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Weekly Option Trader


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Weekly Option Trader

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  #221 (permalink)
AU
 
Experience: Beginner
Platform: NinjaTrader
Broker: IB
Trading: Futures, Forex
 
Posts: 4 since Aug 2010
Thanks: 17 given, 4 received

Hi @Vikings1, it was beneficial to read your trading journal and your unselfishness in sharing, showing and discussing your trades is to be cherished. Please keep posting at least one chart highlighting the entries , I am sure many quiet aspiring traders as myself are learning and picking up thinks looking at them and reinforcing in the same time the belief that a rules based system works and will help you succeed if you apply them every time you get the signal.....I remember Todd Brown saying about an ROE (Rules Of Engagement) System:"It's the signal, it's the signal, it's the signal"

Thank you and hope seeing you here again!

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  #222 (permalink)
Minneapolis, MN, USA
 
Experience: Master
Platform: ninjatrader, TOS
Trading: Weekly Options
 
Vikings1's Avatar
 
Posts: 188 since Oct 2011
Thanks: 26 given, 409 received

Thank you for the fine comments. I'll think about it, but I doubt I will be back. I did a test recently where I gave 12 people all my set-ups for free. Only (1/3) are using them and they are doing VERY well, the other (2/3) I guess are still looking for the "Magic 8-Ball". So you can't even please people when you GIVE them something for FREE!!! Really Amazing!

Take care Faux....





Faux View Post
Hi @Vikings1, it was beneficial to read your trading journal and your unselfishness in sharing, showing and discussing your trades is to be cherished. Please keep posting at least one chart highlighting the entries , I am sure many quiet aspiring traders as myself are learning and picking up thinks looking at them and reinforcing in the same time the belief that a rules based system works and will help you succeed if you apply them every time you get the signal.....I remember Todd Brown saying about an ROE (Rules Of Engagement) System:"It's the signal, it's the signal, it's the signal"

Thank you and hope seeing you here again!


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  #223 (permalink)
AU
 
Experience: Beginner
Platform: NinjaTrader
Broker: IB
Trading: Futures, Forex
 
Posts: 4 since Aug 2010
Thanks: 17 given, 4 received



Vikings1 View Post
Thank you for the fine comments. I'll think about it, but I doubt I will be back. I did a test recently where I gave 12 people all my set-ups for free. Only (1/3) are using them and they are doing VERY well, the other (2/3) I guess are still looking for the "Magic 8-Ball". So you can't even please people when you GIVE them something for FREE!!! Really Amazing!

Take care Faux....

Hi @Vikings1, this was a great test you've done! And that 1/3 (4) of people you helped if they will be willing to do the same as you've done (great hearts to share and spread the good) will make each of them another 1/3 (4) of people happy, in total 16 and so on.......
And if you take another group of 12.......you get my point, you will make tons of people happy......and you will be the One who started that pyramid.........as Mike is the head of this excellent forum and made a lot of people happy and gave a lot of them (speaking for myself first ) a way to went and heal their frustration on the difficult path to find a strategy or idea who they can apply to their own personality.........

In that regard, my guess is that the other 2/3 (8) people are grateful to you for sharing your system with them, but their own personality did not match the system and they could not pass the psychological barrier of trusting the signals and taking action.........so they have to search to find the system that will match them.....and this is a long journey.......some of us will give up and find another path in life than becoming a trader......some will succeed and will always have you in their heart for being unselfish and helping them out.....

I wanted to thank you again for this great journal you started as many aspiring traders will find nuggets of inspiration and learn something out of it........and wish you luck !

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  #224 (permalink)
Des Moines, Iowa
 
Experience: None
Platform: Ninja, TOS
Broker: AMP/CQG, TOS
Trading: CL, TF, GC
 
madLyfe's Avatar
 
Posts: 1,644 since Feb 2011
Thanks: 9,220 given, 1,015 received


Vikings1 View Post
Thank you for the fine comments. I'll think about it, but I doubt I will be back. I did a test recently where I gave 12 people all my set-ups for free. Only (1/3) are using them and they are doing VERY well, the other (2/3) I guess are still looking for the "Magic 8-Ball". So you can't even please people when you GIVE them something for FREE!!! Really Amazing!

Take care Faux....

some ppl follow who dont post.. i dont even trade options, but i did and quit when weeklies were starting to catch on so i still subscribe to your thread.. that said, did you really stop posting because ppl arnt following your system?

dont believe anything you hear and only half of what you see

\_(ツ)_/

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  #225 (permalink)
Minneapolis, MN, USA
 
Experience: Master
Platform: ninjatrader, TOS
Trading: Weekly Options
 
Vikings1's Avatar
 
Posts: 188 since Oct 2011
Thanks: 26 given, 409 received

Take care and good luck to you too...


