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Your assumption that one can buy/sell at the next intra-day bar's open is incorrect Try buying (selling) at the next bar` high (low) instead.

Day trading options makes no sense.

This was the first time in my memory Microsoft made such a transparent attempt to support the stock. Is the business that bad?!?

It looks like the market has already discounted a quick victory over Iraq. To the degree the North Korean situation generates capital outflows from the region, it helps the market.

Lundy, assuming you paid $10 for a round-trip trade, your system lost 95205.00 / (1032.50 / 10) = ~$950.00 or 19 ES point/contract traded in a single day. You don't have much use for stops, do you?

13-NOV-2001 Futures Gain/Loss: -95205.00 Commissions: -1032.50 ------------------------------------ Assuming you paid $10 for a round-trip trade, your system lost 95205.00 / (1032.50 / 10) = ~$950.00 or 19 ES point/contract traded in a single day. You don't have much use for stops, do you?

Just21, once the market discounts a quick and decisive military victory over Iraq, the risks are going to be mostly on the downside. For instance, the Iraqi army can put up stiff resistance in big cities and thus turn a blietzkrieg into a bloody mess of urban combat along the lines of Mogadishu...

Yesterday`s low on the NDX (~1060) served as a support today. In general, in a rampant bull market like we have had since the beginning of the year, "S" becomes more important than "R".

During the Persian Gulf war the market made a bottom when the U.S. began bombing Iraq. Naturally, this time around money will start pouring into stocks well in advance of the war (like now). I am waiting for the Dow to reach 9000, SP500 - 950, and VIX - 25 to start buying March puts.

Only if one assumes, as do options pricing models, that the market is random. Since this is not entirely true, it should be possible to do better by incorporating a directional bias into one's options trading strategy. I do this by writing near-term OTM puts. For instance, today I sold SMH...

1. Islam has been at war with the rest of the world for over 1300 years, and there is no reason to believe that this will change any time soon. 2. Terrorism is a form of warfare mainly practiced by the islamists, with no rules. They will hit us with everything they've got, as soon as...

As a group, Wall Street strategists may be used as a contrarian indicator.

I decided not to renew my subscription to TSCM because of a suspicion that Cramer may have faded his own recommendations.

At the start of 2002, nine of ten Wall Street strategists incorrectly expected the market to rise this year. Only one, Douglas Cliggott, then of J.P. Morgan Securities, correctly forecasted a sharp decline and remains bearish today S&P 500 Strategist Firm 2002 Target Edward...

Chances are the 00's are not going to be a repeat of the 30's. This time the Fed will err on the side of easing. In fact, they already have. A more likely scenario for the U.S. stock market is as follows: http://finance.yahoo.com/q?s=^N225&d=c&k=c1&a=v&p=m50,m200,s&t=my&l=on&z=m&q=l

Because OEX options are mainly used for hedging against downside risk.

IB has no exercize/assignment fee. IB's TWS can display implied volatility.

Scottrade offers no-transaction-fee MF switching and access to leveraged MF's (long and short). I believe their minimum is $500.

MA crosses may provide a confirmation of a trend, but rarely a good entry point. That is because an order triggered by such a cross often gets filled well above (below) the cross price in the direction of the trend thus lowering the reward-to-risk ratio.

I would use: buy-limit @ ask orders to go long upon a trend confirmation (i.e. breakout); buy-limit @ bid or below orders to go long in anticipation of a breakout; sell-limit @ ask or above to go short in anticipation of a breakdown; market orders to go flat ASAP.