Licence Terms & Security File

1. Have you thought about arranging an auto-trade relationship with a particular options broker so that individuals such as myself would be able to trade at your speed?

We have not considered this issues as of yet due to the fact that there are different brokers and different requirements in terms of capital required by each firm. There are many brokers out there that allow speedy access to the OEX pits. The best one we have found so far is Schwab's 500 account.
Your top recommendations of books or material to read.
We have only one mentor and he is John Murphy and you may view some of his books at his website here:
I noticed from your intra-day e-mails that you will trade different OEX option (symbols), how do you select which one of the calls or put symbols to trade?
We use the pricing of between $3 - $10 as our guidelines as to what to trade due to leverage considerations. We usually trade those OEX options that are priced in that range. Thus, depending on how many days to expiration there are left these options will be at the money or just out of the money.
Is it possible or feasible to send the intra-day e-mail of your next or recently executed purchase, then a separate e-mail when it me be sold(ie target, etc.).
Due to the timing factors involved and the myriad of various risk capital available to each of our clients we do not issue an e-mail upon our first trade. Another reason is that we prefer to have each of our clients read our Traders Tales, do their homework based on our parameters given each day and make their own individual decision on whether to buy or sell at that time with the ultimate goal of becoming a competent OEX trader. As our record shows, we have been quite consistent in calling market direction since the time of our inception. It is during the day when we see things occur that cannot be foreseen in pre-market analysis that we e-mail our clients on a sale of our position or an addition to it.
As you watch the markets, what indicators do you monitor the most to come to your rapid buy/sell decision?
We provide a link to all of our clients courtesey of DBC that gives all of the OEXMASTER.COM's indices that we watch during the day. Thus, you may monitor proper support and resistance levels by clicking on this link located here:
Do you place your trade even when the market is (temporarily) going the other direction ?
We care not so much for actual market direction at the moment but more for our failure or penetration of support or resistance levels. In daytrading, this is the number one key to being successful.
Do you exit with the same strategy as you enter ?
In day trading, you must have a pre-game entry/exit strategy already mapped out. To try and create one during the holding of your position can be fatal. Always have an entry/exit strategy set before you ever jump in.
Do you wait till it ticks your direction then enter with the Ask price ?
We have as our guidelines certain prices that we would like to get in at and we enter that price sometimes even if the market is above it. If we get in at that price fine...if we miss it and the market moves favorably we chalk it up to experience. We never, ever chase a market..this is a sure formula for failure!

Could you please explain oex mirror images and how to interpret signals going positive and negative. Is there info online?
The Oex mirror images is a concept unique to the Oexmaster.com and simply stated you would look at the closing value of the OEX (..say 830) and then add 10 points and view the OEX Call Price (OEX 840 Calls). Then, you would subtract 10 points (OEX 820 Puts) and view the OEX Put price. These MIRROR IMAGE options have a unique predictive qulaity in the sense that in a normal Bull Market the OEX Calls are normally priced 15-20% higher. Any divergence from this scenario implies a Market move in the direction of the divergence./FONT>

Where can I get more information on the $nhb and $vix and how to interpret them for signals.

The $nhb NYSE Beta Index is simply a measurement of SPX 500 buying or selling pressures. Gauge the future movement of the SPX 500 based on the trend of the $nhb. The $vix is the volatility measurement of the OEX and can is explained at the CBOE website.

What methods are you using to set your daily support and resistance levels?

We determine these key levels based on our many, many years of trading experience and spend much time determining the correct levels.

Hi Guys, Tough time to trade isn't it. Can you comment about money management and drawdown. I'm getting the blues and figured you are also. Comments about how you allocate % for each trade I think would be of interest to all subs. Thanks ?

We usually trade in contract sizes from 25 - 100 contracts, depending on the probability of success of the trade, the time left to expiration, the volatility levels and are expected movement in the market. As far as drawdown, this is part of the cost of doing this business and you should allow for a small percentage of your capital to go to this area..say 5%.

While I like the quick in/out trading style, I am concerned that the trades that you're getting aren't available to the rest of us. For example, today September 16th, 1998 at 3:33 p.m. e.s.t.you purchased 50 OEW IA's at the price of $4 1/4. By 3:34, these were up to 4 3/4. While this would have turned out to be a good trade anyway, I didn't get the email until 3:35, and the move had been made. Often times, you guys will trade for half a point profit - in which case, I'm concerned I'd be missing that trade. Or risking getting into a bad trade. Thoughts?

It is imperative to monitor (1) our live Autorefresh charts (2) our support/resistance levels and (3) keep in mind our if.. tben...parameters that we publish at the start of the trading day. To be a great daytrader, it is very important to do your homework by reading our commentary before the opening bell and to monitor the markets in real time (through our Autorefresh charts we provide).

We cater to the sophisticated trader in the sense that they generally make their own buy/sell decisions based on our preset support/resistance levels and each individuals respective risk capital.

At the time we had purchased the Call options today, the Spoo's were about to break through our 1045 pivot and this would have been the key to the Oex trader to go long, if they had not already done so. Our e-mail is sent as a confirmation of the decision to go long in this instance based on our Trader's Tales if.. then.. parameters. Thank you