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You previously said that you were already short ES with a full position so there would be no adding. Are looking to add more or just reiterating that you are staying short?

Thanks. Any specific suggestions on shops? I am looking at the alienware Crossfire with the QX9650 factory overclocked to 4ghz, 4MB of DDR3 ram and 1GB video cards. I will be gaming and editing HD video which is why I am going with overkill. I haven't found anyone else that offers this setup.

What if you are getting a new high end computer (QX9650) and turn off the extras of Vista? I like my XP now but the new computer I want only comes with Vista. There is a lot of info out there on how to turn off the resource hogs of Vista. Will I still want to pull my hair out with Vista on a...

Well now we know how the handful of successful traders can keep making money. The losing traders are in denial and continually encourage other losing traders to keep trying. Unlike the inexperienced kids from which you are receiving advice to keep trying after failing for six years in a row, I...

Wow The yen/$ carry trade went from 107.40 to 108.80 and the Nikkei went from down 320 to up 177 which is over a 3% swing. Makes our 1% ES move look paltry.

Oh, yes, of course! What has everyone in the option markets been thinking all this time? You can just get out whenever the price goes against you. Markets never gap, IV never spikes, there is continuous and perfectly linear price movement at all times. My favorite equation of these amateur...

Anyone want to comment on this chart? Seeing some similarities to August lows; seems like we might be due for an oversold bounce.

Options101, I know you did not intend it but you insult those who are truly traders by referring to what you plan to do as trading. It is gambling, nothing more, nothing less. You plan on playing straight, way out of the money, deltas with no hedge, no adjustment plan, and no rationale as to...

Of course it is possible, just not consistently repeatable. You are virtually guaranteed to lose all your money eventually because you have no idea what you are doing. Paper trade for several months, taking the trading seriously as if it were real money, and you will start to see why your...

Ah, so you want a detailed, empirically provable axiom that will cover all traders and all situations? Feel free to attempt that, but your obsession with cow manure will probably serve as a fitting epitaph. Clearly I meant for the reader to infer that increased vol is a good thing for the...

Mbusch, First I would like to thank you for all you add here, and second I am curious as to your seemingly radical change in trading tactics. You were always very careful to use close stops, in the 6 to 8 tick range. Now you seem to be using stops of at least 10 points. If possible, would...

Austinp, I am not at all trying to disagree with you since you are one of the rare individuals on ET who seems to know what he is talking about and is willing to share, but what you said seems a little out of reach. You say that you should be able to trade 500 contracts without too many...

Correct. Most trading software programs come out with periodic upgrades, and when the software gets "upgraded" over and over multiple problems can arise. It is best to completely uninstall the program and do a fresh install every once in awhile. You should also contact a tech at the company...

Exactly. If you are an emini trader and have not made obscene money these last two weeks then it is time to look for a new profession.

I was referring to the US $ vs. Japanese Yen. It traded 111 today which is very low and the assumption was that the lower it goes the more large funds have to liquidate assets.

Put your chart on log scale and that trendline does not fit. The bounce, imo, was a combination of everyone looking for a bounce at -10% and the fed easing the next day was leaked. Anyone watching the carry trade, the last time it was this low was May 2006.

Just an FYI for the few of you that trade futures on TOS. For two mornings in a row now the TOS quotes have been about 2 minutes behind. They fix them after I call and let them know, but I just wanted to let you know to do a quick check with Prophet quotes before you trade to see if they are...

Remember it, I still have mine. The hard part was extending the giant metal antennae just far enough to get a signal but not far enough that the professor would notice what you were doing. I used to type in the closing quotes every night into Excel on my mac to create my charts and technicals.

Not nearly enough. For 8 trading days the ES has had about a 30 point range, and we have spent almost all of it in a 20 point range. This equates to a VIX in the 13 range, but it is close to 18 right now (and the forward futures are 19+). Either option traders are being slow to react to the...

JJ said that he thought averaging 2 points net per contract per day was "doable". How many traders have you heard of that average 40% per month every month (and that is with no compounding)? I will agree with you that compounding ad infinitum is impossible of course, but trading 500...