Do not forget to tune in to my radio show Wednesday at 12:30 PM EST! You can listen over the internet at www.washingtonbusinessradio.com Phil
Please let us know where/when you archive your show. I would like to listen to your show but unfortunetly, I have class on Wednesdays. Thanks. Daytrader85
Haha. I would listen to your show during the day, but I don't think I could get to a computer that would let me listen to the show. I would rather listen to how to make money using Iron Condors then learn about Supply & Demand, and Elasticity!!! Hope my econ professor doesn't read this board!!!!
One should also consider historical testing to see if the proposed TA approach to "overbought" vs. "oversold" has any +EV or is it just an illusion. Not trying to be a smart ass here, but so many ppl take an approach and apply OB/OS or trend "filters" without first validating if those "filters" in-and-of-themselves give any statistical edge with regards to probability of future price, volume, or volatility change.
Outside of empirical observations, have you performed any historical studies to show statistical advantage in using BB's?
For statistics purpose, this web site has statistics data of using BB to trade S&P500 ($INX). It's not so good against $INX. http://quote.barchart.com/performance.asp?sym=$INX The best technical buy/sell signal for $INX is 20/100 days MACD oscillator. I'll just continue to use support and resistance and read coach analysis. -Nick
Placed the following trade today: OCT SPX 1285/1300 bear call filled at $0.80 B/A was $0.55/1.25. I was filled in 2 minutes which suggests that maybe I could have gotten another nickel or so.
I've had an order for OCT SPX 1285/1295 Bear Call Spread at .75 for about 30 minutes. Just changed to .70 to see what happens. Thanks to everyone for the help, especially Coach. Remember, he has his radio show today at 12:30 EDT. I listened last week and enjoyed it. Thanks again, Ed
Hey Coach, The reason none of us can get fills at premium prices is becase some guy is on the radio (pretending to be you) telling everyone about this journal! LOL