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Wow, you guys have no respect for traders who let you learn from them - successes and failures! It's always ... Oh that time was easy. BS, its always hard ... Only hindsight is easy. Once you have a name (brand), you start getting invitations around the world to give lectures. Why wouldn't...

I don't have anything negative to say about him, but I find him putting statistics to technical patterns just silly. Don't you?

I'm trying to set up a protective put for a long stock position. Once I am up on the stock with enough cushion, I am no longer interested in options ... I will give the stock as much time as needed. But I don't want the put to depreciate too much when the stock rallies. It's a substitute for...

So we were talking about stops in another thread and I proposed a "genius" idea which to my surprise did not get much admiration :) Here it is re-stated to be commented/criticized/ridiculed. I have not tried this but I have a feeling I will get a chance soon. The idea is to get to a break even...

You are talking courses, right? I don't think they offer mentorship.

Hedging is expensive, imperfect, and adds complexity. Stops are free. As @Scataphagos says - KISS! What do you guys think about this approach? Hedge initial entry with options. Once the trade moves in desired direction(enough to be protected from overnight gap perhaps), close hedge for...

Shouldn't you look into money management instead?

Created by whom ... liquidity providers? I thought this was always an intra-bank over the phone market ... probably still is.

@El OchoCinco, in one of the books I liked, the author had something like this to say about Flies. Wander what your opinion on this is. Trading Flies (long the wings) is like shooting fish in a barrel ... low risk low reward strategy ... not worth the effort.

I don't understand how people trade with these bucket shops. Maybe if you trade peanut account, they don't care. But as you start trading more money, how can you trust them? For example, if you get stopped, do you have any way to see if the pair actually traded at that level anywhere else?

I don't think it works this way. I think you start trading (paper or small amount) based on what you currently know. You see it's not quite working. You start looking for answers. You read and watch YouTube and see how others deal with similar issues. Your experience trading will start...

You need to have access to the time and sales. You didn't mention where you sent the order ... Was it smart route? With fast moving stocks, what you see is not always what you get ... Things change quickly (but platforms update slowly) You going to get screwed either way, but at least you will...

Well, human nature aside, there are strategies where time works in your advantage and there are strategies when it works against you. Day traders use high leverage and looking to capture small moves quickly and often. They are not looking to milk the trend. Option sellers take huge risk...

That would be the Holy Grail ... Not even worth searching for it, imo. In one of Perry Kaufman's books he said that he wants his system to be like a cockroach ... Survive on very little in any condition (it is believed they can survive nuclear apocalypse). Well, that sounds great but very...

He started with nothing. Trading is different yet the same. You need to fail before you succeed, its pre-requisite imho. One thing that is hard for me to accept is "there is no plan B". That's easy to do when you have no responsibilities, but very dangerous when you do.

You mean forever!?

My understanding is that when you sell premium you try to capture bulk of it but not squeeze last penny. This is because your reward is getting smaller and your risk is growing larger as the time passes.

Can't do that when you sell premium.

It sounds like he is questioning whether the high probability strategies promoted to retail traders are legit.