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I have been trading this for almost a year and have about an 80% win rate. Some big winners and some small winners. Since my losers are 100% of risked capital I just treat this as I would any other trade. I do not risk a lot on any one trade, even this trade. This has become a very solid trade...

If you want to put it that way, I guess so. I pay a 100 bucks a year for someone to put a lot of data together in one brief letter pre and post market. I am not following signals from anybody.

I have been using for about 4 years. I don't know how he does so much work for so little money. The cool thing is a lot of his subscribers are full time traders, like myself and money managers.

I subscribe to the Kirk report. Kirk is an independant trader and does a really good pre and post market report as well as a very good weekend video that outlines the week that just ended and what to expect in the up coming week. He only charges about 100 bucks a YEAR for his report.

The IV percentile that you are asking about is actually based on the high and low IV of that particular underlying over a period of one year.

There is another factor to the OP's question. Were you successful trading long calls and puts. If not then you will not be successful trading vertical spreads either. In fact you will most likely lose more than if you keep trying to trade long options. If this is the case I would say to move to...

Imagine that, it was California that did not have enough time to get their unemployment data in before the report came out. The state with ungodly unemployment and a different city filing bankruptcy almost weekly. But I am sure there is no reason to think there was a cover-up.

I got out of my bear put spread this morning. Will look to re enter short if we get a good bounce.

Hey Vol I have been watching the same pattern. The good thing about it is that a failed head and shoulders is usually very bullish as well. Either way let it come to you and then jump all over it. I am short with a half position right now and will double up if it breaks through the neckline...

Pondering Man, I am getting ready to go through a very similar experience except that I am a few years older and will have enough to retire on. Getting my company ready to sell has taken a couple of years and I have learned a lot and met a lot of smart people. Are you selling your company...

If they were smart they got out of the market last week. I don't do Iron Condors but I did have one iron butterfly on IBM that I took a 3% loss on and double calendar positions on SPX and MCD that I exited last week. I had a bearish directional bias already in place on them but was nervous with...

Right now I think they only lease it to his past and present mentoring students.

No problem, glad to help. I also know a couple of guys that tend to move around quite a bit. They have lived in Belize, Costa Rica, Panama and now they are in Uruguay. They are currently buying a home there and said in terms of living, healthcare, crime and stability it is the best place...

The islands of Belize are great. When I am away I really miss being there. While I am there I miss family but not much else. The only direct flights are to Belize City Airport from Houston Continental or D/FW. When you arrive you will want to take the island flight to Amberis Caye. Don't...

I love being in and trading from Belize. The big cats you asked about are on the mainland. I don't go there often. I am on the islands (Ambergris Caye). You don't want to be in Belize City. It is mainly ghetto. I still trade when I am out there but I would not day trade because internet and...

I hope you stayed the course with HMC.

I would like to know that as well. I swing trade mostly and I also do some longer term trend following. I do not use hard stops at all. I know when I have had too much pain in a failed trade and I exit with a market order. Most of the time when I exit a losing position the market will turn as...

If you are looking for a swing trade then Honda is very overextended right now. I would stay long on it. BBY, not so much. The important thing is to know why you entered in the first place and honor your stops.

Sam, This WNR short actually came up on one of my trading models today as well. I did not check it until now so I was too late to take it. I hope you did short it.

Very high RSI on the monthly, weekly and daily. Probably a good short for you. The only thing to watch is that it has recently pulled above the 200 day ma which signals a long term trend upwards. Should still be safe for short term swing though.