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  1. cafeole

    What is your favorite charting platform and why?

    The free one my broker provides.
  2. cafeole

    Dec 5 Stock Market closure

    The New York Stock Exchange said it will suspend normal trading on Wednesday. "The exchange will observe a minute of silence to honor President Bush on Monday. As per our tradition, we will close the markets in observation of the Day of Mourning," spokesperson Kristen Kaus said.
  3. cafeole

    Trading is Boring.... Good

    I suggest that most jobs are "shallow" by your definition since people only have them to make a living. Ask most earners and they will say if they could, they would not work, at least not in the jobs they can reasonably get. Trading is no more shallow than working in a fast food joint or being a...
  4. cafeole

    Unemployed people kill themselves at around two-and-a-half times the rate of those in work

    We don't know which came first - depression leading to unemployment or unemployment leading to depression.
  5. cafeole

    Can someone help me with my first covered call?

    Yea, you have to buy back the calls if you want to keep the stock.
  6. cafeole

    Can someone help me with my first covered call?

    This strategy is used on stock you already own and want to keep for the long term because it is uptrending. If it is not uptrending it is not a good strategy (IMO) 1. You need to buy an uptrending stock you want to keep. 2. You have to predict the peak before a pullback and sell a call just...
  7. cafeole

    Billionaire Ray Dalio Says “Capitalism Is Not Working” for Most People

    The Pareto principle applies to many disciplines. He found this out in the late 1800s and applies all over the world. BTW, from Wikipedia - "The Pareto principle also applies to taxation. In the US, the top 20% of earners have paid roughly 80% of Federal income taxes in 2000 and 2006,[11] and...
  8. cafeole

    Billionaire Ray Dalio Says “Capitalism Is Not Working” for Most People

    Not just priceless, necessary. That is what the whiners are missing in their narrative - it is not about changing the system, it is about changing the tendency for a single parent family. And that is the fault of the parents!
  9. cafeole

    Billionaire Ray Dalio Says “Capitalism Is Not Working” for Most People

    I WAS born into it and I have no regrets or memories of unhappiness. We were a nuclear family in West Virginia and griping and blaming others was not allowed. We were DIRT POOR Appalachian family. I got married, went into the military, then to a university. I was 30 before I got out of poverty...
  10. cafeole

    Billionaire Ray Dalio Says “Capitalism Is Not Working” for Most People

    Generalities and statistics. Who are those in the 40%? How did they get in that shape? The devil is in the details, folks. Pundits don't want you to know the details, it spoils their narrative.
  11. cafeole

    Scalping: Do You Have or Believe in a "Sixth Sense"

    After having driven the highways of the USA for decades I can now pretty much predict what every driver I see is going to do. It is pretty much the same for trading with me. I get most of my calls right, just not how far they will go. That is why I scalp.
  12. cafeole

    Backtesting

    Have you looked into Quantopian?
  13. cafeole

    Why Trading is so Hard

    My point was to the advice of going to youtube for instruction. A newbie will have no idea what is good and what is bad. I agree with you about backtesting. Trading is an individual effort and blindly following anyone is dangerous. My strategy, my trades.
  14. cafeole

    Why Trading is so Hard

    The problem is there is a wealth of BAD information out there as well and most cannot tell the difference. Just search through EliteTrader looking for trading information and you find people with opposite views defending them to the death.
  15. cafeole

    Why Trading is so Hard

    I guess I would have to ask what lucrative profession isn't hard.
  16. cafeole

    Been brought up...

    SPY trades almost exactly like ES. Don't know about ES options. SPY options are probably the most liquid options there are.
  17. cafeole

    Been brought up...

    500 shares of SPY is about 1 contract ES. If you use SPY options, that would be 5 contracts per ES contract.
  18. cafeole

    You guys blowing out your accounts left and right

    Xela quit the forum and then was banned.
  19. cafeole

    creating a dialog box through trading platform API

    I did this with Java and ActiveTick. I think this is the best solution since you can use all API functions and all java capabilities. Should work for any language that the platform api supports.
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