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Search: Posts Made By: Jedi

Forum: Psychology and Money Management

January 1st, 2012, 04:26 PM

Replies: 628

Primary source of income: how many have made it?

Views: 194,997

Posted By Jedi

I don't really like covered calls as much as...

I don't really like covered calls as much as naked puts.. The R/R is less compelling.. When the market goes down, you're still exposed pretty good.. when the market goes up, your income reward is...

Forum: Psychology and Money Management

January 1st, 2012, 04:15 PM

Replies: 628

Primary source of income: how many have made it?

Views: 194,997

Posted By Jedi

I agree that was a bad analogy..

I agree that was a bad analogy..

Forum: Psychology and Money Management

December 31st, 2011, 12:39 AM

Replies: 628

Primary source of income: how many have made it?

Views: 194,997

Posted By Jedi

"The only constant that I am reminded of each...

"The only constant that I am reminded of each week in my trading, is that how often I was wrong about what price was going to do. It happens with regularity. Even when I thought I had discounted...

Forum: Psychology and Money Management

December 30th, 2011, 05:41 PM

Replies: 628

Primary source of income: how many have made it?

Views: 194,997

Posted By Jedi

I prefer selling puts over calls because you get...

I prefer selling puts over calls because you get put the companies you choose.. That event certainly fits as a black swan which can wipe you out.

Same is true for trading. If you trade your...

Forum: Psychology and Money Management

December 30th, 2011, 05:28 PM

Replies: 628

Primary source of income: how many have made it?

Views: 194,997

Posted By Jedi

Its true you can get caught on the wrong side at...

Its true you can get caught on the wrong side at the wrong time and that's why its important not to over-leverage your margin and still know how to trade. Selling Option puts is not a substitute for...

Forum: Psychology and Money Management

December 30th, 2011, 04:34 PM

Replies: 628

Primary source of income: how many have made it?

Views: 194,997

Posted By Jedi

The bulk of my funds are tied up rt now otherwise...

The bulk of my funds are tied up rt now otherwise I would. Currently in my account size, I do better trading. If my funds were free, I would leverage the margin this way depending on your account...

Forum: Psychology and Money Management

December 20th, 2011, 06:20 PM

Replies: 628

Primary source of income: how many have made it?

Views: 194,997

Posted By Jedi

" With that idea, for those that have...

"

With that idea, for those that have size in their account and a good grasp of the market, selling equity options premium is probably the closest thing to "think like the house" as it can...

Forum: Psychology and Money Management

December 18th, 2011, 07:12 PM

Replies: 628

Primary source of income: how many have made it?

Views: 194,997

Posted By Jedi

Past PNL means something but the best way to know...

Past PNL means something but the best way to know and its a fun way too is to engage in real time.. I've always suggested a live trade room where traders can post their thoughts, levels and calls in...

Forum: Psychology and Money Management

December 16th, 2011, 01:05 AM

Replies: 628

Primary source of income: how many have made it?

Views: 194,997

Posted By Jedi

"I have to chime in now, you hit the nail on the...

"I have to chime in now, you hit the nail on the head PB, I hear people talking about reading the market in the first 30 mins but then news or this or that happens, Bammm if you were long or short...

Forum: Psychology and Money Management

December 16th, 2011, 12:40 AM

Replies: 628

Primary source of income: how many have made it?

Views: 194,997

Posted By Jedi

Paige, Please allow me again.. I agree with...

Paige,
Please allow me again.. I agree with your outlook here. The only input I have here is that when you're having a losing day, sometimes you can lose your mental edge by fearing that your losses...

Forum: Psychology and Money Management

December 16th, 2011, 12:09 AM

Replies: 628

Primary source of income: how many have made it?

Views: 194,997

Posted By Jedi

PB, I agree with you 100% but there's more to...

PB,
I agree with you 100% but there's more to this than just what I'm presenting if I'm to do it any justice at all. Its a probability game and I don't expect it to be written in stone and its...

Forum: Psychology and Money Management

December 15th, 2011, 04:55 PM

Replies: 628

Primary source of income: how many have made it?

Views: 194,997

Posted By Jedi

Thanks PB, I think the most important part of...

Thanks PB,
I think the most important part of trading is to identify the type of day we're likely to see before the structure forms and then plan accordingly, and then the ability to recognize when...

Forum: Psychology and Money Management

December 15th, 2011, 01:46 AM

Replies: 628

Primary source of income: how many have made it?

Views: 194,997

Posted By Jedi

Would love the opportunity and honor to trade...

