jimrob1942

Thanks for the reply but what is the brokers name? what does TOS stand for?

Hey Folks, I am a newbe, who is TSO???? I am trading stock options, mainly covered calls. Could use some help. Thanks, Jim

Yes I totally agree that simpler is best. I have tried to trade some of the simple strategies I have come up with without much luck. Thanks, Jim

Hi Jerry and thanks for the info and time. My problem is strategy. The only strategy I have is using others software programs to help me make a trade. Example, Vector Vest, Market Trend Signal, Reuters, Trade Station, etc. I use these to pick an option-able stock and then look at RSI, MACD, Stoch., ADX, Volume, and others as to when best to enter & exit. I only trade with the trend using moving averages. What am I doing wrong? Thanks for all ideas, Jim

Hi Jerry, My story sounds much like yours. Started with 5K about 4 months ago and now down to 2K trading options. I am 68 and have time to spend on learning options. I started out making a little money and got side tracted and, well you know the rest. I am also on SS. l can't afford a trainer (would not know a good one from the worst). Who can you trust investing. I am more of a Technical trader because I think the fundamentals, being public knowledge, are factored in the price. I know most of what the technical indicators are telling me but still no basic trading plan. Two news letters say buy XYZ call options and another says buy puts or not trade XYZ at this time. I have never seen so many "perfect" strategies and get rick quick schemes as in this business. My goals are reasonable for my situation, not trying to get rick, just supplement my social security each month. If you or anyone else knows a little stratagie that works and doesn't mind making some helpful suggestions, feel free. Thanks, Jim

I guess I really don't know what I'm doing here. I started trading stock options because of the leverage and small trading capital about 6 months ago. Before opening an account with Trade station I read and read everything I could get my hands on about the markets, technical analysis, trends, breakouts, fundamentals, support and resistance, etc, etc & etc. I started with long calls and puts because they are simple. This latest market decline has kept me on the sidelines. This amount of volatility is too much for me. (I also know options traders like it.) I have lost about half of my trading capital and thinking about "cut and run". I haven't fallen victim to all the 1000's of news letters and trading system on the street, if they are so great why aren't the developers walking the beaches of the South Pacific. I would really like to find a mentor but the choices are many and expensive. I do not have a clue as to who will see this post. Open for suggestions. Thanks, Jim

I guess I really don't know what I'm doing here. I started trading stock options because of the leverage and small trading capital about 6 months ago. Before opening an account with Trade station I read and read everything I could get my hands on about the markets, technical analysis, trends, breakouts, fundamentals, support and resistance, etc, etc & etc. I started with long calls and puts because they are simple. This latest market decline has kept me on the sidelines. This amount of volatility is too much for me. (I also know options traders like it.) I have lost about half of my trading capital and thinking about "cut and run". I haven't fallen victim to all the 1000's of news letters and trading system on the street, if they are so great why aren't the developers walking the beaches of the South Pacific. I would really like to find a mentor but the choices are many and expensive. I do not have a clue as to who will see this post. Open for suggestions. Thanks, Jim