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Yeah...sometimes, only having $10,000 to start out with can be a blessing.

Thanks hrob...interesting site. Just added it to my favorites:D

I'm not really into lots of patterns, like cup and handle,penants, head and shoulders, etc... But, I do like this pattern, a double- bottom, or double-top with a divergence using something like stochastics. Be warned though, there much easier to see in hindsight... :)...

I hear ya...it's those damn opening gaps. lol

Thanks for the post rs7...it's nice to hear from guys who've "been there-done that". I have the McMillan book, and yes, you're right about the commissions making a lot of strategies impractical for the off-floor trader. I always thought some of the...

Yea, looking back...I think I could have done much better using limit-orders, and taking the time to use formulas to determine an options "true value".

You might check out the Victor Sperandeo book..."Trader Vic II--Principles of Professional Speculation". He shares a lot of interesting insights. Here's a quote to get your mouth watering... :) " If there is a gap, and it is going to reverse, it will do so 10 to 15...

I used to trade options a long time ago, and this is why I switched to futures. When I bot an option, the "time premium" always screwed me. For example, say I bot an OEX call option for 10 and the market is at 500.00 (or something). Well, if the market moved to...

Hmmmm...:D I think you might have a point there, Darkhorse. Maybe, when I read a little further down and he mentioned that it was much easier to short the S&P than stocks and that you get much more bang for the buck, I assumed he was more "at ease" with the S&P, and thus...

That's probably what Marty meant: and why I made that post. There's less "pressure" getting in and out of 100 S&Ps than 100,000 shares.

LOL...sorry, I wasn't trying to garnish any undeserved credit. Yes, it is a quote from Marty. Here it is and please forgive me... :D "I don't feel the same pressure when I own 100,000 shares of stock as when I own 100 S&Ps"...Marty Schwartz

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This guy has a good point though...you're gonna feel a hell of of lot less pressure trading a 100 S&Ps, as opposed to a 100,000 shares of stock.

LOL...

Yea...or saying you're a Jew and everybody thinking all I care about is money.( come to think of it, that's all I do care about)...hehehe

What's that?...

I've found that out, too. Most people who don't really know anything about trading, think a daytrader is someone who makes 200 or so trades a day. That was the impression they got from reading the paper.

Hehehe...that's right. When I first started trading we didn't have personal computers. I did all my charts by hand from newspaper quotes. People didn't even use the word "daytrader". You were a "speculator".:cool:

I once told a guy that I was a commodity trader, then he proceded to tell me about his brother who was a genius. I told this other fellow the same thing, and he started talking about how he planned on going back to school to get his Masters' in physics. Then after that lunatic went...

Not a dumb question at all...kind of interesting. What if I told you I was making about $150 a day on average? Most traders would agree that is very possible trading the ES-emini. You can make that(or lose it) on one trade a day, easy. Some traders might say that's...