Recent content by KK70

I agree. Many Asian countries (China included) built their prosperity through their weak-currency driven exports.

India is removing STT (securities transaction tax) and also lowering income tax rates drastically from 2011. http://business.rediff.com/report/2009/aug/12/new-direct-taxes-code-released.htm

True, but the college football athelete contemplating going pro has some solid edge - physical ability, talent, and years of consistent performance etc. How many beginner pro daytraders have an edge in the first place?

ScreenLocal, You are lucky to have such a green and sunny view when most of the world is freezing in winter. Which city/country are you live in?

I had a look at Blackberrys and Nokias last weekend. Accessing the internet is VERY cumbersome on them IMHO, a strain on both eyes and fingers. I found the IPhone easiest to use. Has anyone placed trades using a smartphone? What have your experiences been? Log-in problems, order hang...

Question: Lets say the Big Three go bankrupt. Toyota, Honda will then surely expand their manufacturing base in the US. They employ most/all the workers laid off by the Big Three and produce much better quality vehicles too. What is the problem with that?

gangof4, You seem to be a large size trader. Why dont you keep the direct tel numbers of such "managers with a clue" on your speed-dial? Given the large volumes that you trade, I would think that you will want the most competent response to your situation everytime. I am sure IB or any...

"Attachment is the source of all suffering." - The second of the four noble truths of Buddhism

That is very scary stuff. Classic example of a govt trying to raise tax revenues but actually ends up killing the golden goose.

Why Not a Transaction Tax? http://seekingalpha.com/article/97964-why-not-a-transaction-tax For the record, I do NOT support a transaction tax

Folks, A few days ago on Fast Money, I saw a chart of the Karachi Stock Index which showed what happened when the government of Pakistan imposed a ban on short selling (the index fell a lot further in the subsequent months). Does anyone have that image or a link to it? I want to e-mail it...

OldTrader, Please read my first post re: CVC and its price action on 4Sep. I have seen similar situations many times on the NYSE and AMEX. Lets say that the previous day's range on a stock is between 29 and 30 and closes at 29.50. The next day it opens gap down and opens at 25.00 on...

DD2, Thanks for responding, your post is informative. I infer that you do not use overnight stops. How then would you respond to a situation where your stock gaps up (or down) big time against your position? Would you wait a few minutes to see if the gap is real (and in the process...

Thank you, having a threshold volume/tick filter before the stop executes is a good idea. But nonetheless, I just wish such opening prints were more fluid on the NYSE. An opening gap of 10% which quickly disappears after 2-3 tics just causes mayhem for swing/position traders.