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  1. R

    Christmas gift options

    Blue, It's ok. I understand why you thought they were short. I'd like to commend you and your big ballz for shorting options. You're doing spreads, right?
  2. R

    Christmas gift options

    I'm not giving them a short put!!! I'm giving them a long put. I'm not a total jerk. I wouldn't do that to somebody. So there is nothing for my gift receivers to worry about.
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    Youth Traders - Fulltime

    Bullet, I use a variety of tools do to an overall analysis. I have to say that fib and elliott stuff works best on daily charts; intraday is kind of sketchy. I stick to S&Rs via trendlines, trend channels, fib channels, and anything that I can draw in. At least with the S&Rs, you know...
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    Mini-Dow futures

    What kind of size do MMs show on the YM during the first hour 9:30-10:30? Also, is the contract 24 hours?
  5. R

    Christmas gift options

    Let's hope those puts can buy them whatever diamonds they want.
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    Youth Traders - Fulltime

    Seth, It's a combo of candlesticks, elliott, fibonacci, and bollingers. I stay away from momemtum based indicators and trading systems. I have my own set of rules that I figured out. I used to scalp the open and try to be done by 10AM, but I stopped tackling on all of that risk. It gets...
  7. R

    Christmas gift options

    Instead of physical gifts this year, I'm giving people puts on the Diamonds. Does anybody know if it is possible to transfer options over to somebody just as you would stock? Thanks.
  8. R

    Mini-Dow futures

    I'm interested in trading mini-sized Dow futures (YM, $5/point) and I've noticed that that volumes totally suck. Does anybody have experience with getting filled on these contracts. I'm interested in trading sizes between 20 and 100 contracts. Is it hard to get filled on these contracts? Is it...
  9. R

    Youth Traders - Fulltime

    I'm 22...Started out in options at around 19/20...Trade e-mini SP 500 primarily right now. Also trade inter-stock options spreads. I do pretty well...$1500-$2500 a day. Just trying to hit singles and be profitable everyday. I let my options trades ride the profits.
  10. R

    Very short-term intra-day strategies?

    My advice for you is not to scalp. Scalping is very dangerous because a trader tends to use entirely too much money and margin to make a bit of money on a tick or two. All you need is one mess up to end that career. I suggest not trading money that you can not afford to lose. I also think...
  11. R

    I guess people need to relieve stress

    Yeah, I agree. People get kind of nutz on these message boards, which is a good reason why I don't read/post on a lot of message boards. The only reason why I useElite Trade is for the technical knowledge, like which trading platforms offer certain capabilities that would be of interest to...
  12. R

    Intraday vs Overnght Margin

    markets are really think in after hours. Overnight futures markets barely move. Every once in a while you have pretty big swings. Last night was pretty nutz on the S&P 500.
  13. R

    Intraday vs Overnght Margin

    IB closes you out when you don't meet the overnight margin. It is just like the auto-liquidation on daytrading margin. If you can't meet the overnight maintenance on an overnight position, then they also close you out. Stop orders do not work on Globex during the non-traditional market hours...
  14. R

    ESTX50 hours EST?

    DOH!!! I'm really sorry about that. You are right, 3AM is the start. Sorry if I confused people. I never trade that early in the morning, so I didn't pay close enough attention to the time. I only trade the eurostoxx50 during the US preopen from about 8:30AM on so is didn't occur to me that I...
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    PDT rules have destroyed me.

    QDZ, I have two things to say to you. 1) Seriously look into trading futures if you don't want to deal with the PDT rules. 2) Do not let everybody know that the rules upset you. All you got out of it is people that attacked you and called you a baby. Get your head up high and stop...
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    Efficient market theory; Total junk still being taught to people?

    ALL OF MY PROFESSORS LIED TO ME IN COLLEGE!!!!! They totally misrepresented the market to everyone in all of my classes. With the money I'm makin' now trading futures, I have to say that my finance degree was a total waste of time. All of this academic junk is useless. You can't use any...
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    Recommendations on futures feed?

    Once you go real time, nothing is cheap anymore. You pay real time fees, charting fees, compliance(with your charting software) fees, and exchange fees. I have two charting systems that I use. Tradestation is $100/month if you have at least $5Gs in an account. An additional $10/month for...
  18. R

    ESTX50 hours EST?

    I'm in NYC and I trade Eurostoxx50 during the preopen. Eurostoxx opens at 1AM our time and closes at 2PM our time. It follows the S&P 500 futures very closely.
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    Should a novice play the ES or NQ?

    I started out trading futures on the ES. I agree with some of the previous posts that it is not as dangerous in a fast market as the NQ can be. I like that fact that it is slower because I scalp at times and I like to being able to go for the quarter point when I have to. I think that it is less...
  20. R

    How many trades is alot?

    Puffy, The Clearing fee for an e-mini index future is $0.88/RT. A clearing firm will charge something on top for that, such as $0.20, making your fee $1.08/RT. It all depends on how many RTs a day which determines what you can work out with a clearing firm. Another thing is that clearing...
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