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I agree with you. Matter of fact, I dare say that this is 100% certified "The #1 Advice" to give to 99.99% of those on ET. Focusing on how to undeniably/irrefutably make money first - is priority #1. And then there is the 0.01% who know what they are doing. They figure things out by asking...

I eventually want to focus most of my attention on the SP500 rather than individual stocks. This is why I ask the question in the first place. The SP500 has many instruments (including the SPY) yet only one chart to follow, which is why I want the maximum profit. Thanks again for the help.

I apologize for not being more clear with my question. I'm refering to leverage, which is the most leveraged in your opinion (including margin considerations)?

Thanks for the advice (sort of), but I'm not a newbie.

This week I've been trying to get a clearer understanding of Futures trading. I know that the best way for me to learn this would be to open a Futures account. It's just that I really do not want to head down that path yet (without knowing). My question is in regards to directional trading...

In my mind, to rely on "analyzing things quickly" equates to "listening to your gut". And, yes, it is difficult to develop, since such strategies cannot be backtested. Although very often we say, "if only I would have listened to what my eyes were telling me, blah, blah". So it seems like a...

So far I'm seeing people post intraday charts - some are only 2-hours. I personally feel that intraday "static" should not be called a "chop" zone. Hey here's an idea: Zoom-out!! What is the real trend doing? That will tell you much more.

If you got time to lean, then you got time to clean.

Gangs are losers who bully winners. You're an idiot.

Oh boy, here we go, "overlooked dividends, or not accounting for hard-to-borrows" and again, "combination of dividends, borrow rate and the actual interest rate" - what a nightmare. I'm not sure if I even want to figure out what you both are talking about. How about this instead: I want to...

Here's a bit more about my problem: after plugging-in all the numbers into Black-Scholes (including the IV number that I get from TDA), I adjust the Rate number until the BS Option price matches the real middle of Bid/Ask. And I am seeing numbers like -0.4 and -0.02 rate. This just seems...

I've always had a hard time making "reliable" Option Pricing calculations. I would like to think that since the Black-Scholes formula is math, that the solution would be math also. But the more time goes by, the more I am convinced that the formula is voodo instead. Sure, I understand IV is...

Point taken, sorry about that.

And, for fun (not related to algos "yet"): http://gigaom.com/2010/08/18/parking-lots-help-predict-earnings/

Surprise: http://www.wallstreetandtech.com/electronic-trading/trading-off-the-news/185302817

You haven't seen much, have you. There's a lot more going on than you think (a lot): http://en.wikipedia.org/wiki/Arbitrage http://en.wikipedia.org/wiki/Algorithmic_trading

The question becomes: How much programming simply automates what the human is doing anyway? In other words, aren't most programs born from successful discretionary trading techniques?

cygnetnoir, You back to pimping you Gambling theory again? Wow. Answer this: What is a "bet"? Do you own something of value with a bet? Never mind. Don't answer. You're an idiot anyway. With your semantics, I'm sure you define all women are "Hookers". And I'm certain that makes you...

Fine, you win. Kid's with a KoolAid stand are Gamblers.

Yes, it is. A dish at a new restaurant is a gamble - good luck picking the right one. To have "control", you will need to read the descriptions. Oh, I like rice and spinach. That helps make it less of a gamble. Okay now, one last go at it...