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The Daytrading was the "Account Killer", not the credit spreads. It is amazing how GREED will make you overtrade, when all you have to do it sit back and let the market work for you. I'ts boring, but it works... For now slow is better. If it does not look like a trade will work on the Last Day...

I would like to give some input on this. First of all I have been away for a while re-couping after a big lose last year. (Greed got the best of me and I over traded). But that being said I have been trading the NDX options with a Credit spread the last 2 months. What I look for is on the the...

I looked into this couple weeks ago. Ran their "Mock Trader" for a while, and was successful with it. Opened up a small account to trade the REAL thing. So far I have made 6 trades with them, all winners. You just have to plan out your entry points. I have been trading the GBP/USD and...

Sounds like a good time to buy some puts after the run- up in the morning.

New Spread play today.... PEIX (Ethanol Play) With the President speech tonight, and mentioning of alternative fuels, I am going to play this spread looking for a continuation in the stock price advancing. Today PEIX was also Upgraded to "outperform". BTO 50 FEB 17.5 puts @ .95 (debit...

Option 1...NO WAY!!!!! Couple years ago I was trading AOL options and making an easy $1000+ everyday. I had a good system... but deviated off of it when I thought "this is too easy"and got hit hard on one trade. Next day I tried to make up my losses. Down again.. Next day tried it again. I...

Kiss Your money "Goodbye".. I tried my hand in FOREX a couple years ago. Looks easy, but it can turn on a dime. You can be sitting on a big gain, then in a couple minutes be on a large loss. Do you homework first...trade in the demo first to see if you can keep emotion out of the trade. Set...

I do not want to do this all the time...the money is great, but I really do not like "Owning" options. Rather selling them for the credit instead. All I did is the just look at the 1 min chart for the day, then look at the High/Low spread of the options that is nearest ATM. It is just a "Hit...

Have not updated this since Thursday, but here it is... Friday followed the same pattern. BTO 5 Jan 1850 puts @ 15.80 (Debit $7,914.99 debit). STC 5 Jan 1850 puts @ 17.20 (Credit $8,585.01) Profit $670.02 (8.4 % ROI) This morning...same thing...same time frames. BTO 3 Jan 1850 calls...

I have deviated from the original intent of the Journal (Spreads) for this week. Since the spread that I put on for the month..AGIX...pretty much cashed out 2 weeks early, I am utilizing the NDX options for some quick hit and run plays. Look at the NDX 1 min chart. over several days there are...

Love this market...NDX. Well, I waited for the right pattern to repeat again today. Nice Gap up on the open signaled that a nice run was in the making. This time I waited to see how much above the old all time high it would go. When the CCI was starting to look tired after the high was made I...

I think they do not allow Credit Spreads either. I was going to sign up with them, but did not because of that.

About LFC.. I am waiting for it to get around $40 then load up with some LEAPS. This stock will go back up and a lot. Here is some data that I found on Stockconsultant.com's site. LFC CURRENT PRICE 46.5, just below support, 48.65 ± 1.17, type single, strength 8 RESISTANCE ABOVE...

I played that this morning. Waited for the morning run up (10 am central) then bought the Jan 1800 put (X4). Sold it back in the dip about 20 min later. Cool $1050 profit for the day. Was really tracking the 1800 call at first, but switched to the put. It has pulled back quite a bit after...

Took advantage of the Rolling pattern in the NDX for the past couple days... I flipped a couple NDX puts this morning for a quick profit of about $1000. Here's the scoop... BTO 4 Jan NDYMP 1800 puts @ 1510. Turned around about 20 mins later and... STC 4 NDYMP 1800 puts @ 1780. That is...

UPDATE...... AGIX said that the results of the study will probably be late 1st. QTR...so the Jan. options tanked this morning. I closed out the short side of the trade and pocketed the profits. BTC 25 Jan 7.5 Puts@ .05 (debit $287 with comm.) I am going to leave the 5 puts up to see if...

LFC's spin off IPO happens tomorrow on the Shanghai markets. I look for a carry over of this to push LFC up quite a bit on tuesday. Time to buy some Jul 07 ITM/ATM calls.

Opened up Bull-Put Credit spread today on AGIX. This stock was once a high flyer, and has recently been beaten down below $10. They have a pending Drug approval coming up soon. Most of the "talking" is that it will not be until sometime in Mar. Either way it has taken off the last two days...

Are you entering the order as a spread? I have always had better luck with the fills when I do it as seperate orders. Buy the long position first and wait for some movement. I like to see the long side in the green first before I go short on the spread. I was watching some of the NDX puts...

They must be some kind of adjusted, or non standard option. More than likely they are some GOOGLE exec's granted options. I can not even find this listed on my brokerage sites option chains, but Yahoo has it listed.