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  1. oraclewizard77

    Al Gore Accused Of Rape: Another Inconvenient Truth?

    For $ 300, he could have gotten a cute girl to come over to his hotel and f him. Or since he's famous, he probably could have gone to a local bar, and just pick up a chick for free and f her. Obviously, he called a for an actual massage, and either over paid for it, or that was a 3 hour...
  2. oraclewizard77

    Argh new Vostro 3700 Dell Laptop has a high pitched noise

    There was a known problem with a NVIDIA chip that when failed caused horizontal lines in my last Dell laptop, and they sent me out a brand new laptop with better features and a ATI video card or chip after 1.5 years of using the old one. I have to say, I think Nvidia is starting to suck big...
  3. oraclewizard77

    ES Journal Archive (2009 - 2010)

    I agree that you are doing good trading. However, you don't understand my definition of adverse risk. What I am saying is supposed you are short CL, and Israel nukes Iran while you are still in the trade. Your stop will not function and price will gap up.
  4. oraclewizard77

    ES Journal Archive (2009 - 2010)

    What I am doing is being Warren Buffet and selling the super protection insurance to the vertical put sellers since I believe the option is so far out of the money, that even if the stock goes down, it will not go down that far. For example Buffet will sell hurricane insurance to the...
  5. oraclewizard77

    ES Journal Archive (2009 - 2010)

    What I believe the pros are doing is either buying the DNDN vertical put spread for example long the Nov 30 puts and selling the Nov 25 puts, or they are selling the Nov 30 puts and buying the Nov 25 puts for protection. For example, those buying the vertical puts, would make around $...
  6. oraclewizard77

    ES Journal Archive (2009 - 2010)

    As long as you don't use excessive leverage, being long a naked put is the same as being long a stock. Here are the differences. 1) If you are long a stock, you only make money if the stock goes up, however, a stock can go up more than the premium you get for selling a naked put. 2) If...
  7. oraclewizard77

    At what price BP?

    Good news: BP found not guilty of crimes against humanity However, on another note, they were found guilty of crimes against birds and fish. The court voted to feed the CEO to the sharks. However, he escaped punishment when the shark died from ingesting too much oil before it could eat...
  8. oraclewizard77

    ES Journal Archive (2009 - 2010)

    Of course, you could have just gone long on DNDN today, and made $ 1/sh already instead of getting complicated. :-)
  9. oraclewizard77

    ES Journal Archive (2009 - 2010)

    NoDoji, I am not telling someone to sell puts on a biotech before FDA approval, that is of course silly. DNDN already received FDA approval for their drug plus it sold off during the market correction and profit taking. If DNDN falls to $ 25/sh, would be like getting the price before the...
  10. oraclewizard77

    ES Journal Archive (2009 - 2010)

    Just ignore them or challenge them to take the opposite of one of your trades. I am a little pissed in that I waited for another good trade today, took it, and got out with just a small profit, and the market shot much higher. I think if I am going to wait for a good trade, I need to take it...
  11. oraclewizard77

    ES Journal Archive (2009 - 2010)

    Did a nice jump on a break out for CL, although was scared I may be chasing, my target got hit before my stop. Then I was waiting for a good ES long trade.. By price analyze, I thought I should go long at 1068, but my indicator were still negative, and I missed the trade, and we hit 1072...
  12. oraclewizard77

    Passage to $1 Million

    I think there are so many TA indicators that people don't spend the time to actually learn how to use the few that work. I saw another trader using an indicator for stock trades, so I added it to my future trades, and once I watched it for a few days, I determined it was pretty good in...
  13. oraclewizard77

    CL Redux

    Crude is like gold, it has more value based on how strong currency is and what is happening with interest rates and overall world growth. Also, TA is important.
  14. oraclewizard77

    ES Journal Archive (2009 - 2010)

    Currently long the SPY 110 July call, thinking we may have tested a bottom, and will look for a rally this week. I killed my previous short put July hedge at a $ 7 loss as I no longer believe it will reach my price target.
  15. oraclewizard77

    CL Redux

    I put a line alert on CL at 76.21, and then I forgot I changed the chart to NG in order to study NG. I saw then that CL broke above 76.21, which to me makes CL more bullish, and that it had run above 76.40 before pulling back. So I bought at 76.28 and gave it around a .15 stop to give it room...
  16. oraclewizard77

    Weinstein Trading and Fading

    Robert, if a company can't get its drug approved, its the same as a company saying that its going to file for bankruptcy. Now, if its a large company like PFE with multiple drugs, then yes, there should be some support for the price. If you read something like this before trading the stock...
  17. oraclewizard77

    is trend following really profitable?

    You need to also determine if you are trading intraday or over a week, or over a month. Let's assume you catch a trend, note I also really don't using a trailing stop since, you could either set a target price to get out of the trade, or let the market tell you when the trend ends. From...
  18. oraclewizard77

    CL Redux

    One good or bad thing if you are wrong in direction, CL does move much more than ES. At the time of the trade, ES was around 1112, and now its around 1111.50. So it move 2 ticks, where the CL moved over 10 ticks in same time period.
  19. oraclewizard77

    CL Redux

    Sometimes you don't even need a chart. I was looking at CL and ES prices. I then saw CL start to move down on the DOM, and went short for a scalp at 78.34, I had a stop at 78.51 to give it room to breath, and my target was 78.24. This was after all night long looking at where if I put mental...
  20. oraclewizard77

    ES Journal Archive (2009 - 2010)

    I would not mind telling you if it was a private conversation instead of posting my secrets for everyone to read, assuming you would be willing to keep the secret. Also, yes, I was trading against the trend basically most of the day but I did not realize we were in a trend channel down when I...
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