SPX Credit Spread Trader

Discussion in 'Journals' started by El OchoCinco, May 17, 2005.

  1. ChrisM

    ChrisM

    Thank you Coach,

    so this pain is common. Mine is actually worse because everytime it happens, I get the same questions. While trading my account I don`t even pay attention to those readings, as I use my own spreadsheets.
    Nothing to say, I can get better results on my own account due to these limitations in OPM accounts.
     
    #6771     May 18, 2006
  2. Man, I gotta say. Trading today has been like watching paint dry.

    Coincidently I've been so bored that I've been working on a new painting for my living room. So I'm quite literally watching paint dry, and It's been much more exciting than trading today.
     
    #6772     May 18, 2006
  3. I retained one of the accounts I was managing and when the client looks at the monthly statements I always have to do the same explanation. If the market is down on the last day of the month, the account could swing a few percentage points down on the put spreads on marked to market simply the way the broker is valuing the spreads.

    Better to check quarterly LOL.....

     
    #6773     May 18, 2006
  4. ChrisM

    ChrisM

     
    #6774     May 18, 2006
  5. The market must have heard me bragging!

    KHHHHHHAAAAAAAAAAAAAAAAAAAAAAAAAANNNNNN!


     
    #6775     May 18, 2006
  6. ryank

    ryank

    You know the MMs read this thread, you should have known better! They will now punish us all! :p
     
    #6776     May 18, 2006
  7. ChrisM

    ChrisM

    This all about managed accounts - everything goes smoothly till the moment people learn how to read statements. Then monthly checking, weekly and finally daily comes up. It becomes a part of the life - like daily teeth brushing... an addiction ? Warnings and explanations don`t work.

    That is why many are so excited about new expiration options. This time I`ve checked with CME - European style. ktm found info that they start this Sunday.
     
    #6777     May 18, 2006
  8. I found an easier solution,,,, told him to stop looking at the @#$%ing monthly statements....







    :D
     
    #6778     May 18, 2006
  9. ChrisM

    ChrisM

     
    #6779     May 18, 2006
  10. ryank

    ryank

    Hey Murray,

    How about an update on your diagonals.
     
    #6780     May 18, 2006