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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: F Robert Simms who wrote (4467)	9/23/1998 10:00:00 AM
From: Darth Trader	Read Replies (1) \| Respond to of 44573

I probably should be paper trading a lot of old timers would say that youz be better off in the long run if youd had lost.

To: F Robert Simms who wrote (4467)	9/23/1998 12:04:00 PM
From: Patrick Slevin	Read Replies (4) \| Respond to of 44573

It's not easy to paper trade options as your fill won't necessarily reflect reality. I once had a put run from 8 to 29 very quickly. Selling when it came down to 24 I was filled at 12 and it bounced (slowly, this time) to around 16 or 18. Had I been paper trading I might have marked myself to market as a fill at 20, perhaps. If you will be trading options you should know more about them....try a book called "Option Volatility & Pricing"...the author is Natenburg. Schwab probably would not process it because they can't....I would imagine they don't get enough people trading it to pay the costs of using another firm to make the trade. Just a guess. Personally, I would suggest you don't trade any options through Schwab. Tell me, for example, on a market order how long does it take to get a fill? It should be less than a minute.