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Hapaboy - One of the Trade Prospector functions is a daytrading index that's probably the kind of information you're looking for (relative ranking of stocks good for trading). Then you can use their support/resistance projections (and/or their realtime charting software that automatically...

dagve - As noted earlier, you need to be able to manually or hopefully automatically optimize an envelope study to the particular security. The idea being that you're looking for an envelope width that tends to be about where a swing/reversal will occur. Bollinger Bands are used...

babak - "cancel out" and "neutral" aren't the same thing. if you look at the setup again it is completely neutral (the net cost of the position is 60 which is the strike on both the calls and the puts - so you will neither make nor lose anything regardless of where the price goes). The...

George - not sure how EchoTrade would be using the term "haircut" in conjunction with a strategy. The classic definition of a haircut (as used by the futures exchanges where the term originated) is a discount against the face value of an asset posted as collateral or security against which...

Baron - just a quick aside, the futures vs. cash premium arb program was indeed a fairly simple system. About the only thing that differentiates the firms who use such a program are their own specific parameters for execution costs, carrying costs, etc. that factor into at what premium...

traderx - couple of thoughts: 1. Yes, large continuous number crunching systems can be used to take advantage of short term arbitrage opportunities for very large profits. It's done all the time by large trading houses, some of which do little else and pocket millions each year doing it...

babak - Tharp is certainly entitled to his opinion, but the most successful professional equity and futures traders I've met all gradually scaled out of their positions as they moved in their favor. Their common approach was to move their positions to low risk as quickly as possible by...

Check the CBOE website and look under Splits & Mergers in the Trading Tools section. You can then lookup the affect of a specific split or merger on the related options. Not all option contracts represent 100 shares. Depending on the nature of the split or merger you can get some pretty...

Parabol - most of the sites already named have some good education. You may also want to check out Trade Prospector at http://www.3mtrading.com for trade selection and planning - you can use the program to look for candidates and define trading plans yourself and/or use their swing trading...

Good points MJT. Let me throw one more thought out: Taking incremental profits also gives the trader the flexibility to give the security more room to move. Any futures traders can tell you this can be extremely important. For instance, there used to be a general guideline among S&P...

The purpose of incremental profit taking is to lock in profits while at the same mitigate your risk. Suppose you enter a stock at 90 with a 5 point stop. Now it moves to 95 so you decide to adjust your stop to breakeven. Now it drops back to 90. You just walked away with a breakeven trade...

Remember that there are 4 contracts in each year (March, June, September, December) and they will overlap in time to a certain extent. But the NDX contracts (more than the SPX) tend to only really start picking up trading volume in the next contract period about a week or so prior to the...

Only a fool (with an unlimited cash supply) uses a Martingale-based approach (whether in a casino or the market). Sure, if you're an Arab sheik and can keep doubling your bet EVENTUALLY you'll win and get everything back (assuming you're at a no limit table). But that puts you in the...

To side step the issues associated with manging money for multiple people (like licensing and Fed/state paperwork), you can create an LLC or LLP. Then have each person "invest" their cash/assets in the LLC/LLP and thus have a representative share of the company. You can then trade the...

Parabol - What are you looking for - only education or swing trading picks and trading plans? Are you looking to swing trade equities or indices (via tracking stocks)?

As praetorian noted, the tracking stocks probably aren't worth the effort to daytrade because of their smaller trading range. However, they can usually be effectively swing traded over a multiday timeframe for good aggregate point gains if that's more to your liking. As always, stop management...

elon - a quick question: I'm curious why in this post you sound like a happy user of an unrelated outside service ("One service that helped me help my clients is a service..."), while in the Spread Trading thread you say "...WE do offer a spread service..." and you cite the same service in...

First off, selling puts is NOT "unlimited" risk. This is a common misconception. A stock can only go to zero. So there is a clearly defined maximum risk in such a trade. It may be more than you want to assume in the event of catastrophe, but it is not unlimited. Selling calls is another...

Banks that operate in tax havens but that also have branches in the US or a tax treaty country have already set the precident of divulging account info (most especially if they have any operations in the US). Most legitimate banks now require a copy of your passport before opening an account...

Hey, let's face it - paying taxes sucks!!! None of us gets our money's worth - the schmucks in Washington take it and either piss it away in socialist "share the wealth" programs that, while bad enough a principal to begin with, often end up wasting 50-80% of the money put into them in...