My Life My Trade

MLMT, is it better to trade stock or options with limited capital. I see Waffle always trading futures and holding a cigar all the time, its the same cigar he is using.

Did you mean to say that you see Waffle in person.. good to trade in pairs .. it can help I heard.

Regarding stocks or options - it is completely up to you. One advantage with options I see is that you can get a cash account and day-trade options.. With small money (less than $25k), if you have margin account, you are limited to 3 day trades per 5 business days OR if you have cash account, then it takes 3 days for trades to settle. With options in a cash account, the trades settle the same day so you can day-trade every day. In choppy markets like the ones we see today, day trading seems to be the best strategy.

Other than that, options versus stocks - you got to understand that options have time decay associated with them. Some say options are higher risk.. I don't necessarily agree.. What is risky and what is not depends not on the instrument, but on the player. If you manage your risk properly, then options are better.. but with options you can very easily blow up your account.

About Waffle's avator just making fun. Waffle's strategy is good too in futures. low amount and out.

Did not know that u are desi. Basxxxd guy, harminder. Hope u heard the joke, it was a funny joke back in 2002

I am sure I must have heard the joke.. just don't remember it. Feel free to email me the joke or a pointer on the web to mylifemytrade AT yahoo's email service.

Since you follow gold, I thought I'd share this chart:

http://stockcharts.com/h-sc/ui?s=$spx:gld

$SPX to GLD ratio. It strikes me that we're hitting the top of a channel with today's action.

I like all charts AG,

Good work. clean charts. Also your holdings are good.

Thanks TW - I see that you had a green day today. Good move closing out those NQ shorts. I am happy that you bagged some dough today. I keep looking to see if you closed a trade successfully each day. If you don't, then you will get a good ass kicking from me. So, be disciplined and patient... and don't force your trades.. . I got your cell phone.. you will hear it from me apna desi gawti istyle..

As for the holdings, they are all nicely in red. I will be patient though. I think tomorrow EOD we will see a RBD just like the GBD from May 29th. Today was a massive bull trap. The news flow is getting bad. Sentiment is worsening. This was just a move up by MMs to sell to the crazy folks.