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If you trade futures or index options you fall under the 60/40 rule and you would pay max 23% federal.

If you trade SPY, QQQQ, DIA options are these considered index options (NDX, OEX) ? It is better to trade index options from a tax perspective because of the 40/60 rule. Also I've noticed that with QQQQ options although they have tighter spreads and more liquidity, they do not move as much as...

You know, you only have to double 1,000 ten times in order tp arrive at a million. But why so many round turns. There is usually just 1-3 large interday trends. Why not restrict yourself to 1-3 trades per day.

As traders we all have an edge, although we may not realize or utilize it. 1) The option to do nothing: As traders we have the luxury of being able to sit on the sidelines as long as we wish and wait for the perfect opportunity to present itself. 2) The option to cut losses: We all have...

I trade NDX options

Exactly, increasing the size as the trade moves your way. I'm not sure if there is a proper term for this but it is the opposite of averaging a loser. I had read that Livermore did this and this weekend it dawned on me that maybe I should do the same. So today around 1:15 eastern I concluded...

Do any of you average your winners. That is if you intend to sell two units let's say, you would first sell one and set your stop. Once you are profitable by x amount you would then sell the second unit and move your stop up to break even on the first. That way the amount at risk is half as...

TudorJones, has Paul Tudor Jones given you permission to use his name?

I go long NDX calls or puts. I watch a live prophet.net java chart of $NDX with MACD and toggle between 5min and 15min. I am looking for familiar patterns. Sometimes I will enter based on a MACD signal line cross. Almost half the time I get it wrong.

Since I began trading in Summer 2004 at the age of 21 I have mostly lost money. But I had a decent Feb and here are the results. I trade NDX options, holding time is usually 15min-4 hours, but occasionally overnight. I use a 15% stop. Feb Stats: 22 trades, 10 losers, 12 winners. Starting...

I was short and closed my position Friday afternoon, prior to the massive upswing, because the downwards momentum was waining and there was bullish MACD divergence. OP, do you have a long position?, why the bias?

Did anyone listen to the interview this morning with the technical analyst on CNBC who discussed the wedge formed on the major indicies? He said that the market will likely continue in the direction of the break, which I agree with. He also said the the break would most likely be to the upside...

Whenever the market trends down some people such as the OP get all bent out of shape. Markets move up and markets move down. There are some people who are smart enough to take advantage of both conditions, if you are not one of them just shut your mouth.

I say buying stocks, or for that matter all long positions should be outlawed. You should only be allowed to short! Call the SEC!:D

One of the, if not the most successful trader, trades exclusively with stops according to his wizards interview. If he identifies an uptrend he will place a buy stop above the market. Once filled he places a sell stop and trails it until finally stoped out.

Sometimes the night before a trading day I have a bad feeling about the next day. It's not that I am worried that it will be a down or up day, since I trade both long and short. It's just the feeling that I am going to screw up. This almost always turns out to be a self-fulfilling prophecy, as...

Although people here like to put you down, I want you to know that I like you. I admire you drive and dedication. I find you antics quite amusing and although I have not nor would I ever act on any of you advice (I don't trade individual stocks, nor do I take tips) I believe that you do really...

As a pilot and flight instructor myself, I completely agree. When flying or trading risk management is the most important factor. If you ignore the risks in flying you could easily end up dead. If you ignore the risks in trading you could easily blow up your account. And it just takes one slip...

if we cannot continue going up and instead make a new low, I will accept that I'm wrong.

market turning up, MACD turning up (15 min NDX). I say we rally through the close, maybe for a few days.