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I've used RedOption...they have a series of different advisories based on strategy. They are pretty good...and, from what I can tell, honest. I have no reason to doubt their track record...however, when commissions are factored in, on average they hover around break-even. Basically, they are...

Neke, you are a wildman! Can you disclose your average risk per trade as well as some of the indicators you follow?

Have you used this gentleman's site at all? His returns are highly distinguished, but I couldn't find much trade detail behind the weekly windfalls he was pulling...

This is not a good thing. Trading that way will probably lead to a blowout, just a matter of time. Just because neke happened to come out even this time doesn't mean he did a "good job." It's just complete chance. I'm not saying his trading in general is due to change or luck, but that one...

You're very lucky! You had roughly $100,000 worth of DNDN and closed it for a $260 profit. That trade could have easily wiped you for tens of thousands...but I'm assuming your other trades of the week were done under tighter risk control (I hope).:eek:

Hey, I'm long NYX too...I'm just saying, I would like quantitative proof that these old systems do work. There's gotta be more to it than: they either work or don't work...ie, what % of the time does xx% Fib cause a retrace of xx%? I'd basically be looking for any book that has a long-term...

You should ask Lenny Dykstra...check out his column on thestreet.com. His strategy is to go long on deep-in-the-money calls and continuously average down in the assumption that the stock would just have to make a turn by say, July expiration. I think at this point he has approximately $32.9...

What is the predictive ability of Fib retracements? Has anyone done a study on that? I think it's funny when I read something like "well the stock pierced through several Fib levels, but then bounced perfectly off the (71.384292 / pi) level..." You put enough lines on your chart, you will...

Yeah, I guess I'll give him a chance...but I do know he really doubled down hard on AMGN, so he's gonna need help to get outta that hole. To elaborate on the strategy, he goes long 10 in the money calls (3- 6 months away from exp., and he buys 10 regardless of the cost per contract) and then...

Did anybody see thestreet.com now has a column by Lenny Dykstra, the ex-ball player?? He writes an article in which he makes picks using deep-in-the-money calls on mid-term expiration options. I'd love to see how his track record turns out...he averages down a lot, and usually makes his picks...

Where would you place your stop...around 95-96?...roughly in the middle of that one week where the stock held the high in Jan...or would you just place a stop above the all time high?

As a little bit of an aside...I find that seeing Cramer in those videos on thestreet.com shows he's got a bit of a split personality...I wouldn't expect him to be "lightning round" wild, but his whole demeanor is more smug and matter-of-fact, less humble...and he kind of talks out of the back of...

Why is everyone so into those big sausage lips? Yeah, that's really hot. I want it to feel like Robert Parish is slobbering on my knob...

I think I have heard Cramer say something like that before...sounds like BS. These guys would love to think they could move a stock with a well placed phone call...I'm skeptical. You would think the person receiving these tips would probably consider it crap as well, or at least after the...

4. How about how many times he mentions working at Goldman, as if he just left?...even though he was there for a 3 year span over 20 years ago...:D

You said that you average down often. I consider averaging down to be a viable strategy only in the situation of long term investing in equites. Just my two cents, but if you are in a short-term trading scenario, you should usually avoid doing this. If you are wrong on your original bet...

Nice bounce-back Neke...what was your best trade?

I don't have my futures account activated yet. I am experienced in trading equities and options, but haven't tried futures. So I first thought I'd try it out about 10 days ago, and I should have my account up and running next week. Until I am ready to trade I can't sign up for the $10...

Maybe I'm missing something, but I don't see it...in other words, I'd expect to see the difference between the Buy Price and Sell Price to be 5 points for every trade you put on (assuming you weren't stopped out)...even if it's just a 50% scale out. There would also be another line for the Buy...

I thought that the newbie-safe calls all dictate taking partial profits at 5 pts? I don't see this reflected in your track record...