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    Alltime high on Nasdaq

    I knew the civilized world would go to hell when residential garage door openers were invented (any of you old enough to remember that?) Within a year or two, we never saw our neighbors. Then I knew the civilized world was REALLY going to hell when VCRs and video stores appeared, and and...
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    Ron Paul: "The U.S. Government Must Admit It Is Bankrupt"

    Yes, it appears we are bankrupt. But, please stand by. A monkey wrench could appear. We do have two things to sell: weapons, and food. These are correlated.
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    Ron Paul: "The U.S. Government Must Admit It Is Bankrupt"

    The problem, in truth, is that we don't want to kill civilians. It's not that we aren't able to bomb the place back to the Stone Age. Well, maybe we can't, since it's already basically there.....
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    Should I care how wide Bid/Ask Spread is???

    You'll have to experiment a bit to figure out where you can get filled. The following are some generalities: -Heavily traded options have smaller spreads -It is easier to get filled at or near the midpoint of a narrow spread than a wide spread -It will be harder to get midpoint fills on a...
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    Crouching Tiger, Hidden Dragon

    Nitro, Please let us know, why have you posted this? Obviously something about it was of interest to you.
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    Is Law School a Losing Game?

    Well, you have a good point here. Maybe that is something they should be teaching in school: role playing selling yourself. It will work in some situations. But it does not work to get into a top law firm. You either have the grades and the right alma mater, or you don't. You cannot sweet...
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    It official, trading will kill you

    What are you making money for anyway? Isnt' it so that you can enjoy yourself?
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    Statistical Question

    I'm not sure this is the question you want to ask. The process you are following to trade does not "know" when you give up. Maybe what you want to know is what percent of your account to put at risk at any one time. Is that right?
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    Observing emotions to trade well

    I have a bumper sticker that is near my computer. It has a picture of Yoda saying, "Do or do not. There is no try." Just a reminder to follow my own rules, even when I am afraid to. As has been said many times here, the ones on which one is most afraid to pull the trigger turn out to be...
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    HAL -- High Probability Setup!!

    I hope you are right because I just bought it a couple of weeks ago and I am getting my ass kicked.
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    What are good resources and books?

    Best introductory probability book on the market: http://www.amazon.com/Introduction-Probability-Mathematical-Statistics-Duxbury/dp/0534380204/ref=sr_1_1?ie=UTF8&qid=1294723281&sr=8-1-spell
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    Markets for Short Straddles

    I have not done them other than on TLT and FXE. But not lately; everything is moving around too much to suit me. I suggest Paul Forchione's books. He covers adjustments and selection of the best volatility conditions.
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    job market is grim, particularly if u r 50+

    My lawn guy is $160 per month. I have priced them and that is the going rate. People have knocked on my door and told me they will do it for much less. But they have no insurance, cannot speak my language, have no physical address or Web site, want to come to my house (which I'm never in) to...
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    Vertical Bull Put Spread Margin

    If you want to limit your expenditure, shall we say, to the spread, then you will need to use European options. RUT for example.
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    The S&P has topped !

    No reason to dislike you. But I don't know or care.
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    List of known fake traders on ET

    I like RN. I suspect he and I may be kindred spirits. As you have so eloquently suggested, toads in our holes.
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    job market is grim, particularly if u r 50+

    they have such shitty ice cream
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    job market is grim, particularly if u r 50+

    Yeah, I know. Well, he probably did. He got a degree in Asian International Relations or something like that (he was not Asian), which is probably fairly marketable here in Seattle. Paid off his tuition bill with the windows. He sold his windows business customer list to another guy...
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    Smart Money Sells Straddles!

    Absolutely correct. It is hard for an elephant to play there; there is not sufficient liquidity to put a lot of money to work. Just another advantage for us mice...
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    Smart Money Sells Straddles!

    http://onlinelibrary.wiley.com/doi/10.1002/fut.20423/abstract The idea is to sell them and keep selling them monthly, using a relatively tame underlying like TLT. I personally would not deal in near month short straddles, but these guys showed it could be done during a period of relatively...
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