If you can get connections, I can send you model readings, and you can inform your connections so that they can see their paper trades. Then to the real thing... Market: market is playing the tired weak guy. May be buyers are injured/scared, or it may be just smart money playing games before the pop. Let us pay attention to them particularly at around 2 to 2:30. They should be back by now from lunch.
I think it would require a registered firm as representatives locally, and a trade and earnings record for a couple of years at a minimum, if I were to involve you.
Hi guys, I just received the monthly forecast for sept and the strategy from monthly cash through options site. Love to get your opinions on both the market evaluation and their trade recommendations. I have TJs email and need yours falcon view. I sent it to you in a private message on this site a few days ago. Thanks for your time in sending and looking at it for me. Last month their auto trade did 6%, still considering some money there. I am not interested or able to spend a lot of time looking at the market, so looking for the alternatives. thanks michael
Stanford I never got your earlier message. My email is hillviewhacienda@yahoo.com Just send me whatever direct please! Peak Investing have a Thursday morning trade they do in the weeklies. It is an Iron Condor and returns around 5% or so per week. So long as I have been tracking it, it has worked. ( 4 months ) I believe they do TOS auto trade so you can probably sign up for it. Though I know how to do their trade and can tell you what they do, if you have Thursday mornings available to do your own trade entry. Save you some money. One loss will wipe out your year's stake though. Normally the difference between an amateur venture and a professional, at least in the standards of 25 to 30 years ago. This was a requirement for 3 years brokerage statements with nothing less than 40% or more per annum gross profit on capital. To prove capability.
Trading Journal I'm looking for a 200 pt DOW drop this week. How about you? I have developed a two trade system, so far ( grin! ) that does not trade until the move is over. I'm tempted to trade anticipatory, but not going to do it this morning. Think I'll stick to the safer AFTER the trend has come and gone modus operendi. Gambling is out in my set of rules. Gambling by anticipating, is a good way to get losses. I want a no lose trading business.
Trading Journal I have four indicators screaming the market is going down. Aaaaah! Wm's % R and Momentum indicate this is so. Two new ones of my own construction also say so. 7 minutes to market open.
falconview, if one wrong trade can cost you almost your whole portfolio, they must not be doing adjustments. If you look at the Monthly Cash people, they show the adjustments that are actually done, which limits the losses significantly. There will ALWAYS come the time that the adjustments are necessary. Thanks Michael
falconview, a question about the thnk or swim practice account. when I opened the bull put spread I did it in one trade entry. If I want to close it or roll it out, I dont see where I do that in one trade. If I am on the monitor tab, all the postions are separate. Does that mean I have to enter two trades to do the adjustment? I would be surprised, but there must be something I am missing. thanks Michael
If you opened a bull put credit spread, you sold at the bid. You pressed the blue arrow on that bid and your spread came up above the option chain. After choosing Vertical spread on the decision box. If you wish to close that spread, you will buy back at the ASK and you click on the blue arrow at the ASK. If any delay in reply sorry. I've been in town paying for one of my pickup truck licenses and visiting the public library this morning. If you have something showing adjustments I would like to see it. Please send me to my private email address.