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Nice call. I made a few points on some longs but didn't post live. I'm now starting to build a short position in the ES. Looking for an avg price short at about 1296 if we can get there. 1 contract short at 1284.50 Stop 1315 (for all contracts) More sells at 1288, 1292, 1296...

I actually think he posts opposite of what he really thinks because he just loves the amusement of getting to people..

I'm looking for a selloff to start sometime in the next week. I'm first hoping for a rally around 1300 as I would love to get some great rr shorts off between 1290-1300 with stops near 1310 and targets as low as 1200. Not a trade right now but what I'm looking for. Seems like almost...

How can you not laugh at that last post by regal? He is absolutely hilarious.

Thanks for the info. I probably should have checked hard details before actually posting previously. It was a lack of discipline on my part. Can I ask where you got your numbers from? I looked at the margins months ago when I was thinking of moving to the big contract from the Emini. I...

Thats fantastic! Thanks for sharing. I guess that is what I will aspire to on my current setup :)

Haha thanks. I'm going to keep it simple for now, but forgot about asking my broker to cancel out when he gets in if I'm executed one way. I d be afraid he might mess it up or worse call me when i m sleeping :)

Oops haha typo, thanks.

I've decided to change this rule as well. I've noticed that the rule has missed some great winning trades while not protecting me much from losing ones. I'm still keeping being done for the day but waiting an hour till after the previous close. Here is how I'm setup for going into Sept...

Volente, Do you keep stats of all your trades? I'd love to hear approximate stats, but understand if you are not interested or no longer keep stats. I myself don't keep stats on some of my methodologies because it is too cumbersome. I plan on keeping stats on my r10 trades. I'm...

Come on lets be serious here. There is no way you have that size of an account. I'm not an expert, but I think each SPX put margin is at least 10,000 (I think $17,000). And then of course, you need to have plenty of excess margin because you wouldn't want to get stopped out if the premium...

Remember, that the opposite happens as well. Price can move up and the call can go down as implied volatility moves down with the news event occuring. I've seen this happen to ES options with payroll numbers, interest rate announcements, etc.

OC has a directional bias. He is stating that there is more risk to the downside, ie. he thinks the market is heading lower. He is not saying that the pricing of calls is inefficient to puts. Nice try though.

Agree 100% on both points here.

I know someone who was short BSC puts. Me. You can see the post here. http://www.elitetrader.com/vb/showthread.php?s=&postid=1837820&highlight=bsc#post1837820 and a few after it... (I was short BSC originally both the stock and naked calls and made good money but not enough to...

I have never understood the offset cancellations myself. I haven't bothered as I never have gone over $10 in cancellation fees on a monthly basis. I also only use day orders on option trades. With the amount of volume I trade, I just add any cancellation fees to the ultra low...

If you really want a good laugh, take an hour and just read all of his 120 posts over the weekend. It is hilarious. I put him on ignore for a little bit but missed the laughs. Just a few funny ones 'to wet the appetite' Calling for 1600s by april. Calls like 2600. No thats not on...

Sounds about right. I'm just waiting till after Labor Day to start trading real money, rather then posting further paper trades. I ll start out the record at 0 as I'm going to make a few modifications as I stated previously.

There have been some great trades today. Sorry I haven't posted. I'm going to trade the system live shortly. I'm waiting until September because I'm having trouble getting up early (on PST time) while watching the olympics.

Yes, I could move stop to breakeven. I could also just trail stop at different points, from the beginning or once I move the stop.