Sorry, I only read the first page and last page of this thread, so I apologize if this is redundant. TD/Ameritrade in the US touts their fraud...
I don't think Lehman and McMillan have any new strategies. I think their "New Insight" is that you can keep writing CCs month after month instead...
BTW, I also got Lehman & McMillan's "New Insights on Covered Call Writing". Why didn't they write "New Insights on Naked Put Writing"? They only...
Well, I agree they are nearly identical. Now how do we get the brokers to agree? Why don't they let you do NPs in an IRA?
No, I'm asking WHEN. THX MTE.
I'm not asking about the merits of NPs over CCs. I'm asking about when to open the position. I just read two books, and they give...
I know, but what about timing the NP write? Plus, most brokers won't let you sell NPs in an IRA. Fidelity said they are starting to allow it,...
One book says do some TA and write CCs at resistance and NPs at support. Another book says look for stocks coming off their 52 week lows to...
The short leg will limit upside potential like the OP said he doesn't want to do. OP check out Lehman and McMillan "New Insight on Covered Call...
I just noticed that everything I look at seems to have a similar pattern. Is that unusual or a common occurrence when the indices take a hit like...
Every stock and index I've looked at today has the 10 day MA crossing below the 30 day EMA in the last week or two. Is that meaningful for the...
I'm right on target then, especially after today. BTW, the trend will change often enough in this market that it won't matter what you buy or when.
How do I reset the cash on my live account? :confused:
I "started" with the TOS software (I made a few option trades in the past, but that was when you called your broker on the phone.) I didn't...
It depends on the broker where they let you start. Schwab and Fidelity will start you at level 1, which is selling covered calls. I don't even...
Steve, I agree with you. The point about Enron and covered calls is that brokers tell you that it is the safest and most conservative strategy....
I'm wary of BS's service. IIRC his promos only point to his big winners - "We made 5000% on XYZ" and "Made $50,000 in two days on ABC" that kind...
Random thoughts: 1. Only use money you can afford to lose. 2. Try to find a website where you can paper trade until you feel confident to...
So is there NO advisory that anyone can recommend? I asked RedOption.com for their track record and frankly it wasn't that good. Most...
So you are "down" another $14/share. First of all "Don't panic." And don't try to make it all back at once. I'll probably get a lot of...
Separate names with a comma.