Post
Experience Project iOS Android Apps | Download EP for your Mobile Device

I Trade Futures From Home to Make a Living

Personal Stories, Advice, and Support 31 People

    OPTIONS IX: every which way

    but loose. You should know from my previous posts that there are only 2 kinds of options...put and call...and that they can only be bought or sold. I opened a position selling puts a couple weeks ago. This dares someone to put stock to me until next Friday for an $8 price. So...
    freeed freeed 66-70, M 5 Responses Jan 11, 2015

    Your Response

    Cancel

    What Goes Up Must Come Down (iv)

    Fourth in the silver investing series, WHAT to do when the market declines? Silver was near $50 a little bit ago and last week settled to low $30s [good thing i unwound the call option postions, eh? They'd have lost]. A big move devastating to any one just holding silver physical...
    freeed freeed 66-70, M 2 Responses May 16, 2011

    Your Response

    Cancel

    Options VIII: Escaping The Put

    Selling a naked put essentially dares someone to sell you stock but really you don't want to buy it. So usually I sell an Out-of-the-Money [OTM] put and hope the price doesn't drop so much it becomes IN the money. For example last month when SLV was $22.14 I dared the market to...
    freeed freeed 66-70, M 1 Response Oct 4, 2013

    Your Response

    Cancel

    Put Spread (VI)

    Although there is another spread story, this is a more complicated structure. To refresh, a spread is a long and short put combo OR long and short call combo. Clearly this is a put spread. The simpler types are: Vertical - same expiration month with different strike prices...
    freeed freeed 66-70, M 1 Response Jul 10, 2012

    Your Response

    Cancel

    Woo Hoo Silver (III)

    3rd in the series on silver trading, I just wanted to apprise ya'll about this week's trade. On April 18, 2011 I opened another calendar spread on SLV buying the October $50 strike calls and selling the May $50 calls, for a net debit of $1.53/contract. Silver has been on a ROCKET...
    freeed freeed 66-70, M 3 Responses Apr 21, 2011

    Your Response

    Cancel

    Flash Crash

    Kids, in case you didn't know it even the best traders make bad bets so in the interest of honesty and hopefully education, I'm going to tell you how I PLAN on fixing one recently made. First a bit of background: in March and again in April I WON bets "daring" someone to sell me...
    freeed freeed 66-70, M 7 Responses May 24, 2010

    Your Response

    Cancel

    Win with losing Options (V)

    Short means you sold the option to someone who now owns it and has control over whether it is used. I sold puts before in the (IV) strategy story and since this is news I'll write a dedicated story for Southern Copper [SCCO] stock. 1st you should not sell puts unless you are OK...
    freeed freeed 66-70, M Jun 12, 2012

    Your Response

    Cancel

    Uh Oh Silver.

    Just a few days after buying the $36 call [Hi Ho Silver story] I SOLD a call for income. It was a $37 strike March option, for which I was paid $28 [28 cents x 100 shares]. As long as silver doesn't reach $37 by next Friday I get to keep and not weep. It's still around $35. This...
    freeed freeed 66-70, M Mar 12, 2011

    Your Response

    Cancel

    Not So Easy

    Like the other really bad options trader from 2007, I've lost a lot trading options. At one time I made a living doing it but wrong bets cost me bigtime and I'm nearly broke now.     Futures seem too tricky since the disclaimer on an account I once almost opened...
    freeed freeed 66-70, M 16 Responses May 13, 2009

    Your Response

    Cancel

    What Next?

    A proposal is seriously being considered to make a futures contract on the box office take of movies. You call THAT investing? If we stuck more to basics there wouldn't be so many financial crises. California, with 12.6% unemloyment, may default on their bonds. If the money...
    freeed freeed 66-70, M May 20, 2010

    Your Response

    Cancel

    Option Combos I - Collars

    While strictly not Futures, traders in options may find the following informative if they know little. I may be wrong, but don't Futures also have options associated? Calls - Buying them places you in position to demand a seller sell you stock at a pre-specified price during an...
    freeed freeed 66-70, M May 17, 2011

