Then wait. I don't need to wait b/c any trading method that takes such trades is not sound enough to survive. I have respect for everyone trying to make it in this business. My opinions and brash comments are a cause of many years of struggling until i was able to trade with consistent success. It's pretty hard to keep pace and perform at a high level. Multi knows i mean well by now. Being right or wrong is of no interest to me--making money is however. Saving new traders money too. What's multi doing in BBY anyway when there's a 10% run in DEC QG. I'll be here, listening, chiming in, hoping to help.
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Then wait. I don't need to wait b/c any trading method that takes such trades is not sound enough to survive. I have respect for everyone trying to make it in this business. My opinions and brash comments are a cause of many years of struggling until i was able to trade with consistent success. It's pretty hard to keep pace and perform at a high level. Multi knows i mean well by now. Being right or wrong is of no interest to me--making money is however. Saving new traders money too. What's multi doing in BBY anyway when there's a 10% run in DEC QG. I'll be here, listening, chiming in, hoping to help.
It is your right to disagree. Prejudice is not the choice word here. Very opinionated will suffice for this example. Experience only counts for so much. At some point one will realize it is a matter of training oneself continuously with consistentcy. If you want continuous and consistent profits then you must make the neccessary sacrifices to perform as such. My options breadth is limited. My trading experience is extensive. I am learning from those who are inclined to teach me the things i want to learn and know. I will gladly post a few trade setups in my spare time but i am not inclined or equiped to teach anyone on a continual basis.
Is there an area of interest that you would like to examine for possible trade setups or did you mean that my worth here is limited to posting my trades?
As an example, we can look at Multi's latest trade in best buy calls and say that the time was/is right to sell time value decay for at-the-money option series. Unfortunate to Multi's account principal he chose to buy time value with little if any intrinsic value. There are no giveaways or freebie's or let it ride type of trading in my style. There's the difference. My rules are shit if i can't make money and until i do, hypothetically, i have no business writing rules. Perhaps this will shed some light on where i am coming from. Multi has a couple trades that some say took courage to put on. I disagree and say that i would give away all of my courage if it will prevent me from taking such trades. But, that's not to say that Multi is without talent, skill, or longevity. This is still to be determined here.
Two flaws with Muti's trading system and methods.
1 - Why enter long trades with a LIMIT of the BID price? The MM's will not fill the order, even if you enter an order between the BID/ASK. If you are right on the direction of the stock you are SOL. Enter a MARKET order, or LIMIT at the ASK price, and get it over with.
2 - A trading system that signals three buys after a month is useless. Should be 3 a week.
1 - Why enter long trades with a LIMIT of the BID price? The MM's will not fill the order, even if you enter an order between the BID/ASK. If you are right on the direction of the stock you are SOL. Enter a MARKET order, or LIMIT at the ASK price, and get it over with.
2 - A trading system that signals three buys after a month is useless. Should be 3 a week.
curious... do you have anything to offer of value besides a lot of carping and criticisms of others'?
Are you sure it shouldn't be 2 1/2 per week genius? What about 1-7/8 trades average per week. Maybe 4?
It's interesting what you can discern from posts on message boards... ! In your case you "sound" totally inflexible in your views... thus, we can assume you take the same posture with reference to the markets and always are telling the market WHAT it should or should not do? Just like you're telling multi_option.
Am I close!?
Ice
I found it on another board:
"When Jack Schwager asked Market Wizard Ed Seykota what advice he would give the average trader, Seykota's response was instructive. Give the money to a superior trader, Sekota advised, and find something that you are truly good at. When Schwager asked how the average trader could transform himself, Seykota responded that average traders do not transform themselves - only superior traders do that. "
:eek:
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