Professional Trader - Ask your questions here for the next few days...

[DisciplinedHedg]

Quote from RichardRimes:

Hi DH and thanks for sharing, just for my clarification and education, you said you generally hold your options until expiration but you also said you are often in 100% cash. What is the % number of options you hold until expiration. On average.

You also mention you use cash ES/nq etc to hedge the futures options. To hedge do you beta weight? use deltas? what is the ratio of hedge to option? Say you sell 100 Sept 1000 ES (futures options) calls...market looks like its really going to climb do you just bail or will you buy 10...20...ES"s?

thanks

The 100% cash periods will usually occur right after expiration. Much of the time I will hold options until expiration. But there are occasions when I feel I can reposition at a better price (time decay, spread, and vol decay prevent this from happening too often), so I will close the options position and look to reenter later.

Most of the time I will hedge completely.

 

[limitupmike]

interesting how people fully believe this ..lol.. as a professional trader.. i hopw this guy is licensed in either a series 3 or a 7 because if not he is breaking the law..breakin the law.. lol

 

[hfhe]

Hi DH,

which is more important to you?

1. predicting the market direction;
2. trade operation.

thx.

 

[limitupmike]

LOL.. all it takes on elite trader to be a professional is to post 2 pages of a random account.. ru people serious?

 

[rcj]

DH ...

You posted this on a msg board last year??
This is you, right?

 

[Johno]

Quote from rcj:

DH ...

You posted this on a msg board last year??
This is you, right?

What does this link relate to?

Regards

Johno

 

[Maverickz]

Quote from Johno:

What does this link relate to?

Regards

Johno

PPC = Pay Per Click. Getting paid when people click links on your website to another website selling stuff.

 

[MandelbrotSet]

Quote from limitupmike:

interesting how people fully believe this ..lol.. as a professional trader.. i hopw this guy is licensed in either a series 3 or a 7 because if not he is breaking the law..breakin the law.. lol

Quote from limitupmike:

LOL.. all it takes on elite trader to be a professional is to post 2 pages of a random account.. ru people serious?

Are you jealous?

Do you feel envy?

It seems that you have a problem with people having a conversation on a free trading Chat Board.

If you want attention, it's suggested that you start your own thread, this way you can attract positive responses instead of the negative or dismissve reaction that you are getting.

Yeah, I know ... jealousy must suck! :eek:

 

[puretruth]

Quote from rcj:

DH ...

You posted this on a msg board last year??
This is you, right?

Do you have a link ?

 

[DisciplinedHedg]

Quote from hfhe:

Hi DH,

which is more important to you?

1. predicting the market direction;
2. trade operation.

thx.

I'm not sure what you mean by trade operation, so I can't properly answer the question.

But as far as predicting the market direction, if I could predict it perfectly then it would be of utmost importance.

But many times I get shaken out despite correcting predicting the market direction for the most part. So there are many other things as important to me as predicting market direction.