Faux View Post
Hi @Vikings1, this was a great test you've done! And that 1/3 (4) of people you helped if they will be willing to do the same as you've done (great hearts to share and spread the good) will make each of them another 1/3 (4) of people happy, in total 16 and so on.......
And if you take another group of 12.......you get my point, you will make tons of people happy......and you will be the One who started that pyramid.........as Mike is the head of this excellent forum and made a lot of people happy and gave a lot of them (speaking for myself first ) a way to went and heal their frustration on the difficult path to find a strategy or idea who they can apply to their own personality.........

In that regard, my guess is that the other 2/3 (8) people are grateful to you for sharing your system with them, but their own personality did not match the system and they could not pass the psychological barrier of trusting the signals and taking action.........so they have to search to find the system that will match them.....and this is a long journey.......some of us will give up and find another path in life than becoming a trader......some will succeed and will always have you in their heart for being unselfish and helping them out.....

I wanted to thank you again for this great journal you started as many aspiring traders will find nuggets of inspiration and learn something out of it........and wish you luck !


Follow me on Twitter Visit my futures io Trade Journal
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  #226 (permalink)
Minneapolis, MN, USA
 
Experience: Master
Platform: ninjatrader, TOS
Trading: Weekly Options
 
Vikings1's Avatar
 
Posts: 188 since Oct 2011
Thanks: 26 given, 409 received

Nope, I quit for completely different reasons. But I did the experiment to prove something to myself and unfortunately I wasn't let down.


madLyfe View Post
some ppl follow who dont post.. i dont even trade options, but i did and quit when weeklies were starting to catch on so i still subscribe to your thread.. that said, did you really stop posting because ppl arnt following your system?


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  #227 (permalink)
Columbus, OH
 
Experience: Advanced
Platform: TOS
Trading: options
 
theoptionguru's Avatar
 
Posts: 11 since Sep 2012

Well, Vikings1, this is pretty interesting. I've read through most of this thread and I'm going to give it a try using my own intra-day trade indicators (if you don't mind). Thanks again. I will let you know how it worked out for me.

 
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  #228 (permalink)
Site Administrator
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On Wednesday, October 10th @ 4:30 PM Eastern US, Carley Garner will be presenting a webinar on futures.io (formerly BMT) which covers Options Trading (specifically Futures, but it will be a broad overview). I've asked Carley to put together a multi-part webinar, so this is Part 1 and will just be "Basics - 101".

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  #229 (permalink)
Dallas, TX, USA
 
Experience: Intermediate
Platform: NinjaTrader, T4
Broker: IQFeed
Trading: 6E
 
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Posts: 358 since Oct 2009
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@Vikings1

You showed people just another of the myriad ways that trading can be approached. I'm not using the things you specifically taught/showed, but I can tell you that you opened my eyes to a variety of things and ways of thinking that has been an important part of my growth as a trader.

What you shared, regardless of what you may have seen in actual responses and the following of your method, is priceless, and has benefited me as I'm sure it has others.

Thank you for sharing here.

-AT

"Is it hard? Not if you have the right attitude. It's having the right attitude that's hard." - Robert Pirsig
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  #230 (permalink)
Minneapolis, MN, USA
 
Experience: Master
Platform: ninjatrader, TOS
Trading: Weekly Options
 
Vikings1's Avatar
 
Posts: 188 since Oct 2011
Thanks: 26 given, 409 received


Thank you AT,

My goal all along was to make something simple and at the same time be able to protect your back side if the trade goes against you; (as this business is ALL about money management).

There are numerous set-ups in this site which I am sure most will make you money if you stick to their various trading rules; (another area traders seem to have difficulties doing).

Anyhow, my rules are simple:

Red "down" line, red candle, buy the break of the low of that candle.
Green "up" line, blue candle, buy the break of the high of that candle.

GET OUT WHEN THE TRAILING STOP IS BROKEN: (white dashes)

NOTE: Potential profit targets would be major ones, like pivots and such.

Take care and good trading.

V







AttitudeTrader View Post
@Vikings1

You showed people just another of the myriad ways that trading can be approached. I'm not using the things you specifically taught/showed, but I can tell you that you opened my eyes to a variety of things and ways of thinking that has been an important part of my growth as a trader.

What you shared, regardless of what you may have seen in actual responses and the following of your method, is priceless, and has benefited me as I'm sure it has others.

Thank you for sharing here.

-AT


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December 18, 2012


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