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straddle

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Personal Information

  • First Name
    Peter
  • Last Name
    Economides
  • Country
    United States
  • Gender
    Male

Trading Information

  • Vendor
    No
  1. For options that require physical assignment (ex equity options,option on a specific stock) its better to sell them in the expiry date to avoid assignment . Buying the stock will require funds available and you will have to pay commisions . Index options are cash settled do there is no problen with assignment
  2. I personally believe that there is some voodoo in Technical analysis . There is a possibility that pasts trades are completely random (ie dont follow a pattern) and are unrelated to future trades . BUT if most traders are seeing patterns in past behavior they will base thair trades on past perfomance and patterns . So you have to take TA seriously if you want to predict other people's trades .
  3. I was looking for an online simulator for futures and stocks and then I read this post http://vse.marketwatch.com/Game/Homepage.aspx and thought I had to ask . I know I can develop a litttke excel and document my fantasy trades byt i am looking for an online tool to get ideas unti i make something of my own
  4. Thank you all for you answers . I guess you are right about futures being out of the question . They are risky and open positions need a margin . It is just that you can short the market with futures . I guess only stocks and options trading is right for me . Propably I will need to do alo of paper trading and see if I can pull this of . First I will browse the forum to collect info.
  5. In this crazy world a paycheck is more important than chassing crazy profits , however if you have some experience and you like trading you can do some trading on the side . How can you do that when you are occupied during trading hours ??? I guess you do your homework on the weekends and your focus is longer term . You dont trade based on the day but rather on the week or the 15 days . But how exactly do you go about it ?? Do you put a blind order before market opening just in case the "product" reaches your target price ?? The obvious answer is trade with the help of a broker (an actual person) but after a while the broker will start taking initiatives and before you know it you dont trade anymore but rather the broker trades with your money . Any ideas on how to accomodate trading with a full time job you dont want to lose?? PS In this thread the topic starter loses all signals because he has to work http://www.traderslaboratory.com/forums/beginners-forum/14437-exit.html
  6. Usually heard in July after an unsuccessfull trade Sell in May and go away . Never knew the real meaning behind it - sounds like " i need a break"
  7. i would trade more since if you have more money your chances of winning are greater . Unfortunately if you get carried away you might lose it all.
  8. A fund manager would know how to separate his savings or other bank account with the account that he uses for his daily transactions . Doesn't the fund manager know the concept of overnight deposit?? Anyway . I guess that memes are frowned upon on this site but I cant help myself Seems Legit . PS How can you tell the difference between a fund manager and an ordinary guy ??
  9. straddle

    Exit

    Its not easy to daytrade if you have a full time job . Some times its not easy to just trade if you have a full time job. Now its easy to monitor the market using an iphone but back in the days if you didnt work on a pc you had no idea what was going on. Try to reavuate your system on am larger time frame .(a week or a month) Also when you miss the signal either play this one out or if you enter dont start with moaning and the shoulda goulda woulda . You missed the signal end of story , now you are following a new one . PS Just realized this is an old thread . It would be interesting to discuss how it is possible to trade and keeping a full time job
  10. Since the original post is way too old I going to ask again . Whats the best place to get live quotes from and will it work in libre office???
  11. a good trade is not necessaraly a winning trade . You can make a trade for all the righ reasons and still lose . I dont believe in invidual trades but overall stategy whih has more wins than losses and a posive dollar result . Anyone can make a winning trade by pure luck its the strategy that matters . On the other hand if someone has a series of good trades by pure luck its not bad either .
  12. This reminds of well known actors that allways say tha the have "stage fright" everytime they perform but this actually helps them perform better . I believe that most human emotions are bad in trading . ( Too much on joy a winning trade might ruin your next trade .) On the other hand i dont believe in automated trades . So the best thing is something in bewteen . A person who can distance himself from emotions . Like a syrgeon who does heart surgery. He has to focus on the mechanics of the heart and not to the actual person and what his illness can do to his friends and family.
  13. I dont totally believe in TA but if others trade based on TA it becomes an instrument to predict others' behavior . Ex if a stock has a strong support at 900 and it breaks it people will start selling confirming the TA sign. The stock didnt fall because TA was a good predictor but because people believed in the sign . Its like the joke with the weather man and the native americans
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