    Your Response

    Cancel

    Option Combos VII: Strangles

    We saw Straddles in an earlier story, where the price of a put and call [sold or bought] is the same. I share with a famous pro trader the preference for Strangles as my fav strategy, where the strike price differs. A Strangle can be bought or sold. Let's say "the underlying" has...
    freeed freeed 66-70, M Aug 25, 2012

    Your Response

    Cancel

    Single Options Strategies (IV)

    Buying a call or put option - paying the seller a premium to be able to put stock to or call it away from the seller - or selling them is the simplest options strategy. Last month I purchased Phillips Electronics (PHG) at $19.65 and sold a call giving the buyer the right to call...
    freeed freeed 66-70, M 2 Responses Feb 22, 2012

    Your Response

    Cancel

    Option Combos II - Straddles

    This combination of a Call and a Put can be bought or sold. Right now, with gold at $1800 I'd suggest a "long" straddle which means buying a Call and a Put having the same strike price and expiration date. Gold could continue skyrocketing up, making the call more valuable, or it...
    freeed freeed 66-70, M 1 Response Aug 20, 2011

    Your Response

    Cancel

    Hi Ho Silver!!

    Now it's more pizza money than a living but I'm still slugging in The Market. Siver was slightly over $35/ounce today and I had bought some at $21 (it also COLLAPSED to $9 right after, so this is not for amatuers, before it recovered and advanced). Last month I made a short term...
    freeed freeed 66-70, M Mar 7, 2011

    Your Response

    Cancel

    Option Combos III - Spreads

       These two part combos are either a long put and a short put OR a long call and a short call. Let's focus on the calls since today I started the 1st leg of a Call Spread by buying a call. A March expiration call on DIA - the ETF for Dow Jones Average - with a strike price of...
    freeed freeed 66-70, M 1 Response Jan 19, 2012

    Your Response

    Cancel

    Futures Trading

    I have an automatic system that I wrote that trades the ES.
    speedoflight speedoflight 41-45, M 2 Responses May 13, 2009

    Your Response

    Cancel

    Options Trader - a Really Bad One!

    I have watched the markets now for 3 years, all losing ones for me.  Now I'm down to my last $200.  Trading VLO, an energy stock that is probably one of the market's most vicious stocks to trade.  I thought of trading futures, but thought I'd better first train on...
    fineartist fineartist 46-50, F 3 Responses Sep 28, 2007

    Your Response

    Cancel

    Related Experiences

    After a couple days I got caught though :p
    kindaspoilt kindaspoilt 13-15, F 3 Responses 2 hrs ago

    Your Response

    Cancel
    I'm thinking how Bombarder as a family builder could pretend Chinese New Year doesn't exist without preparing for any special food for the family. Isn't Chinese New Year a time for...
    ExileMyself ExileMyself 26-30, F 2 hrs ago

    Your Response

    Cancel
    HI, stick in there your on the right path ur clean and ur trying u wana make urself better! ur body will heal aswell as ur brain's nervous system which has been blown the XXXX...
    bobbi78 bobbi78 36-40, M 3 hrs ago

    Your Response

    Cancel
    Associated card: The Magician. Associated track: none. Something really thought-provoking from a recent Facebook discussion with a fellow activist from The Black Square project...
    AmethystCluster AmethystCluster 26-30, F 2 Responses 6 hrs ago

    Your Response

    Cancel
    Coldplay: Hymn For The Weekend Lyrics Oh angel sent from up above You know you make my world light up When I was down, when I was hurt You came to lift me up Life is a drink and...
    deeptastic deeptastic 18-21, M 7 hrs ago

    Your Response

    Cancel
    Have any of you guys tried this yet?After watching a few YouTube vids of my favourite make up Vloggers, who gave it reasonably favourable views, I decided to give it whirl. I found...
    RobertaS RobertaS 36-40, F 2 Responses 12 hrs ago

    Your Response

    Cancel
    I have a Social Anxiety! I guess that you could help me to improve my social! This Anxiety makes me feel so frustated! Thats why sometimes Im alone! I do really need a friend!
    Ayumi05 Ayumi05 16-17, M 12 hrs ago

