SPX Credit Spread Trader

Quote from dagnyt:

Both verticals and diagonals do poorly when the maket moves strongly against the position.

But, to me, the major advantage with diagonals is: if that adverse move occurs near expiration, instead of being essentially naked short the ATM (as with vertical), you have a chance for a very large payday.

Mark
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I didn't mean diagonal was bad. It is good as part of your strategy. I think capital allocation is the key to success.
 
Quote from Cache Landing:

Uh oh... someone besides me agrees with RM.:p
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I don't agree with him every time, but sometimes I do agree. :D
If I find out I am wrong in a particular issue, I'll admit. I think before I agree. Sometimes I think too much and too long. :mad:
Hey. What do you expect from a newbie!
 
Quote from ryank:

Wow, 70% of my profit wiped out in an hour. See what I get for going out for a long lunch.
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When that happened to me, I learned to enter a stop order whenever I take on a position. And I try move it up ("tighten the noose") to protect profits when it reaches 20% of my target.
 
Quote from cdowis:

When that happened to me, I learned to enter a stop order whenever I take on a position. And I try move it up ("tighten the noose") to protect profits when it reaches 20% of my target.
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AKA conditional trailstop
 
we're all frantically at work trying to figure out how you collect premium using backspreads ;-).

Quote from Maverick74:

This thread is a ghost town.....anyone out there.....crickets chirping....
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Quote from Prevail:

we're all frantically at work trying to figure out how you collect premium using backspreads ;-).
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happy027.gif


TS
 
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