I have to respectfully disagree. I have traded stock and index options for decades and make quite a bit of money doing that (You can even follow my trades on the "Lets Trade Options" thread). I traded currency very successfully for years until they ...

Forex - A negative sum game for losers

Since your very first post in 2016, you have decried how it is impossible to make money in forex. You say that profitability in forex based on skill is a lie, when is reality, the notion that no one can ever be profitable in currency trading is the ...

Forex - A negative sum game for losers

Well, you have to remember that in order to trade on the NYSE, you need to have your license (membership, basically). For individuals, since the cost of that may be a couple of million dollars if the economy is doing well, and is an extreme pain in ...

Forex brokers are electronic scams - Leverage is a scam

The way I see it, the Fed is gonna raise today and put out some words to try and calm the market. But since that is expected, I think it is already priced into the market. And with a stop gap spending bill being voted on today to prevent a partial ...

Let's Trade Options

In BBY Jan4 52.5 CALL @ $1.65 It popped up this morning, so had to pay a little more. Should be worth it....

Let's Trade Options

Lots of stocks looking to make a move up, so that's a good sign. This close to the holidays, may not make it this calendar year, though. That being said, I am going to look this in the morning: BBY Jan4 52.5 CALL @ $1.55 or better

Let's Trade Options

I think AMZN still has some downward movement left on Daily, Weekly and Monthly charts, probably around the 1400 level. The monthly chart is very close to showing a good upward bounce, but that may be mid-January before we see it materialize.

Let's Trade Options

I mentioned earlier how people need to keep a check on their greed...well, FEAR is another emotion that needs to be reined in every one in a while. I was looking over my notes and emails and back on the 29th of November I recommended an option to a ...

Let's Trade Options

The really sad part about the AAPL Dec18 190 CALLs that are gonna be pretty much a total loss is that it is my fault. In addition to the chart indicator fiasco, back on the 3rd when AAPL spiked up at the open, I could have made a good profit, as I ...

Let's Trade Options

Well, good or bad, I got into more: AAPL Dec28 175 CALL @ $0.90 Thant puts my average for these CALLS at $1.38 Again, banking on a few good DJIA days between now and then. Weekly chart (the good one, finally) looks primed for a move up. Two weeks to ...

Let's Trade Options

Ok, got some more: BIG Jan18 30 CALL @ $0.80 Brings average cost down to just over $0.98, with it trading at ~$28.35 on a down candle. A few good DJIA days will bring it into positive territory pretty easily, especially being in January. Assuming we ...

Let's Trade Options

In BIG Jan18 30 CALL @ $1.35

Let's Trade Options

Looking to get into: BIG Jan19 30 CALL @ $1.30 before the close. May bump to $1.35 if no takers to open the trade today.....

Let's Trade Options

I think for it to top $175 by tomorrow, it will need to close above $172 (preferably in the $172.50+ area). Then it might pop up first thing at the open, but it has been skittish as of late with any follow through.....that's why I went so far out on ...

Let's Trade Options

Well, unless something major happens, I'm gonna assume the Dec18 AAPL calls are gonna be a total loss (though I'm still holding in case something really exciting DOES happen). That screw up on my indicator settings last month really messed up my ...

Let's Trade Options

Ok, I'm gonna take a chance here. I believe in Christmas miracles (and the weekly chart still looks really good), so I got in some more: AAPL Dec18 190 CALL @ $0.25 Got in enough to drop my average cost down to $0.72, so a few good days next week ...

Let's Trade Options

APPL is kicking my butt over the last couple of weeks.....and after I bought an iPhone as a Christmas present!! Geez, talk about ungrateful!....

Let's Trade Options

You're a better man than I am....I'd be out with that profit looking for the next trade. For me, I've found that unless I have a butt load of contracts, a few pennies here and there isn't worth the chance of missing it. I've waited for that perfect ...

Let's Trade Options

Back into AAPL: AAPL Dec18 190 CALL @ $1.65 Should be good for a little money down the road....

Let's Trade Options

Funny you should mention that...I was reading something from one of the Najarian brothers about algorithms trading more than humans now just the other day. This move seemed pretty mechanical, too. The DIA went up almost exactly 2.00 in six ...

Let's Trade Options