SPX Credit Spread Trader
- Thread starter El OchoCinco
- Start date
Rally, please DON'T stay quiet next time. I for one, really enjoy reading your posts. They are excellent (so are the charts). For those who don't like what you have to say, there's always the ignore button...
Remember, keep prayer out of public schools, intelligent design is for the birds and the right to free speech is supreme. God Bless America. [Right wing nut jobs can PM me hate mail, I'm OK widdit].
Remember, keep prayer out of public schools, intelligent design is for the birds and the right to free speech is supreme. God Bless America. [Right wing nut jobs can PM me hate mail, I'm OK widdit].
This has been discussed ad nauseum....new to options does not mean NEW to MARKETS or RISK. I think ANYONE who has been trading stocks/options for a period of time and experienced the ups and downs is perfectly capable of doing OTM spreads and controlling their emotions. Veteran traders have (usually) a funny haircut that allows them to be more conservative than a retail trader. I do not find your style of trading very comfortable for me....and that is no offense to you...just that I look at what the spx can/does do and try to stay outside of its range. Whatever position you put on.... the ultimate challenge is HOW you manage that position. This is what as traders we ALL seek to do effectively. To me adjusting a FOTM spread is just easier and less stressful than the closer near to money spread.
I disagree, if a person took a big hit the last few days on their FOTM spreads then that to me is a beginner and as such they best stay away from FOTM. this market selloff wasnt dramatic at all, rewind 2 years and we saw this every few weeks. So, if you had to take a big hit here(big would be >200% on credit) then you either dont know how to hedge or you dont know how to enter. That's not how you handle risk. Better hit the books. I know it sounds bad, but its the truth. Hate me all you want.
You don't see coach taking losses here do you? Something to think about.
OK folks we have 30 days till June. The beginning of the year we were....whoo hoo
...yippie
...up...up...up... thru Mar and even Apr. No surprise that May we finally see some reality and come back down to earth. The fundamentals of the economy are the same...actually pretty good except for the price of oil. Was anyone really surprised that the CPI was higher than expected? Once the smoke clears we should be back into a nice churning mode. Employment is still strong...companies are still profitable so why would there be a big depression or recession? We are adjusting to the higher price of oil by buying fuel efficient cars and driving slower or less often. America has a very good ability to adjust. Unless something very out of the ordinary happens why should we not continue on the same economic path?
...yippie...up...up...up... thru Mar and even Apr. No surprise that May we finally see some reality and come back down to earth. The fundamentals of the economy are the same...actually pretty good except for the price of oil. Was anyone really surprised that the CPI was higher than expected? Once the smoke clears we should be back into a nice churning mode. Employment is still strong...companies are still profitable so why would there be a big depression or recession? We are adjusting to the higher price of oil by buying fuel efficient cars and driving slower or less often. America has a very good ability to adjust. Unless something very out of the ordinary happens why should we not continue on the same economic path?