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1.) Always trade, and stay in the market. (pay attention to it). It will help teach you to keep your emotions under control. ( i periodically go in the market for 2-4 months then hit a losing streak, then take a break, then come back) But each time I get back and stay in I have this emotional...

I trade options because it's like having a huge credit card with no interest.

GLD I'm going to play a bounce off the 50 day sMA. It closed above it, but did "kiss" it intraday. I'll be closing out my puts at a loss (because I got in on the lows - bad timing) and hoping to minimize some of my loss by recovering a little bit on the calls. I will most likely...

thank you for you comments HFStartup. Non-directional trading I really dislike. But I'm with you on the trading volatility.

Not much of a loss today, but a lot mental stress. I will say that my patience has improved, however I was a bit agitated. I need to figure out to blend how I trade at EOD and how I trade intraday. Tonight I will be doing a recap of my open positions and a tall of my win/loss %. A part of...

bought some GLD Puts on the lows of the day, so I'm stuck with this straddle. Ahhh. I've made some adjustments that cost me some profits. Fucking A! If I had just went to work my account would've done better.

I got filled on my GLD Put and AAPL Put. They are already making a profit. Trading account is recovering from friday's pull back. Overall the market is bullish. I'm expecting it to remain sideways and most likely trade down. I put in some long positions, but also some bearish put positions...

Took some heavy losses, but I stuck to my plan. No one ever likes losing, but all you can do is stay disciplined and minimize it. Closed all my positions from my last post except for GLD, LVS, BIDU & GOOG

Plan for Friday NFLX Still betting on a higher close on the daily on friday if the market has an up day. On the hourly chart, it seems to be to have a 50/50 probability that it will bounce off the 20 period sMA. As of right now the that would be 174.05. Based on my trade that would be...

1.) Anything Can Happen 2.) You don't need to know what is going to happen next in order to make money. 3.) There is a random distribution between wins and losses for any given set of variables that define an edge. 4.) An edge is nothing more than indication of a higher probability of...

All long position filled from my previous post and they are all profitable except PCLN NOV Calls pread 420-430 for 4.1. It's around a strong area of support and had a max $135 draw down. But I'm in it to win it! until the trend changes. And I just tried to add to the position, but accidently...

cutting losses...cutting loses. letting profits run. emotions is the main thing. I'm always working on this. - read TRADING IN THE ZONE BY DOUGLAS

IGT trade didn't fill Adding to positions: AAPL 310-320 NOV Call spread x1 5.50 debit & AAPL 330-320 NOV Call spread 3.35 credit Reason for entry: new short term support at 315, adding to position and buying weakness. Stop Loss: position closes at a 400 loss, adjustment at 320 per share...

IGT Earnings Trade 15 NOV 10 Call 1.35 x 2 Currently trading at $16.35 (close price). Looking for to enter on a pull back intra day at around 16.18 for this trade to enter at 1.35 Reason for Entry: Support at 15.60, Next level of resistance 17.50, Positive earnings play. $250 exit (100%...

With options, I'm learning to not trade with contracts so far out because they have very low gamma. You basically make less money for a big move and have a higher chance of getting killed by volatility crush.

I'm much calmer with the market open. I'm starting to feel in the "zone." Emotions are in much better control. Some Lessons Learned and Mistakes: I made a trade by closing trade of one of my BIDU 110 NOV short strikes for the wrong order amount. Effectively I locked in $30. GAIN: $30...

MGM NOV 14 Puts x 2 for 1.41 OPEN Target is the 12.50 or 12.25 level. Doing some small option day trading and learning.

ATVI Trade Bought for 1.29 sold for 1.79 Trade Plan hit for a swing trade. $100 made CLOSED

Just a quote I heard, it's pretty funny, but very profound when you think about it. Well, at least to me it is.

Bought MGM NOV 12 Calls x3 for 1.05. I set a plan to exit 100% loss, but violated my trade plan and exited at a $63 loss total or about 0.21 per contract. I want to get into MGM later, but not now. So that's one of my day trades used up for the week =( I entered NFLX, 180-190 NOV x 2 for...