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Hi Anek, and fellow Traders, Firstly I would like to thank Anek for taking the time and effort to broaden the horizon of any traders following his thread, secondly to thank the people who also contributed with their often insightful posts. This thread...

Hi QuantPlus Quote from Quantplus - Trading and poker and sports betting are Zero Sum Games... (If one ignores transaction costs)... While long-term investing like Warren Buffet is NOT. ** All Zero Sum Games are similar **. They attract every math genius on the planet... Like...

Hi fearless9 & spike500, I couldn't agree with you more. Quote from fearless9: I think the mathmatics of good trading is very basic. It is the 'rat cunning' and it's application to the reality that the charts present that...

Hi cashmoney69 I thought you could only make money on a simple call when the stock price is >= to the strike? Thats on expiry, what's probably happened to VLO is that the volatility has increased due to a down move in the market. I suggest that you get a good book on Options behavior as...

Hi Prevail, How does the cost of the backspreads deducted from sold Option premium, produce an enhanced return assuming backspreads was done at a debit, otherwise the spread between the sold option and the additional bought hedging option would be large producing an uncovered...

Hi a529612, My comment was actually - Right up until the market does something major against your position in a short time, thats when you find out that you're definitely not fine! In reply to - just hedge your deltas and gammas and you'll be fine Thru past experience I can tell...

Hi Sashe, Use %allocation of your risk capital, mine is 2% per position for example, diversify across markets, use statistical approach to minimize the black swan exposure Would you care to share your thoughts a bit further on what this statistical approach might look like. Best Regards...

Sashe Registered: Aug 2002 Posts: 358 09-05-07 06:22 PM just hedge your deltas and gammas and you'll be fine Right up until the market does something major against your position in a short time, thats when you find out that you're definitely not fine! Best Regards Johno

Hi everybody, It's always important to ensure that you don't bring a knife to a gunfight. When trading if your tactics aren't appropriate for the situation you're going to end up getting killed! p.s. Craneman just to satisfy a Riggers' curiosity what brands do you deal...

stock_trad3r Registered: Jun 2006 Posts: 3277 09-04-07 07:03 AM Don't overdo the leverage. That is how the vast majority of people blow up I'm referring to optimization and how it relates to risk and reward. Rather than considering how many contracts / available margin...

Hey Bogan7, Is iq146 an Aussie,I wonder if he's from Melbourne. Regards Johno

No idea of a %, as the market I'm in dictates when to get out. Regards Johno

Hi HOBO, I can't give you an answer,but if you find out that you can trade options thru IB, one of my mates writes a lot of equity options on the ASX and he would probably be interested in checking them out. I would appreciate if you could PM me to let me know how you go...

Hi, Leverage and Compound Returns are truly gifts from the gods for people who understand how to use them. The trouble is that most traders spend virtually all their time looking for a surefire way to predict the market,consequently they never realize that the answer is in the Leverage and...

A trader friend of mine named Guru Bob always maintained that there was only two important rules in trading 1. Don't loss money 2. Never forget rule one They seem to work! Regards Johno

Hi Jack, A book I have - The Elements of Successful Trading by Robert P Rotella 1992 - discusses optimization quite well and in essence concurs with the points you make! Best Regards Johno

Hi, 5 subscribers but they're probably just other kids playing at being grown-up. Hopefully he will wake up to himself before he does any harm to himself or anyone else! Realistically how many brokers are going to risk their own money with them! So they feel the pain of losing their...

Muskoka Joe There was a guy named Frankie Joe who several years always beat Marty Swartz in the trading contests. His died sometime ago I believe, but one of his sayings always has stayed with me. It was simply "trends up, I'm long"! I think this ties nicely in with the thought of not whether...

Hi Alex, I don't know if you've noticed but we have more than our own share of home grown thugs and thieves. Regards Johno

Hi Alex, I don't know if you've noticed but we have more than our own share of home grown thugs and thieves. Regards Johno