what to do when you know how to make money...

[chasinfla]

people are definitely making money today.

 

[rtharp]

Originally posted by stock777
I believe 99% of traders make money, and the really good ones claim to lose, so you won't muscle in on the easy game.

lol

 

[big_jdez]

Originally posted by metooxx


The trouble is that when OMC started to move you couldn't have gotten filled to save your life. Options are not stocks ; you will be faded.

We got an OMC trade, a 20 lot, in the middle of that mess;

Instant $600 winner,
faded in a natural market,
called to dispute the fade,
in a called fast market,
didn't continue the dispute,
went to a $1000 loser in as we dialed the phone,
went to a $2000 loser in seconds,
went to a $4000 loser in seconds,
went to a $6000 loser in minutes,
went to a $8000 loser in seconds,
went to a $8800 loser and stalled,
came back to a $4000 loser,
went to take it faded to a $6000 loser in seconds,
came back to a $5000 loser,
went to take it, faded to $8000 loser in seconds,
crawled back to a $2800 loser went to take it,
finally filled,
closed as a $2200 loser on the bell.

All of that on a short 20 Jan 04 65 put; if I remember right.

We traded about twenty different posistions; on both sides, net result, maybe we scratched them against each other.

Those trades you are looking at only work on paper; they do not have to fill you.

Try a better game.

After the bottom was in, I bought a couple of 65 calls @ 1.85, sold @ 2.35, not exactly 300% but my point is that there's a
lot of leverage in the options market if that's what he's looking for.

My fills are electronic fills through IB so that also helps.

 

[darkhorse]

Originally posted by NUTSNEAL
I love your considerably more intelligent and insightful posts more than most, but I must point out, you are using up a lot of your twenty minute allotment on this thread. [/Q


i type extremely fast

 

[rtharp]

"Grass grows, birds fly, and waves pound the sand. I just beat people up."
-Muhammad Ali

Darkhorse yr lastest quote is hysterical

Robert

 

[chasinfla]

that post about money managers' take was a great boost, as was The Lizard's comment about C-Note.

 

[chasinfla]

they probably all learned from cnote.

 

[dis]

Originally posted by Gordon Gekko
say you have a small account (< $20,000), but you know how to make money

Isn't that a contradiction in terms?

 

[Gordon Gekko]

Originally posted by arbtrader
OK gg, you want some advice, here is mine:

1. Lose the campy nickname. It makes you appear young and foolish.

Oh and btw, that jpeg in your sig? Not helping.

thanks for the great tips! you may want to ask yourself if you think i care. lol i'm not here to win awards for seriousness or to impress anyone. if you want to think i'm foolish because of my member name, go right ahead..i certainly won't be crying.

p.s. your subject title was right on the money..

 

[darkhorse]

Originally posted by dis

Isn't that a contradiction in terms?

not at all.

big and small are relative terms, but in the grand scheme of things 20K is peanuts.

the number of traders making a living with a sub six figure base is infinitesimal.