i feel these computers know how to make both calls and puts lose premium. need to refine my strategy to quickly scalp the gains.

PARD.I had this POS for more than a year as baggie.i sold on wed to clear some old baggies and it pops.damn.....

so true.daily charts on spy shows it touched lower BB.hopefully it will bounce tomorrow.

looks like i got a member to follow on spy and qqq.just marked you bud.
i traded spy and qqq last week and before that week, i had 9 out of 10 positive trades. this week got greedy to make little more money and played aapl and gmcr. both are big duds and still holding the losers.
back to spy and qqq. easy 40-50$ every time i buy a call or put.

i did the same thing for CMG like out of the money calls and puts. time premium eroded the value completely and the earnings were just like CRM on thursday after hours if i remember correctly.

till now only intra day scalps on spy and qqq at the money strikes worked out most.

wow CRM reported a loss...wow..should have played it...

CRM holy smokes.congrats bud.may open below 100...

IN SPY M 123 C @0.70.. still lot of losses on aapl and gmcr.

so true and that too both longs and shorts.man its becoming tough with these computers trading.

the same dumb ass fitch reported this.

(H) DJ Fitch: US Banks Have Reduced Direct Exposure To Stressed Euro Mkts Considerably Over Past Y
(MORE TO FOLLOW) Dow Jones Newswires (212-416-2400) November 16, 2011 15:10 ET (20:10 GMT) Copyright (c) 2011 Dow Jones & Company, Inc.- - 03 10 PM EST 11-16-11

so true.i will see this week and i will refine my strategy going forward.hope i can get out at least break even tomorrow.

not a good week for me so far.looks like its turning out bad week.long wait for my aapl calls. might hold over night and see what happens. so pissed for not selling at 0.50. also holding gmcr puts from yesterday.

Added AAPL $400 M C @ .23. average now at 0.32. should have taken gains at 0.50.

i should have sold AAPL calls at 0.50.damn...

looks like skynet gets fed some patterns.it might have like several patterns and follows in that way no matter what.i wish we can figure out those patterns.

DJ SEC Charges Morgan Stanley Investment Management With Violating Securities Laws

no credit to me.alert by ugotstocks.

In AAPL $400 M C @ .36.

one thing i observed is not to sell at the open immediately. the momentum carries at least for 15 min whichever side it started.

spy struggling at support i.e previous resistance.do not know which direction it will go.any clues from the chart.

i was seriously thinking to take account in Yak trading group.did not do more research.saw that sticky on his board.but i am waiting to get more practice.

IMO.today's trades are to be forgotten.from the market open skynet took everyone to cleaners both longs and shorts.i could have been saved if i had day trading account and with at least 10k in it so that i can get in and get out.
day trading margin account really helps man.this ptd rule sucks.

this is my observation.you can almost always make 0.20 cents+ in matter of minutes if your entry is right. that is my sell target most of the time. i miss lot of money but my goal right now is to make more positive trades than negative trades just to boost my confidence.

GMCR.46.06 resistance.hitting resistance.this is where i should have added puts.

i had AMZN 210$ put from yesterday and sold for loss at 10am today.i could have got at least 100$ profit instead sold for loss.damn amzn...

hope u feeling better.welcome back...

In GMCR $44 M P @ 1.09.. lets try if this works out.

yep.all the indicators are showing it will move further down.

yep.its insane.premiums on either calls or puts gonna be screwed big time.its been a while every freaking stock moving with the market.i wonder how long this will last.

lol.i was about to ask that.roy u not trading today?

man i knew this would happen.charts were flat from the afternoon. i took loss on my puts just few min ago.damn...

yep even my day started like a bad day. i remote to another computer and do the trading.because of windows updates i could not remote at 9.25 and had to take the stupid decision to sell from other computer without seeing charts etc. so pissed.

OUT SPY $126 W P @ .07 from .15. stupid me forced the trade on a low volume day and holiday.

i know.i could have made 200$ more on spy call and completely blew it.and forced another trade with low volume day.need to get out of that now.

today is slowest ever trading of spy i have ever seen...

DJ US Stocks Rally On Light Volume, European Hopes Fuel Gains..
even the light volume shorts have unable to take control.wtf.

ok skynet.you are ordered to initiate sell sequence now.enough pumping yourself.lol

IN SPY $126 W P @ .15

Out SPY $125 W C @ 1.01 from 0.76. bad trade turned out to be good.market order filled at 1.01 even though bid was at 1.11.i could have sold easily at 1.30.well turned a bad trade to be profit.will take it. held overnite as it did not fill my order yesterday.

well good chart readers here do not have to wait to trade options.all you have to do is trade "at the money" calls or puts and flip it as much as u can.once after getting familiar then move on to "out the money" calls or puts.