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.

Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: AlienTech who wrote (21535)	11/19/1998 5:15:00 PM
From: Coz	Read Replies (1) \| Respond to of 50167

Amen AT, After the mess in October, I think we might have to call him Saint IQ! He saved me too, brother. :o) Coz

To: AlienTech who wrote (21535)	11/20/1998 3:29:00 AM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

Steve Browser AT and Cosmo-- Thanks for this kind message, I will post the details tomorrow over weekend on the thread, it is a basically a inter index trade where I am trying to take benefit of big rallies on some indexes with reluctance of others to follow- that is sell naked calls on suppose X index and covering the exposure with a long call of different index like SPZ..the other part of the trade is to match the minute movements of indexes like I mentioned yesterday NDX if you remember notice my post of '1439' break it will test 1432- to notice these small moves which I picked up seven of them in my 'refresher course' yesterday 5 were in the right direction and try to sell the calls on stocks which constitutes the back bone of these indexes and work on volume and cover towards the end, making at the most 1/4 or 1/2 I also try MACD and Stochatics analysis for short term trend and for like last trade had sold 1580 calls for DEC and bought 1520 on break of 1539.60 and covered them at 1433, now these type of things are highly sensitive highly risky and one needs to follow 5 minute chart like a hawk last thing is just get out if your points are violasted, the pros are it makes you a good trader, it helps you to bring good discipline and if your MACD and Stochastics short term is good you will have a great trade intra day since you are not a part of herd on SPZ where you tend to loose a lot more because of volatile nature of the market these trades are very nimble and very profitable, one very important point is that inevitably SPZ traders have to worry about what pits plans are in a market driven by fears, they can run stops on 1155 and 1128 all in a day, one should realise the difference between the real selling and when the prem is at (futures)discount to cash that is the point of reversal most of the time 8 out of 10 and I see indexes like IIX BKX and NDX alongwith SOX can be easily trades on back of those reversals and prem premiums or discounts as the case may be it has to be in line and if it is out of line one needs to take notice. One knows that DOW is stagnanat but SOX is moving so on expiry like Fridays one can sell some DOW related calls and buy SOX related instruments, DOW and Composite differential was so huge yesterday and that was the thing to capitalise it is things like this and total inability of many a people to take advantage that I feel markets are least exploited 'no books' will ever give me this kind of appraoch, it is most interesting to trade SPZ'z at suports and resistances at SPZ support or resistance of 1055 where we did see a lot of initial difficulties breaking it one can play a inter rleated index trade with a short life span.. To be honest I am told by private messages that some of my trades are highly technical and have names and are used as tools but I have over a period learnt these skills like 'locals' of Chicago but with my overall understanding of global markets Iam little more lethal in execution, it is for this reason when I post my levels they are met, I know in the hearts of heart people get surprise yeaterday my level was 1550 on NDX we retraced exactly from their. So it all helps I will one of these days as my popularity increase ggg become a teacher to help people make money but right now I am a learner and hope that these techniques become common knowledge..on overall exposure about over all decline of the market one can always hedge his or her exposure by selling 10 to 15% calls outside the money and buy 5% out of themoney puts although in trending markets like this I would do it only on break of 20 days MA to cover at 50 days ma but some guys may like this when everyone is looking at a fall... I hope I am clear and would certainly help if more info is required. The reason I told Steve that I write him Pm was only because he showed an interest and requested politely.. I try to avoid posting some of my trades for simple reason that due to high risk and comlications I would hate to see someone stuck upo wth them.. I try to plain vanilla stuff here..