Ryan, Your ability to emotionally handle those losses is the difference between an overly cautious trader and a good trader. That courage is...
Ryan, I have been following this thread since inception and I have noticed that you are trading smarter and smarter as time goes on. Each...
I have been in your shoes about 13 years ago when I was 50. I became disabled and had to figure out a way to at least make a supplemental income....
I have said this before several times, but let me repeat it one more time, "More than 50% of the battle with options is having a complete trade...
No I don't know and don't care. Even if these transactions were sell to open transactions, that means "somebody" is still buying them. Who in...
This simplicity of this method I developed several years ago might be helpful to the originator of this tread in answer to his original question:...
Neke and Div Arb, I agree with you completely. What holds me back is some very bad mental scars when I started out option trading 10 years...
Thanks dipper. I appreciate both your compliment and your skepticism.
Your welcome, I am happy to be helpful. The 4 most important things that I can say to a beginning option trader is to be Systematic: 1: Find...
Trade completed, updated results attached to reflect new trade.
When you consider that today the SPX is above its rising 10dma, 20dma and 50dma, I would have to say that today's call trade is in the direction...
Just bought SPY May 140 calls @1.60 Bracket set at: 2.00 sell limit 1.20 stop
Yes, most trade signal entries are placed below the closing price. The entry price the programs select for a particular signal is dependant upon:...
Trade complete. Stop limit of 1.60 had a split fill: 5 @ 1.60 5 @ 1.61 Attached results updated to reflect current completed trade.
Thanks neke, That's a better explaination of the system then my last reply to atticus!
Atticus, Your totally correct for today. The system output was the "Weak"(Weak B) direction of the market today and playing the weak...
Atticus, I dont use O.I. (open interest), P/C ratios (put/call ratios), or option volume in this system. (I do however have a manual input...
Just bought SPY May 141 puts at 2.10 Bracket set at Limit Sell: 2.65 Stop: 1.60
Thank all of you who are interested in this thread, and for those highly critical and don't see the purpose, its Ok, I can respect that. My...
You can see from this long term 10 year chart of the S&P500, once the 40 week moving average bearishly crosses under the 80 week moving average,...
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