Introduce Yourself Here - Don't Be Shy!!

[forexpro 10]

Hello,

 

I recently bumped into TL and I am loving it so far. I am looking forward to learning and sharing my 1 year FX experience with all the members of this forum.

[Mysticforex 13]

Hi All,

 

I am Larry. I am passionate about derivative trading. I have been trading in the Equity Derivative market ( basically index and stock Futures & Options) for the last three years. I would like to learn more about the same and will share my experience as well regarding how to make money using F&O.

 

Regards,

Larry

 

Larry,

 

 

Welcome to traderslaboratory.

[MadMarketScientist 11]

Welcome to the forum! I look forward to seeing your contributions to the community

 

MMS

[NS_26 10]

Hey, my name's Nat, recent Fordham grad, love playing sports, and I work for a business start-up. I am excited to be learning about trading, actually trading and also would like to be part of this community where I can gain knowledge.

[Vinayak 10]

Hey Guys!

 

My name is Vinayak and I am quite an active trader. I am very happy to have found this highly informative forum! I suppose the first thing I should have done was to introduce myself here. Better late than never, I guess.

 

I have done a lot of trading on tech and finance stocks. I am passionate about these sectors and I do have a fairly uncommon knowledge of the tech industry which is probably a given seeing that I do reside in San Francisco, CA.

 

I look forward to sharing in the discussion and learning from the tips.

 

Regards,

 

Vinayak

[TL Staff 10]

Hi Vinayak,

 

Welcome to Traders Laboratory. We are very happy to have you here!

 

Feel free to ask questions, post comments, new ideas or articles across the forum. Also, if you have *any* suggestions on how we can improve TL, just let us know

 

Hey Guys!

 

My name is Vinayak and I am quite an active trader. I am very happy to have found this highly informative forum! I suppose the first thing I should have done was to introduce myself here. Better late than never, I guess.

 

I have done a lot of trading on tech and finance stocks. I am passionate about these sectors and I do have a fairly uncommon knowledge of the tech industry which is probably a given seeing that I do reside in San Francisco, CA.

 

I look forward to sharing in the discussion and learning from the tips.

 

Regards,

 

Vinayak

[TL Staff 10]

Hey Nat, congratulations on graduating from Fordham!

 

Glad to have you join this community. Post questions, share in discussions, write about your experiences, and contact us if you have any suggestions for us

 

Hey, my name's Nat, recent Fordham grad, love playing sports, and I work for a business start-up. I am excited to be learning about trading, actually trading and also would like to be part of this community where I can gain knowledge.

[DeltaTheta 10]

I like to sell expiring options to those who take hopeium. Sometimes I win, sometimes I lose, but probability is on my side.

[MadMarketScientist 11]

Welcome ... how close to expiration are you doing this?

 

MMS

[ntrader 10]

I am full time trader and i have ten years experience trading stocks, options futures and forex. Now i am trading from home using technical analysis and macro news.

[DeltaTheta 10]

Usually about 20 - 50 days out, looking to take positions off about 5 - 7 trading days before expiration.

[MadMarketScientist 11]

Usually about 20 - 50 days out, looking to take positions off about 5 - 7 trading days before expiration.

 

So selling naked puts? I like that strategy too - we should create a thread in the Options forum and share our positions?

 

MMS

[optiontimer 10]

I like to sell expiring options to those who take hopeium. Sometimes I win, sometimes I lose, but probability is on my side.

 

I like to buy expiring options from those cocky premium sellers when the options are marked down to fire-sale prices and then sell them back at a huge mark up when the premium seller realizes too late he's been burnt by his own greed and ego as well as the option buyer's friend - radioactive gamma.

 

But that's me, and I when I was a young trader, I smoked hopium under glass ...

 

And FWIW, 20 to 50 days is a long time in option world.

[MadMarketScientist 11]

OT - I've had more success selling than buying, but I would love to learn how you evaluate when is a good time to buy ... or please share more about this 'radioactive gamma' method.

 

thx

MMS

[optiontimer 10]

OT - I've had more success selling than buying, but I would love to learn how you evaluate when is a good time to buy ... or please share more about this 'radioactive gamma' method.

 

thx

MMS

 

As to when I buy, as I replied to your HLF thread, I simply do what I outlined in the OT's Project thread. I sell rallies in a downtrend and buy pullbacks in uptrends.

 

"Radioactive Gamma" refers to the exponential growth in the amount the Delta of an option changes as it moves from out of the money to in the money. It is the option buyer's best friend and the option seller's nemesis. It is especially nettlesome to seller's who unerestimate the ability of a deep out of the money option to increase in value five-fold or more as it moves nearer to the money even as it remains, perhaps forever, out of the money. It is what took AAPL Jan 11 2013 510 puts from 34 cents at the open to $2.10 at AAPL's before AAPL hit its lows.

 

My two biggest losses - stocks, futures, & options - came as a result of selling equity put options. The first time should have been lesson enough, but it was only after the second 100K drubbing that I was cured forever of the bug to sell naked puts or naked calls. I'll leave that to the smart money. Dumb money that I am lets me sleep much better than when I masqueraded as a smart money "premium collector."

[CDW 10]

Hello members. I am looking to meet others who are actively trading, sucessfully, I might add. I tried to learn this through Options Animal but ran out of time on my membership and decided I better go a different route.:crap: Have an account and ready to go and have placed a few trades and found out that you only REALLY learn how to do this when there is money on the table.

[MadMarketScientist 11]

Thanks for the post. I will have to read in detail the other Optiontimers Project thread - I thought that system was primarily for futures.

