TheRumpledOne
6,529 posts
msg #74330
- Ignore TheRumpledOne |
5/12/2009 4:32:24 PM
If you read this thread, then your questions will be answered.
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cr0cop
87 posts
msg #74332
- Ignore cr0cop |
5/12/2009 5:05:59 PM
can you trade options using the MTC strategy or do you recommend to only trade stock?
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cr0cop
87 posts
msg #74333
- Ignore cr0cop |
5/12/2009 7:36:05 PM
it just seems that buying 1000 shares of rimm or aapl would be a ton money, and if you need to do it several times in one day that means even more money.... please let me know if there is a way to do options instead of stock thanks
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cr0cop
87 posts
msg #74335
- Ignore cr0cop |
5/12/2009 8:25:18 PM
I only have a $13 thousand dollar account, is the MTC's strategy too expensive for my account? that's why i wanted to know if instead of doing stock i can do options
thanks
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billrider321
70 posts
msg #74336
- Ignore billrider321 |
5/12/2009 8:37:22 PM
i am following this thread and its quite interesting.
other than rimm and aapl, what else are we working on MTC
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FuriousThug
256 posts
msg #74342
- Ignore FuriousThug |
5/13/2009 12:54:05 AM
TheRumpledOne
- Ignore TheRumpledOne 5/12/2009 4:32:24 PM
If you read this thread, then your questions will be answered.
cr0cop
- Ignore cr0cop 5/12/2009 5:05:59 PM
can you trade options using the MTC strategy or do you recommend to only trade stock?
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Yes...and no.
Folks, this (as well as FTG, RFR threads) are long reads. It's been stated before within probably all those threads...there are no shortcuts. You need to read them front to back and figure out how they work. They're not complicated...and most, if not all, of your questions will have been answered already.
And, no...you can't use MTC with options...at least not outside of perhaps expiration week. By the time you will have closed out an equity position with MTC, you might just have covered the b/a spread on ITM options...it's not a good gamble. MTC is like scalping on steroids...and it's really hard to scalp using options.
FT
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wwildeeeee
4 posts
msg #74349
- Ignore wwildeeeee |
5/13/2009 2:50:11 AM
Your post are interesting. I am an option trader writing naked puts/covered calls/iron condors etc.
How can I put some of your methods to work for me since I swing trade with TOS mostly because my account size is too small to day trade.
Many thanks in advance.
Wwildeeeee
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cr0cop
87 posts
msg #74351
- Ignore cr0cop |
5/13/2009 9:53:09 AM
yeah i read the whole thing here and did not find anything on options really.....well if i can't do options is there a way to take advantage of the MTC's strategy if i only have $13 thousand dollars in my account?
thanks
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cr0cop
87 posts
msg #74353
- Ignore cr0cop |
5/13/2009 10:01:13 AM
hey TheRumpledOne......
is there a way to catch at least .10 cents of the QQQQ similar to the way you take from rimm and aapl?? I know the QQQQ is not classified as a MTC but is there something to it to get at least .10 cents or more?
thanks!!
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TheRumpledOne
6,529 posts
msg #74361
- Ignore TheRumpledOne |
5/13/2009 2:25:03 PM
QQQQ is not a "cow" so MTC is NOT the right tool for the job.
Why trade QQQQ when you can milk FAS or FAZ?
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