My option trades

[falconview]

http://westernbelizehappenings.blogspot.com/2012/04/bill-gates-and-family-welcome-in-belize.html


Eat your hearts out fellas. Bill Gates and family are here. Photos of yacht ( $250 million )

Meaning option trading is not where it is at. Making software, distributing selling is where it is at.

 

[falconview]

Hoop 21

Thankyou for those words, or sentence of wisdom.

Helps me to stop floundering around and wasting valuable time on things I´m never going to use. I´ve got a clearer idea now, of what I have to learn and more or less how to learn it. Not going to happen in my time frame I wished, but thats okay, so long as I don´t lose much more money beforehand. I´m trying to have fun too, and keep my wife off my neck with losses.
Your feedback is very helpful. As an analogy I can relate to a number of past skills I learned through life.

 

[hoop121]

Quote from falconview:

Hoop 21

Thankyou for those words, or sentence of wisdom.

Helps me to stop floundering around and wasting valuable time on things I´m never going to use. I´ve got a clearer idea now, of what I have to learn and more or less how to learn it. Not going to happen in my time frame I wished, but thats okay, so long as I don´t lose much more money beforehand. I´m trying to have fun too, and keep my wife off my neck with losses.
Your feedback is very helpful. As an analogy I can relate to a number of past skills I learned through life.

no worries. also you should look into developing the skill of trade adjustments. i've studied under several people who have told me that they never use stop limits. most people think that's crazy, but once you build up your trading tool belt with the appropriate strategies then you will start to understand why stop limits are not necessary if every position you put on is hedged.

that's how the big boy's play. they hedge.

so identify the trend, recognize the trading range, put on theta positive positions, and always know how you will adjust in case delta and/or vega start working against you.

and never forget that 90% of options expire worthless.

 

[falconview]

Adjustments are going to have to wait until I practice my neutral delta, neutral vega and positive theta positions.
There, did I say that right in GREEK?

 

[hoop121]

Quote from falconview:

Adjustments are going to have to wait until I practice my neutral delta, neutral vega and positive theta positions.
There, did I say that right in GREEK?

haha, yup. but it will come quickly once you get past the first part of a very steep learning curve. lots of great books out there though. i taught myself a pretty good foundating in about 3 months. of course, i still have a lot to learn. i'm teaching myself programming right now so i can build my own models.

 

[falconview]

Yeah! I took C++ some years ago. But left all my books in Florida before migrating down here permanently. Used to have fun with it. But programming doesn´t let you sleep well at night, so gave it up. The mind keeps churning problems.

 

[hoop121]

Quote from falconview:

Yeah! I took C++ some years ago. But left all my books in Florida before migrating down here permanently. Used to have fun with it. But programming doesn´t let you sleep well at night, so gave it up. The mind keeps churning problems.

so why the move to Belize? the principle investor to my company has a really nice house down there on the beach. not sure exactly where though. keep hoping he will say i can borrow it for the weekend!

 

[falconview]

hoop 21

re- the house on the beach. I´m on the beach in Caye Caulker by the barrier reef.
_________________________________

One of the aggravations on these forums, is there is so much conflicting advice from experts. Unless they publish their eguity growth or loss since Jan. 1st, to see how good their advice is, you never know who is telling you what. I get a lot of advice as a novice, but it is the standard pap coming from book learning.

People keep hitting me with the 2%, or 1% trading size rules. Immediately that identifies them as a novice. Size does matter, but that particular rule is for people trading millions of dollars. It doesn´t fit the small retail trader, who to make anything must take larger risks. Either win, or go broke. Just one example. Rarely do you get a nuance, trick, or some simple learned way of making a trade strategy work. Or anything useful.

There are oodles of strategies out there, but until you figure out the Timing, month, and a host of little nuances and tricks to using a strategy, most people, me included, lose money trying to follow such strategy advice.

Then you got some guy paper trading, or using back testing telling you what to do. Unless that person is willing to post their cash equity balance, or growth, such advice is worthless pretty much. The stuff becomes a distraction, because you don´t know on what basis the person is speaking. Now if he is speaking from a growth of his or her equity balance of say 30% to 100% since January 1st., then I pay attention. Especially back testing and paper trading and historical data type based advice is useless. The only stuff that works is FORWARD TESTING into the future, real time.

Only a couple of guys on here have ever posted their CASH EQUITY running balances on here. Everything else is technical clutter and guys with egos, trying to put themselves at the top of hill, blowing up their self worth. I´m losing and got 2 years at this. You can take that to the bank. Any advice I can give isn´t worth a pot to pee in.

 

[newwurldmn]

Quote from falconview:

hoop 21

re- the house on the beach. I´m on the beach in Caye Caulker by the barrier reef.
_________________________________

One of the aggravations on these forums, is there is so much conflicting advice from experts. Unless they publish their eguity growth or loss since Jan. 1st, to see how good their advice is, you never know who is telling you what. I get a lot of advice as a novice, but it is the standard pap coming from book learning.

People keep hitting me with the 2%, or 1% trading size rules. Immediately that identifies them as a novice. Size does matter, but that particular rule is for people trading millions of dollars. It doesn´t fit the small retail trader, who to make anything must take larger risks. Either win, or go broke. Just one example. Rarely do you get a nuance, trick, or some simple learned way of making a trade strategy work. Or anything useful.

There are oodles of strategies out there, but until you figure out the Timing, month, and a host of little nuances and tricks to using a strategy, most people, me included, lose money trying to follow such strategy advice.

Then you got some guy paper trading, or using back testing telling you what to do. Unless that person is willing to post their cash equity balance, or growth, such advice is worthless pretty much. The stuff becomes a distraction, because you don´t know on what basis the person is speaking. Now if he is speaking from a growth of his or her equity balance of say 30% to 100% since January 1st., then I pay attention. Especially back testing and paper trading and historical data type based advice is useless. The only stuff that works is FORWARD TESTING into the future, real time.

Only a couple of guys on here have ever posted their CASH EQUITY running balances on here. Everything else is technical clutter and guys with egos, trying to put themselves at the top of hill, blowing up their self worth. I´m losing and got 2 years at this. You can take that to the bank. Any advice I can give isn´t worth a pot to pee in.

Wow.

Not only are you lazy, "tell me all your trading secrets" but you are also ungrateful, "I don't want your help unless you post your equity balance"

Good luck with that.

 

[babutime]

Lets get back to trades, shall we?

I'm sticking to my BIDU trade- MAY IV on 155 strike has risen a couple vol points since last Thursday. Still in on the biased 155 calendar with both Calls and Puts.

A bit of a loss this morning with BIDU just going crazy- given since GOOG is puking red here.