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If by, "Snake Oil drummer selling "elixir", you are referring to the traveling salesmen in the 1800's they weren't selling coffee-colored sugar water: that was cocaine and morphine concoctions.

2 points is not a BIG fish in the S&P.

This is not a bad thing at all. People need to stop using credit to buy consumables. It's amazing how much crap one can do without if you have to pay for it with money at the time of purchase. The only item that credit should be used to purchase is a home. When buyng this home, one should...

So you are saying that you watch every day but don't take a trade every day? In your initial post you showed a 2 pt trade. Two pts does not seem like a 'trend' trade: I would consider it a scalp. What is your stop-loss on your trades?

Glad to see your post and look forward to hearing about your methods and results. Why don't you don't trade every day? I have been trading the ES every day since Dec. and I see 'trending days' about twice a week. Not catching them yet but I'm starting to recognize them in time to trade them.

The "gummint" is us!! I guarantee you, for everything that our 'gummint' does that YOU think is good, there is somebody else who doesn't agree. Same thing holds for what I think is good or bad. This is the weak hand of DEMOCRACY and it is still the strongest suit in the game.

Focus on your efforts to improve your finances (you're off to a good start): the women will follow. To start your trading career: 1) Go to Barchart.com 2) Click the 'Signals' tab 3) Starting at the top, find the first stock that trades options a) Verify that...

'Neo-con' is nothing more than an euphemism for 'Fascist'. The majority (or at least a very large number) of Americans have no problem with this philosophy. I don't know what the word 'terrorist' means. On 9-11-01 we lost 2000+ people in an attackk on the World Trade Centers. Since...

You're an idiot: have you ever met ANYBODY who doesn't like money?!?!

The RSI works much better on Range Bar charts than it does on Time-based charts. Of course, it will still stay Overbought or Oversold for a long time in trending markets.

My indicator, RSI, (for what it's worth) is highly overbought so I agree that the top is most likely in for the day. I don't think the low for the day has been made.

You need to open your mind, get rid of your preconceptions (what we dont know CAN hurt us), and take the advice to "consider" futures. If you are 'daytrading' there is only one reason for eschewing Futures in order to trade stocks: Ignorance. Leverage & Diversification using index futures...

What is 'CNBC'?

Where does this BS come from? Our invasion against Iraq and cost over 100,000 Iraqi deaths and 4,000+ American deaths. Saddam was tried for the deaths of 140 people. Most of them, rightly or not, were sentenced to death in court. Bush oversaw the execution of 135 (or so) people during his...

It is not nice and bad karma to find joy in others misfortune. It is fine to track the annoucements of posters and report them, good or bad. However, we should hope that those making bad calls have their stops in and encourage them to keeping trying. IMHO.

I can't believe this idiotic 'joke' is being resurrected again to try and explain an economic fact. In the joke, people are splitting the bar tab. In REAL LIFE it isn't a case of 'how much of the bill are you paying versus the "other guys". In REAL LIFE, it is a question of: How much can...

I think a thread on the use of "your/you're" and "there/their/they're" would be useful.

FWIW, I'm looking for a move to the 1440-1450 area at which time I plan to buy S&P Puts with an expectation of falling back to the 1390 area. Consolidation the rest of May (post expiration next week) then a strong up move throughout the rest of the year. I could be wrong.

You aren't really trading 'against' the best traders in the world. It is all about you-against-you. At least that is what I've found. Honor your stops and let your profits run (easier said than done for me). The 'fake outs' in the ES can cause you the most heartbreak because it is sooo...

I understand that mastering trading is very difficult and expensive: I've spent two full years trying and another 9 working on it part-tme. Between losses, books, software, seminars, courses, quotes, and lost opportunity income I would say that I am 200K in the hole. I am lucky in that I...