thinkorswim/redoption/autotrade

Quote from curious2:

I get to ride without taking the big crash, and maybe make a few bucks while I learn.

What makes you so sure they wont crash your bike? Are they trading arbs? :)

Pick up a few books and learn, then try out your own trades. Of course you can get ideas from them but i wouldnt follow an alert service blindly.
 
Quote from leonnis:

The calendars that i've used since i've been using it were eight winners and four losers.
The credit spreads were also about 2:1 positive.
Commissions take about half the winnings, but i've learned to accept that if the net value of my account keeps going up!
The key to what you've stated is your account keeps going up! How many people have you read about here that are new can say that?
I don't think this is something that you can read a few books and poof you're an expert.
I think this will take several years if not decades to master. I would like to be in your shoes in the mean time and have my account grow. I might not be the guy who turned $3K into 500K, but I won't be the guy who turned 50K into 5k either. My goal is simple. I want to be the guy in the corona commercials, not the cardboard box. The way I understand it is by using the autotrade option is you are participating with others and your orders are pooled with others so you get better pricing and faster execution. so your profits are larger? And if your getting more winners than losers, why your concerns? It's to their advantage to keep you in the game. Again thanks for taking your time to post a response.:)
 
Red Option auto trade strategies most likely to have better execution price. You still have the option to exit yourself, just have to let them know if you do.
 
Quote from curious2:

The key to what you've stated is your account keeps going up! How many people have you read about here that are new can say that?
I don't think this is something that you can read a few books and poof you're an expert.
I think this will take several years if not decades to master. I would like to be in your shoes in the mean time and have my account grow. I might not be the guy who turned $3K into 500K, but I won't be the guy who turned 50K into 5k either. My goal is simple. I want to be the guy in the corona commercials, not the cardboard box. The way I understand it is by using the autotrade option is you are participating with others and your orders are pooled with others so you get better pricing and faster execution. so your profits are larger? And if your getting more winners than losers, why your concerns? It's to their advantage to keep you in the game. Again thanks for taking your time to post a response.:)
Well, talk to Scott Snyder tell him what you've got and what you want to do with it. Enjoy. Let us know how you're doing.
 
Quote from optioncoach:

How will you learn if RedOption is doing all the work?

Better off taking the classes Thinkorswim offers and learn how to fish :)

Any class you would specifically recommend?:confused:
 
Quote from curious2:

Any class you would specifically recommend?:confused:

If I may answer that...every class is good. Depending on your knowledge level the 1st options 101 can probably be skipped. "Beyond the basics"...excellent (and free) "position and portfolio management"...excellent and free. The daddy of them all the 3 day seminar in Chicago...beyond excellent and $199. Learn and trade is also $199 and good, I would recommend taking at least one. I haven't done the virtual trade at $99 but have heard they are also good. There are many free webnairs that are also worth your time from other sources. Someone just posted one from ISE that looks very interesting.

Personally I would skip any and all auto trading...cost/reward just isn't good enough in my book.
 
Quote from optioncoach:

when my thread is doing the same thing for free.

Not quite free. One has to pay in one of two ways:

1) With sanity OR
2) By agreeing to undergo an operation to prevent the formation of new memories a la Memento.

:D
 
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