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Anybody who has followed this type advice and learned from their mistakes, no longer listens to these predictions. One time I foolishly drank the doomsday cool-aid , sold everything and went short , then as the market slowly rose against me, I stupidly added more shorts impending the sure...

I think Cat may pull back, but will not seriously plunge. Trump says $1 trill. infrastructure play coming and he took the union voters with promises of high paying industrial jobs. This inquiry will probably result in a IRS hand slap with a plea to a minor fine, that will get balanced out...

True, your going North into Napa Valley, most of your more reasonable areas would be to the East. To get to " normal " housing prices you have to get to the valley , a long drive . Same scenario in LA area. I live in central valley, but used to live up north so familiar with discussed areas...

I am weeping. It is choices. 160k may not go far in SF, but there are a lot of other nice "sheltered burbs" in a 50 mile range where rent will plunge . But you join the hundreds of thousands of others who silently put up with the commute in the bay area. Choices Choices

High volume , closes near the top of the range. A top ?? A small to moderate pull back , sure, but then its back on the up elevator. Better use a tight stop on your short.

Agreed, you think near bottom, or another leg down ?

Thanks for a direct answer.

Do you see what I'm saying? IB is Peterffy's beast. He *built* it to withstand the crush of Massive Numbers Of People Acting Stupidly. And has seen his caution proven to be wise, again, and gain, and again, and again. Thanks, this makes total sense to the way they are handling this.

Yep, same experience with a variety FOP's : forex, oil, gold, NQ, YM, ES, etc. Anything with a short futures option regardless of structure you will be docked a large Initial margin penalty. Compare margin initial impact of any future, versus a far otm short option on same product. The...

True, Exxon a hold at best. There are much better stocks to put your money into Sometimes energy stocks seem to make big moves before the consensus is changed to buy. I keep playing Xom and some other oil/gas related stocks because of the stubborn support I am seeing in oil prices .

Hajimow, Caution friend, betting TO BIG on political policy talk can be costly. The market can act like it cares about the political chatter, then some unrelated economic news or event will send it moving big in the opposite direction like the politics never occurred. I have taken some...

I thought CL would drop big with high storage number. Further most of drillers and service companies recouped the losses from early day and added small gains. Seems nobody want to loose their positions. I am holding .

Done the same thing to many times. Betting on Earnings NOT WORTH IT. The beatings you take when your wrong do a lot more emotional damage than the winnings when you are right. If you must absolutely play earnings, buy a couple short duration options with a small bet like there lottery tickets...

BP yes, I sold some short ITM puts today, because I will take the stock at this level.

NE I play but longer term , so CCalls fine. NE offshore drilling which I don't think will bounce as quickly as on land ( But I am no analyst, just a guess ). I don't want oil to drop to much because then everything we are talking about will collapse like a cheap tent and just sit there. But I am...

Thanks, No missed that today, that reaffirms my conviction, hopefully a rebound.

Yes, for last 2 weeks I have been buying on spikes down, then selling on rebound stalls, the result has been a series of small profits, not the goal but the belief a good bump in the oilfields is around the corner. I will keep doing this with direct share purchases and some scaling in with...

Thanks for sharing this , have done, look forward to Non freexe trading.

I have the same problem, have run TWS for several years , never a problem, but in the last several weeks have noticed frequent freezing. It got to where a few weeks ago would have to exit via Task Master about every 2 hours. Did the java updates, reloaded etc. minor relief, but still froze a...

Been trading full time for several years , interested in possible meet up with any other traders in the area. Contact me if interested.