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Thanks FON. Here are some things I look for in my trades along with further analysis on ebay. 1. I wait for a bar to break and close above the resistance line. 2. I wait for the second bar to close above the first (with a solid body..hopefully stronger than the first) to indicate...

Got some ebay today on the 52wk break at 36.60. Got in kinda late tho. Stop at 34.60 . Target is 44. I get this number using a projected trend line. I expect to see resistance at $40 from 10.8.07. R/R on this trade is 3.7

My journal from last year http://www.elitetrader.com/vb/showthread.php?s=&threadid=213081&highlight=channel . The last journal was a concept that I was testing, but found that I was doing some things fundamentally wrong. 1. I was doubling-down on losers. I knew going into the journal that...

+1 on this post

A man walks into a Vegas casino and puts 100 million dollars on his lucky number at the roulette table. He has a 2.6% chance of winning , but then the unthinkable happens.. his number is hit and the casino just lost big. This small percentage of a loss doesn't stop new casinos from opening...

If I can amass billions before going bankrupt, I could live happily ever after.

I'm trading sim so there is no risk and I'll only ever learn by doing and making my own mistakes. Selling puts I'd think in many ways is like starting an insurance company. You bankroll it will your own millions, and a few years later a tornado rips though your town and puts you out of...

probabilities of apple

There is a 6% chance that price will fall below 366 and a 41% chance it will stay above 407.. according to tos. the delta on my option is 45 cents. A drop to 370 from my 405 strike would be a 35 point loss on my 5 contracts.. or $7,800 rather than $17,500 if the delta was closer to 90. I'm...

sold November aapl 405 puts at 8.65 Just so I understand this right.. The put buyer wants to see his option fall as much as possible, but in order for me to collect my whole premium the option has to close ABOVE my breakeven of.. 396.35 ? .. strike price minus the bid Also as a...

^ In short answer.. Because the probability for a call option to be profitable must meet all the criteria, which is rare (if held to expiration). Plus the author says that I should never sell puts on stocks I don't want to own long term. So either way its kind of a win-win. Either I...

Thanks guys. I guess that explains why my pnl for my naked put is fluctuating?.. because I only get the full amount at expiration day, and if the stock rises, my premium is reduced. As for the book, it's a bit misleading. It actually is legit. The author was an options market maker in the...

Been reading "get rich with options" and I'm sold on the idea that selling is much more successful and profitable that buying. But I have a question. If I collect the premium from the buyer upfront, why not just turn around and close the trade out and run with the money. Obviously I must be...

How does neke choose his option trades?

LOL @ this thread for lasting almost 2 years. Really?..

looks like your taking some crushing losses... whats going on?

WHY did they merge in the first place?.. If I have to pay 9.99 per trade I'm closing my account...which I REALLY don't want to do, but 9.99 per ticket is crazy. Sorry.

Gosh, I havnt been on this forum in a while, and I check out this thread... yall need to support neke instead of rub sh-t in his face. He's done much better than many of us ever will.

That's what I was thinking. Unless you have sufficient data to show the tweeks work or don't work, then it might be best to leave it as it is.. ?

^ impressive!