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Charting is an interpretation. The market tosses you a Rosetta Stone and it's up to you to crack the code. Your chart indicators are translation tools only. Based on my past experiences the market is far from random. I've gone long stocks that show the patterns I'm looking for and within two...

Plain old 30 year fixed for me, thank you...

You're pretty much writing your own ticket with a C.F.A. I would say it's just as good as an Ivy League degree. Guy in my office got his and he had to study like a psycho for the third level. He moved over to a reputable financial services firm as an equity trader overseeing a staff of...

I'm putting my tin foil helmet on right now!

Not exactly trading, but I like it: " 'Luck is the intersection of preparation and opportunity.' " ---Mario Andretti

If you see something suspect with options, check the contract adjustments section of the OCC website at: http://www.theocc.com/market/infomemos/info_memos_form.jsp You can search by the underlying equity and find any adjustments (adjusted options=contract deliverables other than 100 shares...

Anyone have experience with prop firms allowing options trading? I'm looking for reputable firms that allow overnights (mine are covered) with decent overnight leverage and have more advanced options platforms. I've talked to two firms, one offers it, the other doesn't. Any input is...

I used to work at the trade desk of a moderate sized broker. When we would see our electronic orders start to back up and not deliver into the CBOE's system (known as RAES) a collective "Oh $ hit" would be yelled to each other, the next few hours would suck. Ask your broker what they do when...

For what it's worth, I think E-Trade internalizes a lot of their order flow to the E-Trade Financial specialists at the Midwest Stock Exchange, these guys also trade some OTC issues. Fasten your seat belts when they get your order, they're pretty much all over the place and may or may not offer...

There needs to be a print, not just a bid or ask, at your stop price on the primary exchange where the stock is listed, e.g. NYSE, NASDAQ. Once a primary print at, or better than, your stop hits the tape you're in the market, but not until that point. For NYSE stocks be aware of where you...

Yes, you're right to say RSI means nothing in an uptrend, it gets pegged in the upper range. However, I'm seeing RSI topping off, looking like plateaus and starting to curl back over downward. Most sectors, except for energy, are showing this now. To me this is a signal that we've hit the...

I don't agree with the whole Dow theory, but it's an interesting read. I find the group psychology of the bull and bear stages very interesting. If things keep moving up ride the wave, of course. Don't be afraid to sell. Always use protection (stops, that is)...

Hey Paperboy, I like to keep my eye on the RSI. I like to watch for an RSI that is bottoming / topping out and gradually turning up / down in a smooth fashion. This will keep you from getting sucked into the false breakout / breakdown. In a false breakout the RSI will remain either in...

Telling your emotions to shut the *bleep* up and trusting your instincts. If you wait, all that happens is that you get older. - Mario Andretti

Try Stockfetcher.com. It's a text based TA stock screener that uses end-of-day data. The syntax is pretty easy to pick up and best of all, it's free, with ten day delayed data. In your five year time frame, the ten day delayed data should work fine. Subscriptions are $8.95 USD a month. I...

Right on bro! I also stopped punching a clock to pay someone else's mortgage and now trade full time. I love knowing that I am now 100% in control of my career. I am grateful for the support and encouragement coming from my wife and my immediate relatives. May we both find much success and...

Hey Bro, I'm in prop trading and it rocks. I'm fairly new to the game, but I am teamed up with very successful traders and am already making progress. Check it out: There is no corporate nonsense, you are your own boss and you can work as little or as much as you want to (of course...

Hey Star, Some brokerage houses, as policy, will automatically exercise long in the money options at expiration. The firm I used to work for had automatic exercise for equity options $0.25 in the money or greater. That's probably what your broker was getting at. Check with their...

Simon, Try your strategy out with very small share lots at first, so you will preserve your capital in the event of losses. Log all your trades and study your losing trades to try to figure out what went wrong. If your strategy does not work, it will be time to conduct new studies and...

I would rather enjoy time with my family (dog included) and be able to pursue interests of mine than work 80 hours a week, subcontract out parenting, and live a hollow existence. I feel sorry for those that equate success with the number that follows a dollar sign.