Gotta love ZERO RISK in the SP500 = $$$

der_kommissar · Sep 9, 2015

i960 said:
If entries were so easy and exits so hard you'd just make a shit ton of trades and lock in profits with a stop. Repeat over and over again and build up capital.

Truth is it ain't that easy. Both entires AND exits are difficult - plus you've got direction as well.

Very true and what I was getting at...It's this combination that lures so many frustrated "directional" traders into the rube's game of selling far OTM options spreads...and even then they are trading direction, albeit without alot of consideration..

romik · Sep 9, 2015

My exit rule is to get x3 of risk or get stopped out, trail after x3. On macro trades, like current short, reward will be around 1.5 the risk, more depending how trailing goes.

i960 · Sep 9, 2015

If I'm making a macro based swing trade I'm definitely not looking for 1.5x, more like 10x.

Nine_Ender · Sep 9, 2015

jimmiebarton said:
You're not perfect S2, fortunately successful trading doesn't require it. Nice job

UWTI is down 12% today; it may be his biggest holding. I would be surprised if he hasn't lost money this year overall. It all seems rather random to me, just the idea of holding UWTI and DWTI at the same time seems like lunacy if you have cheap commissions.

romik · Sep 9, 2015

der_kommissar said:
That does sum up the global markets pretty well..."All or Nothing"

That sums up the world we live in, specifically progress of the 20th century, as it will either lead to invention of warp drive (likely?) or us destroying our planet.

romik · Sep 9, 2015

XLY is toast until further notice

recession2016 · Sep 9, 2015

romik said:
XLY is toast until further notice

let's make this interesting

if ES doesn't hit 1700 by mid 2016, you have to leave ET forever. Deal?

romik · Sep 9, 2015

recession2016 said:
let's make this interesting

if ES doesn't hit 1700 by mid 2016, you have to leave ET forever. Deal?

I don't do binary bets. Why would you want me gone anyway? If you are Long equities my analysis won't effect market.

jimmiebarton · Sep 9, 2015

romik said:
I don't do binary bets. Why would you want me gone anyway? If you are Long equities my analysis won't effect market.

Each and every trade taken is binary (SL or target), what i think you mean to say is you don't do "all in"??

romik · Sep 9, 2015

jimmiebarton said:
Each and every trade taken is binary (SL or target), what i think you mean to say is you don't do "all in"??

I was referring to their expiration times.