wuhh Nasdaq advances pretty well...hopefully aapl will tag along and stay there till market opens....

the credit is less than 0.70 but the the pot. loss is high.....worth to open this position at this ratio ?

btw, do u set stop loss and profit target for a vertical or this vertical position? since vertical is already a hedge of hedges.

They are kicking the cans down the street again:

http://www.marketwatch.com/story/senate-to...ome_latest_news

tks for the input. No money allocated yet to buy and hold as an investor due to lack of experience on finding the hidden gems and stay put based on visionary outlook of the ETFs' or stocks' . As for the ratio of day trading, it is around 70% of winnings - can last consistently for the rest of the whole year? is yet to be seen n too early to draw conclusion. As for swing trading, it's around 50% of winnings.

It's always an interesting topic between an investor and a trader especially within the circle of my experienced friends. Both also money making, depends on which path that he/she prefers to take and their suitability or hybrid. If all else fails, let the expert handle their funds or perhaps can venture into real estate physical investment? just my 2 cents.

This post has been edited by countdown: Mar 21 2013, 02:07 PM

wah...and tq.

Plan to place a stop loss but very volatile, might get stop out easily, furthermore this month is quad witching .

Accuracy is also needed in trading to increase the probability of success. We can't afford to simply select any stock to trade though. Even with the right counter, trader still need a manageable EQ to trade. Most of the traders fail bsc of not so good EQ though equipped with necessary skills.

Here goes the spiral of debate again.

For me, be it a trader or investor, as long as making a consistent average returns, it's good enough already. Am I making consistent money in trading? is yet to be seen, only started for 2 months, perhaps 70% of winnings is just a beginner's luck. If fails perhaps I would have to pick up the investor course liao or fully back to real estate .

This post has been edited by countdown: Mar 21 2013, 04:43 PM

Tks man for the link. It helps me to differentiate between expectancy and accuracy/probability. It's my fault and apology of equating the expectancy and accuracy.

Now I can calculate my expectancy :

E(Y) = (6/8 x Y) - (2/8 x 1.5Y) = 0.375Y

Wow !

However, I'm a bit confuse with his/her last paragraph:

This statement only true provided they have an inconsistent or no stop loss. Why would a trader set an inconsistent stop loss which will distort the profitability/expectancy when the accuracy is already high? Perhaps in 100 trades, 99 traded (win) with 1 contract and 1 traded (loss) with 100 contracts under the same percentage stop loss?


I would like to improve the equation above by formulating as follows:

E(Y) = [Summation(winning - losses) x Y] +/- EQ

where EQ is the emotional state of mind and it's hardly quantifiable. The EQ might be more than the summation, results in, -ve expectancy or more if they is no stop loss .

This post has been edited by countdown: Mar 21 2013, 06:32 PM

unleg Short Put frm last Fri @ 468 and close Long Put leg at later point 466........

aapl might close gap

This post has been edited by countdown: Mar 25 2013, 10:50 PM

same here...

wow....real tanking....sell at May and go away came earlier?

This post has been edited by countdown: Apr 5 2013, 09:19 PM

tks to the last minute dive of aapl before reversal, got stuck in mini bull and sideways way too long....

This post has been edited by countdown: Apr 6 2013, 11:14 AM

*deleted*

This post has been edited by countdown: Apr 8 2013, 10:28 PM

yikes, stopped out of aapl.

It was during market open on first 15 to 20mins. Bought Put but stopped out, silly me very near to yesterday support line 427. Shouldn't open in the first place, rule broken .

phew, recovered yesterday loss, long put @ 436, out @ 433.90.

speaking of him Kim Jong Un, here's a good laugh for everyone, sarcasm to the max , last part versus Psy, Gangnam Style...lol..:

Part 1:
http://www.youtube.com/watch?v=f37K0hIv3zk

Part 2:
http://www.youtube.com/watch?v=mGycPE3XdIc

Part 3:
http://www.youtube.com/watch?v=PWiT6VbVpjg

Part 4:
http://www.youtube.com/watch?v=uPOD5f6wRw4

This post has been edited by countdown: Apr 12 2013, 12:22 AM

Thanks.

Same here, bought Put @ around 432, out @ 430.....weeeeee...down the hill.

Tonight going to be interesting

GLD down the hill again...wee.......

Wah for silver

but only have a pair of hands and eyes. Trading both GLD & AAPL.

This post has been edited by countdown: Apr 15 2013, 11:21 PM