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Predictor - andras is right. It wouldn't matter whether there was a daytrading firm in the Turks & Caicos that would take your account. If you failed to report your trading transactions at the end of the year, you'd be committing tax fraud. As andras said, it doesn't matter where your MONEY...

Sanity check - freedom of speech is great, but there is a practical side to exercising it. For instance, your freedom of speech ends where it impacts anothers freedoms or where it defames the character of another (certain celebrities and public officials are excluded from this). Example, you...

Wareagle - was that book mostly geared toward inexperienced hires (i.e., undergrad/grad school graduates)? There is at least moderate similarity in the process among those industries for those ranks, but the experienced hire process is very different and what they're looking for are naturally...

Nick - sounds mildly interesting, but can't see it as a substitute for just using good old trade/position management techniques.

I agree with Sterling. I used OT for several years. Basically I could get a list of trade candidates from it but don't think you can realistically trade the "signals" it produces. Neat idea in theory, but just didn't see it working in practice. After getting a list of possibles, you've...

Wareagle - Wow, I'll have to look up that book if for nothing else to see how the heck she manages to put three dissimilar jobs into one book. I did Big 5 consulting for about 10 years and also worked with a bunch of IBs and traders (institutional and private floor traders) - there's not much...

I believe you'll also find that they don't necessarily match the DS & BP calculations that Trade Prospector computes either (sometimes close, often times off by one or more points). The old pivot point calcs were put together by futures pit traders decades ago and were replaced long ago by...

It's the same as EVERYONE's 10am or 1/2 hour or 30 minute or whatever you want to call it rule. You don't enter on a gap open (up or down) and wait out the first half hour. Then you consider trading in the direction of the gap if it breaks out/down from the intraday high/low (depending on...

Just my two cents - but "breakouts" are classified as such because the price is presumably breaking out from an area of resistance (usually multiply tested). But support and resistance aren't the laser beam thin lines that many traders picture them to be. There's usually some degree of...

zboy - sounds like it should work the same for you - a bullet is a conversion which is basically a zero width collar. That must mean that IB is allowing you to go naked on the short call. Many brokers wouldn't allow that. Alternatively it means that if you're selling the stock and buying it...

I might be remembering it wrong, but I think bullets were popularized in the early 90s by hedge funds and private trading firms (who could get special margin treatment) as a way of trying to beat the uptick rule. As I recall, you start off by putting on an effectively neutral stock and option...

Dig back through the threads - there was a discussion about them a couple of weeks ago. I think Michael Norris has accumulated a bunch of the posts in the thread titled "High Percentange Returns and Winners"

Don't get me wrong, I like Tony's books - but I'm always curious about exactly what criteria is being used when someone classifies themselves as a "best selling" author? There are lots of trading books out there that have sold lots and lots of copies. Are you using a definite objective...

Andras - sounds like you might want to consider position trading (especially if you protect the positions with options) or option spread positions. You don't need to watch them intraday and they have controlled risk.

Tried it for a couple months out of curiosity to see if there was any special value (especially at those prices) or at least if there were some new ideas. Found neither. I agree with a previous poster - if you're looking for education, this isn't the place. Also, trade management is so...

praetorian - technically the market is not entirely a zero sum game in the normal sense and certainly not on the microscopic timescape. If a stock traded sideways within a trading range forever, then you'd pretty much have a zero sum game. But that doesn't usually happen because unlike a chess...

Heads up! Alan "the Wolf" Friedman is apparently again pilfering email addresses from bulletin boards and/or using those board's email services to send spam to members. I just got such spam for old "Hype-a-long Cassidy's" option picking service via EliteTrader's member email function. I...

Re: XpressTrade - they've got a great feature called electronic contingent orders. This lets you enter a primary order and up to two follow on orders that are entered contingent to the primary. Makes it simple to automatically create an initial stop order (and even an OCO exit order) based on...

Finn - as was noted, with your order posted only on ISLD, you can only execute on ISLD. There may have been 10 MMs sitting at that price (although if they were sitting at that on the ask and you were selling, they're not going to buy from you since they're trying to sell too). But in any...

Tracking stocks like SPY (S&P500), DIA (Dow), and QQQ (Nasdaq-100) are unit trusts. They spontaneously create blocks of shares as required. The unit trust maintains a portfolio of the related index's component stocks in proportion to the number of tracking shares outstanding. The stocks...