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  1. T

    WizeTrade

    Agree, and this unfortunately is what most of these pitches are, and not just in the stock market.
  2. T

    WizeTrade

    The way I see trading, there are three ways to make money, scalping orderflow, arbitrage, and exploiting supply/demand imbalances. Since WizeTrade is not scalping software this leaves two options. Arbitrage opportunities disappear rather quickly and the more players, the closer the return...
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    Going down with the ship ...

    The statistical answer to this question is the number 7, hence your answer absent of any other information should be 7. But the piece of information absent is wether or not GreenDog knows it is 7, and without that the trade has no edge.
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    WizeTrade

    There are plenty of posts about wizetrade on the site. To sum it up, no one sells a dollars worth of information for fifty cents. Having read through their promotional letter, there were some references to program trading that were outright misrepresentations. Mac
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    Best and Worst CNBC Commercials

    I have the AVI of the Smartbeep commercial. I play it every now and again for a good laugh. I think they were trying to sell pagers, remember those from the dark ages? I think the PlaceWare is selling the convenience of not having to travel. When I traveled a lot there were flights where a...
  6. T

    Holding (option) positions overnight

    Paulus, One thing to consider is the volume of the options that you are trading, in most cases you are going to get the biggest surge in volume at the beginning or end of the trading session. Unless your timing is genius you will need this to avoid paying a huge spread to exit a position.
  7. T

    What Indices do you track?

    Push, I do this at the end of the day, not real time, so I am not sure if we will be on the same page. But I track all of the ETFs and a few Closed End Funds just to get an idea of what baskets are strong or weak. These are available at www.holders.com and www.ishares.com Including the...
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    Best and Worst CNBC Commercials

    I like the new ?NetWare? commercials where the lady on the plane is pretending her baby is flying and it throws up on the guy sitting beside her. And the one with the Asian tourist and the guy that runs in to the side of the bus.
  9. T

    Utility Stocks as an Indicator

    This crosses my mind, and I don't know a whole lot about utilities business structure. But if you look at what has happened to T after they lost the monopoly on long distance, spun off the bells and the once high flyer lu. Now companies that never really had to compete are dealing with open...
  10. T

    Utility Stocks as an Indicator

    Chas, I keep a chart of VGSUX which is the vanguard Utilities index. Over the past 10 years 2 of 3 times it yielded 6% (according to Big Charts) there has been a nice upswing. It is currently a hair over 5%. However, with deregulation and XEL, TXU, AES, ILA, etc, etc. who at this point can...
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    Why Johnny cant trade..........

    Why not ask why Johnny can't: Start a dry cleaner Run a restaurant Be a building contractor Run a day care center The fact is, 95% of all businesses fail in the first 5 years. Why? Lack of Capital Lack of Knowledge/Experience Failure to plan for contingencies...
  12. T

    bars vs candles

    I hate going to bars that have candles. But for trading, I think Nisson did a good job in "Japanese Candlestick Charting Techniques" to add a few visual techniques to the basics of a chart. So except for the longer term charts I use candles. Long term, a line does the trick.
  13. T

    Vocation, Vocation, Vocation

    For the next 20, we are going to have to figure something else out. [/B] Puffy, It is sort of funny how you can almost tell when a trend will end by the number of books on the subject. I was reading a semi-biography of a guy who was around after the 29 crash. One of his quotes that...
  14. T

    Vocation, Vocation, Vocation

    Thanks, I will check that out the next time I hit Borders. It has been hard to find original content lately, guess a bear will do that to books on the market.
  15. T

    Vocation, Vocation, Vocation

    That was a great post. Was the book as good as the Millionaire Next Door?
  16. T

    Help with interest rate hedge?

    The fed funds futures seems like the most precise way to hedge yourself. One other option that comes to mind is to short one of the new I Shares Fixed income products. I don't know the ticker for the short term treasury etf (SHY)? TLT is the 20 year Plus bond and LQD is the corporate bond...
  17. T

    Giving advice to others

    Jem, This is my opinion, backed by some empirical research. First, most people just want to talk about it, and they will never act, so a brochure will do the trick. I always send people to Vanguard, they are on the web. They have by far the lowest fees in the business. Low fees are...
  18. T

    Home Builders

    I was at a party on Saturday night and a rather smart person employed by NT gave me the well renting is like throwing your money away. Second time I've heard that in a week. Isn't that the same thing we all heard two years ago about not taking advantage of the company's 401K. People are now...
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    NEXTREND problems.....

    I spoke too soon. Both IB and nextrend have been acting up today. Time to go feed the ducks and eat some chicken wings.
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    NEXTREND problems.....

    I started using Nextrend when QQL went belly up and have had good responses from them for any questions that I have had. Is it possible the problem is with your ISP?
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