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+++1 This is most of the ET here did when they posted their chart, after event shit :D I try to cut and paste one of the SP history and ask those PA expat to tell me what is the next move .. you know what, their accuracy to guess it right is not any better than flipping a coin with 50%...

To me, he is not any better than our Jack H :D

I agreed that guessing the direction is as good as you used so called TA, as either method you are using, you are not any better than flipping a 50% coin. A stop loss of 2-3 tick (plus commission) is a sure loss approach. Noise will kick you out for sure.

The problem for multiple strategies is that you won't be able to know "when" you have to switch strategies. All the indicator are late to tell you this.

++++ 1

I know your retard strategy, try to generate the internet traffic for your BS+loser blog, and hopefully one day you can introduce some BS subscription there. Those who follow your advice / Blog will surely fall in the 90% category of losers :D :cool: Do you know it is illegal to post...

Ever think about going to Las Vegas ? It has the same kind of excitement as you expected from your trade, at least you get free food there. :cool:

I just ignore all the post for this Poor Jackie old guy. If Jack is so good, why he never success in any real trades ? If he can show 100 trades in real time and have more than 70% correct (even only 1:1 risk/rewards), then we all become his sincere follower :)

Oh ya, I will take your advice :p Still trade using your paper account and make 6 figures every month ? :D

Buy at ask, sell at bid ? Leg in won't work every time and you still take directional risk in this approach :D :D :D I tell the true and the ugly side of the option trading. I can't understand why people don't listen :p

Limit order won't help. - You need at least two legs for a spread, for SPY, the best case bid/ask for each leg is 0.01, so two legs will get you to 0.02, assuming you are using IB/TOS with commision of ~$1/leg (my TOS commision is only $1/leg due to the volume and my account size), this will add...

In theory, the answer is yes. Reality is NOT, do you ever take into account your slippage and commision ? 0.48 will be ~0.45 and 0.52 will be ~0.55. In long term you will loss as not many edge can help you to recover this "transaction cost". Ever think why casino never loss in roulette ...

short call or put ?

Thanks for pointing this up and prevent the newbies to fall into this kind of scam/trap. I think most of us here are experience enough to know this is the scam when we first this thread (include myself) :D Nevertheless, I still hate to see those scam head target those newbies or...

Another Path: - Earn a PhD in Advanced Math & Science - 4-5 years - Work with one of biggest Casino in WS (GS, MS and etc) 1) Learn as much as you can on the job based on your PhD's intelligent 2) Save as much as you can from your Bonus - Quit after 3 years (or wait until...

The real problem is that this market will move down for sure if the brainless politician stay away from it. But, as a politician, you have to do something to show that you are saving the world, so, the easy and the only way is to kick the can down the road and this create all those chops...

Agree, don't fight the market and take unnecessary risk. It is always good to take the profit and look for another opportunity :D

The market is not moving up as expected... :mad: I think this is the time to take profit and go, you should be able to close the positions around 0.60 for IWM, a 50% profit, not a bad one ..

The Small Bicycle is really the great entertainment in this board, much better than increasenow :D

Look at the time stamp of your post - You make a bearish call AFTER the S&P tumble ? You think we are all stupid here ????? You are the biggest loser I ever see in here,even worst than increasenow. You can't trade but still try to prey/cheat the new herds here to your BS blog ? with the...