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If you need rise/fall to make a trade, you want to know the ATR. If you're looking to trade all day, you want to know the tide. (So, maybe an ATR(15min/6SMA.) But if you're looking to trade more frequently, then a 5min or 1min window is what you wish. If the 1min ATR is at 1.0pts, and you put...

The ATR(6SMA) has been >1.0 all day. (And mostly, 2.0-3.0...) That means you could put on a mess of 0.50pt trades, and mill them about as quick as you can click your mouse. Use a stop! For sure; for sure. But Jeeeez. So! "Skip it"??? Nah. "Trade to the market," instead. (IMO. YMMV. OIMMBCTTA.)

I programmed Black Scholes Merton into my (admittedly ancient) microwave oven, and put in some freshly-kneaded Irish loaf dough, and I can say without a doubt, that the results were miserable. Therefore, BSM will not work to change my flat tire, either. WTF? Who needs such junk? Isn't it all...

Why short & naked? Why only Buy Puts sometimes? The thing about limited risk trades is that the risk is..... limited. The thing about unlimited risk trades is that the risk is....not.

"...Life is very short, and there's no time for fussing and fighting, my friend..."

Consider, rather than buying a put outright, a spread. For giggle's sake, your CC's bottom-side BE, and then sell a few strikes below, to make a dent in the higher/long put cost. (Here's where I put that chin-scratching emogi.....)

Of course, there's Mom's favorite... "If you wish in one hand, and pee in the other,......." Good ol' Mom.....

You need to erase the board and start over. Covered calls and buy-writes are 'low risk' trades only when you already own or intend to own the underlying. Otherwise, they carry the same risk as outright ownership, which you should hedge/insure as befits your entire portfolio. Look at some...

I have never owned a sell fone. I don't The Facebook. I've been watching closely for 20 years, but it still seems not-quite-mature technology to me. :D

TWS is not intended for monitoring individual trades. I don't know of a professional system that is. (Or why it would be.) If you wish to monitor individual trades as part of a system (i.e., grouped trades, average hold for profit, average hold for loss, etc), that would need to be done outside...

True. (given edit.)

:rolleyes::D:rolleyes:o_O:cool: My first versions of TWS were in the 860s, puppy.

Google?

At least, in terms of long/short positions intended for longer term (week or more) holdings, and without nose-to-screen monitoring. An ADX of anyone's parameters is well below 25 -- "Woof!" (On the other hand, a VIX above 20?? == $$$! for the option crowd.)

Computers have been a part of my professional life for 35 years: "reset" is an innocent term that means "Here comes disaster." Look in any Dev/Ops area: skeleton staff is the middle of a run. When do they have both shifts present? "Reset." (Also known as changeover, update, startover...

Rather than thinking in terms of an iron condor, you might examine whether to trade matched-margin vertical spreads on each side of the market. When the market tanks, write the bottom. When the market spikes, write the top. You'll end up with an UC, but with much better positioning. (And, better...

Methinks we've allllllll been wrapped just a *little* too tightly lately....! :D

It's like, somebody died or something...:confused:

Beautiful! What a way to start the weekend. Thank you, OvNite! It's wailin' now, as I prepare an early dinner.

You know, if I only look at his mouth, he seems to be saying the opposite -- "I'm not big-boned -- I'm fat."