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GTS, It occurs to me that a reason you probably would not be able to day trade markets is because you trade while you're working your job. Your attention is split between two different things. Trading isn't your job, it's your hobby. The markets will move against you during the moments...

You can trademark it. You don't have to give it out though. Mark Cook's Cumulative Tick Indicator is trademarked, but no one except him knows how it works.

You can't protect against that drop with selling naked options. Selling naked options means you are waiting for time value to decay, so you hold overnight. If a 5% overnight drop occurs you're out of luck. If you try to limit the risk, you're no longer selling naked options.

The best independent traders are independent for a reason. They like the freedom it brings, and they aren't well known. Read a few Market Wizard books. But if the trader is really exceptional, if you gave them millions they could do well with that as well. (ie Mark Cook) Comparing...

Institutional Performance is not an argument, since they handle at least 10 million with primary focus on risk management. This means no leverage at all. A personal account has a different capability when it comes to trading percentages. Everything is available to you and slippage is minimal...

There's no real edge in selling naked options. I have found a use for covered calls in swing trades where essentially I figure I would sell anyways.. that way I'm getting paid to wait :)

I agree.. it's a bit excessive. Why not just buy some puts and turn it into a long strangle/straddle

I predict a larger correction coming, but it could be anytime within the near to immediate time frame. It really depends on the catalyst.

Depends on the strike price you're talking about.

From what I understand, MatLab is the quant language of choice for statistical analysis and financial engineering.

Yeah, it's true DNDN could go up further like the XNL case you brought up. I wouldn't trade anything related to DNDN simply because I don't have the experience or setups needed to capitalize on it. If you're unsure, should always stay out of the trade. I'll tell you what I would do though if...

I'm considering selling those OTM April Calls... if the IV dies down it would be money

My own cumulative tick indicator agrees with his commentary.

Just so you know, if we go up any higher the ensuing downfall will be so bad you will taste the panic.

It's a gamble but.... go big or go home :D

Volume for the most part... below average

if thats H&S pattern you can expect much more room to go down, possibly as low as $3...

2002, 2004, and 2005 WERE easy time periods. 2002 was when we launched headfirst into this bull market.

It can be done, my mentor did it. Not all companies will let you do it however. It's a great idea, especially since you're paying interest to yourself.

I read that blog everyday. You know what? He can't predict the market, who the hell can? He sets a stoploss on everything, so he got stopped out. Don't rely on others for everything.