Would love the opportunity and honor to trade with them.. I trade that way too but have not met another that trades this way. My methodology is actually very simple once you get the hang of it but...

Forum: Psychology and Money Management

December 15th, 2011, 12:58 AM

Replies: 628

Primary source of income: how many have made it?

Views: 194,997

Posted By Jedi

Init, I think you nailed it in that reply. ...

Init,
I think you nailed it in that reply. Ideally, the method is flexible enough to adjust to market conditions and the trader can recognize the various conditions to either scalp or hold, and...

Forum: Psychology and Money Management

December 14th, 2011, 11:18 PM

Replies: 628

Primary source of income: how many have made it?

Views: 194,997

Posted By Jedi

Paige, I think you're getting into trading...

Paige,
I think you're getting into trading methodology now.. To a directional trader, both the direction and the target is not a guess but a probability trade. My experience is that most traders...

Forum: Psychology and Money Management

December 13th, 2011, 12:04 AM

Replies: 628

Primary source of income: how many have made it?

Views: 194,997

Posted By Jedi

Paige, Much of it depends on how you trade. If...

Paige,
Much of it depends on how you trade. If you're a scalper, scaling in and out does not make a lot of sense because your method will likely give you buy/sell signals very fast. However, if...

Forum: Psychology and Money Management

December 12th, 2011, 10:15 PM

Replies: 628

Primary source of income: how many have made it?

Views: 194,997

Posted By Jedi

"mostly speaking to myself, traders who scale, do...

"mostly speaking to myself, traders who scale, do so STRICTLY according to their own already proven setups and patterns.... there is no IFs or BUTs or MAYBEs or I THINK I WOULD or I THINK I WON'T.......

Forum: Psychology and Money Management

December 11th, 2011, 11:40 PM

Replies: 628

Primary source of income: how many have made it?

Views: 194,997

Posted By Jedi

Scaling Out

I happen to believe in both scaling in and scaling out if you're trading size. If you're trading small, I still like scaling in but scaling out seems less optimal due to R/R. Everytime you enter a...

Forum: Psychology and Money Management

November 22nd, 2011, 10:33 PM

Replies: 628

Primary source of income: how many have made it?

Views: 194,997

Posted By Jedi

The opening trade is usually my smallest position...

The opening trade is usually my smallest position and I don't always take it for the same reason though it often positions you in a great location. I believe the psychology of trading is something...

Forum: Psychology and Money Management

November 22nd, 2011, 09:19 PM

Replies: 628

Primary source of income: how many have made it?

Views: 194,997

Posted By Jedi

I agree, I do the same. I go into the day only...

I agree, I do the same. I go into the day only with an awareness of my levels and the week's key reports. After the market opens for 5-10 min, I pretty much know all I need to know to begin my...

Forum: Psychology and Money Management

November 22nd, 2011, 06:43 PM

Replies: 628

Primary source of income: how many have made it?

Views: 194,997

Posted By Jedi

Tradegroup

Init,
This is not the easiest pursuit to make money and its not for everyone but it is fun and it is very possible. Perhaps a paltalk or skype room where traders can post their thoughts, levels and...

Forum: Psychology and Money Management

November 17th, 2011, 10:13 PM

Replies: 628

Primary source of income: how many have made it?

Views: 194,997

Posted By Jedi

PB, I agree with everything you're saying, my...

PB,
I agree with everything you're saying, my statements are meant to be general and different markets certainly exude different characteristics.. This is certainly a hard business and most traders...

Forum: Psychology and Money Management

November 17th, 2011, 08:22 PM

Replies: 628

Primary source of income: how many have made it?

Views: 194,997

Posted By Jedi

Sharing

I've shared generously many times, but have only been reciprocated by a few times by a few very good traders.. At this point, odds are slim that someone will tell me something that will alter the way...

Forum: Psychology and Money Management

November 17th, 2011, 06:23 PM

Replies: 628

Primary source of income: how many have made it?

Views: 194,997

Posted By Jedi

Methods

99.9% of the methods that are for sale will not produce a consistently profitable trader.. 99.9% of the gurus selling them are themselves not consistently profitable traders.. Its because they only...

Forum: Psychology and Money Management

November 17th, 2011, 12:32 AM

Replies: 628

Primary source of income: how many have made it?

Views: 194,997

Posted By Jedi

Trading Method

I think its a myth that great traders are very secretive about their method unless you're trading size and don't want others to ride your tail.. My experience has often been to the contrary and it...

Showing results 1 to 25 of 30

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