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I thought Van Tharp studied this and concluded that random entry was pretty good and beat many other systems, and that trade management was more important. Entry was one of the least important factors to successfuls trading. (Also, note to JMowry, I think it was the Turtle Traders that used a...

1. Go to McDonalds drive-thru and buy a large coffee, probably cost you about $1.50. 2. Pour the coffee on your lap. 3. Sue McD's for millions.

Just use a credit card. I mean it's not like you have to pay or anything, is it?

Maybe we should be looking for what Bono has to say about crude futures?

One problem with NG wells is that they just go "dry" without much warning. At least oil wells decline for a few years.

At the TOS class he said just put on another IC at the current price, don't roll or adjust the existing ones. But it's tempting to think about closing the short, especially if it gets any cheaper. I think the market will drop a bit, but the market doesn't usually listen to me.

The 123 puts are now .20. Should buy them back?

I think it is entirely possible to have $1,000,000 in three months. Just start with $2,000,000 today.

I guess vega won, since OIH closed almost at the next strike up. And I was hoping to make a joke about Lost Vegas.

Well, if I make a profit on OIH maybe I can afford the $800.

Well, the stock has been moving away from the 135 strike, so I should have done it earlier today.

daddysboy, have you read "One Strategy for All Markets"? If so, does it really work? Thanks.

Thanks, like I say it's mainly a learning experience (but now I wish I had a lot more than two of them). Should I wait for market close to wring the last bit of value out of the Aug short, or just pull the trigger some time today? BTW, I have the same trade going on in both my Fidelity and...

I have a large Fido account and a relatively small one at TOS. I got spoiled using the TOS platform. At Fido you still have to look up the option symbols. And if you don't put a "-" in front it tells you to do it instead of doing it for you. BTW, are you referring to option commissions or all...

I was rolling the short side of a calender, so it was basically selling a calendar spread. Got a bad fill price too. Fido doesn't seem to have a roll option, so you have to do it in two steps. TOS was showing it could be done for 4.30, I got it at 3.95. But then again I put them in at market...

I just filled a couple of option orders at Fidelity. When I checked the order status it said Routed INTERACTIVE BROKERS L.L.C. I thought orders went to an exhange. I can't find any older orders, but I'm pretty sure they went to PHLX.

That's why we newbies ask these dumb questions. Intuitively it seems like you are better off being ITM than OTM since the long side will be worth more. There are strategies where you buy far out ITM LEAPS and sell ATM options to pay for it. Wouldn't this be equivalent? Edit: After thinking...

Thanks for your interest. I bought the Aug/Oct OIH 135 call calendar for a debit of 5.10. Edit: OIH closed at 138.50 (+1.60). According to TOS I could close it now for 6.75, but since I wanted to use it as a learning experience on rolling to a new month I don't want to close just yet...

Is it true that Bernanke keeps a fleet of helicopters on standby?

Where is that? (A note to past and future repliers - a post like "The market is sh*t here" is meaningless if you don't say where "here" is.)