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There is a little underlying battle here, between "Sunk costs are sunk." and the recognition of the full implications of an existing position, no matter how shitty it appears from first look. "Sunk costs are sunk" is a *powerful* economic maxim that reflects once a decision is made and money is...

Much less important than the *level* of the math is the quality of *your* execution of it. The math is little more than high school stuff. But your execution must be flawless, ultimately. You must put this stuff together as if your account depended on it. Heh. :wtf:o_O:confused::cool:

Overnight -- your reset is a great idea. But too, leave the multiplier behind -- it's best to keep things simple, and jump up to transaction-dollars once. (And, "last.") So: short at 3022 means the position is down $55 at 3077. Selling the Dec20 3025 put for $33 immediately cuts the loss more...

I am truly truly Truly sorry to read that, and I wish you nothing but great success from here on out. JEEZ.

Yeah, but we're talking etrades here..... :( SO! Whatcha gonna do, Ghostbuster? :wtf: HINT: If you sell a 3025 put for December 20 (likely FUT expiration), you'll pocket $33, putting a nice dent in that $55pt hole, WHILE giving you the opportunity to exit with a $5 loss. (In other words, a...

No such thing. You gonna go into a shoot-out with an airsoft gun? What you want is the best software that fits your style, and then do sim. (And ignore the malingerers. There'll be plenty.)

As the instrument is under CFTC, it gets SPANNED early and often. (Or, at least every 12 hours or so. :cool:) With that, the marginning will be all over the place -- whether via SPAN or IB-in-lieu-of-SPAN. If you wish straight marginning, consider the cheaper-to-write-anyway SPX options.

That's precisely my worry. Before, it was "Don't elect *her*, cuz Supremes. Now, it's "Don't elect *him*, cuz. :confused: (Keep in mind, that if Republicans had not lost their balls 3 years ago, or even 7 years ago with Romney, none of this would be going on. I mean, why didn't Romney OWN...

Gold's Gym (and many others) are not about lifting weights, but about getting rubes to hand over their bank account numbers, SS#, and sign a contract. It's a debtor-generating machine, intended to employ an army of bottom-of-their-class lawyers. They charge $10/month for a membership...

Kinda stunning -- even in a small sample size -- that an up-from-the-streets-by-dint-of-own-efforts story gets a hostile reception. • The guy credits the good public schooling he received. • The guy credits the G.I. bill. • The guy observes that he was lucky. • The guy observes that government...

And so, at the risk of repeating myself, I'll repeat myself: • Expenses are 100% guaranteed -- trade the SPX. • A 10 delta on an IC means a 20% chance of ITM finish -- but a 40% chance of having one side go ITM at some point. Find out why: P(touch)... Trade accordingly. • Most of what has moved...

He's just been on CNBC, regarding his open letter (widely available) to Eliz. Warren.... The guy is a saint. If you have the ability to hunt through CNBC or whatever, find this (still ongoing) interview, and cheer the guy on. Yow. Superb American. Super human being.

https://www.elitetrader.com/et/threads/who-is-trading-spy-regularly-questions.337456/page-4#post-4955853 Whattsa matter, Dullwittio (who needs to unblock, copy a message, spew a reply, and then reblock, because he's still sucking ball-shrinking steroids and lacks a backbone to post under his...

pls remove thread.

Hold on! I want in! "Tis better to light a candle than to curse the darkness."

Who "he", hey?

Well now, *there's* something I can believe. :wtf::cool: :D

I generally shy away from (even "like"-ing) posts like this.... but in this case, an exception is required. :wtf::p:D

If you can't dazzle 'em with brilliance, baffle 'em with bullshit. Oh, they care! They just may not know. o_O The probability of a given move is the basic calculation. POP is just the P(move) done to the break-even point. (Interpolate as necessary.) P(OTM) is the P(move) to a particular...