ogradymi |
Gold User, Member, Platinum User, TeleChart
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Registered User |
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Ireland. |
Electrician. |
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Male |
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Friday, December 3, 2004 |
Wednesday, July 30, 2008 8:00:16 PM |
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I would also be interested in a scan that would produce candidates for this strategy.
From what i understand this strategy calls for the stock to remain within the price range dictated by the CALL & PUT options sold at strike prices above and below the present stock price. For example if a stock is trading at 67.00 the stock would have to remain between say 60 & 75 untill the next expiration which would be 1 month away.
A starting point on this scan would be stocks that are trading laterally within a defined range eg 10 dollars. Stocks that have a propensity to trade like this for a period of at least 1 month and are priced between 50 and 100 dollars. They would have to have reasonable liduidity
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Folks,
Might I suggest some reading material.
"Come Into My Trading Room" by Dr Alexander Elder. I found it very good and it is never too far away from the PC.
If everything goes to plan his previous one "Trading For A Living" will be in my Christmas stocking on the 25th. Now there's a supportive wifey .
Neil040 good to see your post. Don't loose heart we will conquer this trading yet. It's a bit like chasing the end rainbow when I was a young fella in Sligo. The dam thing was always in the next field.
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Greetings from Ireland.
Just installed studio today. Been trading, as a hobby, and using TC2000 for about two and a half years. Embarrassed to say how little money I have made but the main thing is I am UP (30% approx). I am treating it all as if it were a collage course but it looks like it is going to be a life time of learning. Struggling with the phsycological side of it but having fun doing it. From what I can see Worden Studio suits my trading as I do fundamental analysis first (quality stocks only) and technical second. I am really looking forward to how this thread continues.
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