Only difference is I don't have a website i'm pimping.
And I'm not a hairy monkey. And you don't know who I am.
The S&P is looking very toppy
- Thread starter James Stock
- Start date
Only difference is I don't have a website i'm pimping.
And I'm not a hairy monkey. And you don't know who I am.
Yep, and when you start losing money you'll just lie and say you covered. Funny how EVERYONE on ET makes money in the market.
Last and only time I covered calls on ET, I did it in real time, bought @ $5 and the price stayed @ $5 for the next 2 days. I don't lie about trading.
BTW, if anyone thinks I am lying about anything trading related, my $50K bet using Don Bright as an intermediary is ALWAYS on the table. I say I have an audit that says i've made money every year. If you don't believe it, lets bet and let Don hold our betting $, and then i'll show it to him.
Okay. Stop with the name calling. Talk about the trading only. This goes for calling people idiots, arse whatevers, or phucking whatevers.
I'm going to be deleting these types of things, so don't bother with them.
I'm going to be deleting these types of things, so don't bother with them.
Oh, now he says he's short the CBOE SPX calls???
:eek:
Yep, Cash Options vs Futures Options can add a lot of confussion!
Funny how when I asked James Stock on five occasions last week, what day did he sell the Feb. 1200 Calls on the S&P Futures, he NEVER ONCE CORRECTED ME AND INDICATED THAT HE WAS SHORT THE CALLS ON THE SPX, AND NOT THE S&P FUTURES!!!
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Quote from Waggie945
Yes, there are 5 trading days to a week, but that still doesn't answer my question . . .
Just because there are 5 days in a week doesn't necessarily mean that the Feb. 1200 Calls on the S&P Futures traded at the price that you sold them on every one of those days.
It's really is a pretty simple question:
What day did you sell your 200 lot of Feb. 1200 Calls?
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Quote from James Stock
What are you trying to say?
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Quote from Waggie945
Yes, there are 5 trading days to a week, but that still doesn't answer my question . . .
Just because there are 5 days in a week doesn't necessarily mean that the Feb. 1200 Calls on the S&P Futures traded at the price that you sold them on every one of those days.
It's really is a pretty simple question:
What day did you sell your 200 lot of Feb. 1200 Calls?
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Quote from James Stock
What are you trying to say?
That James Stock does a lot of imaginary trading.
And because of that, he lives in a perfect little bubble where it does not hurt him to have NO IDEA what he is doing.
So many members of ET have pointed out to this guy that selling "naked" calls is not a limited risk way to play a top.
But for James, there is finite risk in selling "naked" calls because EVERY trade is an imaginary trade, with no risk at all!
And because of that, he lives in a perfect little bubble where it does not hurt him to have NO IDEA what he is doing.
So many members of ET have pointed out to this guy that selling "naked" calls is not a limited risk way to play a top.
But for James, there is finite risk in selling "naked" calls because EVERY trade is an imaginary trade, with no risk at all!
OK, I'm willing to give you the benefit of the doubt. But answer a few serious questions. You claim to have, I think, a nine year track record of successful trading. So...
1) Why would you trade against a strong upward trend at this time? There have been no significant selling days in the past few weeks. It goes against basic trading principle to try to call a top before it happens.
2) You claimed you've been shorting since last year (I think you said that in a previous post). Again, why would you go short when the easy money is on the long side?
3) The only possible reason I could see for going short at this point is if you feel a true reversal is coming and you're testing the market with small positions. So are you taking full positions or doing probes to gauge market strength?
4) Tops are usually proceeded by rollovers in leading stocks. Which leaders do you see failing to make new highs, sell off, etc.?
That's all for now.
Can I just say "arse-pucker" once? Please? OK, I'm kidding. Don't scold me.