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Bitstream -- dump which idea? Forex? Or trading in general?

Hi -- I have evolved into a directional swing trader, but one with a day job in the eastern US, which means US markets are, essentially, off-limits for intraday swing trading. Any thoughts on where I might find an arena to fit my schedule. Forex is an obvious choice, except I can;t quite shake...

This discussion (and thanks for everyone's response) raises the big question, the one that always seems to loom in the background when spot currency is discussed... Is retail FX a giant con? Watching these pairs, they just don't "act" like liquid markets I've come to know -- i.e., the s&p...

I'm trying to decide where to open an account. I'm a small fish. 20k account size. Help!

Thanks Bitstream...time for me to check out futures....

Bitstream -- Thanks, in advance, for your patience here...How am I paying more for the 20:1+ leverage of a SPY ATM contract than I am for the 5:1 leverage of the ES contract? The underlying has not only to move in your direction in order for you to profit from the option but it has to do so...

Hi -- My last post was in response to Trent... Bitstream -- Thanks as well. I have been consistently profitable over the brief time I've used this system trading it on the SPY options -- even for scalping moves through trades of perhaps 20 or even 10 minutes duration. I've never traded...

thanks...but here's where I keep tripping up... Futures offer 5:1 leverage, correct? Options offer 20:1 or, depending on the time to expiration, even more. It's not hard to find a broker who will charge you $1.00/contract each way for your options trades. Are futures commissions any...

Hi -- Foir the past year or so I've devoted a stupifying amout of time to developing/refining various swing-trading systems, most of which sucked, but one of which seems quite promising (newbies take note: This stuff ain't Minute Rice). Recently I've started trading it, with success, using SPY...

no...what happens?

by the way, following RIMM? Any thoughts about today's, ummmm, interesting price action?

pure dumb luck on my part. that's, by the way, my secret -- equal parts dumb and luck, which may explain, in part, why i've never made a dime at this....

I got in today on 10 contracts the Feb 15s at 2.75. Then, because I'm a cheap bastard and do not believe this will close much over 15 tomorrow, I sold 5 contracts of the Aug 15s against them for .40, which was the peak of the day, apparently. If I'm right, the short sale reduces my cost basis...

i mean, my ten contracts long will always be worth more than my SIX contracts short....

Bought back four of the aug 70 calls, which I had sold for .85, for .75. Now I have a "ratioed" calender spread -- 10 contracts of the sept 70s long, six contracts of the aug 70s short. I have no upside risk -- my 10 contracts long will always be worth more than my four contracts short -- and...

Palawan, thanks foir the thoughtful reply. May ask, have you build up actual equity throlugh trading of straight options?

maybe we can start a thread...."crappy stuff on the web"...a kind of "buyer beware" of the junk out there. come to think of it "instant profits" might be the perfect title for this thread after all.

anyone heard of this thing/used it? apparently it's gussied-up channel trading. are any of these web jokers the least bit embarrased to be peddling stuiff called "instant profits".

Yes, first law of trading, as in life, know thyself. And good luck to you, too. Hey, I'd love to hear your take on my questions to Palawan, as well, if you're up for it...

...or i could have just closed the damn long call in the first place.. Palawan, how do you do it? How do you stomach the 50 % drawndowns in your position, all the while knowing that time decay is slowly gnawing at your equity? What kind of money management do you use? How do you determine...