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As I see it, when a Bull Trend is going to change, you better be pretty good at sensing it. Having credit spreads over several months, leaves you wide open to wipe out. The further you go out, the less likely you are to have gained enough to even break even on a credit spread. Lets...

Howard In my limited one year experience of trading credit spreads, last year, there is no difference between indexes when a Volatility rise occurs, or Bear Plunges. So being spread between indexes does not protect at all. Just my limited view. Whats the saying? All ships float...

I can´t seem to copy and paste. But the last sentence in No. 2 statement is the crux indeed. Bear plunges seem to occur in one day, or 2 or 3 weeks overall.

Howard When you reached 102% it got me thinking. I am not at all convinced your method will not result in severe losses in more volatile times. Take this suggestion from a friend. If your real cash is up 102% now, and it has been the result of a bull market run. You are faced with...

Ha! Ha! Im waiting to hear from Howard his account growth total by the end of today. That will be something. Very curious to see if he goes over the 100% mark.

Harold I´m chasing you mon! Had a couple good shortie trades this morning and now my account is showing 85% growth. With your 94% return now and this expiration week, I expect you to go over a 100%. Be fun trying to chase you and see if I can catch up?:)

It does look like Haroldwill be over 100% returns this weekend, since starting in cash, after expiration Friday. He has a lot of trades going to expire successfully it looks like. On the other hand he has on his chart three that are showing losses apparently. I´m not sure how this comes...

Stevegee I´ll put in my two cents here. My understanding of what Harold is doing, is not actually rolling in the sense he is getting cheaper commissions when he does it all in one operation. Rather sometimes he gets the POT he wants and will do it in one operation as a roll trade, but...

Okay gotcha on that. 80% of credit and the free margin plays no part in closing it, or rolling it. Thanks for that comeback. Somedays I am not at all too bright. Right now diddling with the Options Xpress platform trying to learn it. Plus testing some 15 minute chart strategies in SPY.

Wow! 94.45 in 28 weeks, or half a year. THAT is impressive. Congratulations. Hope you can keep it up.

Howard I think you said you were about 7 months or so into CASH trading now. What percent return on your account do you have. Considering there is so much lag time in this system, with 2 month options. That should give you a running return total % wise, for 5 months at least. I´m...

Howard ( repeat question ) Let me see, the margin on one side in an Iron Condor has me confused. The question is, if I have one side winning, about 5 cents right now and that side would be margin free. At what point would it be worth my while to cash it in? You have said at 85% in the...

Howard Sounds like your getting tired of answering questions? ( grin ) _________________________ NEW BROKERAGE I.D.VERIFICATION QUESTIONS REQUIREMENTS. In the meantime as an addendum of a sort; I tried to open my cash account in Thinkorswim, but...

Howard I think my last post re the PUT spread that might be maxed out, might be wrong. Never thought of these things in this way before. Correct me please if you take a look at that previous comment of mine. Normally in the past when looking at Iron Condors in the weeklies, I treated the...

Howard I´m trying to get my pea brain around this concept. I´m looking at this Iron Condor. The CALLS are showing 15% of margin loss, the PUTS are into a profit of .05 cents. Since I got .60 cents for the PUT Spread side of the iron condor and I am thinking as this side would be FREE...

Howard Getting thown out of this forum for some reason? Anyway I had an Iron Condor using Howards method and one side, the CALL side of 610/615 Calls is being threatened on the OEX almost. I looked the other day and it was at18% of loss of margin and remember I have to exit at 20% of loss...

What happened to this forum?

Got a question on Option brokers. What broker do you use ? I´m looking for one and interested in experiences with each of them.

I guess I´m ready to move into cash this month? Was a very nice move today. For comparison sake, I did SPY options in one funny money account and the OEX in another account. The SPY trade ( both were entered at the same time and exited at the same time ) earned $2025 and the OEX trade...

Well my straight option buying paid off today. The $5000 trading account has risen from the 1st of December to today, to a nice 73% of account capital. Being up overall 73% is a nice feeling. Now if I can only keep it? ( grin! ) Got to open my cash account as fast as I can. Maybe...