xjo weekend zoomba lounge, page-196

Caylus
As I said im my post...I am not an expert and it is my own opinion...

When I refer to "margin lending" I guess I am referring to borrowed money and then trading with those funds...Like buying a house.

What interests me about Options trading is my simple view of puts and calls as a tool to maximise returns on small underlying share price movement using volatiltiy as a leveraging tool. The Greeks don't even affect my strategy as I am generally intraday, overnight or in the case of my current trades...over the weekend.

I use the VIX purely as a sentiment guage not as a TA tool as such....If the McDonalds hamburger line index provided this basic information, I would use that....

My strategy is simple and I prefer to keep it that way so I can manage up to 30 trades a month comforably...

With my strategy, I am only looking for a 3 - 4% swing plus market Volatility to maximise my gain which in some cases can be 100% in a few hours per trade. Mostly I am out at 20 - 40% before the swing moves against me....

I compare what I am doing to day trading spec stocks with regard to the view of the trade....

I am currently only trading a mix of 8 different bluechips which are closest to the xjo movement which is why I like this thread and the TA you guys provide. It gives me technical view of what the herd are doing...(I do not consider that any of the contributors are the herd)

I find the more information you apply to a decision to place a trade, the less reactive you become and therefore my strategy would be useless as the swing would have been and gone before I made a decision....

I prefer to keep it as simple as possible.....

I don't think there are too many traders using my strategy?

I appreciate your candid response and honesty...