Search results

Having failed at credit spread trading, Gap trading and straight buying of options. I´m now trying LONG STRADDLES in options. Got one week in it now, but probably run through the month. Any body got any advice on making money with lONG STRADDLES? :D

Eduman A long straddle that profits from Time Decay? Hmmnnn! I´ve been experimenting with a couple of newer trading systems and still losing paper money and a little bit of real money. I am currently for this month trying the long straddle, so you got my attention. I´ve only one week...

I´m not a religious believer, bt that commment of yours about being on the ground, or being in the air sure tickled me. One time, 50 years ago, I bought an Ercoupe in mint condition for $900 and soloed in 5 hours. Figured if I could navigate a boat at sea, I could find my way down to Central...

I tried using TICK charts, maybe 15 years ago. No more than a few weeks. But didn´t really get any idea that was solid in using them? So abandoned the idea. Order flow and buying and selling as in moving averages is a pretty good guide. Still the market makers have ways of seperating...

Kinggyppo That was a valuable comment, thank you! Mind you, I only recognize it is valuable because Ive wasted the time trying it. :mad:

Don´t care if he uses a OUIJA board, if his account balance is constantly growing positive, he is doing something right? Ever try chicken entrails?

Flutter, chatter, noise, whipsaws, I´ve heard it called several things. One of the things is the ability to calculate stop-losses if you use them and still leave enough room for the prices to fluctuate, without getting caught in a trend reversal. Or some other method of stops when you will...

Howard Trade the noise? Sort of I guess? You can whip off a $100 net profit couple of times a day. But one loss usually wipes out 5 winners. I think I might be getting a handle on it? Going to bigger time frames and let the ruddy prices gyrate a few hundred dollars up and down. Can...

Weeelll that was a sweet comment. Appreciate it. Been spending a few weeks trying to figure out how to trade the SPY without whipsaws. Havn´t got that figured out yet? Driving me nuts. I can´t seem to set down the trading rules, that would eliminate messing around in whipsaws.

You guys are way over this amateurs head. Not that it isn´t interesting. But as an hands on guy, I just don´t trust all that statistical stuff for making money. I like to read it and so forth, just don´t trust it. Maybe it comes from building a lot of boats up to 50 ft in wood. If...

Wow! As an amateur you make me feel very small arguing about probabilities and statistics and so forth. I´m just dumb old boat builder and lobster fisherman, who got lucky in real estate during the boom. Wish I could get rich like you guys must be! :)

Well Howard April was tough for me too. My first month in CASH and had hopes of a second trade, but it did not work out as to velocity and pressure. So could not make it. Though I diddled around with some paper money trading and did okay. But in REAL CASH, the first month of April only...

Thoreau Very well explained. Congratulations on your ability to express things. I fear that winning in credit spreads puts the eventual victim into a mental state of denial too. On the other hand, clearing your account of accumulated profits every 4 months might make it work and...

AS I understand your charts, your mini black swan cost you three months profits thereabouts? Whatever else was involved. I wondered if your loss included commissions?

Howard My compliments, very nice presentation. Clean and sweet. Good luck! Out of curiousity in the mini black swan, how much out of your cash account balance did you lose? I just got my ass wupped today in an experimental funny money, scalp trade. - $480 after just talking...

I just got an email from a friend who trades in precious metals. He tells me he finally closed out his trade on SILVER with a gain in the several hundeds of percent. He is still worrying about GOLD though. Now that is what I call a trade! ( grin :)

Well I guess I´ll bow out of this discussion, as Im just a naive amateur. Like others, I´ve read a lot over decades and formed some opinions, but they would not be appropriate for me to put them here, in the position I am in as a newbie cash trader. I´m just going to have to let the year...

Rodney I think it depends on the type of trading system you develop. Not that a loss cannot occur. It is entirely possible. As you say, if it occurs you have to deal with it. I do not think it necessary to plan on a trading system that deliberately incurs losses. I´ve known some very...

Kinggyppo I get you. When I quit credit spreads and other spreads and selling premium as a bad investment idea last December. I started out planning to trade a 3 to 5 day trend. However, I hate losing, so I started eliminating every type of whaffle, or zig zag or anything that threatened...

No trading today. Market too quiet. So doing a bit of research trying to improve things. Interest took me to EUROPE and something called the Euro First 100 ( EURF100 ). I wanted a chart of it, but can´t seem to find it? Anybody ever look at this thing? Sure be nice if I could pull it...