Recent content by optionsrules

So you are mainly doing Iron Condores (vertical credits spreads), right? I like futures better:)

What are your trading instruments? I guess you are trading with futures, right? Only Short Strangle or Iron Condor as well?

300% is the best I have ever heard from a trader. I guess you are not trading nondirectional strategies, but directional one, am I right? But anyway, congrats on your achievements, this is great man:)

So what is your annual trading performance goal in general? You think that 80% is conservative? Are you serious?:)

Year to date, 2012. After friday it is 80%

Mine is 80% target and I am at 74 right now so I will pretty sure reach it. And this is *only* nondirectional trading!

Hi, I would rather adjust them manually because I also look at the market conditions first. I do not like to automate it because it is a multiple dimensional game:) take care, Gery

What do you mean by "spreading logic"?

I am shorting them max 45 days out and if it gets close to one of the strikes, I adjust the position. Last time I had to adjust oil 7 times in 45 days but with all these adjustments I doubled the original max profit...

You are locked in if you buy the spot and sell the forward or futures.

I only trade short strangles on them. Exactly on /CL contracts.

What do you mean exactly?

I think most people lose with options because they are bad directional traders and most rookies think the only way to make money is to buy options. If you are long an option you need extensive and quick move of the underlying. Be honest most people have no clue what the market does nontheless...

I had many issues with options...:) I have been trading options since 2005 and for years I tried to find the Holy Grail and I was quite slow to realize that directional trading is not my cup of tea. Since I have been trading nondirectional strategies almost all my problems are gone:) I think...