Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : DAYTRADING/SWINGTRADING STOCKS with INTRADAY INVESTMENTS -- Ignore unavailable to you. Want to Upgrade?

To: - who wrote (4)	5/15/2001 1:29:37 PM
From: Cormac	Read Replies (1) \| Respond to of 565

Steve - Thanks for the response...it is going to take a few reads to digest :) I think you have some idea as to my trading style...am expanding repertoire and trading vehicles. In trading equities intraday I have subscribed to the adage of being out of the market more than in With an expanded trading repertoire (different styles/time frames) and diversified trading vehicles - stocks, options and futures (do you trade futures?)...are there many instances where you are not in the market (in some time frame and/or vehicle) and or have you any defined parameters in this regard...(for the sake of discussion let us assume that you have the discipline to not overtrade - and will not trade just for the sake of trading)...there is a question in there somewhere Cormac

To: - who wrote (4)	5/15/2001 9:41:20 PM
From: Dan Duchardt	Read Replies (2) \| Respond to of 565

Steve, Thought I would post to let you know of my interest in your new thread, and potentially in your service. Appreciate your reply to Cormac. I was especially interested in your comments on options. We like to sell Premium I like that thought!!! I've been dabbling with some collars the last couple of weeks on QQQ and some volatile Nas issues. Today I was short JNPR MAY50 going into the FOMC thinking a cut of anything less than 75 bp would not drive the market up, and anything less than 50 would surely bring it down. While time seems to be proving that true, I sure got fooled by the uptrend after the initial pop and sell down. My "stop" plan was to roll out to the JUN50 and collect more premium, which I did for an extra $3.40 on the exchange, and cover the call with stock when I wanted to be "neutral". I managed to stay short naked calls for about a quarter of the sell off, but covered too soon and rode it down. Hindsight is always perfect. Looking forward I will trade the stock to create a net short call or simple covered call to hopefully improve my basis, and look for a good entry on a short put if it looks like a bottom. For now I am focused on using the stock to bias my net position long or short; my hope is to use the stock to at least protect the time premium collected. The advantage of using the stock instead of jockeying for position with the options is the tighter spreads and high liquidity. I've thought of using options to limit the downside and maybe even lock in some profit, but have not yet resorted to combined bullish/bearish spreads. I would be interested in seeing any examples you might care to post of your trades along these lines. Thanks for the thread.. and good luck in your new venture. Dan