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I usually short stock options for three to eight weeks. Winners are held until expiration. Losers are usually sold within three weeks. I seldom long any contracts. Since the volatility and the price of most stocks have been dropping in the past three years, the average hold-time for my option...

Yes. That part is correct. I filed my tax return in June last year without applying for an extension. Since I have overpaid the Federal and the State tax, I did not get any penalty. :p :p :p :D :D :D

IMHO: Trading is an "Art". Hence, there is no rule that will always work. There were situations that I earned big money by averaging down. But this strategy has also cost me dearly in the past. There is no simple answer. Similarly, should a trader buy at the pullback or at the breakout ...

Well, I guess when there is a huge Federal or State deficit, the government will keep on increasing the taxes, service fees, etc. For example, the fine for traffic violation in NYC and the finger-printing fee at INS have been doubled too. The property taxes at NYC have been increased recently...

No. Uptick rule does not apply to exchange traded funds(ETF). :p :p :p :D :D :D

I *** THINK **** US has been in recession for two years already. :D :D :D :p :p :p

The following news is related to market manipulation: Reuters Japan Punishes JP Morgan Unit Friday February 28, 4:59 am ET TOKYO (Reuters) - Japan's financial regulator said on Friday it had ordered the brokerage unit of J.P. Morgan Chase & Co. (NYSE:JPM - News) in Tokyo to suspend...

In late 90's, just hold on to the long positions. Similarly, in 2001 and 2002, just hold on to the short positions. Now, no buy-and-hold for the long and the short. Really need to trade to make money. Just my two cents. :p :p :p :D :D :D

IMHO: Dangerous time is also a great time to make money. No gut, no glory. Of course, it is not easy to overcome fear. :p :p :p :D :D :D

Yes. Bring it on. I have been practicing wrestling a lot recently. Ready for the bear hug. :p :p :p :D :D :D

Contrarian Indicator. :p :p :p

IMHO: You can put it in a bank or money market fund, which will give you about 1% interest per year. You can put it in CD. The disadvantage of the latter is that your money will be not be available for trading immediately. I heard that E-Trade Bank money market fund offers 2% interest per...

IMHO: A good trading system does not need to produce 50% winning trades. As long as it can cut the losses fast and let the winners run their courses, the final result will be a lot of small losers, many small gains and a few home runs. Of course, it is easier said than done. :p :p :p...

You are not alone. "The hardest thing in the world to understand is the Income Tax". -Albert Einstein (1879-1955) :( :( :( :( :( :(

That is a likely explanation. I noticed that happened a few times in the last two weeks. I just did some tests to confirm today. Thanks for all the replies. Happy Trading. :p :p :p

The size is usually larger than, but occasionally the same as my trade. I performed two tests today. One of the underlying stocks is affected by the Options Intermarket Linkage. The other is not. :eek: :eek: :eek:

Hi, I submitted an option limit order with a price within the bid-ask spread. My trade was posted at CBOE. ISE immediately posted a quote with the same price but different size. I canceled my order. The corresponding quote from ISE disappeared. I tried another option. Similar...

10 to 30 option trades per month. Usually, hold the contracts until expiration to reduce commission and slippage. :p :p :p

In addition, imagine the damage to your eyes, hands, nervous systems, and social life.................. A hobby is very different from a job............. Forget to mention politics too. Most of the IT projects at Wall Street fail because of politics.

Hi, Windows XP definitely uses up more memory than other Windows OS. There are a lot of tweaks that can improve the performance of XP. For example: http://www.extremetech.com/article2/0,3973,5728,00.asp http://www.videoguys.com/WinXP.html Have fun. :p :p :p :D :D :D