Cycle Trading

[Duma]

Thanks. You have shared a lot. Hope you stick around. You have posted some good stuff.

Boy does time fly when we are having fun. I said in my post that Jaws has been around for 2 years. Well it has actually been 9. So sorry Jaws. His first post on the board was 2/2012. That board was ETF Swing and Day Trading. My last post on that board was 2/18/2014. There were over 79K posts on that board. Those were some continuous times. I had 5 bans on that board. I have 2 on this one.

I actually got the RSI2 idea from a poster named JLS who is one of the 2 banned. We went back and forth about how options worked for weeks. I forget the exact detail, but he had some weird idea about how sold options worked when they expired. Nothing I could write would change his opinion. It was something like you had a choice in how the option was or was not assigned at expiration. He could not understand the concept that once you sold the option, you had no control except to buy it back.

So finally I devised a trade set up on a Fri for some stock that would test his thesis and mine. We were to execute it just before the close, so that money gained or loss would be minimal. He refused to do it for a couple of Fridays but kept posting his false ideas. I finally had to tell him to either do the trade with me or I was going to ban him. I could not allow false ideas to continue to be posted on my board. He is still around on other boards.