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Almost anything works if the risk mgmt is done properly. I only deal in index options for the last decade+, but I have a friend that trades the ES futures. He has a system for guessing the direction of ES. When his criteria are met, he will go short or long ES. He sets a stop at 2 points of...

That's the rub here in the US. I think the vast majority of the public feels like they aren't paying for something if it isn't billed to them via their mailbox and taken from their wallet by their own hand. That's how the regulations have gained this sticking power over the years. The $100...

Whew! We were concerned. My advice to you at this juncture...is to write a book and start doing seminars on how to consistently do what you just did.

Pure capitalism is indeed quite good at sorting out those that will thrive from those that will subsist. Throw in a gov't safety net to handle the basic needs of the poor, hungry, disabled and (otherwise deserving) unfortunate and we've got the basics for a viable system. That's what we...

That sounds awesome...how much do you want for it? :D

That's the issue with many of these "great ideas". Everything on the surface sounds wonderful, but there's generally a catch or loophole, engineered and assured by the lobbyists of the industry affected. Both parties are equally guilty. Even without the nefarious intent of creating a loophole...

An interesting read for those that have been through the trenches of managing long term derivative positions. http://nautil.us/issue/31/stress/what-i-learned-from-losing-200-million

Yes, that's the lesson from the video. Once you are able to do the math, you will make the money. If only more people were able to extrapolate their fortunes from their better days.

Not sure who wrote this, but there's plenty of inaccuracy in it.

I can't hold'em...start peeing myself after maybe 10x and just sell it.

Nice work. TA has never worked for me, but I always love reading about people that make money in ways I never could. There are so many ways to do this.

So here's the question...if it starts really going your way, how long can you hold it?

OP never even came back. Is he reading all of this?

The curve is different between the put and call side as well. If I want to close out some ITM calls at 80% of their eventual value at expiry 5 points at a time, it's easier to do that with calls than puts.

Forget it. He's on a roll.

I love these threads.

Typically anything over $5 is in quarter increments and below $5 is a nickel. However, there are times when IB wants an even quarter entered for certain spreads. Once the order is live, you can sometimes change the price by editing it in nickel increments. The dropdown box may still show...

Looks like Clinton Portis should have had a plan B. http://www.totalprosports.com/2015/12/19/clinton-portis-files-bankruptcy-owes-mom-500k-blew-43-mil-over-5m-in-debt/?utm_source=facebook&utm_medium=tpspages&utm_campaign=fb

It may have taken longer for you to type that than he has spent seeking a profitable strategy.

If you are consistently losing money with your current strategy, do the exact opposite.