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I wonder if anyone has put in a tight stop-loss order in currency trading and (kind of deliberately) forget about the profits. Let's say this stop-loss is near the low, as the EUR/USD pair is right now. In one weeks' time you probably will have a small loss due to the stop loss order. Or you...

Give this guy a break. Haven't you made any stupid mistake in the past? Having said that, I agree that he should do more research on options. I am still learning the craft myself after a few years.

Higher premiums also tend to mean higher risks, so just know what you're getting into. Learn from my mistake: I sold some very juicy premiums on DNDN before FDA news and made money. Then I did the same with ITMN, and I gave back all my profits when the stock was down 75% in one day! Before the...

Interestingly, there was not a huge volatility crush. IV dropped, but not by nearly as much as I would have expected. That could potentially bode well in the sense that people have hopes that it might go up. In fact, when I pull up the OTM IV graph I see a big "U" shape indicating that the...

The news was disappointing. I sold some puts and I'll owe up the fact ($15, $12.5, and $10). Unfortunately, it was no DNDN replay for me. Any suggestions as to what the next step is? Take the shares? (maybe not the $15, but perhaps $12.5 and $10 if assigned by May expiry). Darn it. My...

I've also collected some short OTM put premiums on ITMN. We shall see the results very soon. (I was in DNDN too--hopefully it will be a replay of that: approval).

Thanks for the replies and the many good points so far. I also like spreads but sometimes a really high probability spread has razor thin profits (especially after commissions). I still do spreads at times. (For these reasons, I like iron condors in principle, but rarely employ them). I've...

Hi all, I'm new to Elite Trader, though I have been trading options for three years now (on and off, ramping up recently). Predictably I started with long calls and shorts. More recently I'm into credit spreads and uncovered writing. I understand the argument that you'll have a lot of small...