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    master trading system

    never should use systematic method to do trading. market never fits any system. look at those trending up market, you will find there is many versions of market going up. some straight up, some climb three steps, retrace 2 steps, then sideway 3days, 7 days, half month and nowhere, some...
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    From rags to riches, 700$ to 100k in 2013

    doable. $700 is a big number. not a small number. from option trading point of view. you need outline your plan. each steps(target, stratigies,ideas,problems to deal with). very detailed, concrete, feasible executions . otherwise, it is a dream.
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    Apple dropping like a prom dress

    only idiots still ponder why it could not go up. majority know it is heading toward 400, 300, 200, 100. jen.23's earning will make it drop 100 points. did you look at the earning number, it is trending down, very ungly. buy some puts as early as possible to make your loss back
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    Delta neutral or directionality: which one do you pick?

    I always trade directional options (I must have a direction judgement to trade). at the money rarely or out of money options most time, just buy calls or puts. neutral is the sure one to lose. at any moment, market has direction. even in a dead no-where market. if you zoom in a little bit...
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    Black Monday - December 31, 2012

    if you do not have your own judgement, I think no one should trade. if your judgemnet is just signals or indicators, then you should not trade either. follow signals/indicators are just like following tips. money management should not be a significant part of trading. bear in mind...
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    Black Monday - December 31, 2012

    happy new year! be a contrarian, reward hard
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    2012: The Battle for Survival

    I could not figure out why this guy is in a losing stream. I read Jessise livemore's story. he boomed and busted several times, finally he drowned and failed miserably. Jessise livemore thought "you can beat indiviudal trades, but you can not beat the trading game". that is a terrible...
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    Black Monday - December 31, 2012

    the street is one way. also people just see one side, tunnel vision. when they suddenly realize they are in wrong side, their fear of being trapped will send them into another extreme. I like this scinerio. great setup. in this friday, everyone may look at those voters. but they did...
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    Black Monday - December 31, 2012

    sol all my puts last 15 minutes in SPY, I bought Calls in last minute drop, not SPY, in F and FB. you scared me. what I think is this sunday some measures will be given. then late on, some band aid or service patches will be delivered. bill gates is the leader in this technique. first...
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    Technical Analysis or Fundamental Analysis

    my trading idea is FA. but I execute my idea based on TA. my FA ideas are: profit-taking, panic sell, buy on the rumor, sell on the news, technical breakout/breakdown. did you notice this month's FOMC policy announcement? that is a good short sale, very typical sell on the news. the...
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    How to Avoid Getting Whipsawed in Chop?

    fact one: stop loss does not protect overnight position. fact two: stop loss does not protect HALTING position. fact three: stop loss can not define a trading idea. through a thrashold to define the market "wrong""right" is too ideal, market is not clear-crispy black and...
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    How to Avoid Getting Whipsawed in Chop?

    that only says you did not master trading yet. a good trader knows why he enters, when to enter, the most important: accurately assess the market conditions (trending or random). use a stop loss to trade is suicide. yes, you need a loss cutting plan, but you need cut loss intelligently...
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    Good stocks under $5.50 for writing puts

    bought dndn 5 call at tenthish.
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    How do you deal with anger?

    anger is a sign of not mature. just like a kid, in order to get what he/she wants, play mad/angery card to let his/her parents yield. simple plain: if people can get what they want by just throwing tantum, then this world are full of 3 or 4 yrs of kids. in reality, lots of people around...
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    My first week trading - successful but would like advice/tips

    the market never changes. still plenty of suckers. the same trick can be applied over and over. do not try to outsmart suckers, when you change, the suckers do not, you lose. trading is easy. contrary to many. very natural. what made it difficult is people want to fight with their nature...
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    FB Dec14 28 calls

    turned a winner into a loser (sold in the opening, lost a little bit). should close it out thursday rally. damn it. forget about FB a while. it stinks. did not realize it is lock-up expiration, too blind about the breakout. bought some FCX bottom picking 32 calls, works nicely today...
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    FB Dec14 28 calls

    I predict today FB hits 30, anyone with me. I bought 850lots at 0.1~0.3 wensday/thursday. crazy, a little bit dizzy.
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    My first week trading - successful but would like advice/tips

    good start. buy %top gainers are the key toward success. yes,some gainers are fake. I bought CBMX on the up day, at 5.3~6, feel very good, that day it already up200%+, I am crazy to buy so high price. but I am very happy next day, I sold those shares at 12+. penny socks are great, they...
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    overnight trading discussions

    This suppuses to be a valuable discussion. I found I am in a dilemma. Most my trades are overnight. so basically I do not pay much attention to intra-day movements. the problem is when I get an idea, I need intra-day chart to execute and get out. so I still need pay attention to intra-day...
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    VAR breakout watch

    for this gap-ups, I hate it. I like big thrust up bars chart. I am kind of thinking buy it. easily clear 75, tgt is at 75 to 77.
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