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    Today is a day to remember

    me thinks you spoke too soon. :D
  2. I

    Wanted : On Demand Server Soft

    This software is "keyed" to your HD. If you can't afford it then you should not be trading either.
  3. I

    Acceptable Max DD?

    What do you guys think if one were to split say...200K among 5-10 of the top funds? Is this a viable approach? Or are you just buying the top of some managers' equity curves? Also, what about the old "survivorship bias" where the funds we see today are either new or survivors but we no...
  4. I

    Repair strategy for spreads

    So your intent would be to repeat this process over & over? Usually what happens after the stock makes a move in such situations is that at least 1 or both of those options could only be liquidated for less than you had assumed. (Not exactly a very liquid marketplace and VERY opportunistic)...
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    Repair strategy for spreads

    I actually have no problem with options in *some* situations. It seems to me that people who make a profit using options do so because they're trading with the right market direction. But when you have no clue/bias as to what a stock will do next, why would you buy options?
  6. I

    Repair strategy for spreads

    First of all, I'd suggest cashing in/closing out any/all options positions, then reconsider if you still want to own the stock outright...if not then dump it. Forget options...they're an illusion like now you see it...and soon it's gone! Consider also that when you buy an option to hedge...
  7. I

    Repair strategy for spreads

    You can play with it all you want...but it seems to me you want to have your cake and eat it too. Only thing is, in options, somebody else usually eats it first. (Problem with options IMO is that the transaction costs remove any profit from the trade over the long haul). Its like trying to make...
  8. I

    Repair strategy for spreads

    How about...if X happens and you try to hedge by being a buyer of options, you've just bought a rapidly depreciating asset. If you sell options, you just made your losing position bigger, more complicated and now have to "nurse" more sick patients. A great many instruments out there are...
  9. I

    Repair strategy for spreads

    Sounds like you're in love with the position. Just let it go. If the position likes you too, it will probably give you an opportunity later on for re-entry.
  10. I

    Prop Firms That Care?

    This is funny! Candlesticks! Thats it! Imagine that...a class on 'sticks. LOL Too many college dreamers hangin' around here lately.
  11. I

    Prop Firms with a base salary

    Who would be stupid enough to pay you to piss away their money? Would you like a 401K, health ins. and vacation time with it too? Me thinks you 'been daydreamin' too long in college.
  12. I

    IB Downtime

    Same here! Nothin....
  13. I

    ARCA uptime?

    You're right, it seems to be almost a conspiracy sometimes. Usually when activity picks up and you need to act, ARCA goes down and you have no choice but to send your order to the nice 'ol boyz at amex!
  14. I

    Is DayTrading Stocks Even Worth it Anymore?

    Quote from lundy: "daytrading is and was possible if u are physically present in the market place. " Yeah, the specialists at the Amex have their wallets open for you to pick. And most people are just great at doing that.:D
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    Is DayTrading Stocks Even Worth it Anymore?

    Quote from NihabaAshi: Hmmm... if you think Daytrading Stocks profitably is virtually nonexistent... I truly doubt someone will post something to change your mind. Someone once told me... doubtful traders...usually don't succeed or will fail soon. To an extent I concur with...
  16. I

    So, New Holy Grail System?

    How about a system like this: If time>930 then begin If dog barks then SELL; If cat meows then ExitShort; End; Probably better than above system.
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    New Trader tired of breaking even - Help!

    Quote from Deb Trader: "I started by reading Toni Turner's "Beginner's Guide to Short Term Trading," and Value Stock guides, plus some TA reference books. My favorite TA is Stochastics, but I also use RSI. " ***above methods will likely empty your wallet too. "My interest has been...
  18. I

    Disappointed with eSignal

    Quote from ramuk: "Last I heard and checked, these ratios are unavailable in eSignal. Will they be available soon ? " Do it yourself. x/y=z y/x=w If a data provider starts sending out these ratios, then the next guy will be asking the the 10 day average of all the ratios and so...
  19. I

    Creating my own index

    Ok, figured out how to attach a file here.
  20. I

    Creating my own index

    I was using about 60 "indexes" of my own design earlier this year. One idea I was particularly interested in was a "high beta index". Tried several versions of those. Such an index can make you think you're back in 1999! But eventually got tired of problems associated with slippage while...
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