 

My biggest losses this year were also from naked puts: $9k, $13k, $12k. But I was also able to recover all of that with successful naked puts. So I haven't completely written them off just yet but I must admit the 'naked' part does not help me sleep at night.

 

MMS

[SIUYA 11]

naked put and call selling can be a profitable strategy - however i would suggest it works as a portfolio insurance type of trade - ie; spread the risks, understand the maximum amounts, and go only for yield.

For a retail trader - you are more likely to get handed a massive margin call at some stage....accept that as part of the strategy.

 

There is the additional downside that - when the options you are short are rising against you, the liquidity in them often disappears, the volatility is higher, the fear is greater and the opportunity costs and mental anguish can be devastating.

 

I side with optiontimer on this but also understand the other side can be valid, if sometimes harrowing.

Let this one thing be an alert if you are short seller - as soon as you think/say/believe that it is easy money - prepare to clench buttocks and imagine you are locked in the wrong jailhouse for the night.

[optiontimer 10]

Right now 12:37 EST FAS is 135.12/135.14 and the 134 Put expiring today is .14/.18 and the 136 call is also .14/.18

 

If FAS were to break lower than 134.88 or higher than 135.61, watch the premium of the respective option (if break lower watch the put and if it breaks higher watch the call). If you can put the delta and gamma value on your screen, you will see "radioactive gamma" in action.

 

This is not reccomendation to do anything with your money. It is simply a potential real time opportunity to see live what I was referring to in my post above.

 

Warning: If FAS does nothing but stay within that range 'til close, you will be bored.

[TheDarkHorse 10]

Dear Traders,

 

My name is James, i've recently turned 30 and have decided to take the study of the markets from a hobby to a more serious longer term approach. I've acquired and read lots of books, studied chart patterns and am trying out various strategies for myself and finding my style and appetite for risk.(and of course trading everyday).

 

I have been paper trading for the past 6-8 months with FXCM trade station and it has been a mixed journey of ups and downs but with good and steady progress. I seem to be consistently profitable and know how to extract small quick profits out of the market, so i guess i'm a scalper. Having said that, I inevitably always end up with one trade that goes wrong and which blows me right out of the water taking me right back to the beginning where I have to open a new demo account and start again:-(.

 

I've figured that as i am intending to take trading the markets as my career there is no short path to experience, learning from trial and error and I just wanted to get some tips on how to spot reversals using the 1, 5 and 15 minute chart in regards to Index scalping i.e. GER30, UK100, S&P500 and how to realise when the market is tricking one into believing it is going one way when really it is staying the same. or is it?:-)

 

I realise this is quite a big post for my introduction. In fact this is my first ever post on any forum ever ! So apologies if it doesn't match up to the required trading etiquette standards of this forum !

 

look forward to hearing from you, shouts out from London !

Kind regards,

JV:-)

[TheDarkHorse 10]

Nice to meet you. So when you trade are you trade which time frames do you like to use and are you day trading or swing trading?

 

I have just started out and intend to stay on the demo account for another 6 months which will bring my exposure to the markets for about a year. After this point i realistically feel I would have witnessed all the cycles within the year and be confident to invest my own hard earned £5000 on the table.

 

Am I heading in the right direction?

 

Regards,

James !

[MadMarketScientist 11]

Warm welcome to both of you to TL!

 

MMS

[Mysticforex 13]

Dear Traders,

 

My name is James, i've recently turned 30 and have decided to take the study of the markets from a hobby to a more serious longer term approach. I've acquired and read lots of books, studied chart patterns and am trying out various strategies for myself and finding my style and appetite for risk.(and of course trading everyday).

 

I have been paper trading for the past 6-8 months with FXCM trade station and it has been a mixed journey of ups and downs but with good and steady progress. I seem to be consistently profitable and know how to extract small quick profits out of the market, so i guess i'm a scalper. Having said that, I inevitably always end up with one trade that goes wrong and which blows me right out of the water taking me right back to the beginning where I have to open a new demo account and start again:-(.

 

I've figured that as i am intending to take trading the markets as my career there is no short path to experience, learning from trial and error and I just wanted to get some tips on how to spot reversals using the 1, 5 and 15 minute chart in regards to Index scalping i.e. GER30, UK100, S&P500 and how to realise when the market is tricking one into believing it is going one way when really it is staying the same. or is it?:-)

 

I realise this is quite a big post for my introduction. In fact this is my first ever post on any forum ever ! So apologies if it doesn't match up to the required trading etiquette standards of this forum !

 

look forward to hearing from you, shouts out from London !

Kind regards,

JV:-)

 

Welcome James, There is a wealth of information provided here on Traderslaboratory. Best of Luck to you.

[mayoush.rifai 10]

Hi everyone

I am new here - oh my name is Maya. Just happened to stumble accross it. Seems to be very nice. Now for my experience - I am most definately still a beginner. Still in the learning process. Progressing fast - now the question remains - am I ready to start trading on a Live Account? And with whom? Any suggestions as in where to start?

 

Thank you all in advance very much;)

[Angela.Trninic 10]

Hi there everybody - Im Angela

I am really excited to be here - it has come to my understanding that blogs and forums seem to be very helpful - joining variuos forex groups; all these are places where real people with variuos forex experience talk about what they have learned - where they made mistakes - their experiences and what not. Those and what ares have written are a great start for Forex Beginners to aqcuire the knowledge needed to start small with a live account. Also - finding the right broker company with good support do assist in the learning process as well. Now the question remains - which company has the best support. I have opened a bunch of demo accounts with variuos companies and so far have not been quite impressed. Will keep you all posted once I found the one that suits me the most. If anyone has any suggestions - do let me know. Thank you my fellow beginners!