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----------------------------------------------------------------------------------------------- I started trading options the first trading day of January 1998. I learned to create programmed mathematical mechanical trading systems. After several years I discovered the key to success for each...

-------------------------------------------------------------------------------- Traderlux, in the almost 12 years I have been reading the ET forum, I have never seen anyone trade with the success of the ET member named "optionsinvestor" with the thread: My trades Discussion in 'Journals'...

-------------------------------------------------------------------------------------------------------- Ironchef, our thinking is very similar on many subjects. I was wondering what kind of option trading you do?

------------------------------------------------------------------------------------------------- Sideways range chop & slop is the only kind of intra-day market behavior that allows my trading systems to function properly. That's the way my systems are programed. My systems perform poorly on...

----------------------------------------------------------------------------------------------------- You go by a feel or instinct when to sell, but do you also use intra-day charts?

-------------------------------------------------------------------------------------------------------- Does that mean at the end of the day if there is only +.10 profit in your open trade, you close the trade instead of holding it?

--------------------------------------------------------------------------------------------- "Speedo's post above is the funniest thing I have read on ET in years!" (Its helps to understand that Fat Bastard is one of my Heros.)

------------------------------------------------------------------------------------------- I totally agree with every word you just said! I believe in this unprecedented market, looking for a top with charts is useless. The only thing that will bring an end to this Bull Market is if the Fed...

Ok same routine. Chart below is Nasdaq 1999 (12 months & weekly candles & 10 & 20 ma). 400 pt gain from Jan to mid-Oct, then in the last 2.5 months 1,450 pts gain, total 1,850 pts. 10 bounces off the weekly 20 ma. Next Chart below last 12 months of Nasdaq, weekly candles & 10 & 20 ma. It is a...

There is no comparison from this bull market to 1999: Chart below of the SP500 in 1999 (12 months, weekly candles & 10 & 20 ma), shows it was choppy and gained about 230 points, but only in the last 2 months of 1999. Definitely a daytraders market. The other chart below shows the last 12...

What if you used an Option Calculator Program as the heart of this program and then create data inputs for the Option Calculator for: C = call premium S = Underlying price K = Strike IV= implied volatility t = time to expiry r = risk free rate d = dividend rate The F = function, e.g. for...

When one trades mechanically using mathematics over a period of decades, and keeps data over the same period, and statistically outputs the same positive results over the said period of time, its not gambling! It is called "The Exploitation of Statistical Accuracy."

I have reading your journal looking to possibly suggest a thought or idea on your dilemma, but I didn't want to say anything until you showed exactly what you were trading and the methodology you were using to trade it. I get the just of it from your above post, but you left one bit of...

The Working Group on Financial Markets (also, President's Working Group on Financial Markets, the Working Group, and colloquially the Plunge Protection Team) was created by Executive Order 12631,[1] signed on March 18, 1988, by United States President Ronald Reagan. As established by the...

DEFINITION of 'Plunge Protection Team - PPT' A colloquial name given to the Working Group on Financial Markets. The Plunge Protection Team was created to make financial and economic recommendations to various sectors of the economy in times of economic turbulence. The team consists of the...

------------------------------------------------------------------------------------------ Thank you for the compliment, but I wasn't profitable in the beginning. It took several years to figure this out before the final system was programmed and complete. I have to manually click the...

In 20 years of trading, I have never traded futures. I feel at this age, I don't want to start something new, because I don't have time on my side anymore for the learning curve. It took many years to regularly get profitable doing what I am doing. No margins, no big risks, simply place my...

A very small group of option traders trade mathematical mechanical systems based on a math formula that gives option direction (call or put) daily. These systems call for pre-determined Buy Limit, Sell Limit and Stop, usually combined into a semi-automated I.B. Bracket Order. Many times the...

Not having stops on options is ludicrous! This is my 20th year trading options and I have used stops since the beginning. Must meet these requirements to use stops: 1: High Daily Volume (thousands of contracts per strike daily) options. 2: Tight Bid/Ask Spread (.01 to .02) 3: ATM or slightly...

------------------------------------------------------------------------------------------------------ I have only bought premium in a cash only account through I.B. for the last 20 years. I simply buy calls or puts and use a pre-determined Buy Limit, Sell Limit, & Stop. (Its just a...