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    Profitable Options Traders - Long Term

    One more reason why I trade options is the lower cash outlay. If you buy 100 shares of a $50.00 stock, that is $5,000.00 at risk. I can buy a call option and control 100 shares and maybe, pay just $300 for it. Second reason is leverage. A 10% move in the stock would result in maybe, a 40-50%...
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    Profitable Options Traders - Long Term

    The reason I trade options directionally is the higher return. I tried options spreads and I lost thousands doing so! The couple of hundred dollars you earn from selling options premium is not worth it when you get whacked and suffer the big losses. Buying calls and puts caps my losses to the...
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    Profitable Options Traders - Long Term

    You are welcome. Glad to give you some feedback.
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    Profitable Options Traders - Long Term

    What matters more is keeping the losses small. You can have a lot of small losses. I am not bothered by those small losses. It is the big losses that eats up any profits you have made! All you need is a couple of good sized winning trades to wipe out all those small losses.
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    Profitable Options Traders - Long Term

    I only "buy" puts and calls and trade directionally. "Not" among the top traders on ET but, I consider myself a competent options directional trader. Winning 40% and losing 60% of the time. Average win 2 times the average loss. I think a good options trader can make more than 20% per year. Not...
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    Whats all this media love with McCain?

    Without Sarah Palin as VP candidate, John McCain would have been trashed by Barack Obama by an even larger margin! Conservatives held their nose and voted for John McCain only because they loved Sarah Palin! I did not vote for John McCain because he was just a very bad candidate! If he somehow...
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    John McCain has died

    Sarah Palin would have been better off had she not run as VP on the John McCain team. For one, McCain campaign operatives demonized her and made her appear dumb because they cannot accept that Sarah Palin was outshining John McCain in the campaign rallies. They made her wear those designer...
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    Do you rely on your trading to put food on the table?

    Who is bullying who? I just stated my opinion in hopes someone will gain some insights from it! I guess not!
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    Do you rely on your trading to put food on the table?

    Considering that you do not know how your trades are going to work out ahead of time even without making any mistakes on setups, entries and exits, if you rely on it for your living expenses, you probably, are crazy. Even top traders will tell you, they have 6-12 months of living expenses at a...
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    My trades

    LULU, NTAP and SQ has very nice uptrends. Hopefully, continues and gives you larger gains. Good insights on these stocks as always.
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    Options Portfolio

    For me, I hold onto about 5 options trades at one time. When I close one position, I usually, put another trade on. That is a good number to follow. Not too many but, enough to give you substantial returns on your options trades. I am an options directional swing trader. I look thru multiple...
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    Trading With No Stops And No Targets

    Paper trading and "real life" trading are not the same thing. When your monies are actually, at risk, your decisions will change. Trust me. I have been trading long enough. Greed and Fear will come over you! You will get in at the absolute worst time and get out at the absolute worst time...
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    Trading With No Stops And No Targets

    It is called "buy and hold". I call it "buy and hope." If you have 50 years of life left in you, go right ahead and do it! Like winning millions in a casino and still not content, continues to let it ride on red or black as the case maybe, on roulette. Had CSCO in 1999/2000 (do not remember the...
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    My trades

    It is good to lock in gains especially, if you have 100's of percent in returns. There is a tendency for other traders to take profits and drive down prices. You can always re-enter if you still like the trade or feel it can continue its current trend.
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    My trades

    Took a loss on NVDA puts and switched sides. Price action shows more strength on the long side so, bought NVDA calls to replace the puts. Observing FB, RUN, JPM. Might close a couple of them. AEO has a lot of time so, I probably, will just stay put on AEO for now despite, the gap down.
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    Facebook Engineer's Stunning Admission: "We Tear Down Posters Welcoming Trump Supporters"

    It is time for conservatives to put out our own social media platforms to directly, compete with Google, Facebook and Twitter. There are enough smart people on our side to make it happen and funding it would be no problem because average joes would be more than willing to support a viable...
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    My trades

    AMZN is really a juggernaut! If the premiums were not so rich, I would probably, be trading it. However, I do not want to risk a good portion of my capital on 1 contract on one trade. I want to limit my risk too so, have to take the conservative approach. Yeah, those intraday price swings could...
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    My trades

    Good inspiring calls on your trades. Your timing is pretty good just before the stocks make their big moves. AMD I got out pretty good. Was doing well with NVDA puts earlier but, buying came in and it was down just $1.52 at the end. That wiped out the paper gains. RUN puts went up a bit so, I am...
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    Jacksonville Shooter had a strong case of Trump Derangement Syndrome

    That is part of the entitlement mentality we have today! Me, me, me, me! And they broke up? She got 8 suckers who each paid $1,500 each. Did they get their monies back?
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    My trades

    Sold my calls on AMD yesterday. Saw it fall in price from its high by over $2. Bought puts on NVDA. It might be due for a pullback. Still have my FB, AEO, JPM call options and RUN put option in addition to NVDA put options.
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