Best option position for downside bias

[oldtime]

Quote from cdcaveman:

Volumes and vol will go down with everyone paralized in focus on this storm

so what's your low volume low vol strategy?

 

[cdcaveman]

Quote from oldtime:

so what's your low volume low vol strategy? [/QUOT

Short premium through butterflys on nov opex or even weekly..... market will drift up so being long deltas in a fly might be better. thats my take for whatever its worth

 

[oldtime]

Quote from cdcaveman:

Quote from oldtime:

so what's your low volume low vol strategy? [/QUOT

Short premium through butterflys on nov opex or even weekly..... market will drift up so being long deltas in a fly might be better. thats my take for whatever its worth

well now you are over my head. That's why I don't hang out on the options forum. Everybody over here is smarter than I am.

Just wanted to make sure you weren't bemoaning the fact that tomorrow may not be a good day for trading.

One time I was just having a horrible year, and I made it all on a very thin day the day after thanksgiving in the bean market.

The funny thing was, I was shopping with my wife at the mall, and just called the broker to check.

When he told me the price I said, "How high? SELL."

After that, the whole Christmas shopping trip in the mall went a lot better.

 

[cdcaveman]

Quote from oldtime:

well now you are over my head. That's why I don't hang out on the options forum. Everybody over here is smarter than I am.

Just wanted to make sure you weren't bemoaning the fact that tomorrow may not be a good day for trading.

One time I was just having a horrible year, and I made it all on a very thin day the day after thanksgiving in the bean market.

The funny thing was, I was shopping with my wife at the mall, and just called the broker to check.

When he told me the price I said, "How high? SELL."

After that, the whole Christmas shopping trip in the mall went a lot better.

I think im kinda dumb but i still trade options.......... ive never been good at trading direction.... I need to work on that... One thing i notice on et is everyone loves to call tops and bottoms... I hear thats where everyone is usually wrong.

 

[oldtime]

Quote from cdcaveman:

I think im kinda dumb but i still trade options.......... ive never been good at trading direction.... I need to work on that... One thing i notice on et is everyone loves to call tops and bottoms... I hear thats where everyone is usually wrong.

yeah, I've never been goood at that, or even predicting direction up or down. I like trading. Let the predictors sit on the the sidelines and guess what they think it is going to do.

 

[cdcaveman]

Quote from oldtime:

yeah, I've never been goood at that, or even predicting direction up or down. I like trading. Let the pedictors sit on the the sidelines and guess what they think it is going to do.

Fade any direction call by cnbc haha.. if you dont predict reversals or trends how do you trade? darts?

 

[oldtime]

Quote from cdcaveman:

Fade any direction call by cnbc haha.. if you dont predict reversals or trends how do you trade? darts?

I'm not dogmatic about these things. I very often go with the consensus.

But you know, at some point you have to think, "They can't all be right all of the time"

That's when I fade

but it really doesn't matter if you are trading stocks, options futures or forex, we all have our little world and signals that we follow

the number one reason for failure is undercapitalization, and the number two reason isn't even worth talking about

If someone is under capitalized, they just haven't thought things through and don't have the common sense they were born with

with options and forex, there is just no reason to be undercapitialized

so there's really no excuse for failure

 

[cdcaveman]

Quote from oldtime:

I'm not dogmatic about these things. I very often go with the consensus.

But you know, at some point you have to think, "They can't all be right all of the time"

That's when I fade

but it really doesn't matter if you are trading stocks, options futures or forex, we all have our little world and signals that we follow

the number one reason for failure is undercapitalization, and the number two reason isn't even worth talking about

If someone is under capitalized, they just haven't thought things through and don't have the common sense they were born with

with options and forex, there is just no reason to be undercapitialized

so there's really no excuse for failure

Forex frustrates me.. I just wanna give up and martingale when i trade forex.... Keep averaging down untill illiquid hah... i thought the solution to price going against you is to buy more....and or widen stops... hahah just measure range multiple by four and use that as a measurement to gauge your liquidit for martingaling... I should try that haha

 

[oldtime]

I like you cd caveman

you never pretend to be something you are not

you're not afraid of hard physical work

and you have a very sharp mind

perfect candidate for substance abuse

I hope the trading works out for you

You're one of the few that I think really has what it takes

(which aint saying much, just another one who couldn't make it in the real world)

 

[cdcaveman]

Quote from oldtime:

I like you cd caveman

you never pretend to be something you are not

you're not afraid of hard physical work

and you have a very sharp mind

perfect candidate for substance abuse

I hope the trading works out for you

You're one of the few that I think really has what it takes

(which aint saying much, just another one who couldn't make it in the real world)

Hahahaha.... your hilarious... so true...... I say I can't wake up in the mornings but who wants to be able to really... you know felons who can't get jobs usually start businesses Onassis is an interesting character... evedently he always slept in till 12...