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Ditch the options. Trade futures. Either YM or ES would be my suggestion. Sign up for a demo account and download NinjaTrader. Learn a few simple entry techniques. Learn price action. Learn money management. Learn to have a max loss for each trade...for each day. Practice. Practice. Practice...

Kudos jprad! This is the real problem that no one wants to try to explain to the American people. It's easier to dumb it down and blame people who overextended themselves for "creating" the problem.

I'll take a shot but I'm no expert. Think for a second...WHO is getting bailed out? Subprime mortgage owners? Nope. Wall Street investment banks that lobbied for deregulation of banking laws that allowed them to access mortgages and create derivatives from these mortgages and then use massive...

Thanks for the responses. I'm more worried about pulling up to the ATM one day and finding out I can't access my cash and seeing a sign on the door that says something like, "Due to the financial crisis we will be closed until further notice. More details to come".

LOL Lorenzo. I remember reading Pit Bull and Buzzy Schwartz would always run to the bank for his gold in a crisis. :D

Any chance that banks don't open their doors Monday? What if the feds say shut 'em down until there's a bailout deal? I know, maybe a little panic induced thinking but a few grand in my home safe would sure feel a little better than not.

I get the feeling that I should be at my local Susquehanna Bank branch this morning withdrawing a few grand in case things get really bad between now and Monday. Any thoughts?

NO! NO! NO! This would not be fair. I have ZERO credit card debt. I bought a very modest home 3 years ago with a 20 year mortgage and 30% down. Damn me for be fiscally responsible. It's just not the American way any longer. :( :mad: :confused:

Try here... http://www.ninjatrader-support.com/vb/index.php

Quick and easy today Becky! Good job.

I believe the OP has stated that she uses Qcharts and the Advance/Decline Issues as an indicator.

Ouch! A $3900 loss (6 points x $50 x 13 contacts). More than half a month's profits gone in one trade. Am I right that this is your first loss since March?

Uh, Bush began his reign in 2001.

Jerry : If every instinct you have is wrong, then the opposite would have to be right. George : Yes, I will do the opposite.

Dubya's response to the cartoon... "I'm #1 baby!".

http://www.elitetrader.com/vb/search.php?s=&action=showresults&searchid=2414486&sortby=lastpost&sortorder=descending

NQ/NDX = roughly 40.5 x QQQQ if you're paper trading just use NDX as you would NQ

Could be a double top if the sellers take over. But that would be PURE SPECULATION. :D:D :D

Move to Iraq. I'll bet your definition of hopeless changes.

Have you ever heard the old saying, "You broke it. You bought it."?