Now, I love technical analysis; I use it almost exclusively trading stock/index options. I have traded options on companies and had no idea what the company even did! But anyone that has played with technical analysis knows that majority of them ...

The end of the US stock market is nearing

Seriously? If he spends 10 hours every day of the year (including weekends, Christmas and every other major holiday, weddings, births, funerals, etc.) looking at charts, that means he did that for just under 22 years. Now, since the first group of ...

Forex - A negative sum game for losers

Options trading is not. Just saying.....

Forex - A negative sum game for losers

Well, it didn't get quite as low as I expected (2855 vs.2840-ish) but the Weekly lower BB was hit, which was the immediate driver of the three charts. Still good for a little money on the SPY, though.... I expect it to drop towards 2880 by the end ...

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We may see an up day tomorrow, but before we get much upside movement again, I think the SPX is going to drop some more to hit the 2840 area before the end of the week. That will take care of the Weekly chart hitting the lower BB, the Monthly chart ...

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Do you have an example of a specific stock when a Reversal Diamond indicated a drop of 75% (or even 50%) of the stock's value and it actually happened or is the resulting drop mainly theoretical?

The end of the US stock market is nearing

I certainly mean no disrespect from the question, but I was just curious if you are currently, or have ever been, a trader in ANY of the normal trading instruments (currencies, futures, metals, stocks, options, indexes, etc.) other than a 401k or ...

Forex - A negative sum game for losers

And it was.....

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Out of the following: SPY Aug30 289 CALL @ $2.87 up from $2.61....and darn lucky to get out the way the market is flipping....

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Wasn't picked, but judging from everything the market is doing, might as well have been....

Let's Trade Options

If you dislike retail forex so much, why not move to another instrument? Options trading can be started with less money than outright stocks, and is a bit more regulated than currencies. Futures can be cheap, also. Stressing over something like ...

Forex - A negative sum game for losers

Well, I have to report for jury duty tomorrow...maybe they'll see a crazed look in my eye from having to totally rely on limit orders for trading and release me!!....

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Why in the world would anyone hold an option until it expires worthless?! Actually, I was only asking a rhetorical question; I know the only people that believe stocks and options are "negative sum games for losers" are either 1) non-traders in ...

Forex - A negative sum game for losers

I think we will see some up time next week, but it looks to me (on my charts) that the overall weekly will be a down week. The Daily lower BB and the monthly 10EMA are roughly the same on SPY (~283.40-ish), so I would expect that to be the next ...

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In the following: SPY Aug30 289 CALL @ $2.61 Sometimes I like the longshot gamble based on nothing but gut feeling, and I'm hoping things will settle out over the weekend or even before the close. I just think the drop was just a fast overreaction ...

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Thank you for that, but I guess I should have been clearer: HudithePfupf, in your opinion, are stocks and options a negative sum game for losers, too, or just currency trading?

Forex - A negative sum game for losers

Added some more to the following: CREE Aug30 49 CALL @ average $0.49, bringing average down to $0.62 Had a Hail Mary bid out and didn't expect it to be filled but somehow it was....filled over a small range, but filled nonetheless...

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In your opinion, are stocks and options a negative sum game for losers, too, or just currency trading?

Forex - A negative sum game for losers

Filled at the following: CREE Aug30 49 CALL @ $0.75 Should be good for some quick money in the morning, provided no huge gap in the market....

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Not much to look at today, but one is interesting: CREE Aug30 49 CALL @ $0.80 or better The Daily candle is completely outside the lower BB and that normally means an up day the next day, so I will probably get some before the close. I have a bid in ...

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