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Yep. Trading options with lot of money in to them can take one to cleaners in no time. please play with 100 or 200 bucks on each play depending on your risk level.
i know one guy who incurred 300k debt trading options in 2008 crisis in no time.
AAPL stock is controlling spy, slv entire freaking market.glad it missed.
wow jimmy...how many puts u have...i was so close to buy puts...but ended up on sidelines...
the biggest manipulator goldman sachs reported loss for the quarter. no wonder the market is nuts.
just curious what period do you use on wm% and rsi. i use 14 days for wm% and 10 day for rsi. thanks in advance.
looks like the big players are trying to take lot of retail traders to cleaners today.
unusual bounces.
even my indicators are showing very good entry. it should work out for u.
roy are u not trading today. are the indicators too uncertain.just want to learn....
europe closed red except dax which closed +5.97 which is very less.
asia closed red.
lets see what the skynet brings.all i have to say is wtf happened to spy suddenly.
david einhorn was the first to question lehman accounting it seems. so something is definitely wrong with GMCR.also, p/e is 80 times.
last week was very bullish and google released in right time as the expectations were less. even if apple meets all expectations, one negative comment can make it go down just like IBM.looks like this week will be a bad week for all the companies reporting earnings.
thanks bud.had a nice vacation but glad to be back to trading.someday i wish i can do this for full time.
no offense but these euro politicians love to talk but no action.
back from vacation for whole week.looks like i missed nice rally.well will catch the selling now.
looks like nice trades by peeps here.
yeah. decided to do only quick scalping on weeklies as longer expiration ones did not work out for me as the premiums were high.
good indicator will be if the cnbc starts talking bad on jobs report then it will go down.even though jobs report was not that great they were pumping it in the morning. i think that is the best indicator in this screwed up market.
looks like taking profits is going nice way.2 red candles and 2 green candles on 5 min so that they can suck the people in buying.
unfortunately weekly.
hopefully it works out.i have 115$ puts from yesterday.
i should not have went against the trend yesterday.today i have to be cautious on that.its friday and going against the trend might work out today. lets see.
not looking good for puts.job numbers are good.so pissed.i had wrong entry yesterday and held over night on spy puts.
please make it retrace to LOD's. lol.
it was showing red on 1 min and 5 min charts.wonder what made u to enter..
QE1..Qe2..Qe3.. they are just some BS terms and never work.i have never seen in the whole history when main street is worse giving money at the top will work. fixing the housing free market way by reducing the time for foreclosures is the only way this market will be fixed.
people at the top forgot those good economy times.when people at main street makes good money in hundreds people at the top will make in millions.
learned my lesson.following others is the worst thing to do. over time we will become good in the charts.
this idiot ben and timmy boy should have been fired long back.
looks like its time to post some sticky about the risk involved in options.lot of newbies......
one can trade based on fundamentals or technicals. i would follow the charts not others or cnbc. following others can make some money but not always.
even i chose to trade SLV and could not trade spy with the ptd rule.
what a wrong one to chose.even though i exited at hod but the returns would have been good with spy.
if the dollar gets stronger slv will fall.IMO.
me too.even my indicators are showing that.so i was kind of surprised.
SLV already jumped 1$ today. do u see 1$ more.
all green weeeeeeeeeeeee
with the time decay the premiums does not go up that fast on friday afternoon. so, i would not force the trades unless sure.
remember skynet opened the market lower.european markets ended 2% lower.so, going in to power hour i would be on puts side if at all i am trading.
according to bloomberg one report bidu and sina may not be part of DOJ investigation.that is why the pop. that is why always set some targets.
roy's strike price selection is the key to make money.i would pay attention to that.
wow your indicators might be the best in town. hats off to you.
good trade.
its all high frequency trading aka skynet.