Recent content by Snoopy80

Hi GoCubs23, I am in your position. In fact today is my last day...I am taking an extended unpaid leave and I am 99% certain I will not be returning back to work. I used to have the same doubts as you do, my best advice is to not let other people's need for purpose or what not effect your...

Yes Rothman, it's passive for the most part. I check the positions a couple of times a day. I execute the trades manually, gives me more of a feeling of control...I guess I am not comfortable with automated trading rules.

Yes Gauss you are right, the flash crash is always a possibility. In this regard all systems are at risk of massive losses, selling naked doesn't inherently have greater risk (assuming you are not over-leveraged). When selling naked I give up high returns for consistency, therefore I only use...

Hi Rothman, When selling naked I leave a lot of margin as 'dry powder', this enables me to adjust and fix positions to changing market conditions. As long as I am not over-leveraged (using excessive margin) I can control my risk. Of course, I will have to give up some of my profit if too many...

Err...okay. Thanks.

I have tried to make money by buying options and have failed, but if someone tells that they have been able to do that for several years....I would not respond by saying 'no, it cannot be done'. A more accurate statement would be 'I cannot make money buying options.' So...when you have no...

Hey, No man..it's no secret. I just sell options on futures. The reason is that futures use SPAN margin and for the same % return you use less margin than say selling options on stocks. I don't want to give out any figures but, since 2007 the range has been between 5% and 35%, with the average...

A ridiculous statement since you are not familiar with everyone's system on this planet. Regardless of that snafu...if the spirit of your statement is that there are no guarantees in the market, you are right and I spend most of my time focusing on risk management to get me through the rough...

Thank you all for your advice. :) I've talked to my manager and will be taking the month of July off and will re-evaluate my situation. Perhaps all I need is some time off to recharge and comeback. But, I am secretly hoping I don't. Either way...thank you all for your responses!!

Yes Gumby, thanks for that explanation. I never thought about it being perceived that way...but thanks for the clarification.

This...and on products that use SPAN margin...and naked if you are comfortable doing that.Or spreads are fine too...but SPAN margin is the biggie.

Thank you Midpack, This helped clear things up a bit.

Oh no, can't do that. I am well aware of how the community views traders. We already have one, on this thread, with a bag of popcorn and a kitty with the gift of sarcasm! :) So, how does one avoid the 'One More Year' syndrome?

Thanks for the reply, I am not depressed...just confused and kinda in a funk because I seem to have a lot of fear about the unknown. I'd like to spend more time with my father and travel with him especially since he had a heart attack a few years ago, this was something I have been planning to...

Hi Bestwifeever...that is quiet a name! Yes, you are right...but that would take a couple of more years...and things at work are going from bad to worse. I am not sure if I can hang in there for 2 more years...the only reason(s) I am still working is because I feel like I owe my team something...