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

[R. Raskolnikov]

+1

Quote from ProfLogic:

I had to step in on this post.

MandelbrotSet, you always have a problem with people having conversations in this forum. You are constantly doing the same thing as Mike but do it a must more rude and ignorant manner. You are a hypocrite and the best person in this forum to answer your own statement, "jealousy must suck! You are the king of multi-alias cyberstalkers and are constantly misdirecting the focus away from you by accusing other people of the EXACT SAME offenses you are flagrantly guilty of. You are mentally ill and need to utilize some of the free services available to you there in New York City.

Good luck in Caruso's new musical. You need the work.

 

[wee man]

Quote from Zentrickster:

The lost keep coming back. No wonder there is so much money in education. Really sad.

You were born smart?

 

[Buy1Sell2]

I think it is very obvious that OP is just playing games here. All answers are very general with little or no substance. It's time to see some real time trades with real time hard stops for a period a two years or more. At that point, we can let the OP know if we have interest in the advice being offered. Right now, I do not have interest. Thank you for your time--Ishmael

 

[Thunderdog]

Quote from DisciplinedHedg:

It will sound simple, such that you will think that I am insulting you but I am not.

I sell puts or buy futures when I think the market is going up, and I sell calls or sell futures when I think the market is going down.

So, I guess it's in knowing when the market may or may not turn. I don't have a strategy for the "knowing" of that.

I will hedge when I think there is a large chance the market will move against me.

This post of yours, fairly early in the thread, is pretty much the sum and substance of it. Some of your subsequent posts are longer, but they don't really go into much more detail. And that's all well and good. But if this is essentially all that you are going to offer, then what, exactly, is the purpose of this Q&A thread? Moreover, what do you surmise the reader will take away from it that will benefit his or her trading in any way?

 

[DisciplinedHedg]

Quote from sekyst1974:

Hypothetically speaking, lets say you have a son and he is going to retail trade. You are tasked with mentoring him. How would you proceed?

I would probably have him shadow my trading and I would try to verbalize what is going on through my head a little.

I think what is important is that we would both need to be (potentially) a similar type of trader, otherwise he wouldn't benefit much from me and it would be difficult for me to teach him as well.

I think this thread is a good example of that. Some people ask very specific questions. Some of which I can't answer because I am not that type of trader or don't think in those terms, so I can't answer their question sufficiently to be helpful to them. Some ask questions to which I can elaborate more because it is within the realm of what goes on in my head when I'm trading and hopefully it will make some sense to them.

 

[Redneck]

Sir

Not to put words in your mouth but please tell me how far off I am


1.) Pick a time frame to trade (should match your temperament)
2.) Figure who is most likely in control (the odds favor of being in control) – (Buyers / Sellers) within above timeframe
3.) Figure out a point where you would be wrong (after determining #2)
4.) Trade accordingly
5.) Exit as appropriate

How we go about determining 1-3 is up to each person, and should match their personality / temperament / risk tolerance/ bank roll



Thanks

RN

 

[Lucrum]

After skimming over some of the responses here it's easy to see why almost no one offers anything of substance any more.

Kudos to the thread starter for trying though.

 

[monti1a]

Quote from sekyst1974:

If the original poster placed up his actual tax returns, then you would dismiss them as fake unless the returns demonstrated a loss then you would consider them legitimate.

Lets say the original poster invited you to his office where you could freely see any paperwork and even watch him trade, you would probably still find reasons to question everything and bring up analogies of Madoff.

I would just relax and watch. There is nothing being said in this thread that is patently off and the poster receives no compensation for doing this. Dont come down on him because he is trying to be a resource.

+1

 

[Johno]

Quote from DisciplinedHedg:

I've already answered the question.

I usually hedge the options position with the underlying when they go ITM.

After careful consideration of your posts regarding Options tactics, and at various times in the distant past having employed similar approaches, I can only conclude that the vast majority if not all the people who attempt to emulate the strategies outlined will wind up at some point with their accounts decimated! Any successful strategy will have capital preservation as an intrinsic component. It won't rely simply on a speculators "feeling" and extrordinary insight, which would beg the question " If you are that good at reading the market why would you even waste you time writing Options" considering all the negative issues. Anybody with Options experience should know the issues that I'm taking about. On another note, the discussion has been interesting and for that I thank you.

Regards

Johno

 

[Kassz007]

Quote from sekyst1974:

If the original poster placed up his actual tax returns, then you would dismiss them as fake unless the returns demonstrated a loss then you would consider them legitimate.

Lets say the original poster invited you to his office where you could freely see any paperwork and even watch him trade, you would probably still find reasons to question everything and bring up analogies of Madoff.

I would just relax and watch. There is nothing being said in this thread that is patently off and the poster receives no compensation for doing this. Dont come down on him because he is trying to be a resource.

+1