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Dozu, I took a break for supper in the middle of my message, so I did not see yours until I posted mine. It looks like we have come to very similar conclusions re market levels and conditions.

Dozu, for purposes of comparison here are the summary results of the testing I did on a very simple system for the NQs last year (2000). The testing was not rigorous, it did not include every day of the month and the exclusions were random, not based on systematic predefined conditions. Also...

If you are correct Pejman, my mistake was in taking Don's words literally. Perhaps you have a closer knowledge of his operation than I do and were therefore able to avoid this misinterpretation.

Believe it or not Protrader my comment really was intended to be constructive. I have run a business unit and I know that it pays for the leader of any business to concentrate on what he must personally do to make the business successful and pass on the less-challenging chores to those who are...

Don Bright told us: "I am upgrading the website in January. I am not a fan of "bells and whistles" or slow downloads (and I know it is pretty basic, I do it myself). " Now both you and Chartwiz have both told us that you do your web-site design and building yourselves. I am scratching my...

Just read my message again. - 300% in my best year means "dash" 300%, not "minus" 300% I'm not that bad! :)

Thank-you for your suggestion Chartwiz. I am sure it would suit a lot of people, but I'm afraid that writing naked options just doesn't suit my temperament. I really am a rather risk-averse person. The two reasons I gave for looking at options indicate this. I have sometimes written naked puts...

You are correct on both counts. Unfortunately, although the snow is only a few inches deep so far, it will probably be near the end of March or later before I can golf again. If you would really like me to go golfing, you and others who feel similarly are free to take up a collection to send me...

I do understand options quite well. That's how I built up my account years ago. But then I was looking at a longer time horizon, trading intermediate tops and bottoms on a several weeks basis, using the leverage of options to magnify my results. Is time decay that important an issue for a...

Is is credible to swingtrade on a several hours to a few days basis using options rather than the underlying stock or are the spreads just too much of a killer? There are two reasons for my enquiry. It would appear to avoid the really devastating effect of huge overnight price shocks and...

Thanks for putting so much effort into such an informative post. I am undoubtedly intuition challenged, but I did have trouble with this point: "How many times have you seen a bid get hit and then saw the bid step up to a higher level, only to get hit again, and then move to a higher...

Now how about a bill to stop the exchanges from charging fees for real-time data. I think it is an abuse of monopoly power. A think that really burns my butt is that US traders get Canadian real-time data much cheaper than Canadians do. What a rip-off.

Jem, I think I agreed with your point about a good chatroom making a difference to an already knowledgeable trader on page 3 of the thread. However, I should have said "inexperienced trader" in my first sentence. That was my intent.

Regarding RealityTrader "I have not visited their daytrading room though I hope to in the near future. " Daytrading should read swingtrading. My quality assurance is slipping. :)

To start the thread Limitdown asked for some feedback on chatrooms. Here's mine. They are my honest observations and are not intended to be inflammatory. Representatives of three chatrooms have responded to the thread. Here are my observations concerning their efforts. RealityTrader -...

Sorry Chartwiz I cannot find the errors for you. Quality control, like advertising is a normal business expense, as is proof-reading and editing.

<b>Personal attack mode - Off</b> My view of chat rooms is that they will no more help a person become a successful trader than will watching a heart surgeon operate allow the man off-the-street to perform open heart surgery. Another example might be watching Tiger Woods play golf a few...

<b>"This is becoming quite a crusade, Don, isn’t it? Please don’t continue in this or any other thread with your negativity – it is beginning to reflect badly on yourself and what you stand for – I normally enjoy your posts. "</b> Absolutely it is becoming a crusade and I will...

I find this orgy of mutual backslapping and self-promotion quite sickening. However as the vendors routinely cross-pollinate each others sites it is not surprising. Together with Hitman's unpaid advertising for candidates for his trading team it marks a new low on the board. If I were Baron I...

I expect Hitman is sending you an email to recruit you for his team as we speak. Seriously though, 1 month is a very short trial period. How extensive and rigorous was the backtesting of your system?