SPX Credit Spread Trader

El OchoCinco · Mar 17, 2006

You don't like JUMP! LOL....

Quote from ryank:

You need to start playing Van Halen's Panama as the intro to your radio show lol.

ryan

CashCache · Mar 17, 2006

We spend the summers in Poland each year. It is much more affordable, but it has its tradeoffs. Food seems to be much more expensive, but living expenses are much less.

I love Poland, and if someone told me I had to pack up the family and move, it wouldnât break my hart one bit.

Quote from ChrisM:

Cash,

that actually was my problem when I lived in the US, but here it is relatively simple as most expenses are low.

Another favorable factor is that my strategy is very consistent, so I keep high rate of profitable months (almost month-to-month is profitable), which makes everything whole a lot easier.

However I stick to the plan regardless - steady contributions to own trading account, which is traded more aggressively and brings good returns.

I know that the worse to handle are drawdown periods, but here this is not the issue.

Answering your question - I would say that you need to manage the budget the same way as you manage trading system. Once you know how to manage DD, the rest is easy.

andysmith · Mar 17, 2006

That's a really nice skyline!

Costa Rica is nice too.

By the way, is anyone suspicious of this SPX breakout?

Quote from optioncoach:

Panama is my future tax and cost haven! . Wife is from there and living is cheap and so are the wome.... I mean restaurants and living expenses.

CashCache · Mar 17, 2006

Ahh, good 'ol 1986 - nothing better!

Quote from optioncoach:

You don't like JUMP! LOL....

CashCache · Mar 17, 2006

The more I think about it, I thinki it was 1984

Where DOES the time go?

Quote from CashCache:

Ahh, good 'ol 1986 - nothing better!

El OchoCinco · Mar 17, 2006

Not yet, after 3 large up days, a sideways day like today going into the weekend seems normal. Also normal would be some sort of pull back to the support line which marked the breakout.

Over the course of next week, if we pullback but stay over 1300 and even 1295/97 then resumption of the uptrend is likely.

Quote from andysmith:

By the way, is anyone suspicious of this SPX breakout?

Cache Landing · Mar 17, 2006

Quote from optioncoach:

Not yet, after 3 large up days, a sideways day like today going into the weekend seems normal. Also normal would be some sort of pull back to the support line which marked the breakout.

Over the course of next week, if we pullback but stay over 1300 and even 1295/97 then resumption of the uptrend is likely.

I'm with coach. If we stay over 1295 on the pullback, I don't want to get run over by the bull stampede. It seems to me that everyone has really high hopes about keeping this growth going and yesterday's CPI showed the first signs of slowing inflation. That's why I'm starting to get a little nervous about my bear calls.

ChrisM · Mar 17, 2006

Quote from CashCache:

We spend the summers in Poland each year. It is much more affordable, but it has its tradeoffs. Food seems to be much more expensive, but living expenses are much less.

I love Poland, and if someone told me I had to pack up the family and move, it wouldnât break my hart one bit.

Well... it is not bad, but as I`ve been back here for 3 years now I feel that it`s time to go now.

Besides expenses I have made few nice contacts within young investment industry here, so I publish option and trading articles here, take part in meetings and seminars etc..

Internet is pretty good, about $30/mo, cellular communication is very good and very popular.

On downside there are many things, so it is all relative. I don`t fit in here any more ... I understand the language but not necessarily the people here

Cache Landing · Mar 17, 2006

Quote from ChrisM:

On downside there are many things, so it is all relative. I don`t fit in here any more ... I understand the language but not necessarily the people here

I lived in Korea for about 2 1/2 years. I speak the language very fluently but I will never be able to fit in over there. They just don't think the same way I do.

ChrisM · Mar 17, 2006

Quote from optioncoach:

Not yet, after 3 large up days, a sideways day like today going into the weekend seems normal. Also normal would be some sort of pull back to the support line which marked the breakout.

Over the course of next week, if we pullback but stay over 1300 and even 1295/97 then resumption of the uptrend is likely.

I estimate strenght of the trend watching corrections, so I am on your side. Cheap calls tell me that market has some more margin for little more surprise.