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Has anyone else considered that Professional Poker may be the Bubble of the 2000's, much as Online Trading was the Bubble of the late 1990's?? Everybody remembers how many online trading "experts" there were around 1999. Just watch the "ChannelingStocks.com" commercials for a taste of...

You forgot the following: 39. The market changes, the "rules" stop working and we start losing money. 40. We continue to apply the "rules" consistently, but continue getting poor results (ie donating) due to the market changing from what worked before. 41. We lose confidence in...

If this follows the typical Cramer pattern, this market will be one hell of a great short sale in about 3 days, once the "relief rally" runs its course (ie better than this "buy" call). The bottoming action last week was FAR from any kind of selling climax. I think we will get an...

PartyPoker Ultimate Bet AbsolutePoker PokerStars Getting a better return on my poker accounts than trading accounts lately.... lol

There is one big difference when it comes to managing the risk of the situation: If you have a covered call ( buy-write ), you own the shares of stock, and there is no real risk related to the option since if the option is exercised, they simply call away your long stock and the position is...

This may sound weird, but sometimes I look for stuff like this as an opportunity. After all, by definition, when players are colluding there is a lot of dead money in the pot ( the colluding player(s) bidding up the other one when their hand is crap ). This means a well played slow-play...

Easy - the ones you didn't buy will move up rapidly.... The ones you bought will fizzle or drop like a rock after a short spike....

I have been playing a lot at UltimateBet (UB), although I'm still at the 0.50/1.00 limit mostly, sometimes 0.25/0.50. So far, I'm averaging about +2-4 BB/hour. Occasionally I do 1/2 but usually only if I know my mind is really in the game. If I'm just killing time or fooling around, I...

I think you have the wrong culprit in blaming this all on doctors. My father is a retired pediatrician, having practiced for over 30 years. He made $150-200K a year at the height of his earnings, which ended about 2 years ago when he retired. It took him over 10 years to pay off school...

Is this EasyAPI thing for real? It sounds almost like the Nigerian scam or something.... Please send me all your identity information through a non-secure channel and we will be getting back to you quickly ( by draining your account of any money in it.... ) If this product is for real...

Bought the book about 1 month ago and read it immediately. Agree wholeheartedly with the conclusion. This book is GREAT for no-limit. I was playing ring games basically the majority of the time and was clueless in no-limit tourneys and SNG until I read this book. Now, I can usually...

You probably need to be entering LMT orders on the options but you could also use conditions based on the UNDERLYING symbol. If it's a real liquid option such as QQQ, you could then submit MKT orders based on a condition, but ALWAYS TRIGGER the stop based on the UNDERLYING, not the option...

Just curious what risk management strategy would be recommended when holding long positions on mid-cap NASDAQ stocks ahead of an earnings report in the following scenarios. Note we are talking stocks like LEND (reports next Thursday after close), or ACLS (reports next Tuesday after close)...

Still think the TASR Strategy is a bad idea :D Seriously, the guy could be up $300 or more on his $3K by now..... Well, back to real trading....

Turok, You are correct. The idea of this exercise is to give one an idea of the worst case of risk. Learning this on a small dollar amount should give a decent fear/respect for the market. Until this is achieved, the chance of this guy not losing his whole wad is probably zero...

Here's an idea to speed up your learning process.... It will be fun, reasonably safe and probably will help you to learn fast. You will get a lot of trading experience fast because the stock moves very quickly. Here's the steps: 0. Park all of your money except $3000 in the bank...

Let's say I do the following all on the same day: Case #1 1. Buy 500 shares MSFT 2. Buy another 800 shares MSFT 3. Buy another 300 shares MSFT 4. Sell 1600 shares MSFT at once How many PDT? 1 or 3 Case #2 1. Buy 500 shares MSFT 2. Buy another 800 shares MSFT 3...

I'm not trading for a living but do trade quite a bit. Recently have been trading QQQ options. I need to know what the rules are for wash sales regarding options. I had some losses in Dec QQQ options which were closed out in the beginning of December. Have since traded Jan QQQ...

Yes, there are tons of lines on the chart. However, you don't have to look at or use them all. And it is up to the trader to decide which lines they care to look at or not. I usually show all of the lines on my TS indicator just because it's easier to see when one of the lines is...

Yes, there are many formulas that people have used. However, a lot of the reason for this is that Murrey has figured out that the start date is key to using the method. Therefore, he doesn't want everybody to know what it is really based on without coming to the class, or paying for his...