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  1. M

    What was your first computer

    386. 8th grade. 1988.
  2. M

    IWM setup 5/7/11

    I am going to guess RLS settlement, this Friday...... 805 ish... hopefully, a little higher than that.
  3. M

    My DAYTRADER story

    +1
  4. M

    My DAYTRADER story

    Yea, they do. Happens all the time.
  5. M

    Do you leave your trading behind for the day?

    Ha. Skill. The market doesn't have any rules. It's not like some 'game' you can master, like chess. That takes skill. With the market, you're kinda loosely playing your odds, loosely following your intuition, trying to get some feel for market sentiment... none of that is skill. Unless people...
  6. M

    Do you leave your trading behind for the day?

    Not really... Eventually, the house wins, no matter what game you are playing in the casino. Goal is to get in, let your winnings ride for a while, if you're lucky, and hopefully, get the hell out with more than what you had going in. Stocks, options, bonds, forex... pick your "game." Do it...
  7. M

    Do you leave your trading behind for the day?

    Can't imagine trading for a living... I have full time, non-trading job. Thank you, Jesus. I just do monthly/quarterly bets, with options on the RUT, for now. "Set it and forget it." Not really. Even doing what should be a fairly "hands off" approach to trading/gambling... I am...
  8. M

    I finally Quit Daytrading after 5 years

    edge, edge, edge... "you lost your edge." boo hoo. He never had one. No one does. It is an illusion.
  9. M

    Penson (PNSN) stock down on heavy volume

    It also takes a long time to move money with these guys. It makes you wonder. Sometimes 5, 6 workign DAYS for an ACH transfer (up to a calendar week). What is the deal, really? What's going on?
  10. M

    I finally Quit Daytrading after 5 years

    An idiot, calling another person an idiot. 2011 to 2025... wow! you can predict *14 YEARS* into the future! Your day, like all others who day trade... is coming. You watch.
  11. M

    Taking 5,000 to 100,000

    Hell yea! You can do it!
  12. M

    why I just loaded June calls on the silver train

    Thought he was looking for a double? 100% return? 35%? Chicken! ...but I would take that.
  13. M

    Flash Crash Coming

    Who cares about Flash Crash. Was followed by Flash/Instant Recovery. Just a minor glitch. That is the way the system works these days. It is to be expected.
  14. M

    IWM setup 5/7/11

    OK. And this relates to stock trading, how?
  15. M

    Engineer looking to make a career change into trading

    Not what made George Soros rich. If you follow the heard... I don't see how you can possibility make any more than break even...
  16. M

    IWM setup 5/7/11

    Looks like it moves up and down. Sometimes way up, sometimes way down. Technical analysis = CRAP, as is the title of another thread. Good luck, though.
  17. M

    IWM setup 5/7/11

    Means nothing. What happens if we hit 785, next month? A low, below the higher lows. Oh no.
  18. M

    What's wrong with Iron Condors

    The web sites are all over the internet... I won't endorse any of them here. I have mentioned them before though, in prior posts. You profit from credit spreads by the passage of time/evaporation of option value - that you sold. Like spoiled milk. You want to be the one who sold it, not...
  19. M

    What's wrong with Iron Condors

    Nothing wrong with them. It is just a matter of using the right method for the right market conditions. And right now... the market is good to use them. Don't listen to the "negative expectation," "no edge" garbage talk. It is all about price action, and return on cash, with these things...
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