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I vote for EITHER since for the most part, I don't care which way the market moves as long as it moves.

Let's see... I can strive to continue making 6 figures and pay the dayam taxes or I can spend my days drinking beer and watching soap operas. Hmmmm. Tough choice.

It's an old adage but it applies - look to let profits run and to cut losses (don't give up profits either). Look to capture as much of the move as possible not some fixed, arbitrary profit point. B/A spreads are a fact of life and obviously they're going to affect you. It's part of the cost...

Like I would have a problem with being on a lucky winning streak for years or even decades? ROFL

You really need to understand that some people say NO becasue they don't know any better and others say it because that's all they say. Trying to convince a naysayer that what is working for you is what's best for you (not others) is a waste of time.

I'm not as neurotic as you but I make it a regular habit of pulling money out of my brokerage account and putting it in those stable banks being bailed out by the gubbermint :)

What you do depends on your outlook for the underlying now and how much add'l risk you want/can handle. For example, if you believed the run was over, you could book a profit by selling the long leg (80c) and buying the 90c, creating a bearish spread. That could be added as #4 on your list...

You have to decide whether fear or greed drives you more. If I had a double in a pending news stock, I'd be locking some of that in now. Things I'd be looking at would be to: 1) Sell some May 5 calls and book a profit (at least enough to recover the initial option premium laid out) 2)...

If you're making 2-3 trades a day and you're giving up 10k, you need a better commission rate. I think that a better approach would be to evaluate whether day trading is succeeding for you. If you're doing better than money market rates and your abilties are improving, just accept...

IMHO, This was the best response to the OP's question. There are days when external events quickly take the wind out of your sails and there isn't much you can do about it. When it happens, I do my best to get back as much of it as possible but I make sure not to dig the hole much deeper...

Back in the 90's I knew some brokers who worked at smaller firms that pushed their small cap IPOs which usually had fairly larger spreads. At 4 PM on the last day of the month (or later in the after market if another trade followed at the bid) they'd buy a 100 shares so that the monthly...

1) Get with a low commission broker. At 1/2 a cent a share (or less), they're barely a consideration. 2) And ditto on the simulator. It's great for learning the mechanics of your broker's trading platform but it's a far cry from dealing with real risk.

You never heard of a SPELL CHUCKER ??? :)

That reminds me of the quip about George Bush who was born on third base with a silver spoon in his mouth and he then proceeded to steal second. :D

I take it that you're an optimist ?? :D

Sadly, the American public has been sold a bill of goods by the financial establsihment. Eg. you have to be in it for the long haul. Shorting has infinite loss. You can't time the markets. If you miss the best 5 days per year you won't achieve long term statistical gains.,, ad nauseum. Maybe...

Can the list be expaneded to inckude "That's where I make money trading" ?

There's no ideal golden time frame for trading. Some succeed at day trading. Some succeed at swing trading. And in the past year, few have succeeded with buy and hold. The trick is to find what works for you.

The government uses the U-3 number as its benchmark for unemployment. It makes things look a lot better than they are. U-6 is a broader measure which includes "discouraged workers" (people who want a job and have been looking for more than 12 months) as well as paert timers who want full time...

Ditto to that. After thousands of trades, it becomes mechanical and unemotional.