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PM, I really respect what you do as you close out trade after trade profitably. I have never sold puts but I have watched what you for a while now and I hope I am learning something. Could you tell me if INTC (19.93) is a good candidate for a Put Sell: INTC 19.93 Feb...

[ Trade No. 2 ] SPY Dec 140 Puts Buy No. 1: 2.00 (filled) Sell Limit: 2.50 (+25%) Buy No. 2: 1.60 (not filled) Sell Limit: 2.15 ( +34% +7%) Stop: 1.40 (-30% + -13% ) Maximum Profit Potential: +41% Maximum Loss Potential: - 43%

Opened new trade: SPY Dec 141 Calls Buy No. 1: 1.79 (filled) Sell Limit: 2.29 (28%) Buy No. 2: 1.43 (not filled) Sell Limit: 1.90 (33% + 6%) Stop: 1.25 (-30% + - 13%) Maximum Potential Profit: 39% Maximum Potential Loss: -43% Note: The trading program's VIX input has hit the Low VIX...

Yes and No (but mostly no). Here are the Yes or No sig. types: No: Most program trade output codes tell me up front if there is a Buy 1 / Buy 2 (B1/B2). On these type I only commit about 6% of my account to B1 and 4% of my account to B2 (same number of contracts but B2 is a lot...

Oddtrader, Your right! A mini-me size Black Swan (or the real thing} could occur at anytime while holding. The fact is, the "mini-me size bird" actually occurs about once a year. It usually costs me roughly a -60% to -65% stop instead of the standard -30 to -40% stop, about once a year...

A couple of reasons, I am older, have never traded futures before and would hate to have to learn something new from scratch at my age. I really dislike trading anything on margin, I use a cash only account for options and have been happy doing it this way for many years. "Any...

I just closed this trade at 1.65 ( -3% ). I missed seeing a call warning indicator in the trading program this morning. "Oh well, caught it late without too much damage." Jeff

Opened new trade: SPY Dec 141 Calls Buy No. 1: 1.70 (filled) Sell Limit: 2.25 (32%) Buy No. 2: 1.30 (not filled) Sell Limit: 1.82 (40% + 7%) Stop: 1.15 (-32% + - 12%) Maximum Potential Profit: 47% Maximum Potential Loss: -44%

Cit13, Your getting a lot of good advice, here is my 2 cents: Your setup on the SE trade was good. There is only one thing I would have done differently. Forget the trailing stop and just use reasonable pre-determined sell limit and stop orders, like +30% to +40% sell limit and -20%...

For me trading is like being a life insurance company: "I am assuming and managing risk based on historical mathematical probabilities." I am also like a retail produce (fruit and vegetable) store: "I don't pay the retail price price for inventory, I pay wholesale and sell at retail, and...

Update thru November 16, 2012: 11-01-12 SPY NOV 143 puts Buy Limit: 1.85 (filled) Sell Limit: 2.40 Stop: 1.30 This trade was closed at breakeven (1.85) on 11-02-12. ------------------------------------------------------------------ 11-02-12 SPY DEC 145 Calls Buy Limit: 1.85...

I entered the following orders this morning: SPY DEC 137 Calls ( SPY at 135.18) Buy No. 1: 1.80 (filled) Sell Limit: 2.35 (30%) Buy No. 2: 1.35 (not filled yet) Sell Limit: 1.95 (44% + 8%) Stop: 1.15 (- 36% + -15%) Maximum Potential Profit: 44% + 8% = 52% Maximum Potential Loss: -36%...

Yes, your correct. I have learned so much in the last 15 years and I am still learning things practically everyday. It never stops! If I could go back 15 years, I would record data like this: Opening Price: ??? Low Price before the High Price: ??? High Price: ??? Low Price after the...

But there is a serious fundamental flaw in backtesting using the Open, High, Low, & Close with historical data. Here it is: Real Example from Friday 10/26/12 on SPY Call option: Option.......Open.....High.....Low......Close NOV142C...1.86......2.04.....1.49..... 1.83 (all exchange data...

The SPX (SP500) is the only major index that is still clinging at or near the 200 day moving average (see attached chart). The Nasdaq (COMP), Dow Jones(INDU), QQQ etf, Russell (RUT), IWM, & IYT have all moved well below the 200dma. The only other odd thing is the financial etf the...

Oddtrader, The trading program is looking at 3 day micro-trends and 9 day longer term trends. It evaluates both of these trend configurations in a comparator program that is looking at thousands of signals of the same trend configurations that have occurred over many years, and it makes a...

Oddtrader, Ok any future trades I enter, I will give the SPY etf value at the exact point of entry and each evenings SPY option data, as well as the mention of new confirming or opposing signals. Jeff

Your right, the SPY Dec 145 call strike did move below the original Stop of 1.30 on 11-05-12: DATE.........OPTION....PREV..OPEN..HIGH..LOW...CLOSE 11-02-12...DEC145C..1.92...2.15...2.16...1.34....1.34 11-05-12...DEC145C..1.34...1.35...1.68...1.27....1.59...