Recent content by Mugshot109

Does anyone else believe that there is a will be a fed cut next week? I have been listening to a few analysts who believe it is an almost certain move to compensate for any sell off due to the WTC collapse. I have also heard one speaker say that there are a group of firms that will bid the...

Bottom line is, I don't care who is right Israelis or Palistiniens, although I have to admit that I would be pretty pissed too if I was a Palastinian; living as a second class citizen with no rights and no future. I just believe that the U.S. is opening the door to more of these incidents by...

The US should respond to this by cutting all ties with Israel. They have caused us enough grief. They are as much at fault for this tragedy as any terrorist group. Israel, and its special interest groups operating in the US, has dragged us into this. It is about time that we just stop...

I have been watching NVDA for the last week as a potential new stock to trade. I don't think I will begin trading it however. The stock just gaps up/down, bids drop off and suddenly come back. The spreads also become very wide. I know it is possible to profit off these types of stocks, but I...

They had the combination of 10-1 leverage + bad risk management. The rumor is a few traders held large positions overnight and blew the firm out with a $12mil loss. Since it was an "pro firm" you know where the money is coming from.

The issue that concerns me regarding Echotrade is the possibility of the firm blowing itself up. Since your money is not SIPC insured you may lose your entire account if the firm goes under. Giving amateur traders 10-1 leverage is very risky. Besides risk management problems, the profitability...

Eldredge, What you mentioned was banned by the NASD. It was good while it lasted. Babak, A bullet is not a synthetic short. It is a hedged long position, nothing else. You cannot profit off the bullet. The profits come when you enter a sale. The long is hedged. Regardless of the market...

The only reason you are buying and selling the options is to prevent a loss in the long position. If you sell the stock without having the long position it will be considered an illegal SS. To sell it on a downtick you must be long the stock.

Janko, Hitman is right. At some firms, you do not need to worry about the behind the scene stuff. You just ask for a bullet for 1000 CSCO and they take care of the rest. If your firm does not offer them you can set them up yourself by buying the stock, then buying the puts which have a strike...

Essentially you are not short. You have a long position in your account that is hedged by options. For example, you will have 1000 shrs of xyz that was purchased at 20. You then purchase the sept 20 puts and sell the sept 20 calls. The position can no longer move since the puts prevent losses...

TradeCourse, I agree with you. I think it will take a few weeks for everything to sort itself out. Most traders, including myself, are using smaller share sizes. I believe that once traders become more accustomed to SuperSoes their volume will increase which will make for a different trading...

I have found that superSoes has made trading worse. The spreads are getting too wide. It is almost impossible to get out of a bad trade with a break-even or 1 cent loss. If the stocks would at least have decent runs I wouldn't mind the wide spreads but the runs also seem to have become smaller...

This month has been very slow but the last week has been one of the worst. It is not that I have lost money, but I see little opportunity to make any. With the low volume, it is too easy for these fu@#$%& market makers to kill momentum moves. I hope that the introduction of super Soes shakes...

Thanks Jim, That commission schedule seems very good. I might go take a look at one of their offices.