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I do not use stop loss. since I just take 10% of my account into a position. that means my stop loss is very wide. if I found I was in a wrong boat, I choose to wait. for ES, in the big drop to 1481, I bought Es at 1513, that is 32points dawdown. hold to 1545. bought Es at 1539 June, still...

mothly options has more time to conside. thus most likely you will make money. very suitable for swing trading. weekly options change from this side to another side so quick. though higher return (%), but most likely you will lose. easily you find yourself in a wrong boat. to do monthly...

is BSFT option. I bought 22.5 call in the day of 50% haircut. I was not professional. I should wait for a bottom. when it started to tank next day. I dumped, nothing gained (initial gained 40%) and bought put 22.5 (gained 50%), wait for it break 20, late it turned around, sold with nothing...

recently I found I over-stayed positions pretty frequently. my trades most are overnight. I often did not take profit at the best. when th emarket gave me a decent profit, often I become greedy and ask more, then a pullback, that made me feel like an idiot. aim for 10 birds, 9 is...

I sold some ZN/ZB this week when it was still shooting yes. I caught the move. I did not time it. reasoned the index crazy rally, will drive bond down. but it seems it lags behind. when index shoot, bond shoot too, but after two days, those guys realized the game is over. I bought some crude...

the last drop is the easiest to make. the last thrust rally too. it is amazing I am doing all the time. since those wrong earliers always get out in those levels. those two weeks the index dropped hard, I shorted ES at 1489, thought get killed, late found easily cover it at 1483. I...

based on my rule when I trade, I am doing business, I must focus and highly dsiciplined. I can not goof around, write blitters. particularly in option trading, while mine is OTM,that is my main trading activity, since option trade is very short term,OTM is the shortest short lived so timing...

TA is an after -fact anaylysis amusement. do not be obsessed with that. TA traders are contrarians. when they saw price fell to a point it stops, then bounce, they say that is support, so when it falls to the low again, they predict: it will bounce again. he, that is nice. it is predictable...

all is my own fault. I should double check before I send my order. did not lose anything(but the wrong sell make me lose lots of profits, sold at 3.224), this accident makes me double check everything, very bad, become very nervous about sending out order. all moring I did nothing, after i...

I shorted natural gas in the pre-market, then in opening want to cover, but I wrote a wrong oder(a limit order with lower price, I intent to write a limit buy order, but actually wrote a sell limit order way below te market), did not notice the oder type is sell. gee, I sold it double down on...

i see the double bottom i see the breakout i see the nice trend ... when we see it, it is gone look forward nothing is there no wonder some traders claim themselves technically savvy but when they look at their account, odd, some money is comsumed by time, smaller and...

time is not money if you did not make it can you make time we all know we are time comsumers I guess which way to go, this way that way I do it at this moment then I figure out at that moment the market closes am I guessing wrong or right, the time tells you time is a...

do not use stop loss in option. first option is just for very short-term trade, at most in days, most in hours. second option chart is twisted fact: time declay plus premium pricing, if a stock drops and then back to the same price, your option noramlly will not do that, your call most likely...

do anyone here use thinkswim to trade option? I do not know how to configure to get intra-day high/low of options? do they have real-time chart? intra-day high/low is very critical to me, the real time chart may be not necessary since I trade options based on the underlying if I trade...

love their thinkorswim trading platform. instant news, I did not need go to others to find out what is going on. ahead news schedule on chart. I did not realize they have prophet to find chart patterns. their option chain does not have real time chart, that is a big minus for me. anyone use...

think gap as a big thrust bar or pluge bar. often I fade a big thrust bar or plunge bar. 80~90% time fade the opening in a gap up 80~90% time go with the gap down that means: 80~90% time short a gap whether gap or gap down. only 10% time you should jump on a gap up only 10% time...

here it is!

I just wish IB can cap their commission on trades. if trade frequency and size exceed some thrashhold, fix the commission rate. just like eat buffet, pay a fixed fee, then eat as much as you can, or just barely eat. those small lot trading adds up quickly, it creates illusion it is cheap...

if I trade 20000 shares, the commission is just 10% of IB's. I traded CLSN pre-market in the wensday plunge, bought 20kshares in the bottom, cost me 200bucks (round trip). but if this trade is executed here, it just costs me 30bucks (buy two times). their option fees are acceptable to me...

what I learned is every small move is a big move in option. like 3% move in underlying may be 100% to 500% even 1000% move in corresponding option. while 1 to 3% move is very normal move in the underlying, so basically I hold options very short, half moths are the longest. most are just...