Recent content by swingtrader123

I use the 3x3 SMA to gage the swing high and lows: 1) 3x3 SMA is a 3 period simple moving average displaced by 3 2) Look for cross of the 3x3 SMA 3) A close above/below the 3x3 SMA indicates the swing low or swing high 4) Draw a Fibonacci retracement from the swing high and low to gage trend...

I determine trends by looking at the retracement depth. If the retracement is less than 50% of the impulse move, then its a trend. If the retracement is less than 62% of the impulse move, then the trend is weak. Retracements greater than 62% suggest the start of sideways action. Like wise...

Stock transaction needs to be reported to the IRA as separate transactions. Futures are section 1256 contract and are marked-to-market. The profit and losses for all transactions are reported as a single entry. Individual transactions are not required so brokers don't spend the time to identify...

Yes, data mining is important tool. Technical analysis is data mining; so is back testing.

IB hold ACH for 5 business days

Just like the old CRT, you get ghost images of things that does not change much on the monitor.

OLED monitors can experience burn-in. Not sure if it would make a good monitor over time; especially for displaying charts.

Options trading gives you better return on capital then out right purchases of stock. In addition, options gives you flexibility. If you are very bullish/bearish on a stock, you can purchase a option outright. If you are somewhat bullish/bearish, you can either long or short a options spread. If...

I used to trade both futures and options. Here is my two cents: First, in options trading you are trading direction and volatility (more DTE, more important). Second in options trading, the bid/ask spread is higher so you will have to pay more to get into and out of a position. Third, options...

Having more capital is better always better. I don't know your trading strategy so I can't give you a recommendation. In general, you should always exit your short strike before expiration. When you exit is based on your trading plan and your risk tolerance. I always weigh the risk of holding...

I have worked in software development for over 30 years and for small and large companies. Here are some insight into how companies deal with customer problems. First, if there is a workaround for you problem then your problem is considered "solved". Whether it get addressed in the future...

The probability of assignment is generally low, but it increase as you approach expiration and the stock approach your short strike price. Normally, if there is time premium left, the option won't be exercised (possible exception is Ex-Dividend). If you get assigned and your long PUT has not...

You can get around the PDT rule if your broker allows you to trade options in a cash account. Options trade settle the next day.

I had this problem when I first started. The key for me, was to look at how many winning trades will it take for me to make back this loss. Focusing on the cost of holding onto the trade, in how many winnings trade before making back the loss, helped me to keep my losses small.

I am not an accountant, but my understanding is that if you've made a valid election under section 475(f), the only way to stop using mark-to-market accounting for securities is to file an automatic request for revocation under Revenue Procedure 2019-43, Section 24.02. Which I read to mean you...