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  1. galvinlee888

    I am seeing a lot of Double Tops

    Real wallstreet? Things never change for the last hundred years in wallstreet, at least not to anyone in WS. Money still everything matter in WS
  2. galvinlee888

    Getting Hired At A Prop Firm

    10 million and impact the liquidity in currency trading? Not a chance.
  3. galvinlee888

    Did Robert Hoffman really lose 312K in a single TF trade? Yikes!

    Nevet disagree. Most of the ET "experts" here are the type of failed "quant" (mostly are some so called poor profesional such as engineer, mathematician, school teacher, accountant, students and etc) that though they can break the secret of the market by their limited knowledge in math +...
  4. galvinlee888

    I am seeing a lot of Double Tops

    It is OK to short when the fed stop their QE, until then, don't fight em..
  5. galvinlee888

    I am seeing a lot of Double Tops

    Techinal analysis is completely NOTHING when compare to Fed. Don't fight against fed.
  6. galvinlee888

    Best prop trading in-house training program?

    If the firm consider you as their employee, why should you pay them a "training fee"? These type of firm is actually an education firm that selling their training course or BS system. They are using marketing ploy by rebranded themselves as "firm that hire trader", and plan to suck you to...
  7. galvinlee888

    Best prop trading in-house training program?

    :) If you are newbie and you just happen to be in one of this "prop" firm, good luck and all the best.
  8. galvinlee888

    strategy for options portfolios

    The key point here is you can always short put and if it moves against you, you end up to own the stock. The common "expert" advice is to short call against the stock until it get "called away", however, you are exposing yourself to new risk, you now own the stock and how about if it continue to...
  9. galvinlee888

    strategy for options portfolios

    What happen if tza will continue slide lower ? Also, how much commission you have pay for the "exercise" for the 14/14.5 spread ?
  10. galvinlee888

    calculate win probability . how i do this

    What i said is non of the model is 100% accurate. If you too hang on those bul*sh** model, the only thing i can say is good luck. Note: don't ask me what is the best approach, trade secret. ;)
  11. galvinlee888

    strategy for options portfolios

    Where and who you get this idea/strategies from? Guru?? Trading forum? Books?
  12. galvinlee888

    calculate win probability . how i do this

    Inaccurate model. If model can predict 100% accurate, you will not have any chance to win in options trading.
  13. galvinlee888

    BABA- Earnings this Tuesday November 04 (before the bell). Buy OTM calls Monday.

    If you only willing to risk 1k, instead of buying 27 contracts of debit spread with 0.36 (in which you have to pay more in commission and slipage for teo legs), i will go for a plain 5 contracts straigh call, cheaper (in term of commission and slippage) with unlimited upside gain, and easy...
  14. galvinlee888

    BABA- Earnings this Tuesday November 04 (before the bell). Buy OTM calls Monday.

    Don't seem any real movement after the earning.
  15. galvinlee888

    BABA- Earnings this Tuesday November 04 (before the bell). Buy OTM calls Monday.

    This time you might be right as there is no history for BABA move post earning announcement, so I will wait and see. ;) If I am you, I will go for cheap straddle.
  16. galvinlee888

    Thinkorswim Vertical Spread Question

    Just close out the position. Honestly, no one ever exercise the option at expiration as this will cost you more (exercise fee, cash to long/short stock). Option trader normally just "close" the positions (buy back the short leg & sell the long leg)
  17. galvinlee888

    Thinkorswim Vertical Spread Question

    No, you just sell the whole positions ( 2 legs) with a profit. Technically your just "reverse" the positions that you opened. Example: XYZ was $101 a month ago, you buy a call $100 and sell and call $105 for a debit $2 XYZ is $104 near expiration, you decide to close the position and take your...
  18. galvinlee888

    SpreadProfessor Clients - Thanks !

    ++1. You can only gain profitability after many years (> 5 years) of experience and commitments, plus you should be at least smart and has data driven mind.
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