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Tonight the cost of 1 AAPL straddle is ATM (605) is $2253 + $6 in commish. So you are saying the OP should buy...(selling can't happen in his account because he started with $10K) On Monday AM or whenever the magic ball says to then close it for a profit the same day?? Obviously you would leg...

absolutely DISagree that options are good INTRAday vehicles. I actually do trade the weekly and monthly ES options and have done well doing it..using PA and couple other indicators. Agree that volatility trades are shorter term than what falcon is looking at. Everyone has to find their...

{LONG STRADDLES ARE VOLATILITY TRADES. THEY REQUIRE A VOLATILITY PREMIUM BALLOONING FROM SOMETHING HAPPENING.} That statement is why extrapolating a 3% monthly return and saying you can 36% annually is a mistake. Volatility seldom cooperates. It can contract for months on end and your...

Thanks again to all for your suggestions. 10Kguy I actually tried that last year in trading the cash ES. I decided to try and make 2pts per day and did that for about 6 months. Discovered 2 big problems ...the 1st was that all your doing when you set a profit target is limiting your...

Physical segregation and withdrawing profits are what I was thinking. Last year when I was up I talked to my spouse about withdrawing but didn't really have a plan where to put the money. I also considered opening a new account with a deep discount broker but didn't get around it it....then...

you have pretty much summarized the pro's and cons..there is one more "option" a ratio spread...you might do that to off set the initial cost yet have a few contracts to run. Personally I usually will convert the long call to a spread to lock in some profit if my initial call starts to make money.

Thanks for sharing however that really wasn't my question. I HAVE a system or methodology which IS successful...my problem is I lose focus and read too much ET and try something else (always with real money not sim) ending up not being on top of my trading and losing money before I know what...

I know this should be in another forum BUT I also know there are a number of professional and retail option traders who specifically hang out here and I'm just hoping for a few who might wish to share on what I believe is a common problem for traders. I've been trading long enough to know...