    Your Response

    Cancel
    OPEN HEAVENS FELLOWSHIP DAILY DEVOTION HE IS YOUR SENIOR PARTNER 2 Corinthians 13:14 (AMP) The grace (favor and spiritual blessing) of the Lord Jesus Christ and the love of God...
    ganyoji ganyoji 22-25, F 13 hrs ago

    Your Response

    Cancel
    I call the era in my life now the "In-Between". A moment in your life where you literally feel like your in the middle between life and death and don't know which direction to...
    DarkPhoenix1985 DarkPhoenix1985 26-30, M 1 Response 21 hrs ago

    Your Response

    Cancel
    When I look out my new bedroom window, I see beautiful brown creatures scurrying around our backyard and into the wood beyond our back fence.When I wake up some mornings I smell...
    blackgirlsblush blackgirlsblush 31-35, F 6 Responses 1 day ago

    Your Response

    Cancel
    The goal - how to work from home to get a little extra money to pursue my dream of self-sufficient living. The answer must be online somewhere. The other day, I came across a web...
    singlemom1254 singlemom1254 36-40 2 Responses 5 days ago

    Your Response

    Cancel
    I think I want to quit life. I'm kind of sucking at it, I'm really unhappy, and I doubt anyone would care anyway. My parents would pretend to care because it wouldn't be...
    sting0611 sting0611 31-35, F 1 Response 5 days ago

    Your Response

    Cancel
    Associated card: Ace of Swords. Associated track: none. My heart grew three times bigger after I stumbled upon the cosmology model proposed by Julian Barbour! Finally, someone...
    AmethystCluster AmethystCluster 26-30, F 1 Response 6 days ago

    Your Response

    Cancel
    Hey, I am looking for a person or group to travel the world with and be free from the disappointment around me. I not only know how to live, I know how to survive. Message me to...
    Unknown1047 Unknown1047 18-21, M 1 Response 6 days ago

    Your Response

    Cancel
    Hey, I am looking for a person or group to travel the world with and be free from the disappointment around me. I not only know how to live, I know how to survive. Message me to...
    Unknown1047 Unknown1047 18-21, M 6 days ago

    Your Response

    Cancel
    Anybody in CT or near it that has a car and wants to form a group? I'm 19M thanks
    LookingForTheOne123 LookingForTheOne123 18-21, M 3 Responses a week ago

    Your Response

    Cancel
    I'm so glad that I don't have a passport and money right now because I'll be walking out of the door and I wouldn't be coming back. I just can't be doing with all the fighting any...
    LoneSouls LoneSouls 31-35, F 3 Responses Feb 1

    Your Response

    Cancel
    off to Ireland lads XD (I'm 100% a Midwestern USA kid who has never left the country, but certainly wants to get out sometime
    dathglas dathglas 13-15, M 2 Responses Feb 1

    Your Response

    Cancel
    I kind of just want to get up and go, and runaway, and fly
    ETph0neh0me ETph0neh0me 18-21, F Jan 31

    Your Response

    Cancel
    Hi Im looking to runaway Im 15 and I have a more then problematic home life and Im looking for travel and adventure if ur interested message me ill watch ur back and u mine
    TimRose TimRose 18-21, M 1 Response Jan 31

    Your Response

    Cancel
    Hi , I'm planning to run away and just have a fresh start and have a chance to be happy .. Maybe a city in America . But I would love to go to Canada or England . If anyone is...
    Itskolby Itskolby 18-21, T 1 Response Jan 30

    Your Response

    Cancel
    I dont mind working, but i really want to find something i could do on my own without depending on an employer. i think i would actually feel like i accomplished something, as...
    MadShadows MadShadows 41-45 2 Responses Jan 30

    Your Response

    Cancel
    Just trying my luck. Too bored right. I'm from Asia by the way. Work as Software Engineer. Played basketball and part time coach for state and varsity team. Trade forex. Love to...
    nazrule11 nazrule11 26-30, M 1 Response Jan 28

    Your Response

    Cancel
    from washington county living in knox county
    papabear4 papabear4 51-55, M Jan 26

    Your Response

    Cancel