Are you trying to acquire the shares or just trying to sell the put and let it expire worthless (or buy it back cheaper)? In my experience,...
Yes, you could write covered calls, but the problem is that for low priced stocks like this, your strike prices are so far apart that you have to...
Is this assuming that you actually want to own those shares? If not, unless GSS rose about 40% in the next 2 weeks, if you sold a PUT at $5, you...
1% a week? I'd say that's a pretty optimistic goal (to be kind). Covered calls work well in slow uptrends (or even in slower downtrends) and...
Well, I would consider any money you've made up until now to be a gift from the market and put a damper on your trading until you come up with a...
As far as executing simple orders (MKT, LIMIT, etc), IB is pretty much point and click (they have a rudimentary implementation of the standard DOM...
You could always switch to futures and avoid the pattern day trader rule completely. If you primarily trade the index ETFs (QQQQ, DIA, SPY), then...
The option Greeks can significantly reduce your exposure if you are willing to give up some of the initial upside. The ThinkOrSwim platform has a...
As with any highly non-linear system, the further you move away from the operating point, the worse your model becomes. I'm skeptical that linear...
Perhaps I'm just lazy, bit IMO, you'd be better off just paper trading your ideas in real-time to see how they work. This teaches: 1) patience...
The market reminds me of professional sports (football, hockey, etc). Tens of millions of people follow it. Millions of people know enough to...
WATCHLIST: 11-03-2009 SP500 getting close to giving a buy signal, so it's a little bit more risky on the short side.
UPDATE: EOD 11-2-2009 Stopped out of LVS (-72R), and I'm glad, since that'll teach me to chase on a gap. Added to MCO Short.
Not exactly sure what you mean by reducing exposure. If you mean hedging your equity position, then things like Long Puts come in to play...
SETUPS: 11-02-2009
UPDATE: EOD-10/30/2009 Market reversed hard today. NOK hit reversal point and I am now SHORT NOK. MCO hit short. LVS hit long, but this was...
As a fairly new trader, I actually consider this market to be the perfect learning environment for myself, because it quickly shows you the folly...
SETUPS: 10/30/2009
SYSTEM: PYRAMIDING #2 As was demonstrated in the losing trade (WMB), one must pay particular attention to how a position is increased. In this...
TRADE ANALYSIS: LOSER(WMB, -1.22R) Short position overrun by the bulls on highly misleading and overly optimistic GDP data. WMB had been...
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