Recent content by drcha

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    IS this Karen Supertrader story legit?

    Lloydbee, how do you know those days are gone? We just had a flash crash. And a CME crash. Maybe 1987 will never happen again, but we do not truly know that. I am not out to be confrontational or to prove anyone right or wrong, only to point out to others on this forum who may be...
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    IS this Karen Supertrader story legit?

    Doing this with any size is dangerous. If 1987 happens again, people who do this stuff will be wiped out. With unlimited risk trades, the trader could owe the broker more than the account liquidity, and be sued or garnished for the rest. In any case, there are better methods.
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    Stop Losses

    using ATR I use 2*ATR(20) as a stop for long positions. If the average of ATR over the past 20 days is way out of line for some reason (e.g. merger/acquisition) then I use a value that is consistent with the past average for the security. Incidentally, I risk 1% per position on stocks or...
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    One Shot Condors

    choosing strikes Hi, Lucky, I like your picks. Smart to avoid earnings. How do you choose the width of your condors? Do you use standard deviation, ATR, or...? thanks Mary
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    need help please with vertical spread

    I posted this in the newbies forum, but did not get any responses. Can someone please help a newbie? I'm reading about put credit spreads. I have the same question, both before expiration and at expiration. Before expiration: Suppose that I sell a one-month put spread a couple of strikes...
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    Looking for help with vertical spread

    It's great to have a forum for newbies. I'm reading about put credit spreads. I have the same question, both before expiration and at expiration. Before expiration: Suppose that I sell a one-month put spread a couple of strikes below the current price, hoping to keep the premium. I sell...
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