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Learn how to take a loss not a profit. Trailing stop/loss.

Just a thought, Sometimes it has more to do with psychology as I and many others have alluded to in this thread. Have you ever thought that maybe you're really close to where you need to be with your analysis and methods, and it could be something rather small, maybe a tweak rather than an...

Yes it can be done. Yes it can be done starting at a young age or any age for that matter. Yes it can be done for a loooooong time. Yes you can be profitable, very profitable at that. No, I can't see myself in another career at any age. Just left the lemming world and have no...

Candide, Voltaire The Sea Wolf, Jack London An Introduction to Zen Buddhism, DT Suzuki The Art of War, Sun Tzu There are many books on trading, but many other good, solid sources to find what it take to be a good trader/investor/businessman/person. It's all about the journey...

O.P., I reply to you without having read the entire thread to date, but as more of a personalized answer to your discussion point. You use some interesting logic in your beginning post (not the most sound, but interesting). It all depends upon what you classify as "rubbish" I suppose. It...

O.P. the answer is really quite obvious and nobody here has even touched on it, interesting indeed. If you even have to ask this question you probably aren't in the position you need to be in or you think you're gonna be in when you start trading. HUH? What I have found about trading is...

Success takes time as well as many other factors. Too often people don't give themselves enough time. Trading since 2003 (I believe this was the stated time or there about) is impressive, but not really a long time. Personally it took me about 3 years or so ust to get my total strategy...

Think about it though, why would you lay out the higher capital requirement for any stock that doesn't pay a dividend whey you will be able to participate more closely to that stock's movements with tighter spreads in options? If you are trading a stock regularly and "know" it pretty well and...

I know what you're talking about, just returned from a month long "vacation" in Florida and probably watched the market and CNBC for a good half of it. I probably traded for a good 15 days of the "vacation" (damned WiFi, I absolutely love it!). I spent my "spare" time poolside reading assorted...

If you can make it with .05 - .10 increments, you'll thrive with .01. Should result in higher win percentages as well as beefed up year end totals. (much wringing of hands and the licking of chops in the background) The groundwork will be set for the trading of options like that of...

Hey Arnie, nice position. Gotta know your greeks to make all that "easy money", LOL. Here's a little addition to your lesson; did you watch the volatility of those puts as well as the 65's spike on the news released late yesterday regarding MO? You see, they got a lawsuit filed on them...

Nothing wrong with a call as long as you can cover it. The greater point is that the global investor is getting their margin call right now. Lots of liquidity getting mopped up right now. Speculators getting squeezed hard and the fall out may be worse than I initially thought. I'm...

Would be interesting to see who here on this site will admit to getting margin calls this past week. The carnage/fallout of hedge funds from last week has yet to be acknowledged. I have noticed that several CNBC guests are starting to allude to hedgies they know of that got wiped out.

Crawl before you walk and definitely WALK before you try to run. Get a couple of different books from basic level to intermediate. Read them! I know a couple of options traders that really don't use anything really that complicated other than straddles, strangles and spreads. It all...

I don't discuss specifics due to the nature of internet message boards. I don't come here looking for trades nor do I want to give any. I think ET and its users are better served when discussion is kept to more general ideas regarding trading and investing methods and philosophies. I see no...

It's a sit-on-your-hands type of day. The coming weeks should be interesting. I am seeing several potential opportunities starting to set up.

Probably only the beginnig. There's gonna be many more to come and even more that have come and gone that never are heard of. You saw what happened to gold last week, that definitely wasn't all retail. There are A LOT of hedgies out there that are really playing in water that is over their...

Jimmy is correct Arnie. I also trade MO as one of my MAIN positions, you have to be able to do some simple charting and get to know the basics of support and resistance and their key levels. If you keep at it, you can do it, but why not add some books about the markets and basic charting to...

Arnie, There's a simple saying that you need to live by, "Don't mistake a bull market for brains." The last several years have been up-trending and I think many of the people on this site in general have done well due to this simple fact. Now it's gonna start to get interesting. I think...

1.) Stick with what you know. 2.) Depends on the situation. Good Luck!