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I can see your pain in seeing that I am making money and don't give up when a stock goes against me a little. Yes I am nibbling in MCD at 87.06 now. I will be happy to sell it at 88.

I see MCD is a buy at this point for a 50 cents to a buck bounce.

A hedge fund manager was saying fiscal cliff is like sex. Before any resolution (good or bad) everyone is excited and erected. After the resolution, everyone will relax and market will drop.

agreed.

Watch this video. This might help. Watch it 7 times with 100% attention and then watch from 5:00 to 7:00 (14 times). See what he says about stop loss. Let me also correct myself. Stupid trades cannot be repaired. Good wise trades always give you many chances to repair...

By the way I put an order to sell CL at market just a few seconds after the market opened at 90.51 and my oprder to cover was 90.01 and it just went through. I makde my $500 minus about $4.5 commission. My reasons to short CL were so obvious: 1- CL rallied from 86 to 91 in a few days and on...

I don't follow that index but let me give you one example. I was shorting ES as a hedge to my other positions and then covring it with one or two points. Then about 10 ago when I shorted at 1422.5 (December contract) it started to go up and and it went to 1450 (I don't remember exactly the...

I have the following 7 books for sale. I will sell all of them for $100 which includes free shipping in US. They are in extremely good condition. Some are like brand new and no highlights and there are some minor highlights on some of them. If you are interested please PM me. I will accept...

I will lose my voice if I want to convince you guys. I cannot imagine how many traders believe that stop loss can save their ass and it is OK to just enter a stupid trade and put a stop loss and assume that they are safe. You have to enter a trade intelligently and be able to tolerate the pinch...

The trick is position sizing.

So do you mean that you can make $500 by shorting at open and closing it the next day at 10AM everyday because it has $2 ATR? If you say yes, we have discovered the best system ever.

I still say maret will be flat and oil will be down at least 50 cents.

Do you guys believe that even if they agree on a inky dinky deal, market will rally?

They are buying time by these meetings. There will be no deal soon. In the meetings they talk about the best wine that they had and their kids soccer game. Nothing else.

Absolutely no stop.

A very safe trade: Short CL (oil future) at open at 6PM ET and cover it at 10AM on Monday with at least 50 cents profit. 50 cents one contract is $500.

You have to adjust your question to : "What option expiry should you sell to get the highest decay rather than selling a 4 month option and wait for the highest return" If volatility goes up, it will increase the premium more than delta decay so I believe there is no exact formula for your...

He told everybody. he knew everything. His voice is like he has swallowed 500 cigarettes :)

Based on my decades of experience on trading you lose when you change your edge based on a minor bump down the road and you think your edge is not working anymore. You should keep punching as Geoge Foreman says. Based on what you said, you are a long time investor so no need to sell. If I were...

Let me give you my prediction for Monday. It will be a "Flat" Monday !!.