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But my point is this: You do realize a small change in IV will change everything else, right?

Lol! I think they did, actually.

One little bump in implied volatility is going to mess up all of your numbers.

I suggest you two fight it out on the P/L thread. I've been there, done that. Your turn, big talkers.

You used the words Trade, Investing, and Cold calling in your previous post. None of which have anything to do with the other. You also come across as being unnecessarily harsh. Therefore, I will throw harsh right back at you. You obviously don't know what the hell you are talking about, and...

You sound like emg. And that's not a good thing.

Any strategy implemented poorly is a failure. That was one of my points. But where did he get the money to open a clearing firm? Moving avg crossovers? I don't think so.

I suppose you could say the same about Mark Fisher. It's rare, but sometimes the good ones write books. I won't read this book, but I don't think you should assume someone isn't profitable just because they decided to share some basics. Who knows? Maybe he wanted to impress his kids and have...

I wish someone like atticus would say something. Like I said, I'm pretty good with options knowledge, but I have this strange feeling in my gut like I don't know what the hell I'm talking about.

No, he's right. In a way. It's based on current implied volatility. That's why the shape of the cone will change if you mess with the IV settings. But you need some data to make the computation in the first place, right? You can't compute standard deviations without past data.

A agree. I worked at Ameriprise as an in house financial consultant for a while, and it was a different world. Compared to other corporate jobs, it was pretty loose. But compared to trading, it was just another stuffy cubicle job. If you are one of the few who actually wants to help people...

I agree with random capital. Just use it as a general guide. I know you can use the think back feature, and I think you can punch in a date which will give you percentages for the upcoming expiration. But be careful. Something about backtesting options strategies scares me. I'm pretty good...

I don't like how I put that. The computation is always based on one years worth of data for the SD. And then the percent is adjusted for how many days are left. I think you knew what I meant. Just wanted to be clear, though.

Wow. I love the quote by Marianne Williamson. (And the chicks are pretty hot, too) Good stuff, Cass.

The percent is based on standard deviations. 1 SD = 68%, 2 = 95%, etc. The amount of data used for the computation depends on how many days until expiration. Accuracy? Well it's freshman level math, so I gotta go with 100%. Reliability is another issue.

About a year ago, I read an article published by an advocate of the doomsday global warming theory. (I can't remember his name. I'll try to dig it up) He stated that in the absolute worst case scenario, the sea would rise less than 1 centimeter per year. These Nat Geo programs on tv which...

After reading this, it's evident that someone from academia with a $2000 Etrade account has read about 100 books on technical analysis, and has combined them into nothing more than complicated mumbo jumbo for the "student" of TA. There are much better books out there. Mark Fisher's The...

It's possible, but I haven't heard anything like that. Our group initially switched because many of us wanted to be co-located, and that wasn't an option with sterling at the time. (As far as I know, that is still the case) And our programmer just didn't want to support both platforms. Can't...

Trade the news has an add on squawk, but it ain't free. But as a new guy, do you really want to trade a method which requires you to listen to a squawk? Others may tell you differently, but I think you're nuts.

I understand. No problem. We all started somewhere. I just think it would be helpful in rapid fire trading tactics. But I will never recommend that type of trading to a new guy. Hell, I won't even recommend it to me.