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But I'm not sure how much that will help you. She's definetly good at what she does but I don't know how she's been doing recently. She's definetly much more commercial now than she used to be. Training seminars, chat rooms, a research website... all kinds of other goodies. She did teach an...

I know this economy will pull out of it's doldrums. We always have. Hell we went through a civil war, two world wars, korea, vietnam and president Reagan. We should pull out. Maybe we are more innovative in some ways than the Japanese. Like zboy said, long term puts on the indexes are a...

And nobody there had heard of this regulation. They said that the CME comes under CFTC regulation, not SEC regulation so they're a bit more independant. So I'm guessing that daytrading CME index options is still allowed. If the AMEX and PHLX want to screw themselves over by losing valuable...

so I guess I'm an expert. :) That's one thing that will probably not happen again. It was a catastrophic event caused by everything going wrong that possibly could. The past few years seem to have everything good. Tech innovation, relative world peace, strong build up of cash, good...

But let's face it... the market is not fair. Somebody on this board mentioned starting a day trading lobby. Why do you think everybody is scared of cutting the social security? AARP and their constituency. How did the pattern day trader rule get put in? The exchanges and institutional...

I don't know if you guys are into economics or not. I'm an econ major myself and all the recent fed activity is very interesting. I think Keynes talked about a liquidity trap where monetary easing would have little effect on boosting economic growth. The theory is that the fed is "pushing on...

Hey everybody. It's a sad day. We can't day trade options anymore. But Eurex trades 10 of the most active DOW stocks. Has anybody day traded options on Eurex? What is the liquidity like? What kind of execution can I get through IB? Is the Eurex an electronic Exchange? Any info is...

If this rule does go into effect, a trader could still join up with echotrade or some other proprietary shop that offers options trading. That way a trader could still day trade options. Right? On another note, why aren't institutions like mutual funds screaming their heads off about...

Check this out. Found it on the web. These accountants specialize in traders especially. www.greencompany.com The best way to avoid taxes may be to move offshore or use offshore banks. I know very little about this but it's worth investigating. Good luck dodging the tax man :)

Hey all. These are my first options trades and I guess it's beginner's luck but they're all up. Probably was a little easier because of the strong trend in the NASDAQ and DOW. It's kinda hard to miss in this kind of market. Reminds me of the good old days... ^_^ Anyway, I bought these...

I think it's around 45K. It's good. That's why the get all the Resumes. Good luck. The guy I knew who got in knew somebody trading for the firm. He had to wait a year before he got in. WorldCo might be a better bet. They're bigger and constantly have ads up on Monster.com. Check...

It does make good business sense. I read an article on Don Bright. He said Bright had a 30 percent success rate. I've heard the same from guy at ProTrader. With the desk fees and commissions they charge, they're easily making over a grand a month with NO RISK on a trader. What can they lose...

I'm not going to say whether these fees are high or not. I haven't compared desk fees. But for a new guy just starting out, ideal capital would be somewhere around 35 grand. 25 grand to get decent size without being too leveraged. 10 grand to cover apartment, food, desk fees, commissions and...

I was talking to Bucky Lee not you. I don't doubt your results. It's just that some people need to see the results for themselves.

I was thinking that random entry might work if the markets are volatile enough. It might increase returns with lower risk because you aren't stopped out as much. Of course, if nothing happens at your price in a few months, then nothing happens. But gains could be outstanding on the few calls...

Just wanted to know if anybody actually put up money and did this. Even more important, did you make money?

I think rtharp is right. In his dad's book, a certain market wizard "proved" random entry's effectiveness by backtesting a random system. It got good results. I'm going to find the book again or maybe somebody else can post the details. Point is, it works. And there's no need to back test...

I can almost believe that she knows what she is talking about. Almost. That's the original financial hottie.

I talked to a guy on vault.com who interviewed with FNYS. He got an offer but turned them down. The story goes that the CEO did the interview. The guy looks over the candidate's resume and says, "This resume sucks, you're not fit to trade with us." Then, the senior traders come in and start...

Any idea of the SEC's response? I understand how market makers would want to protect their turf. It's easy money in a lot of cases. This is almost exactly like the Microsoft case except for some reason, individual traders (who are basically just retail consumers) are being treated like scum...