Answer the Bell: daily execution isn't always glamorous and some days isn't fun. Keep stepping up to the challenge and you'll succeed. Persistence and learning differentiate winners and losers over the long term.
@XL127 I'm still learning but this looks to me like a textbook head and shoulders pattern, whats your take?
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XL127 Feb 14, 16 4:48 PM
I am not great at technical analysis. I recommend Tim Knight at slopeofhope.com. He has a 15 min show on tasty trade that I watch daily where he looks at trends via charts. Hope the resource is helpful.
loot Feb 14, 16 5:03 PM
Thanks, I asked since you have been shorting SPX and thought this would be a strong indication to do so yet again. This is the trace I am currently researching.
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XL127 Feb 14, 16 10:13 PM
I've been focusing on staying out 7%. The short position was more an event where I didn't follow my rule than actively choosing to be short. Wish I could take more credit for insight/foresight. Overall the trend is bearish....my current positions are actually long SPX but only to about 2,000. You'll like Tim Knight's perspective on shorting market...he is sort of a perma-bear. Take care.
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@timothysykes Really great job on Steve Harvey interview. The genuine approach of talking about making money and finding purpose at the same time will help a lot of people.
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timothysykes Jan 30, 16 11:33 AM
Thx!
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encino Oct 01, 15 1:07 AM
@Matroskin index options for the S&P - http://www.cboe.com/micro/spx/introduction.aspx
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hammadshahir Oct 01, 15 1:53 AM
I trade SPY instead of SPX and also I trade liquid stocks such as Goog, IBM, MSFT, NFLX, BIDU etc. Yes, selling credit spreads is great tool to generate almost constant income.
XL127 Oct 01, 15 5:53 PM
Agreed.
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historepeats Oct 04, 15 11:48 AM
@XL127 , Just wanted to say thanks for taking the time to posting the suggestion to watching Karen. It has taken me to find out about Dough TV and Tasty Trader. More importantly, showing me the right way to trade options. Buying calls and puts is enough to make anyone quit trying. Thanks again.
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@XL127 The next time you by an option can you post it here so I can get a better understanding of when and why? You seem to have a system that works pretty good. Thanks for any help you can give me. P.S.- I have watched plenty of TastyTrades. Still a ton to learn. :)
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Deanomite Sep 02, 15 9:39 PM
Thanks for the info. I have been wanting to learn more about options first hand. I have been looking but I cant find a price Im comfortable with.
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XL127 Sep 02, 15 10:19 PM
A couple recommendations: TastyTrade is a great resource and I would paper trade or start very small until you get more comfortable. TD Ameritrade has great tools and alternatives for paper trading. Depending on your approach, it can be risky/complex. Best of luck to you.
timothysykes Sep 03, 15 9:42 AM
NICE JOB!
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CreamTv Jul 31, 15 10:37 PM
you have the B/P to make this much from this high priced stock but nice job tho!
XL127 Aug 01, 15 12:12 AM
Thanks
grnbrt5150 Feb 07, 16 11:43 AM
@HoneyBadgerTrading I need to learn options too. Good job SMDM!
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