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Front month options on expiration Friday should be sold, not bought, because the decay becomes exponential.

+ $97 Although I watched ES action, I didn’t trade it today either live or sim. My pick of the morning was to short ANF, which I did @ 34.03, on a sharp and full retracement of the opening 3-min green bar. Covered @ 33.80 on a pivot: +$44 Short ANF @ 33.69 when the pivot rally failed...

+ $97

You reveal a lot of experience in this comment. I hope newer traders here, like myself, grasp the depth and importance of this. Today I watched ES spike hard to 1072 on the Philly Fed, and sell off within seconds. Was this nothing more than amateurs trying to be "first", or was this price...

Interesting post because (new to ES and studying it furiously) I find that there are many traps in the middle of a given time frame. Today I saw a classic intraday short signal on the 5-minute chart but the price action stalled and of course our "big picture" trend is up and I thought, "This is...

Been there, done that, for better and for worse, but as far as swing trading into earnings goes, I only did that twice, both times by accident (my earnings calendar reported incorrect dates), and oh so thankfully both trades turned out well, though I did not sleep well either night when I found...

I'm mainly a counter-trend trader (currently profitable), but I mainly trade higher lows/lower highs. Sometimes on a climactic run up or a drop to major support I attempt to pick a top or bottom, I use a very tight stop, and so no major damage is done and in fact it's sometimes quite profitable...

I'm happy for you on that one. But it's pure gambling to swing trade a stock into earnings no matter how great the setup appears to be. I attached a chart I posted awhile back so you can see how easily you get your face slammed into the sidewalk doing that. This is a coffee stock that...

Thank you. What you're doing can be very profitable as long as you exercise good risk management. I attached a screen shot with the results of my first 3 months trading, swing trading 1-5 days off major stock corrections on news. This was on a $180K account so it reflects a nearly 23% return...

Hester, as ET's resident "Mom", I advise you to close this thread and re-open it under a new boring name like "My Trading Journal" or "Taking $30,000 to $30,100 Ten Shares at a Time". It's already become a mess and you've hardly started.

I love the title of this thread so much that I have a couple questions as well! 1. When Goldman Sachs raises a stock (CCL) from "Conviction Sell" to "Sell", is this, technically speaking, an "upgrade"? 2. In the current "less bad = swimmingly fantastically spot on the money buy this POS...

Well I saw the phrase "oligarchic elite" and simply assumed it was US :D

+$23 Mainly sim traded ES, pulled off a TIF trade, and our power went out as I was about to put on my last trade of the day.

Hermit, get back to work :D +$23 Again sim traded ES using the 2-contract strategy, and again it worked comfortably for me, allowing me to take profits and still have the chance to catch a larger move. I did once cut profits short on my 2nd half by exiting at a specific level instead of...

What part of this post did you miss? I appreciate your concern for me as a trader, but posts like yours above are non-productive. If you want to be truly helpful, re-activate your journal, post your trades and why you entered and exited where you did. I learned a lot from watching Oliver...

Do you mean you only invested a grand or that you placed a stop loss on the trade that would cost you at most a grand?

Considering that my sim trading platform is identical to my live platform in every way, with the exception that I have to pay the 1-tick spread in sim because my order isn't lifted until price moves 1 tick above my limit, it would be more accurate to state that sim trading is a total waste of...

All it takes to unseat the oligarchy is a well-organized revolution. But the brilliance of the oligarchic elite in removing the ability of the masses to organize by distracting us via televised pablum, radio demogogues, Facebook, video games, and emotionally charged issues such as gay marriage...

It may not be that bad; I actually started to learn shit about crap at 39. :D I'm subscribing to your journal because when I first started trading last year, this was my strategy and it was quite profitable. I'm contemplating using one of my small accounts to start doing that again via...

I agree, extremely insightful. Check out Kurzweil's "The Singularity is Near" for an engaging view into possible future trends and exponential "progress". http://singularity.com/