Not sure if this is answering your question or not, but I'll tell you a rough outline of what I do. This is really more about the mechanics...
Hey, Cutten, A fair point. Yes, this passion is a required element.
These people are all bought and paid for. I wish to be wrong, but I think they are puppets, every one.
As usual, there is no shortage of people telling the OP that he cannot do something..... burtonridr, you mention options--read Larry McMillan's...
Buy away. Just don't sell any until you have some practice under your belt.
MMT
I doubt if there is a simple or closed-form solution for this--you would have to calculate a bunch of conditional probabilities
what about some of the more conservative, non-leveraged or lightly leverages closed end funds that trade high grade corporates or treasuries or both
I'm surprised no one has mentioned that a small business owner has all his eggs in one basket. A trader never has to do that, but can diversify...
I don't trade stocks much; I'm an options trader so that's the only arena in which I can help you. There are several options Web sites that will...
I totally agree with you. However, I don't think he is asking our opinion about a career in trading--he seems plenty smart enough to make up his...
Do you have access to an option calculator? Put some LEAPS in and change the implied volatility. You will see how extremely sensitive they are...
I also think you would enjoy McMillan's other book, McMillan on Options. It is not just a rehash of the bigger book. Mary
I'm not a Mac fan, Apple owner, or anything like that. I do know a little about pancreatic cancer, though, and the prognosis is extremely poor....
Agreed. If volatility calms down by the earnings date or in connection with the earnings (a big if), consider the long straddle if you like to...
Mark, Truly enjoying your new book. I have two questions about insurance and neutral trading. If others wish to chime in I would welcome...
BTW I applaud your approach. The worst case is the first thing to figure out.
There are two other things to keep in mind. One--realize that even though your amount at risk is smaller in the spread than the naked put, the...
Agree that probability and statistics are the best preparation for trading. If you are mathematically inclined, also sit in on stochastic...
Curious as to what people think of Stephen Leeb, if anyone has read him.
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