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I am also looking to re-buy the June put that I closed at a profit if I can buy it at a better price point next week. No reason for me to endure the 3 day time decay. Although I got raped by using a market order to get out of my oil driller puts, the oil drillers kept going down all day, so it...

It sure makes me feel stupid for canceling one of my long contracts at BE. I seem to be letting fear rule me too much on trading lately. Usually if I pick the right direction on a trade, it will go much farther in my favor. The market seems to like to play games to scare me out of positions...

I closed my June put for a profit today, maybe a little early. I then went long ES and CL and made money on both trades however, I should have held CL for longer period. On ES trade I had 2 contracts, but price reversed on me as soon as I entered long on the trade, so I set 1st contract to get...

If you read the website of ifundtraders, it states that you pay almost $ 10,000 total for their education, so that is much different from a few grand like you claim. So either you are ignorant, a liar, or a shill for that company. So you are in fact funding your account from some % of your...

Just curious, do most of you have win% above 50% or below 50%, and if below, is it because your winners are bigger than your losers? My win% is very high, but a losing trade so far will be a higher $ amt than a winning trade.

Thanks for the replies. I have freed up some money in my account in case I am assigned on 1 of the puts, I will keep this money available until the option expires. I have decided if the stock reaches a certain price say due to the general market falling, although that seems strange with the...

I plan to add 1 more short put position if we do go another 20 points higher. I am very happy that oil is 4 points higher so you can guess what type of stocks I am long.

Its scary to trade short, so only took 1 point instead of 2 points which the market was willingly to give me since I felt I got in a little late and was looking for the market to go a little higher to get back into a 2nd short position. The market never made it back up there, so I decided to...

Good advice, I need to start practicing that.

Looks like nice triangle break out to the downside showing me I need to draw more trend lines on my charts. I assume the blue line is a moving average, and we can see that market did not cross back above it once it broke to the downside.

So far this strategy is paying off as the market ended up selling off. The lower put strike also gained in value today but not as much as the higher strike put. What I think could happen is the market trades down but not through the lower strike and it expires worthless, while the higher...

By the way, I was watching fast money, and they said a way to protect or benefit from more downside risk is to buy July vertical puts on the SPY. The reason being the cost of buying just a single July put is expensive compared to how far the market would need to fall for you to make money vs...

For example, lets assume I own a naked put on DO, and it is now a little below the strike price of the put, but the premium I got paid for writing the put is still worth more, however, I would not mind owning the stock. Do I need to do: 1) Tell them I would like the stock put to me, so...

Wanted to go long at a lower level, but saw what looked like a trap of shorts by the bulls, or the big future traders that like to set traps. Basically, a lagging indicator suggested the market would go down, so some shorts looked like they were shorting for a break through down the gap, but...

My understanding is that only the people who could spell "quite" voted for him, I guess that was enough of a majority. :-)

If you have some NT code, I would be more than happy to take a look since I do use NT 7.

Made a mistake, went long ES, but then noticed I did it in sim, so I went long market in real. I then basically was chasing, so I killed the trade for a small profit using the close button instead of limit. I then shorted CL at market and closed it at market with a profit after it started to...

They could have prevented this problem in the 1st place if they had working and up to date safety equipment. I bet this spill ends up costing them more than what it would have cost them in the 1st place correctly. Also, maybe the government will require all rigs to have safety equipment that...

This kind of depends on how you are trading. Obviously, if you are going for 5 to 10 points, you could just go long market and not worry about it. However, if you are scalping for example going for 1, 2, 3, or 4 points, being able to recognize one of your setups, have the order waiting as a...

Unless I feel for example I am in a trade, and I think it will reverse on me so I might flatten at market, I usually like to use a limit order to get me in and to get me out. The main reason is with a market order, you are losing .25 most of time which can add up. Also, you can have a very...