gupo12345

@Bender24_ Hey dude i want to ask you some questions can you pls add me on skype : gupo123 tks see u

Bender24_
1
Bender24_ Apr 30, 16 7:55 AM

Paper trade with fake money before doing it for real, you can learn from mistakes without losing a penny.

DeDave32
DeDave32 Mar 20, 17 1:05 PM

Who would you recommend for paper trade account??

Bender24_
Bender24_ Mar 26, 17 9:28 AM

@daviddolan66 I like TD Ameritrade's Think or Swim platform. Allows for both live and paper trading.

DeDave32
DeDave32 Mar 26, 17 9:43 AM

Thanks for the reply. Yes iv opened a TD Ameritrade account and Il be paper trading from tomorrow. Iv been watching Tim Sykes DVDs and doing theory now for the past few months. I think its about time I got my feet wet and jump in there. Thanks.

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bhaywoo1

@Bender24_ when tim says wait for red day before shorting does he mean close as a red day or wait for the stock the go in the red period

bhaywoo1
bhaywoo1 Mar 05, 15 3:56 PM

So you own 100 shares of a specific stock and then you write an option hoping that the option buyer fails? Am I correct in that assessment?

Bender24_
1
Bender24_ Mar 05, 15 5:55 PM

Or I don't own any stock but have the cash to write cash-backed puts, if assigned, write covered calls on the shares until shares are taken away...rinse repeat

bhaywoo1
bhaywoo1 Mar 05, 15 5:57 PM

So you're buying the pit not selling the put?

Bender24_
Bender24_ Mar 05, 15 6:31 PM

I'm selling the put, but with enough money that if assigned shares I can have enough to buy them, then I sell calls.

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Bender24_

@Bender24_ welcomes you to their trader wall!

bhaywoo1
bhaywoo1 Feb 21, 15 11:36 PM

ok i see. can you adjust them on the fly once they have been placed if the strategy calls for it

Bender24_
1
Bender24_ Feb 22, 15 4:58 PM

As long as they haven't executed yet, then yes, I can and normally do adjust. I place weekly trades in Sunday evening and re-evaluate Monday premarket.

bhaywoo1
bhaywoo1 Feb 22, 15 8:48 PM

thanks. BTW I started following you

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