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I damn sure wouldn't use their stop loss strategy. What I would do is spread my money out into several of their positions and possibly use stop loss orders of 50% or higher to avoid getting stopped out immediately. Some of their picks REALLY take off like you said but every now and then one will...

No, actually I've been trading straddles and strangles with good success. I messed up and had a MAJOR volatility collapse when I had about $12,000 in my account, taking it down to about $4,000. I'm back up to $8,000 now though, mainly thanks to RMBS having a 30% run up a couple weeks ago. I'm...

Get your buddies together and paper trade a full month of their free picks and see what happens. Each person would get a free week so you need 4 people. Simply sign up for the free email each time and paper trade the picks. My buddies and I did that and we were very impressed. However, their...

Thanks guys, that is what I needed to know. She was worried that if the market crashed I would lose everything because there would not be anyone to sell to. The way I see it, if I purchased puts on stock XYZ for $3 and the market crashed along with the stock and the put was then trading at $10 x...

I have a question about market crashes and how it affects options. My mother brought this up to me because she is worried that I'll lose my money if the market crashed like it did in '29 and '87. I told her that if I had puts that I would profit greatly from a market crash and she doesn't...

I realize that this guy is not doing it. I simply got the idea from that chart and thought, "10% per month in the options market would be much easier and much more probable than 10% per month on the stocks themselves." I thought maybe some of you guys had tried this but obviously not.

Wow, nobody makes at least 10% per month trading options? I would think that would be easy in the options market.

If an options trader could make 10% per month, theoretically that person could turn $5,000 into $1,500,000 in 5 years. Here is the chart I found but I found it on a penny stock site. :p :eek: I know this wouldn't happen with penny stocks...

This may be profitable after all. I bought at $1.20 and it is currently at $1.65 so we'll see. I have a feeling that this is going to get worse for BOL before it gets better.

So are PEIX and others going to be good put candidates pretty soon? PEIX shot up really fast and it just seems too good to be true for the mid-long term.

Thanks for the help guys. I forgot that I have a sharebuilder account with Wells Fargo and here is what it told me (Portfolio Builder) to do over the long term for aggressive growth and higher risk: Total of $400 per month, will be more as I make more money. (EFA) EURO-ASIA INDX...

This is an interesting site about straddles/strangles. www.optionslam.com I like to go back and look at what stocks have moved the most in the past on either earnings or just in general and quite a few of them average around 14% movement per month. I'm currently in a long term play on AAPL...

Thanks for the advice, fellas. I'm looking into a Roth IRA from Fidelity right now.

I'm 23 years old right now and I want to figure out the best way to go about retiring a millionaire. I'm not sure what to do though because there seems to be a lot of different ways to go about it. Someone told me that I could just open a savings account at my bank and put $7,000 - $10,000 a...

Here is a longer term thought. This is just a thought so please don't criticize me for it. What about finding stocks that have high volatility and buying a call and put on it 3 or 4 months out? I've seen some charts the past couple days that show stocks moving substantially in either direction...

I've got a question now that I know a little bit more about this. I use optionsXpress and I noticed that the actual straddle can be purchased itself instead of purchasing the call and put seperately. I would assume that a trailing stop can't be used on just the straddle purchase but it can be...

I get it, that way volatility won't kick my ass. You have to admit though, those moves by ACL the last 2 earnings were pretty strong. Especially the first one. I think they report earnings on the 24th so it may be too late this time around. I'll start looking for some companies that don't report...

So if a stock consitently moves a lot one way OR the other after earnings, I don't know what I'm talking about? Remember I said buy a call AND a put. I haven't heard about the option volatility scenario so I'll have to look into that more but I don't see why this can't work. For instance...

I'm still learning about option strategies so please pardon my lack of knowledge. I've been thinking about earnings plays for the past few days and I've noticed that a lot of stocks make a big move one way or the other, consistently, on earnings news. I'm sure this isn't a new idea but what...

Yes, very interesting. How about downward momentum trades using put options? For example: a few weeks ago when I should have purchased puts on Baush & Lomb (BOL) while it was around $60 a share and it is now around $47. How can big downward momentum plays like this be predicted? I had a feeling...