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It will depend how low it opens. I have ADI. MCD, TZA. GLD and SPY in my list now. Nothing else. Lets say SPY opens at 197, I will sell 189 weekly PUT with absolutely no stop. Not 5000 contracts. Only 4-5 contracts which should give me $500 for the week. Then sell my favorite 18 naked Call for...

Future is down over 220 points. I look at my account, I see I am long GLD and some way out of money naked calls on ADI and lots of dry powder for action for tomorrow. I smile and sip my tea.

Remember Margin money is like an umbrella that a broker lends you on a sunny day and gets it back on a rainy day. Use it with caution. If you don't pay that debt, you will have a bad credit. You already paid that 175K and pay the rest and don't whine. I know it is tough.

I meant shines. I meant I don't distracted by activities on stocks that I don't trade and don't get enticed to trade them. I concentrate on a handful of stocks.

You are right but I don't put stop loss on my trades which is very dangerous. That is why I don't trade anything that shies. I have a limited number of stocks that I trade them. Today so far I have not traded anything.

I don't mind if the market goes up. Market is surrounded with my auto-preset orders in both directions :D

:mad:

Again trade like a pro. Net holding is zero again. Tomorrow market will be down. be prepared.

MCD hit its target . Now MCD at 94.60 is a sell

Don't post things like that. If it comes true for some 9/11 like events, you might go to jail and be questioned for a while.

Trade like a pro. ADI is a buy now.

MCD is a short term buy at 91.36 or basically below 93 to 94. This is just a short term trend but long term I believe it will go down.

Today I sold 18 naked weekly 97.5 call at 0.6.

If you had 4X margin and were holding TNA which is 3x Russel 2000, if Russel goes down 3%, TNA will go down 9% which means that you will lose 36% of your money because Russel 2000 dropped only 3% !!!

Margin borrowing is in all time high. Lots of accounts will be zapped tomorrow.

AAPL will be down 5% on Monday.

I know future is down now but market has a great way of teasing traders unless you have a vision on the market. My vision on AAPL (which I don't trade) when it was at 130, was that it will go down. It was showing strength and I was keeping saying it will go down. Smartphone market has lots of...

SPY dropped from 212 to 197 so what. I am waiting for 150. TZA dropped from 72 to 9 and now it is 12. Drop is over? Hell No.

They will not do it because they love Shanghai. They will do it for self protection.

US and Europe will have to bail out China. Actually they will. I am sure. The damage of China failure is to US bigger than US banks failure. China holds US bonds.