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this is an interesting article: http://www.cnbc.com/id/34236376 talks about tape reading, which all of us who are daytraders do all the time.... -k

I need to make the "fight the transaction tax" a recurring theme in my emails to my traders; any suggestions on what to tell them to specifically do, other than 'write your congressman?"... thx, ken

+1 well said I hope we can make a big change in politics and who's in charge asap, starting with next year's elections. Politicians who get elected by 'the masses' by promising to take from the rich to give to the poor need to be voted out. Hopefully everyone understands the big...

I have a Sig 226 in 9mm and of many guns I've fired/owned over the decades, it's my absolute top #1 favorite handgun. If it's good enough for the Navy Seals and a lot of PDs it's good for me. The accuracy, balance, and "return to zero" during rapid fire and triple taps is unparalled...

I like that Geithner said "I haven't seen a transaction tax proposal that makes sense" and that later he said it should be proportional to the size of the institution, which is great for individual traders. It certainly sounds like Geithner is against what's been proposed so far, which is good...

+1 oldtrader well said This would wipe out daytrading, and a lot of swingtrading as we know it. Let's hope it doesn't pass. -k

mine went offline a few minutes ago too, help number is busy.. ah well at least I'm not missing a big market rally close, it's flat here today this last half hour so far

well said.

i hope this doesn't pass... problem is there's a lot more poor people than rich people nowadays, and the poor people want to tax the not-so-poor... and with the people in power trying to push for more taxes, that's bad for all of us (who work and are active traders)... btw does anyone know...

Quote from total_keops: . . . Not doing a forward test. This is refered to as curve fitting. absolutely true (I used to be a statistician).... Back testing is thoroughly worthless. That concept is sold by vendors who can't prove they're profitable. What counts...

this is very true... well said! i really like how you put it...

exactly. greedy tax and spend politicians are assuming behavior would be the same and dollar signs light up in their eyes, of course however if this tax passes it would only suppress most active trading activity, so they get hardly any money, and we don't get to trade, a lose-lose for everyone...

great post cstfx, well said, earlier... and agree if we can get cramer/other media figures to speak out against it that would be a *big* help... since this is a media-driven administration elected by poor people who want to tax us hard working traders. curious would this affect forex trades...

I remember the last time things felt like this, back before the @#$ 25K PDT rule was passed; people saying no way.. and remarkably that stupid rule is still in effect and nobody repealed it. I can understand 5-10K, so there's no more "I bought an island using my magic software from a laptop on...

Where's that link again, to write your state's senator/congressman? That's something I remember filling out months ago. I'm also adding "if you support the transaction tax bill I will not vote for you in your upcoming election, nor will my family members - thanks in advance for your...

It rears its ugly head again, http://thehill.com/homenews/house/56789-afl-cio-dems-push-new-wall-street-tax I hope this doesn't pass; it would kill active trading as we all know and love it, I think... I'm looking forward to new elections so we can get back more business- and...

great ideas, thanks all - I did that today, minimized my IB/esignal windows at exactly 11am, stayed out.. got back in only later in the day after 2pm (especially that SQNM breakout), and ended up the day net profitable by over $140, so thanks.... sometimes it really helps to have the...

lol I like the rubber band idea... :) It's just that these markets have been so good for trading the last few months I'm having a hard time resisting trading throughout the day... I'll check out the alarm too, that may help. Even with a decade+ of experience, it's still hard to resist the...

Hi - Grr. I turned a winning morning into a losing day overall, net down -$56 so not too bad, but still. I kept track of my percentages, it was a down/choppy Friday yet I overtraded it, stocks like HEB were great in the morning, not so much in the afternoon: 8am-11am 34 winning...

That's a good point about staying at a level w/continued success ... need to slowly start doing more, stabilizing success at each level, before moving "up" in size.. agree 100%... right re liquidity constraints... and as I trade up more size, will need to be more patient using limit orders...