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 30 People

    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 61-65, M 1 Response Jul 10, 2012

    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 61-65, M 1 Response Jan 19, 2012

    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 61-65, M Aug 25, 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 61-65, M 3 Responses Apr 21, 2011

    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 61-65, M 2 Responses Feb 22, 2012

    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 61-65, M Jun 12, 2012

    Your Response

    Cancel

    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 61-65, M 4 Responses Jan 11

    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 61-65, M Mar 7, 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 61-65, M 1 Response Oct 4, 2013

    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 61-65, M May 20, 2010

    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 61-65, M 2 Responses May 16, 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 61-65, M 16 Responses May 13, 2009

    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

    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 61-65, M 1 Response Aug 20, 2011

    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 61-65, M Mar 12, 2011

    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

    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 61-65, M 7 Responses May 24, 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 61-65, M May 17, 2011

    Your Response

    Cancel

    Related Experiences

    I began working for my current family in August, and I really love them. They have a wonderful, large house with a huge basement which has become a play room for the kids. They pay...
    KellaBug KellaBug 22-25, F Jan 15

    Your Response

    Cancel
    So basically i packed up and ran away from home. I cannot go on Facebook, Instagram, Twitter ect... It really sucks so i thought i'd come on here and make a few friends.
    lena2014 lena2014 18-21, F 2 days ago

    Your Response

    Cancel
    I've worked from home www.west.com, www.liveops.com
    bleubyrd bleubyrd 26-30, F 1 Response Jan 9

    Your Response

    Cancel
    I love Chicago and it's winters but how I wish I could work from home sometimes have! Today is not bad at all But when it is below zero That's when I say %#¡¿ it!
    lilwil87 lilwil87 26-30, M 1 Response Jan 12

    Your Response

    Cancel
    I think I did run away from home, or maybe it was a dream? I remember leaving out the Backdoor when it was really cold(but not snowing) and I jump over my fence and went down the...
    MysteriousDragon MysteriousDragon 13-15, F 5 days ago

    Your Response

    Cancel
    Received my first letter from my boyfriend today. Literally made my whole week.
    callmedavi callmedavi 18-21, F 20 hrs ago

    Your Response

    Cancel
    Ok so when i was 8 years old, my mom died in a car accident. She was driving alone. I still have nightmares sometimes about her death, i just imagine the fear that went through her...
    RnneKK RnneKK 13-15, F 1 Response Jan 16

    Your Response

    Cancel
    Who would like too earn extra income from there home using there Phone or computer??
    noomore9too5 noomore9too5 18-21, M 2 Responses Jan 18

    Your Response

    Cancel
    Who would like too earn extra income from there home using there Phone or computer??
    noomore9too5 noomore9too5 18-21, M Jan 18

    Your Response

    Cancel
    Saturday the fourth I ended my night crying as I told my boyfriend for the last time for three months. I knew I'd see him the next morning, but I realized the next morning would...
    babyye87 babyye87 16-17, F 1 Response Jan 5

    Your Response

    Cancel
    We saw each other for the last time today and said our goodbyes since I have an audition tomorrow and he leaves Sunday morning. It hurts so much. We've been texting all day even...
    Semperfi1025 Semperfi1025 16-17, F 1 Response Jan 9

    Your Response

    Cancel
    I have ran away from foster home twice now. I ran away from my first foster family after emergency placement and I ran away from my most recent foster family this morning. I am...
    JenniferM01 JenniferM01 13-15, F 4 Responses Jan 12

    Your Response

    Cancel
    Walked home from class today and checked the mail like usual. Nothing there which is normal. I was not too disappointed as I just got his address and yesterday was a holiday. I...
    MyJonathan MyJonathan 18-21, F 2 Responses Jan 20

    Your Response

    Cancel
    I'm just sick of my parents My dad verbally abuse me My mom makes me do everything I get up at 9:00 AM sometimes 6:00 AM to clean and work I'm like a slave! I just want to run...
    AloneGirl13 AloneGirl13 13-15, F 2 Responses Jan 3

    Your Response

    Cancel
    ** Do you really want to make some $$? ** I'm looking for SERIOUS people who want to turn a $40 investment into hundreds or thousands by next week. This is not a scam or one of...
    noomore9too5 noomore9too5 18-21, M 1 Response Jan 21

    Your Response

    Cancel
    ** Do you really want to make some $$? ** I'm looking for SERIOUS people who want to turn a $40 investment into hundreds or thousands by next week. This is not a scam or one of...
    noomore9too5 noomore9too5 18-21, M Jan 21

    Your Response

    Cancel
    ** Do you really want to make some $$? ** I'm looking for SERIOUS people who want to turn a $40 investment into hundreds or thousands by next week. This is not a scam or one of...
    noomore9too5 noomore9too5 18-21, M Jan 21

    Your Response

    Cancel
    ** Do you really want to make some $$? ** I'm looking for SERIOUS people who want to turn a $40 investment into hundreds or thousands by next week. This is not a scam or one of...
    noomore9too5 noomore9too5 18-21, M Jan 21

    Your Response

    Cancel
    ** Do you really want to make some $$? ** I'm looking for SERIOUS people who want to turn a $40 investment into hundreds or thousands by next week. This is not a scam or one of...
    noomore9too5 noomore9too5 18-21, M 1 Response Jan 21

    Your Response

    Cancel
    ** Do you really want to make some $$? ** I'm looking for SERIOUS people who want to turn a $40 investment into hundreds or thousands by next week. This is not a scam or one of...
    noomore9too5 noomore9too5 18-21, M Jan 21

    Your Response

    Cancel
    ** Do you really want to make some $$? ** I'm looking for SERIOUS people who want to turn a $40 investment into hundreds or thousands by next week. This is not a scam or one of...
    noomore9too5 noomore9too5 18-21, M Jan 21

    Your Response

    Cancel
    ** Do you really want to make some $$? ** I'm looking for SERIOUS people who want to turn a $40 investment into hundreds or thousands by next week. This is not a scam or one of...
    noomore9too5 noomore9too5 18-21, M Jan 21

    Your Response

    Cancel
    ** Do you really want to make some $$? ** I'm looking for SERIOUS people who want to turn a $40 investment into hundreds or thousands by next week. This is not a scam or one of...
    noomore9too5 noomore9too5 18-21, M Jan 21

    Your Response

    Cancel
    ** Do you really want to make some $$? ** I'm looking for SERIOUS people who want to turn a $40 investment into hundreds or thousands by next week. This is not a scam or one of...
    noomore9too5 noomore9too5 18-21, M Jan 21

    Your Response

    Cancel
    On my last day at home in Norway my Mum and I baked a cake. It is a particular favourite with us, mixed grain with mixed fruit. We don't use sultanas or raisins, but apples, pears...
    Skjeggstad Skjeggstad 22-25, F 2 Responses Jan 5

    Your Response

    Cancel
    I miss the simple things like doing my homework with him or just being in the same room doing completely different things
    MyJonathan MyJonathan 18-21, F 1 Response Jan 20

    Your Response

    Cancel
    Ever get pissed when you look at your check from your job and your net worth is more than what you actually got paid? If you felt this way or still feel this way...that's a sign...
    noomore9too5 noomore9too5 18-21, M Jan 18

    Your Response

    Cancel
    If any of you have questions just ask! I'm almost a month away from seeing my new Marine!!
    ciaralowe ciaralowe 18-21, F Jan 20

    Your Response

    Cancel
    14 days until I see the love of my life, 15 days until I see him graduate, 20 or so days until I marry him. ??
    FutureMrsCobos FutureMrsCobos 18-21, F Jan 7

    Your Response

    Cancel