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  1. galvinlee888

    The reality of trading

    I been banned (more specific: "Not welcome") from my local casino before - after they found out i win mostly (80%) for nearly 3 months (although it is only a small money via some plain simple strategy- 15% profit target with 50% stop loss) :D Not sure how they can ban you from trading ?
  2. galvinlee888

    The reality of trading

    I been told it is a comnon strategy in prop. firm to choose those "frequent " loser clients(accounts that often hit stop loss) and trade against their strategy? I think you talk too much and you should let this thread rest forever.:confused:
  3. galvinlee888

    The Questions HFT Nerds can NEVER answer

    You got fired as well when u try to peek at other components that belong to other team? Get black listed fo- no-hired forever from all the firms(which in theory they are competitors and should not talk to each other ) ?
  4. galvinlee888

    The reality of trading

    ++1 This kind of things happen since market exist, but if you are smart enough, you can get away with some very approach at old time. The only problem is it become so severe now especially since the last 2-3 years, advanced in computer technology normally will benefit those with deep pocket...
  5. galvinlee888

    The reality of trading

    I am in your back See my post: I am sure a lot of "people" going to attack you - those newbies that never get hurt before, the brokers that pretend to be one of the ET posters (This site is sponsored by brokers) that try their best to encourage people to trade anything, those loser traders that...
  6. galvinlee888

    The reality of trading

    Most of the things he said is right .. you know what i mean. Someone just need to be the whistleblower.. Sometime we have to ask our heart, the advanced in technology bring good things to both retails and big guys, but the one that have more money always get the most.
  7. galvinlee888

    SPX Historical Spread Plays

    First of all - in real life you won't get filled by $5 for $10 spread (try it and you will know what i said), mostly you will get filled around $4 (before commission). 2nd thing to ask, if you try to close your position when it hit your stop loss, you provide a free lunch to some "people" by...
  8. galvinlee888

    The reality of trading

    FireWalkers- Finally someone said the true in here. I found out most of this things from hard ways. I appreciate your courage to bring this to attention. I am sure a lot of "people" going to attack you - those newbies that never get hurt before, the brokers that pretend to be one of...
  9. galvinlee888

    I don't get bull put spread risk/reward

    Here you go ... $3999 folllow. :D
  10. galvinlee888

    SPX Historical Spread Plays

    If you can raise money so easily, why should you need to develop your own system ? You only need to raise the money and collect fees (2-3%) and put the money in the SPY or QQQQ and let it ride through the market .. (and outperform 80% of the hedge fund outside)
  11. galvinlee888

    Anyone trading with a profit objective of $100 A WEEK?

    Sell naked put for SPY to collect $4 premium a month which is about $100/week. If get assigned (SPY tanked), then do the reverse - covered call (to collect the same premium each month) and eventually your stocks will get called away, repeat the process again, got it ?
  12. galvinlee888

    Time is on Your Side - SPX Calendars

    Something to share, Many years ago, when i switched from stocks to option trading, I subscribe to one of the snake oil salesman strategy (can't blame me at that time as I am too naive to identify the real guru). His strategy is virtually similar as yours (except he recommended SPY and QQQQ)...
  13. galvinlee888

    Crazy Russell SP500 Divergence

    I have been with RUT for many many years and indeed more than 50% of my trade are related to RUT & IWM Things "change" since last Sep..
  14. galvinlee888

    Why are you proud to be a trader?

    Is Casino a fair playing ground ? As far as I know, it is legal to visit them in Las Vegas (provided casino continue to pay tax to our gov)
  15. galvinlee888

    A good index option strategy?

    Double your money in paper account in three months is a great achievement ( I believe a lot of "senior" trader here still can't make it:) ) The only problem is the past three months the market is favor IC, slightly bull and always revert to mean. A year like 2008 is a tough ride and if...
  16. galvinlee888

    Time is on Your Side - SPX Calendars

    I don't like the wide spread, you normally have to sell bargain when it hit your stop loss.
  17. galvinlee888

    Time is on Your Side - SPX Calendars

    ++++1. Too many people come to this forum with hidden agenda.. some want to sell course, some to promote their web site or books, some to protect their firm (broker), some to target novince trader... Slippage is the real killer in SPX. Until it get tighten and fair to retail trader, i...
  18. galvinlee888

    Time is on Your Side - SPX Calendars

    The loss in slipage (nearly $0.5 to $1 for each leg) due to the in-liquidity will kill the profit easily ?:confused:
  19. galvinlee888

    Tsunami slams wall street, sell orders overwhelm markets.

    Bought those calls around 5.50 to 6.00, sold most of them around 6 to 6.5, not really a lottery but some pocket money But I loss on another trade (IC) :mad:
  20. galvinlee888

    Poker Bots Invade Online Gambling

    My 2 cents when I was in that project but the thing may change now, 1) Are the best trading bots better than human traders yet? It is better than most trader outside(I will say 90%) . Please don't forget they have "inherit" edge and have almose perfect execution 2) Are 90% of...
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