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1987 S&P

Would you know who makes or distributes that self aiming system, or better yet a web site for info? Thanks

Yes, I use this strategy. Basically delta neutral. I use it mainly when I don't have a strong market direction opinion at support and resistance levels. I also like to use it to hedge off risk when I want to carry a larger than normal overnight position. I also often use it intra day to...

What software are you using in your two previous attachments? Do you use the same software for charting and execution? Thanks

ANCHOR has two excellent posts with very good observations on page 4 of this thread. Anyone who has not read them should, and be sure to look at both of his attachments. DPSUTTS You are definitely on the right track with the type of observation you mention above. But, you must be very...

With most direct access brokers you do not need to worry about spending an amount greater than your buying power because the software will not allow it. But this is part of the firm or clearing firm POLICY, not part of the regs. Some traders, even retail, are allowed to trade huge size (many...

Under the PDT rules you can turn over your buying power as many times as you want each day. You must maintain a minimum $25,000 equity balance. Also you are required to meet your largest required margin at any point during the day. With most direct access brokers you do not need to worry...

Sorry I don't know which brokers do or don't. Just call and ask them. You might have to talk to someone in compliance to be sure. Sometimes the sales people give answers which are incorrect. Good Luck

Yes, this might be a good solution. But for stocks there are brokers who understand the free riding rules and use them to the maximum benefit of traders. Maybe IB doesn't do this. I don't know because I have never used them. But if anyone is trading stocks with less than $25,000 in their...

One other thing I forgot to mention, the PDT rule does not apply to options, which are T+1 for settlement.

I'm pretty sure the above quote is not quite right. Free riding, a violation of regulation T, actually occurs in a cash account when the cost of securities purchased is met by the sale of the same securities. By law an individual is not required to wait until a trade settles (trade day...

I haven't had time to read any of your posts today, been real busy. Good to see you back. Damn, your first day here in a month and 25 post or so today. I know you type fast, but all this in twenty minutes?????:D :D :D

Thanks for the link to that Cracking Wall Street article. Really interesting! Thanks Again :)

Thanks for that link.:) :)

Alain, would you please post the link for the benefit of all? Thanks

This is a very important point many traders miss. Time spent in a bad trade, which can be either a losing trade or even a trade that is not developing on schedule or in a timely manner, kills both profits and attitude. I often find it beneficial to close trades even if they are not losing...

This is the solution I currently have, DLS primary system and cable on a backup system. There can still be problems with this for traders. A few weeks ago my main system lost its DSL connection. My backup cable connection was fine but I was unable to log into my trading platform from the...

I can't tell if it is Wizetrade on steroids or Level II on steroids for sectors and indicators? It does look interesting. Anyone know anything about it? Thanks:confused:

Thanks for those links. Very interesting. As I was reading it (this link, I haven't had time to read the original essay yet), my first reaction was, "So what if JPM has a huge share of the derivatives pie. I am more concerned with their overall delta position than their market share." Then...

http://www.monoclesystems.com/Advisors/monoclesystems/default.asp I saw the broadcast. Mighty active for his age!!! Don't know anything about the software. If it does stocks or indexes let me know. Good Luck