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  1. J

    Options only portfolio money management and diversification

    ----------------------------------------------------------------------------------------------------- Ironchef, Thank you for the response, it does make sense to me and I even think it presents a "slight" edge because it leads one to only trade vehicles with at least a slight mathematical edge...
  2. J

    Options only portfolio money management and diversification

    ---------------------------------------------------------------------------------------------------- Thank you, that's very interesting and honest answers. One more question if you don't mind: You say that you don't have an edge, so what then triggers a buy signal?
  3. J

    Options only portfolio money management and diversification

    ---------------------------------------------------------------------------------------------------- Ironchef, may I ask if you don't mind: 1: what percentage of your total trading account do you use for each trade? 2: do you use a Sell Limit Profit at least Equal to your Stop? Reward to Risk...
  4. J

    Importance of trading plan!

    -------------------------------------------------------------------------------------------------- "To belittle others with less experience and hope everyone else here goes away except your elite little group of professionals is below the standards of an intelligent individual like yourself." A...
  5. J

    My trades

    I.O., AMD (13.25) has its earning tomorrow Jan 30, 2018. 17,000 weekly puts bought on it today, the Feb 13.5P Bid .83 / Ask .84 (expires 2/2/18), yesterday OI=376. Any thoughts on it?
  6. J

    When price is in a range why do some people buy at the top? lol

    ------------------------------------------------------------------------------------------------------ I think we are talking apples and oranges here. My post above was comparing daily candles (apples) with 5 minute candles (oranges). I wasn't looking for a long term hold, I was looking for a...
  7. J

    When price is in a range why do some people buy at the top? lol

    ------------------------------------------------------------------------------------------------ I totally agree with you propwarrior, all my math based mechanical systems are buying low and selling higher. "But, my systems are doing that while the markets keep moving higher making new highs...
  8. J

    Is it too late to become a daytrader at 30?

    ------------------------------------------------------------------------------------------------- I totally agree with you. You cannot let losing trades flounder around in the wind. You have to enter every trade with a pre-determined Buy Limit, Sell Limit & Stop, and preferably all 3 contained...
  9. J

    Is it too late to become a daytrader at 30?

    ---------------------------------------------------------------------------------------------------------- Traderwen, I started in my 40's and here I am 2 decades later and still placing trades every morning. This is my best piece of advice for you so don't go through the horendous learning...
  10. J

    What it takes to develop a profitable trading system?

    ----------------------------------------------------------------------------------------------------- We at least get to see water everyday out of all the windows facing the lake. Attached is a picture of our master bedroom window when we wake up in the morning and the cat is sitting in it.
  11. J

    What it takes to develop a profitable trading system?

    ------------------------------------------------------------------------------------- I just noticed you live in Southern CA. We just moved from Southern CA (Carlsbad) in Sept 2016 to cold and snowy North Eastern WA (2 miles from the North Western Pan Handle of Idaho). We went from being 1...
  12. J

    Big Time Lurker, First Time Poster Looking to Develop My Game

    -------------------------------------------------------------------------------------------------------- You must have good instincts and discipline. I do not have either, so I let mechanical rules and a fixed Bracket Order or OCA (One Cancels All) orders containing the Buy Limit, Sell Limit=...
  13. J

    What it takes to develop a profitable trading system?

    ---------------------------------------------------------------------------------------------------- Ironchef, looking back at historical charts, we are in unchartered territory. In other words the markets are not facing an upper resistance line created from the previous Bull Market. Example...
  14. J

    My trades

    It appears INTC blew away earnings Est= +.87 vs Actual= +1.08 and today its spiked above its recent trade range. For me ideally, I like to buy a cheap straddle or strangle right before earnings in hopes the earnings event blows up the call or the put enough for a net profit on the total debit.
  15. J

    My trades

    CREE 34.66 FEB options (expire 16th) look undervalued. Straddle FEB35C=1.03 /FEB35=1.58 for under 3.00 on CREE looks tempting. Looking at this again, there may not be enough time left on the Feb's for a straddle and I think it already reported earnings?
  16. J

    Mid-price for options

    I would highly suggest getting an Interactive Brokers account. Then think about trading USD-denominated options like our SPY ETF with Bid to Ask Spreads of .01 to .02 cents. Interactive Brokers Netherlands Commissions Minimum Per Order USD-denominated Options USD 2.00 per contract USD 2.00...
  17. J

    My trades

    ------------------------------------------------------------------------------------------------------- O.I., I just looked up Time and Sales Report on those "A" Feb70 puts on my I.B. TradeStation. I didn't realize that I could back go a week with Time and Sales Reports or I would included this...
  18. J

    My trades

    Optionsinvester, any thoughts on A (Agilent Technologies) ? Earnings on February 14, 2018 after the closing bell. On 01/19, "A" at a stock price of 73.07 had a block of 40,000 put contracts appear in the volume column on the FEB70P at a Bid= .56 / Ask= .64 where as the Open Interest was only...
  19. J

    How did you decide on your trading strategy or method of trading?

    ---------------------------------------------------------------------------------------------------- Following through with my forward testing example from last night's signal of my newest system which began on Oct-2017: This latest system has been successful for over 3 months, so that means I...
  20. J

    How did you decide on your trading strategy or method of trading?

    -------------------------------------------------------------------------------------------------- If I get 3 months of success forward testing I then start using 1 cash contract to continue forward testing. If 6 months successful I go to 2 contracts, 9 months successful 3 contracts and 12...
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