Re: [TheOptionClub.com] I am hurt

 

The Sheridan video you are looking for is here:

http://video.theoptionclub.com/finding-an-iron-condor-that-is-right-for-you.html

Good luck.

RFH

--- In OptionClub@yahoogroups.com, "Jim Ranum" <amt2100@...> wrote:
>
> Hi Paul,
>
>
>
> I don't remember which video, but yes, insurance. He mentions that several
> times in various vid's. And yes, I was too late for "insurance" per se, and
> I was indeed paralyzed as you mentioned but if I had been educated about
> insurance in these kind of trades, I would have either had it on in the
> first place (I'm sure I would have given the out-of-control volatility) or
> thought of putting it on after the gap up and captured the continuing move
> up after the gap, lessening my loss.
>
> It was a brutal way to learn, but that one trade taught me more than
> everything I encountered in that SpreadTrade outfit. Believe me, they never
> discussed insurance methods on a condor.
>
> But hey, it's Sunday afternoon. Time for a margarita and jump in the pool.
>
> I'm expecting good upward movement this week.
>
>
>
> Jim
>
>
>
> From: OptionClub@yahoogroups.com [mailto:OptionClub@yahoogroups.com] On
> Behalf Of Jack
> Sent: Sunday, June 13, 2010 1:35 PM
> To: OptionClub@yahoogroups.com
> Subject: RE: [TheOptionClub.com] I am hurt
>
>
>
>
>
> Could you elaborate on the Sheridan video?
>
>
>
> Did he mean to buy a couple extra calls/puts for insurance?
>
>
>
> I can see where that would help. However, if I wait until the underlying
> 'runs away', it is not going to do me any good. L
>
>
>
> I suspect many of us have had a similar situation where a position goes
> against us. I know I usually get panicked/frozen and don't know what to do.
> Conversely, I would not know how to help you when you asked for it.
>
>
>
> Paul,
>
>
>
> Looking for a way to make money? I have a friend that writes credit spreads
> on the OEX weeklies. OTM, not good risk/reward ratio BUT only has to wait a
> week. L. I tried it and my first couple of trades ran against me - big
> time, almost max loss. L I decided I did not like those big equity swings.
>
>
>
>
> From: OptionClub@yahoogroups.com [mailto:OptionClub@yahoogroups.com] On
> Behalf Of Jim Ranum
> Sent: Sunday, June 13, 2010 11:06 AM
> To: OptionClub@yahoogroups.com
> Subject: RE: [TheOptionClub.com] I am hurt
>
>
>
>
>
> Hey Paul,
>
>
>
> You might as well stay here. Going to another list will be the same thing.
> It's the nature of the Internet. Whatever mood someone is in, they'll fire
> off on you, because there's no real accountability. You can pick up good
> info here, over time.
>
> I posted a question about an Iron Condor that ran way outside both short and
> long strikes awhile back, looking for ANY kind of thoughts and no one even
> bothered to respond. Then I'm watching a Sheridan video and he mentions
> throwing 1 or 2 long calls (or puts) on top and you go from losing thousands
> to losing hundreds. So f&^#'ing simple and yet I didn't think of it at the
> time. But did any of the 2 dozen+ people on here that was obvious to bother
> to mention it? Heck no. But, I've seen threads here where people have held
> someone's hand through days and days of assistance on some basic and some
> pretty advanced trades. It's "like a box of chocolates."
>
>
>
> Just hang in there. Go slow and be patient. Watch every free video out there
> and be VERY cautious before buying anyone's courses.
>
> As for this or any other list like it, bottom line is, the day you post your
> question, you just have to hope that someone is feeling generous that day
> and isn't in a pissy mood thinking "Ha, no one helped me with that Iron
> Condor I lost thousands of dollars on, screw him."
>
>
>
>
>
> From: OptionClub@yahoogroups.com [mailto:OptionClub@yahoogroups.com] On
> Behalf Of paul7313
> Sent: Sunday, June 13, 2010 10:23 AM
> To: OptionClub@yahoogroups.com
> Subject: [TheOptionClub.com] I am hurt
>
>
>
>
>
> I know I am not very smart- that is why I ask questions about how to trade
> options for profit. I already know how to lose.
>
> I ask and get answers, sometimes the answers work and sometimes they don't.
> I ask again- get new answers. etc.
>
> Seems there is no one way to trade. I want one that I can do- profit
> consistantly and lose seldom.
>
> I know it must be annoying to answer my questions by people who have option
> trading down but isn't that what this group for? to learn how to trade
> options without losing it all?
>
> If my questions are too annoying, maybe I will have to seek answers
> elsewhere.
>

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