don't u worry bout how we trade mr options..for u are not going to see it..that i will make sure..u keep using ur text book stuff..as for the kid..he is not as stupid as u think..he has the common sense to know that what we are doing is all about him learning whilst he doesn't lose much money..now go look up ur skews and keep ur shite analysis for urself and ur educated frnds..u guys think ye know it all..well..ye don't..us 10 dlr trdrs can manage very well without ye..lol J_S
not options like the rest trade them..i have my own way that keeps risk very small..which means limited profit..but anyone who trades knows the relationship..don't worry..the kid won't lose much money while learning a bit with me..that i will make sure of.. J_S
here is a qstn for mr options..how many option trades did u place in a row without a loser..hnst answr..if u can! J_S
snc u strtd me off..ye option "gurus" wud do mch btr to go off and learn sumtng bout reading charts..u spend hours luckin at the wrng type of charts and den scrath yere heads when the trade don't work out..typical..but as i said..ye know it all..don't ye J_S
btw..i nvr said he wud not be doing any sim trades first..which i have thought bout..but if he wants to learn a bit from me he needs live tws data feed..he can sim for bit with ninjatrdr once he has tws account open..i did not get to that stage yet..he still has bit to go before he even starts..as he needs to type up a smpl business plan in word and show it to me..this is for a reason that will become obvious to him J_S
thank you jl..so u have put in 200 more than we said..u mite change that before u trnsfer money..so..let's say ur max risk per trade is going to be 30 dlrs..and u wud like to make 10 in the frst hour..so we will put ur trgt at 10 dlrs per trade rite away..u can see that ur max risk is bigger..so we now say ur max risk per trade is 30..but ur target risk per trade is 10..we will match ur trget gain for now to keep it simple..does that make sense to u? J_S
jl..to ease ur mind a bit..as i know doubt enters when others post..and that is normal and acceptable..u are dealing with someone who has made and lost a good deal of money trading futures..stocks..fx and soybeans..and options on all mentioned..so..believe it when i say that i know a good bit bout risk control and how not to lose too much money.. after many years of winning and losing..i eventually came to the conclusion that most of it is a total load of bollox..which it is..and u can make easy money providing u don't get greedy and stick to a strict risk control strategy..which is what i am going to show u how to do now..if u don't do it..it will not be my fault..but yours..so..i can only show u what i know works..and it will work for anyone providing they stick to the strict rules....not just u btw..for the "gurus" who know it all..keep on trying..as well as risk control there is also another "thing" that can change any traders results in very short time..but..very few know about it..and one thing is for sure..no more will ever find out..that i do know for certain J_S
Don't mind my comment. I don't usually go into journals. But, this one caught my eye in Psychology. @JoshLowe005: If anyone becomes overly annoying, you can use the 'Report' feature to make a complaint. I've never used it yet. But, it's my understanding that the mods respond well. Have fun!