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"I was unfortunately drinking a beer while I was watching that training video. I laughed so hard during the video that beer shot out of my nostrils onto my new Sony Vaio Laptop!"

Nope.

I totally agree with rallymode. Before you ever place your orders on a trade, you should already know 3 things: 1: Buy Limit. 2: Sell Limit. 3: Stop Limit. You can use an I.B. Bracket order (automated complex order) which will execute all three orders automatically for you. You...

I have specialized in the OEX index for several years now. Everything you wrote in the plus side column and downside column is like "you read my mind." I will add that through the years, I have experimented with other indexes and tracking stocks like the SPY, DIA, DJX, & QQQQ. But like...

I have been folowing Oscar from the beginning. He is calling the market direction correctly at least 70-75% of the time. That's excellent and he's giving a wonderful free service. But here's a few things that piss me off: 1: He frequently misses the entry price target, so the great...

Excellent JW! "Now that's what I really wanted to see, you made 3 changes and succeeded." You developed a put strategy, you traded a different index that's capable of generating higher profits, and you held out for those higher profits. "That's great and it was your very...

Buying straight calls or puts on stocks is not an impossible task to profit from, but there is definitely a specific approach you must use to avoid the inherent problems of Premium and Time Decay. A: You need to buy In the Money options, "but," only on stocks with Low to Very Modest Implied...

There isn't anyone else coming up to the plate and admitting this kind of inside market information. I applaud Cramer's honesty and I don't believe he should apologize to anyone for telling the truth. My opinion of him just went up considerably.

cbsmarketwatch.com had a decent article on the Cramer blunder. http://www.marketwatch.com/news/story/jim-cramers-big-mouth-reveals/story.aspx?guid=%7bEFABFEB9-4FC7-45A8-A14A-6318372C33E2%7d&print=true&dist=printBottom

---------------------------------------------------------- www.cboe.com

JW, Are you using some kind of stops? The reason I ask is, I was wondering why you let the 5 DIA Mar125 calls (bought 02/22/2007) run for 24 days all the way to expiration and expire worthless? Another timely lesson that I learned in index option trading: Your reward to risk...

Roncer, I honestly believe the fast consistent OEX options (like OEYPK today) execute fast and consistent mostly because of "Volume." Lets look at your options today and the volume each had: Option.....Volume OEYDJ..........301 OEYDI..........218 OEYDK.......1660...

JW, Today the market moved in the direction of the DAWDO options your holding, but the options didn't react with price movement. With experience you will eventually learn which index options have the best price movement and which don't. For example, here is the price movement (open...

Unless a breakout chart patttern is driven by news, breakouts are no longer a reliable chart pattern when the benchmark SPX index is in an intermediate term downtrend. When the SPX was above the rising 50 day moving average, from late July 2006 to late February 2007, we had an...

JW, Considering the short term and intermediate term directional trend change in the markets, its amazing that you have remained in positive territory (for the month and year) by only trading calls. Have you considered trading both calls and puts? Until the SPX reverses its...

roncer, I battle the same exact problems you do with the OEX options everyday. Here is my personal favorite: I have an order placed to buy OEX options at 2.25 and the current bid is 2.10 and the ask is 2.40 on the options that I am trying to buy. The order sits there...

roncer, I have been trading the OEX for many years and I agree with you that sometimes the fills and info posting is good and sometimes they suck! The problem cannot be totally eliminated but it can be minimized by checking the volume on the options your about to trade...

Steve, Your answer is not entirely true. Pattern Day Trading applies to options "only" if you have a "Margin" account. However Pattern Day Trading does not apply to a "Cash Only" account.

Look at the various In the Money call strikes until you find a strike that has almost no (or very little) premium built into it. This usually occurs deep In the Money on most stocks, with the exception of stocks with "very high implied volatility." With those stocks, you sometimes can't avoid...

That's outstanding TR! I remember about a week ago you had a $2500-$3000 day, didn't you? I guess the big question is, how have the day's in-between the good days been?, particulary the losing days? If your good days are far outweighing your bad days and your risk to reward ratio...