Recent content by TickerHeads

My thoughts exactly Crap Buddist.

Well in the case of a naked put if you want to own the stock anyway, then best approach would be to leave a resting sell stop order in the market on the underlying stock. That way if you are assigned the stock your loss will be equal to the (strike price sold - sell stop price) - premium...

You should have an ATR indicator available with your charting software. If not check out something like stockcharts.com.

Sure people can make money trading anything. Otherwise a market wouldn't exist.

Tough thing about trading index options intraday (even the most liquid) is the spreads. You're throwing money out the door. If you're looking for leverage why not just trade the futures contract?

raising my hand

Haven't heard of this particular contract. You could always trade QM - the NYMEX e-mini oil contract. or even USO which is an Oil ETF.

Trade your plan. If you're not disciplined, you might as well just make a charitable donation. Trading is about taking advantage of your edge. Repeating the same setup 100 times. If you trade a few stocks and then add gold/metals, you're never really taking advantage of any edge you may have...

While I always used fixed target orders, it's not always realistic to think price will always hit your target or trade thru your target. I cannot tell you how many times price has hit my target (or came within 1 tick of the target) only to reverse. Usually when this happens I'll make a...

If you are new to trading, then I wouldn't start off with commodities. You'll just blow your account up. Learn to trade stocks or even forex first. Most of the same principles apply regardless of what you are trading. You just want to get experience executing in a live market.

I trade off a DOM using TradeStation and look at the ES time and sales quite closely. Especially when I'm looking for areas of potential resistance and support.

Before executing your first trade of the day, visualize what a successful trade looks like for you.

I'm looking for some snapback in the prices of the mining stocks. Personally I'm long the gold miners via a fund. Although one could also enter a spread here short gold and long the miners. http://stockcharts.com/charts/performance/perf.html?$GDM,GLD

Good stuff, seems like I've seen that video somewhere else before.

DDR I've been at the game for a while, and I still make my fair share of mistakes. Yet I'm still easily profitable. If I could eliminate all of my mistakes my profits would grow exponentially, but I'm convinced that'll never happen as I'm only human. Once you move that stop loss order you...