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I know I'll never find the "holy grail" in trading but I can stick to strategies that are more likely to turn a profit rather than those that aren't. I know you were just joking by the way...are were you? :confused:

That quote right there, is more than enough for me to look the other way and leave the flies on the side. I'm not interested in losing any money :-) Thanks for the feedback.

Does anyone trade this strategy? It seems like it gives a pretty good credit as opposed to the Iron Condor. I'm just curious about the experiences some of you have had if you traded these. The trade is: Long OTM Call Short ATM CALL Short ATM Put Long OTM Put

That is exactly what happened to me a couple of times. Right now I'm strictly trading vertical spreads so I only have one side to worry about. Commissions are a lot less obviously. After I rebuild some capital, I may trade IC's again but that's at least six to eight months out.

This will NOT be a grand revelation to any of you but it was to me. :D For a couple of years, I've been trading and have done pretty good. But there are times when a trade will move against me, closer to my short strikes and I"ll just sit there hoping it will come back down. And I guess you...

I've been running a few calendars in virtual trading and seem to be getting the hang of it a little bit. The problem is I'll pick a PUT spread and then the stock rises so my long puts lose value and I'm like "oops! don't want to do that". Then I'll choose a call spread and the opposite...

Eliot, how have you been making out with the calendars besides the recent price drop in oil?

I see. Thanks for your help. My next question is how likely is it that I would be assigned early on something like that? The reason I'm asking is because I've never sold an option that was already in the money. I have sold OTM options that end up in the money though. Would I be assigned if...

So in a scenario like I have, if I am assigned would that be a bad thing since I have a long option at the same strike? would I be losing money?

The term "synthetic equivalent" is not registering with me. What exactly does that mean? I see that term used quite often.

I am wanting some feedback on a calendar spread. Let's say that the underlying is at $50. If I bought a calendar spread like this: Short OCT $47.50Call Long NOV $47.50Call Net Debit of: .30 Does anyone see anything wrong with that? I mean the stock has been holding steady between...

I trade a lot of vertical credit spreads. I have not used stop loss orders but want to start. Do you guys base your stop loss on the underlying moving or the price of the spread? For example, if I get .50 for the spread, would I set a stop loss order to exit the trade if the price of the...

I sell a lot of iron condors and have been very profitable with it. I've stayed mainly with SPYders lately though as I find that a lot safer than dealing with individual stocks. I've been burned a few times with Google and others like it. I guess you live and learn...mistakes hopefully not to...

or would you suggest on stocks that do not move too much? therefore IV wouldn't change, correct?

I am using ThinkorSwim as a broker. I will definitely look into the MNX. do you trade that alot?

I understand your points. I don't know how I overlooked this strategy for over two years. It seems a lot easier to make money on this rather than directional trades.

Has anyone traded calendar spreads on the QQQQ's? I'm new to the Calendars but have been trading for a couple of years. It seems to me that the calendar spreads have much potential of reward. I'm not looking at the quotes right now but last night I was looking at this calendar on the q's...

i wonder how many on here have achieved six+ figures by trading.

The fact of the matter is that there is an element of truth to what you just said. I started with no mentor or tutor and have given back a total of $15K in losses. Thankfully, I have that under control now. I guess I was trigger happy and thought that I could be the first one to accomplish...

well, actually I was referring more to someone on this board that would be willing to share some time and insight. I do find a wealth of info on this board.