Market Outlook

[james_gsx]

Guys, let's leave the Ronin bashing to his own journal thread. If you don't believe him, just ignore him

So far my puts are up over 100%, thinking about taking a little off the top here.

[MC]

	Quote:	james_gsx
	Guys, let's leave the Ronin bashing to his own journal thread. If you don't believe him, just ignore him So far my puts are up over 100%, thinking about taking a little off the top here.

Sure they are...prove it. J/K

Nice trade James.

[james_gsx]

I figured you guys didn't need to know how much money I had in the trade, but here ya go

[MC]

	Quote:	james_gsx
	I figured you guys didn't need to know how much money I had in the trade, but here ya go

LOL proof is always welcomed but not needed...I know who I believe and who I don't.

You know I was joking but thanks for the screen shot, I envy that and someday soon I hope to have a few of those captures myself.

[MC]

	Quote:	james_gsx
	I figured you guys didn't need to know how much money I had in the trade, but here ya go

LOL proof is always welcomed but not needed...I know who I believe and who I don't.

You know I was joking but thanks for the screen shot, I envy that and someday soon I hope to have a few of those captures myself.

[james_gsx]

Oh, I knew you were joking. I just threw it up to show that if you follow your plan you can come away with good trades. It's not too difficult with options when you get volatility like this. I prefer swing trading options for two reaons:

1 - I know much I can lose, therefore I feel like I have a better control for risk management.
2 - There are several strategies that you can utilize to make the most out of a trade.

I am happy with the gain, but at the end of the day it's just a winning trade. I am more proud of the fact that I was able to stay flexible and take advantage of what I saw on the charts instead of having a specific bias and missing an opportunity.