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What are you setting up? Your screen name will become WallStCaddy if that company gets a buy-out offer!

This might only confuse you but an option's delta relates to the behavior of the option at one point in time, not anything related to a trading system or market forecast. The likelihood of a market move is related to the delta, not the likelihood of a specific event happening. You keep saying...

Instead of participating in a monthly purchase plan, make an annual purchase in one of those share-builder plans. You can reduce the fees you pay and transactional paperwork. Better still, make a one-time $25,200 purchase of shares for him and let it ride until your grandson turns 21 years of...

The flaw was that you appeared to assume that there was an equal chance, 50%, of either outcome happening. Not so. The delta of an option is it's responsiveness to price changes in its underlying contract. It can also be thought of as the likelihood of the option settling in-the-money at...

(1) You didn't have a well-defined exit strategy, especially if the trade turned into a loser. (2) Don't "leg into" a covered-call with the futures contract. (3) Offset the call option instead. Otherwise you'll more than likely increase your loss. (4) Don't refer to the trade as being a "deal"...

I prefer a "1-period" moving average. It's the most accurate and responsive to price changes. You're also much less likely to be deceived by it.

Big S&P versus eMini S&P when the pit is closed. Same with the Nasdaq contracts. You might be able to pick-off some orders. CBOT metals versus COMEX metals? CME Eurodollars versus SIMEX Eurodollars? E-Bay Metals versus the futures? Look into it.

(1) Foreign Exchange Bucket Shop. (2) Almost none. (3) If you turn down the leverage, some opportunities will come up in the futures. (4) Volatility happens. If you trade enough, you'll find yourself in good and bad situations. Don't get destroyed by one huge loss.

Try the obvious...............contact Standard & Poor's or Dow Jones.

I thought this thread seemed familiar. The room was packed? Did they serve refreshments? Anyway, based upon those cities, you'd want to spread the fastest-growing markets against the slower-growing markets, i.e. (Long) Las Vegas & San Francisco versus (short) Chicago & Denver. Like I said...

How "accurate" was this before 2000? Is it riding a random streak of good luck?

I hope that you're correct and that your bursitis isn't acting up too much.

Oh God! Lumber. Somebody is actually interested in it. Let's see, if it opens lower tomorrow, buy it and then sell it at $330. That's all it's good for right now.

On an overall basis, zero percent. Those exercisable options, also known as "in-the-money options", are usually hedged elsewhere. Expiration days tend to be choppy and range-bound. We'll see what happens.

I prefer Market Profile. It's a more consistent way of anticipating breakouts and reversals. Take some time to grasp the basic components of it. With Fibonacci, I felt that there were too many arbitrary "number levels" to be concerned with. Go with the one you feel more comfortable with.

The account deficit is a feedback mechanism. If it stops rising, you'll want to sell everything and hope for an October,1987-style meltdown. We'll see what happens.

Thanks for the buy signal!

(1) Focus on protecting your money, not growing it. (2) Spend some time with a freaky Latin chick. (3) Strive to be consistently profitable, not perfectly profitable. (4) Develop a way to add-on to profitable positions. (5) Brush up on your Spanish language skills. (6) Pride yourself on...

He's vastly over-rated. He made money, he lost it, he made money again, he lost it again, and again and again etc. The italicized stuff in the "Reminiscences" book is good but it shouldn't be associated with Livermore.

Sombody has a lot of free time on their hands. Contact the Chicago Board of Trade, the New York Cotton Exchange, Jake Bernstein or Robert Prechter for starters.