bar none. On phone, instant chat, email, all of the cs rep was very knowledgable able to answer/resolve all my trading/technical questions without the need for any further escalation. They will also work with...
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    Short Straddle Update

    whipsaw wed! not much technical going on, just the mm shaking out the little guys on both sides before option x. Tomorrow will be another wild day. 3x June 1400/1480 short call spread opened, entry point 1419 at 36pt premium. JW, when i opened the may 1400/1450 call spread, 1400 was...
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    options on es mini futures, expirate date and time

    Hi just want to confirm the expiration datetime logic for options on es mini futures. Is the below correct? Last Day of Trading: -March, June, September, December: Same date as underlying futures contract -Other eight months: The third friday of the contract month Last Day Trading Hours...
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    up 29% this month!

    Percentage without dollar value is meaningless. Dollar value without percentage is meaningless. Percentage and dollar value posted as profit by someone else is still meaingless to YOU. You do not make money, lose money, nor gain any new knowledge from someone else's profit or loss numbers...
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    Buy ES Now 1387.00 5-9-08

    lol
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    Short Straddle Update

    opened 10x may put spread 1365/1315 at 5.25 premium. multiple levels of strong support above 1370, unlikely we will break them all on first try by end of next week(expiration)
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    This is the last move for Crude --shaping up just like the wheat trade!

    I dont know about when the upward trend will reverse nor do i care. It's a fool's game trying to win that argument. Looking at the technicals of uso, there has to be a pullback very soon after such a huge gap from 91 to 100 in just 5 days. Whether that pullback becomes a trend reversal or a...
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    Short Straddle Update

    The intro page is nothing more than a definition of theta.... Red flag goes up any time i see: "After spending over 100,000 hours of research and historical testing in the markets, I have found 1 way to CONSISTENTLY AND EASILY MAKE MONEY!!! " not that i ever sign up to any of those...
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    USO Options

    hi is there anything different contract/expiration wise for USO options vs a normal stock option? The contract info on IB looks the same, just want to confirm. thanks
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    Short Straddle Update

    the expected drop came today as predicted by this week and es closed below 1400, decided to take some profit and closed out the 2 esm8 naked shorts because 1) margin req 2) options x next week 3) larger than expected drop for a single day so may result in a reactionary up move tomorrow 4)volume...
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    Short Straddle Update

    No i wasnt able to sell any atm calls when it moved close to the 200MA, very busy at work couldnt monitor until after hours last few days. I do have a pending limit order to sell 5x 1400-1450 call spread at market when the underlying es hits 1432. my current open position (all short) 6x...
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