pumpkinhead Look for all available videos at video.google.com and other ressources. One of the quickest ways to learn are mulitmedia presentations.
Today I was always long with straddles or anti-directional short options. 03/13/07 +9.2% I am now at 185.57% of my original payroll. Average gain per day is 4.5%. That's since 49 days!!!! I am happy that I am able to make that a consitent exercise.
More dedicated work. Less reading. More planning. Switching back to selling time and convexity. 03/16/07 +7.2%
Met my target today. 03/20/07 +2.0% with 23.8% max. account risk. That mean I was more than 61.9% sure of winning today. Basic element was that I was betting with the up-trend to the close. A TREND IS A FRIEND! Dont't fight trend. Stay out, if you get mixed signals. Take a break and come back later. You will see in seconds if there has a trend developed meanwhile or that a trend has confirmed. I pulled the trigger by entering position by position, because I was more and more sure to get a good result. My last postions earned less money, but I was MORE sure!
Low risk setups are with the trend and promise a high reward compared to the inevitable risk (see attached graphics). I have made all mistakes a novice can make today. Shorting options against an announcement. Where is my long years experience? 03/21/07 -17.7%