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  1. galvinlee888

    Just theory or workable action plan?

    The million dollar question is how you will know when a stock will or will not gap down after you write a Put? In teality, Premium generally been priced in those volatile stock, you will not get any good premium if you write a Put on low volatility stock and vice versa. To me this is still...
  2. galvinlee888

    Just theory or workable action plan?

    Assume you will use margin as well to buy stock.
  3. galvinlee888

    Another day trader bites the dust

    Are you a consistent profitable trader?
  4. galvinlee888

    Just theory or workable action plan?

    For those who is new to options, you may not realize you need to put up a margin/capital when you write a Put. You are risking significant of capital for small profit which is your premium collected. It is ok when your short position is expired worthless, the tricky part is when the short...
  5. galvinlee888

    Just theory or workable action plan?

    go for it.. since it is free lunch. Covered call also a free lunch, it provides you "consistent" monthly income. Ask yourself why the institutional never use those strategy in "practical".
  6. galvinlee888

    Just theory or workable action plan?

    The problem is if your dream stock fall overnight due to whatever bad news ( accouting, SEC investigation and etc), you will be in deep trouble if you write Put against it. The likely case at that time is you don't want to own this stock anymore as your opinion/expectations to this stock have...
  7. galvinlee888

    If there was a trading technique that was 90-100% always positive, how much would you give to learn

    Yes, he never loss for 9 months. In this 9 months, he has a few trades that almost wipe him out but he manage to get away because the market eventually reverse to his favour. The final wave come in after 9 months and drain his account. This is no secret, just a pure statistics and...
  8. galvinlee888

    If there was a trading technique that was 90-100% always positive, how much would you give to learn

    Two month? I saw someone that manage to use this method and making money "consistently' for nearly nine month (he almost tripple his capital) until one bad trade hit him, and he loss ALL in that one single trade.
  9. galvinlee888

    If there was a trading technique that was 90-100% always positive, how much would you give to learn

    This is perhaps the most dangerous strategy in the world. You are betting a small return with ALL of your capital. This is no different as betting ALL your money in 35 numbers (out of 37 numbers which include zero) in roulette and try to make a tiny profit, and praying the last two number...
  10. galvinlee888

    If there was a trading technique that was 90-100% always positive, how much would you give to learn

    What is your risk/reward ratio? How much % you risk and reward in each trade?
  11. galvinlee888

    Gotta love ZERO RISK in the SP500 = $$$

    Trend following vs chop.
  12. galvinlee888

    Gotta love ZERO RISK in the SP500 = $$$

    No offend, Honestly I did like your posts. My 2 cents, don't fight the Fed, just have to live with it and take the easy money they offer to you. The super complicated hedge fund approachs or strategies are long gone, KISS and BTFD is the only way (obviously with a good SL or hedging).
  13. galvinlee888

    Gotta love ZERO RISK in the SP500 = $$$

    This signal the market will reverse and move up pretty soon, S2007S is the 2nd best bull indicator in ET, after the small bicycle :cool:
  14. galvinlee888

    As if majority are losing traders, do you fade the input provided by ETers?

    The trend is pretty simple in broker world and is not a secret to anyone in the street, you have group of people that make profits in certain duration, more like few months or even years, then suddenly those winners turn to losers and eventually gone. In long term, they all gone. This situation...
  15. galvinlee888

    If there was a trading technique that was 90-100% always positive, how much would you give to learn

    You have 90% winning trades, what is your risk / reward ratio ???????????? The 10% loss will burn your account 100% ? You must be pretty new to trading, or you just a vendor that targeting someone that new to trading.
  16. galvinlee888

    Gotta love ZERO RISK in the SP500 = $$$

    Now is 6.35am GMT time 28 July. I just long YM with the average entry price of 17460 with half the size of my normal position. Stop loss at 17310.
  17. galvinlee888

    Gotta love ZERO RISK in the SP500 = $$$

    Why I smell the bottom is near and the market will bounch soon?
  18. galvinlee888

    Backtesting: My trading strategy works too well

    I agree real time call is not a good way to show something especially if you trade in a short term, a paper trading account may be a better way (as far as you are not scalping for 2 to 3 ticks). Over the years I have met so many profitable trader and also fake guru. The fake one always exhibit...
  19. galvinlee888

    who is your fav trader to follow?

    This is so true !! The only things is the odd is actually less than 50/50 when you take into account of commission & slippage (it is getting even worst when you are using leverage). This is the reason not even the institutional are profitable in this kind of speculation. The money making part...
  20. galvinlee888

    Backtesting: My trading strategy works too well

    LOL, more excuse to avoid what you claim. If you can show the real time calls with clear SL and PT. Example, if you claim you have the 90% winning trade with risk/reward = 3/9, you only need to show 10 trades with this type performance (without revealing "why" you take the trade and your trade...
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