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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study!

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To: David Wright who wrote (10656)5/8/1999 3:58:00 PM
From: jebj  Read Replies (1) of 14162
 
>Also, one minute feed for daytrading isn't quick enough to beat the MM's. IQC's real-time feed is also 1 minute, but it updates instantly to current if you whop the recalc button. Top that off with a trade by trade streamer, instant execution, perfect psychological profile, $500,000 minimum..and you probably won't get skinned too badly daytrading. Lots of fun , though. - DW

Are you suggesting using the MACD in place of the RSI, David? Will take a look see.

As for one minute - agree with your above but the tick by tick does not put enought time period on the screen to follow the trends and I am only using real time, not level II. Also, the IRT program gives me each tick in red or green as well as each change in bid/ask along with the rest of the "normal" charting. Since one can not "daytrade" options like one would stocks - way too much lag time in option prices moving ref. the stock - the one minute seems to work well overall but I am still experimenting so any suggestions are welcome.

As for the $500,000.00 account - if I had it I would move to the islands and follow Herm's LEAPS/CC's way of doing things! :)

jb

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