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Another tip: Don't trade stocks that have history of less than 2 years and don't trade penny stocks to begin. Also if you want to trade on 100 shares, change your broker from Scottrade to IB (only if your account is over 25K)

I also like to add my two cents. I don't know whether even myself completely believe and can convince others what I say but I follow this rule and I believe it is a good one: Don't try to trade market favorites and hot stocks that seem to be bubbled up. At least for one year and till your...

What is wrong with IB?

Future is down big time now. Tomorrow we will see: Dow : down 55 points NASDAQ : Down 18 points S&P : Down 10 points

As I promised, I post my gain for December. It is almost close to what I predicted. 7.9%. November gain was about 23%. I am planning for a double digit gain (about 11%) for January.

not a good idea - AAPL is the last stock I'd sell naked calls on given the current strong uptrend. JMHO why not sell Dec and buy Jan or vice versa- maybe someone can elaborate on said calendar strategy as I didn't run a model Thanks for the input. Lets assume that AAPL will be 78 by Dec...

What do you guys think of selling naked Call AAPL 75 Dec @ $1.25?

What is happening on Feb 2006?:confused:

I clearly stated I'm holding until expiration, 6 trading days to go. I bought @ $0.40 and the bid is @ $0.35 now. The main topic of my AMD thread was the huge volume increase on these puts and I wanted some feedback. I was not criticizing your trade. I was saying that every one of us has...

another "good" trade-- ??? yes-- but we're looking for some >large< moves- like in CMe where the calls are now up 55% intra-day your suggestion has a limited profits and unlimited risks - what if XLNX had gapped up today 4 points on the raising of guidance - or whatever they did AH -...

Another good trade: Sell naked PUT XLNX 25 Jan If XLNX goes up sell naked call 30 Jan to make a spread.

actually the weekly(spy) does not look that imminent for a pullback... PS. I've posted daily Dow chart.... here is the weeky spooz I see a couple of lipstick signs on the chart. Did anyone kiss it? :D

Market was up for a while. Today TXN and XLNX came up with mid Q outlook. They are up AH but I see them good candidate to short at these levels. Short XLNX over 27.20 and cover at 26.50 Short TXN at the current level and cover a with profit you are happy. Swing trading target is $32. Every...

A Good trade on AX: Sell naked Call 65 Jan at 1.20 Buy PUT 45 Jan @ 1.05 Total trade Credit : 0.15 I see AX highly overvalued. P/E is 72. Not bad to be short at 65. P.S. I will not be able to do this good trade as my plate is extremely full.

Here there is a free download link to "reminiscences of a Stock Operator" Thanks for the link. I really encourage you and everyone else to read it. Your postings show that you are a technical person and you want to analyze all the trades. I leaned from the book that this guy was doing all the...

TXN Jan 06 32.5 put bid $1.5: probability = 54% TXN Jan 06 27.5 put bid $0.15: probability = 93% cnms2 you comments are welcome. we are here to learn. I see the first case, as betting on head or tail in flipping a coin that in the long run you will lose as the long term probability of...

Not my intention to be derogatory. % return, but at what price? Risk-reward shouldn't take a backseat to absolute return. I agree with you here one million percent !!!!. I don't think that I ignore risk in my trades. I know that there is no free lunch. Since I am a chicken !!,I prefer to...

Are you ready for your TXN puts to quadruple in value were they to pre-report a missed quarter? People shouldn't sell dimes and preach the risks of short premium. It's disingenuous at best, blatantly retarded at worst. One thing that I would definitely do is that I will post my loss if...

To GOOG traders. You guys believe that GOOG is nicely priced at $410 and if it goes to $500 it will be overpriced and good to short and if it goes to $350, it is a screaming buy. I see mad cow diseases in GOOG.!! You will get burned one way or the other. There are many other ways to make money...

I like to sell puts for a stock at the support price for which I would like to own the stock. I.E. I sold VLO 90 1/06 puts on friday. If VLO dropped to 90, I would probably look at buying some shares anyways. If the stock doesn't dip that low, well, I still make money selling the put. It's...