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I agree that the 50% Fib level is a good place to start looking for a retrace. I prefer to use the .618% instead. Use this as a springboard to the 1st Fib extention levels as a profit target. Just look at a 5 min chart for QQQQ. Most days if it gaps open, plot the fibs on the previous days...

Well, I have never had any issues with Day Trading options. Did a trade last Friday morning, and later in the afternoon I saw that my "Option Buying Power" was same as my account balance again. Spreads may be different though.

I've used Optionxpress for 2 yrs now. $1.50 per contract ($14.98 min). Using a CASH account, you will not have to worry about Pattern Daytrading issues. Your account will settle same day.

Way too much information....keep it simple. Dont worry about how the number are obtained and the math behind it all. Just use the fibs and extentions and they will give you an idea of where the market should go. The first support and resistance after the open (or about 30 minutes) will set...

Missed a couple different entries today. One in the morning, one during the lunch hour. But, I hit the call entry on the after lunch pullback. Place the order as soon as it hit the Fib extention. Got out about 5 minutes time with a $330 profit. DONE for the day…and probably until after...

Just about there......

I said this back in early OCT, but I think the DJI will finally stop in the 7000 - 7800 range. This make the most since. The last slide in the DJI back in the spring was a signal of what was to come. Using the Fibonacci w. extensions you can see that it could not break the 50% fib level off...

Just curious why these ship that are carring valuable cargo..oil, tanks, food, etc, just pay a small team of guards to be on board. Mount a couple 50 Calibre on each end and sides, then riddle any intruders like swiss cheese. This will be a lot less cost than the ransom would be if captured.

Perfect setup Today.... I used the gap lower at the open the figure out the direction to make my entry. Bought a 27Put on the bounce back up after the first inital dip and testing the Fib levels. Exited when it hit the Fib extentions target. $660 profit today.

I Can't Believe it!!! A Democrate is grilling the Big 3 about thier perks.... ...During the House hearing Wednesday, Rep. Brad Sherman, D-Calif., asked the three auto chiefs seated at the witness table before him to raise their hands if they had come to Washington on commercial airliners. No...

Agreed!!! If the UAW is going to sit back in their "Lazy Chair" and cry and complain that they are not going to give up anything, then Chapter 11 should be the way to go. They just don't get it! Jobs are lost all over the country, so they have a choice of giving in some consessions or just...

No Trades today, but the setup was there 2 times. Second Trade setup:

Perfect Indicator for When The Trend is OVER... When you start loseing money everyday...I would say the trend is over... Really. just breaking the 30 MA ,is enough to tell the trend is over

When the government took over mortgage giants Fannie Mae and Freddie Mac, taxpayers inherited more than just bad debts. They're also potentially on the hook for tens of millions of dollars in legal fees for the executives at the center of the housing market's collapse. With the Justice...

CORRECT! Once the option closes at expiration at least $.25 ITM (I think that level is correct, but it may be different) The option will be exercised. That being said you will be on the hook for the difference between the strike you SOLD and the expiration price. The Stocks you have will...

Maybe Paulson has the balls to do the right thing for once.... Paulson to GM-Chrysler: No Bailout for You! Posted Oct 31, 2008 01:56pm EDT by Aaron Task Related: GM, F, NSANY, TM Apparently there are limits to the government's bailout bonanza after all. After funding bailouts and...

Another waste of the Goverment bailout.... GM want $10B loan to keep it afloat, then want to use it to BUY Chrysler. (did I hear bonuses somewhere?) Saint Louis, MO. Chrysler plant just rolled the last minivan off it's assembely line this week, and now the workers are dis-assembleing parts of...

One solution to end this.... For Sale By Owner...No Commission paid! Have a lawyer do the paperwork for you for a couple hundred bucks., or get the documents on-line. I did that myself on my house transaction.

Take your profits....NOW! There will alway be another trade to start up again once you bank this one. When ever the market gives you a profit, take it. You should have already set a profit target for when you would exit before you entered the trade.

I can see it now. A new Branch in the Defense Department. "ACORN with guns" Why do you think it was called ACORN in the first place?? Bunch of nuts !