Tuesday, June 15, 2010

Re: [TheOptionClub.com] A decision what to do with RIG?

 

More directly it is a state-of-the-art trading platform that you can download and use without ever funding an account.



From: Kim Blake <kblake@rogers.com>
To: OptionClub@yahoogroups.com
Sent: Tue, June 15, 2010 10:09:10 AM
Subject: Re: [TheOptionClub.com] A decision what to do with RIG?

 

It is an acronym for "Think or Swim" apparently a trading site which I do not use.

From: chickbull
Sent: Monday, June 14, 2010 5:02 PM
Subject: Re: [TheOptionClub. com] A decision what to do with RIG?

 

excuse my lack of knowledge, but what are "tos"?

--- In OptionClub@yahoogro ups.com, Adam Green <adam.cell.phone@ ...> wrote:
>
> On Mon, Jun 14, 2010 at 10:50 AM, Meuter Gisbert <gismeu@...> wrote:
>
> >
> >
> > Well,
> >
> > my first step would be in trying to make a forecast of RIG.
> > And based on that forecast I would act accordingly.
> > If you see no up move longer term, then remember, cash is a position as
> > well
> >
>
> I agree. Have a plan for specific price events (of the position and of the
> underlying.)
>
> If it were my position, I'd use tos to determine the price action (based on
> historical data) over the course of Thursday to the close, Friday open,
> Friday mid-morning and Friday into the close. I think you'll be quite
> impressed to see the profit potential from trading out of the position at
> the right time. It might be easier to simply look at the straddle on a one
> minute chart from say Wednesday at the open to any given expiration Friday
> to the close.
>
> As a matter of strategy, I'd discourage rolling a profitable position --
> unless the position you're rolling into is actually a desirable new trade to
> open. Some traders (myself included) tend to get "into" trading, say GOOG
> and BIDU, and just keep opening new positions, rolling vertically or
> horizontally, etc. I do this, but I don't think it's smart -- it's
> seemingly logically impossible that the best trade available to me is always
> in the same tickers. It's a habit I'm planning on kicking.
>

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