Search results

  1. M

    RTH looks different

    On stockcharts it looks like an interesting resistance becoming support situation on the weekly.. http://stockcharts.com/h-sc/ui?s=RTH&p=W&yr=3&mn=0&dy=0&id=p98088252586 But the attached chart generated on optionsxpress shows a different picture all together.. the line of drawn on the...
  2. M

    Schwab anyone?

    Anyone here who uses Schwab are they a progressive broker? Any cool tools or software they have (particularly for options trading, position analysis, etc. like thinkorswim have?) I have heard they are a pretty old school broker that hasn't caught up with the times? I will be opening an account...
  3. M

    Best place to park cash for intermediate periods?

    Sorry to hijack your thread.. but it kinda relates.. I'm thinking of opening an account with Schwab and heard (will confirm with them) that they have decent interest rates.. I will be depositing a sizeable (albeit no huge) amount. Does anyone have an account with Schwab at all? They are a...
  4. M

    random number trick in "My Favourite Trading Tools" Larry Williams seminar

    Ok, so maybe I am completely dense or something, but if anyone has seen this seminar from 1997, when he gets the 5 digits randomly selected, then produces the exact number from a bunch of numbers on a card he put aside before the show. Please someone enlighten me on how he did this?
  5. M

    Broker with card withdrawal option

    thanks.. yeah I guess they can support anything but I've only ever traded stocks and options so I need at least those two..
  6. M

    Broker with card withdrawal option

    Thinking about going with Schwab Global (I'm in Australia), min deposit is 25k which is alright and they provide no-fee debit card. Anyone know any others that I could consider? Etrade is another but.. ughhh.. Basically one of those money management broker service dealios.. any...
  7. M

    Broker recommendations

    Any decent sites or blogs with broker comparisons in particular whether they accept international clients and methods of funds withdrawal/deposit listed? Thanks
  8. M

    how to know when you're ready

    Thanks for the input. The bid/ask can be a nightmare obviously with spreads and the like and your thoughts on options for the retail trader are highly justified.. recently read "Come into my trading room" by Elder and he doesn't seem to look on options trading so fondly. Even Van tharp I believe...
  9. M

    how to know when you're ready

    Thanks drcha, I am still learning (obviously) and granted I have a long way to go, but I believe that at some point someone must find the courage to dip their feet into the water. When I first started trading stocks I did the exact same thing.. start with embarrasingly small position size like...
  10. M

    how to know when you're ready

    So I've been sim trading for a while and have had decent success, not new to trading, but options were pretty foreign to me until I started learning about them seriously since late last year, but I think I have a pretty good handle of at least the basics. For some reason tho, due to the involved...
  11. M

    Ratio Backspreads - good 'now' strategy?

    I'm looking at doing a few call ratio backspreads on a few stocks, but I think this is a low vol strategy for obvious reasons, ofcourse 'low' and 'high' are always relative, ideas? Thanks
  12. M

    I've got 5K, what now?

    When sim trading have one real money position on at any one time. Simply pick one at random and go with it.. helps ease the psychological barriers instead of being thrown in the deep end right away.
  13. M

    I've got 5K, what now?

    I think as a general rule it is recommended that you trade one position (or commodity, contract, etc.) for every 10,000 dollars you have.. guess that means you can only trade half a position? Seriously tho.. if you really think your ready (or just can't wait to lose your 5k) then just trade...
  14. M

    Trading as a business

    I do, but I also like to keep myself busy with other things since I don't trade every single day of every week, and have an income to fall back on if the markets don't happen to be to my liking. Being diversified an all that. Back then however, I was still somewhat naive about trading (even...
  15. M

    Trading as a business

    Not through trading, but I did it successfully with affiliate marketing. Infact I started with 2k. Gradually built it up to 40k before the end of '05 (started in May '05) and through till the end of 08 was making enough to support myself and still have enough to keep the "business" running...
  16. M

    Trading as a business

    Build up 6+ months of living income profit to ensure your all set for the forseeable future instead of trying desperately to make next months rent, etc. Be prepared in advance for when dry spells (no high prob trades), drawdowns, etc. hit Less stress = better trades
  17. M

    Bull Put Spread

    How many people let credit spreads exp worthless? There is a great deal of gamma risk associated with this, no? Obvious bonus is no two bid/ask's to close off the trade which has the advantage over debit spreads.. How many people trade credit spreads all year round or in low volatility...
  18. M

    theoptionslab

    Hey, The IV and price boxes are shaded and I can't change them for my values, it just uses the latest market info. If I try to it just reverts back to market price when I hit refresh. Excellent website nevertheless. Cheers.
Back
Top