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  1. I

    pattern day trader - the ARROGANCE rule

    the rule only applies to margin accounts. You can daytrade using a cash account with settled funds (options settle the next morning). That's what I do.
  2. I

    what trade to put on in this mess

    .ndvnl $NDX 1600 put
  3. I

    what trade to put on in this mess

    I'm about to enter with a 10% stop and will plan to exit within the last hour.
  4. I

    87 crash

    Where can I find a interday chart of the 87'crash? I know the market gapped way down moved up in the early AM and then continued lower. But if would be nice to see a graph. And it might be useful for tomorrow.
  5. I

    Index options v futures options

    I trade ndx and sometimes spx options. How do options on the index futures compare? Is there better liquidity? Do they move as much on a percentage basis?
  6. I

    "Why Technical Analysis is Nonsense"; Views?

    Ed Seykota, Paul Tudor Jones, the list goes on, all have done extremely well using TA. The "prince" is misinformed.
  7. I

    Stops

    I trade NDX options and I have always used mental stops. But the other day my mental stop was hit and I froze and ended up losing much more than I should have. I no longer trust myself and I want to set the stop so that it will execute automatically. Is there any problem with placing a stop...
  8. I

    Russell 2000

    on a 5min chart that is.
  9. I

    Russell 2000

    seems much more smooth on a chart compared to the $NDX or $SPX. I was trading $NDX options and have now switched to $rut options.
  10. I

    Why complain about the spread

    I don't know, I've traded futures and options but never futures options. How do they compare?
  11. I

    Why complain about the spread

    I mostly trade NDX options but am considering switching to RUT. One trade per day because I have less than 25K so I use a cash account and after the first trade my funds are unsettled until the next morning. This way I can make 5 day trades per week with less than 25K. I use a 10% stop.
  12. I

    Why complain about the spread

    I hear a lot of people say that you can't do well daytrading options because of the spread. I day trade index options (1 trader per day, holding time 20min-4 hours). I use a limit order and go in between the bid and ask for entries and exits. I don't understand the problem.
  13. I

    How do you know when to stop trading for the day??

    I do 1 trade per day. Daytrading index options using a cash account. I can't put on another trade because my funds are then unsettled until the next morning. This mean that I try to find the best setup and I can't get into a loosing streak, for the day.
  14. I

    Best stocks for daytrading options

    I use a limit order and go in between the bid and ask. I aim for half way in between and this usually works.
  15. I

    Best stocks for daytrading options

    Which stocks make the largest interday swings and have adequate option volume for liquidity?
  16. I

    Moneytalk

    I was listening today and the guest was talking about Investor decision making. In summary he said: 1) Buy low sell high 2) Don't buy "hot stocks" 3) If you want to buy a stock wait 2 weeks 4) Investors close loosing positions too quickly! I think this guy is full of crap and has...
  17. I

    Dumping into close 11-19?

    The low of the day has formed and we will move up into the close.
  18. I

    11:10 reversal up

    The rest of the day will likely be uptrending, in my opinion, based on the reversal up at 11:10.
  19. I

    thank god for the Pattern Daytrade Rule

    I daytrade with less than 25k
  20. I

    thank god for the Pattern Daytrade Rule

    In a cash account, trading index options 1 round turn per day. Options settle the next day, unlike stocks.
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