Trader P/L 2005
- Thread starter Diamondtrim
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if you can handle the duality of this conversation and the direction of its intent, then consider...
trading the option hedge, or protective puts as a profit center in of it ownself instead of just as an expense against catastrophic circumstances...
that requires that you invert your mindset each time you approach discussions on your option position instead of just as a protective hedge. spread trade (uneven basis) the options and this will limit your net negative outflow as well as cushion you from the obvious decline in value as your long QQ's rise in value...
makes sense?
http://profiles.yahoo.com/mk_sum_mny
as I posted before right under yahoo profiles, under nickname it says wallstreetplaya, so congratulations on being able to read "trada hata"
as I posted before right under yahoo profiles, under nickname it says wallstreetplaya, so congratulations on being able to read "trada hata"
that's BS, u posted at 12:41 in the room that u didn't have a clue why AVR was getting volume - and now u are telling us that you traded AVR in the morning 9:36 ??
U got caught because as I said there were only 20k shares traded through arca in the afternoon - those 400k shares are nowhere to be found.
The only time ARCA had volume was in the morning - So now u are going back with the morning trades to justify your BS - got some other people trades and try to claim them as yours ????
those trades u just posted are worthless.
sorry man but U are a joke
U got caught because as I said there were only 20k shares traded through arca in the afternoon - those 400k shares are nowhere to be found.
The only time ARCA had volume was in the morning - So now u are going back with the morning trades to justify your BS - got some other people trades and try to claim them as yours ????
those trades u just posted are worthless.
sorry man but U are a joke
yeah I just have a computer full of trades that I can access at anytime or better yet a network of traders that I can call and get there trade sheets anytime I want. Can you read the time and sales? Are you clueless? Did you read what I wrote about trading in the morning for 15 minutes? Are you in self-denial? did you not write that you would shut up if I posted the trades? I did post the trades and now you want to argue about whether I was here or not doing the trades. Do you have a P.I. watching me as well? If you took some time away from me and put that towards your trading you would see that a little more effort would produce positive results and before you respond, which I know you will, you are entitled to your opinions about me, believe me, I won't lose sleep over it. 
if i'm following you correctly, you're saying that rather than use the Q puts solely to hedge the long underlying, i might be better served by trading them more aggressively around the long to scalp profitable put trades before the inevitable theta erosion?
i've considered that, but, and this is gonna sound like a dumb reason.. we don't have an option trading interface on our platform. it's the one thing i hate about Lightspeed. the process of calling my office manager so he can call in my option trades to the NY desk is cumbersome, and lacks the time efficiency necessary to pull it off correctly. also, the one time i do drop the ball, and am left under-hedged is when i'm gonna get my tail handed to me. it happened in May. i was long 300 GS at $107, traded some options around the position, made a few hundred bucks, and left the shares naked. it fell to 96 in 4 days, leaving me down an unrealized (thank God) 3 grand simply 'cuz i didn't keep 3 $200 puts in my account.
i totally understand where you're coming from, tho. at 10:30, i was down $1,100, but my puts were up $620. now i'm down $470, and my puts are only up $210. on another fully integrated platform, i woulda banked at least a couple hundred of that put profit swing, then re-bought them as the longs recovered or at the close for the overnight hedge.
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