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If you know what the QQQ's are, then you know that by definition the QQQ's should have a very high correlation with the nasdaq index. Same goes for SPY and the S&p 500, and DIA and the Dow 30. They are really just ways to play the index on the stock market without having to buy the...

JPM has serious, heavy duty liabilities. All the big investment banks are in deep doodoo.

how many firms do not ask you for money during the interview process ?

I can't go to vegas to pay for the Bright training, but it seems that this "playing the opening" thing is a bread and butter operation for pure daytraders. I am intrigued by how mechanical it seems, no emotion or angst involved, and it gives a reason for action every morning. My personal...

Ok, i've got one for Mr. Bright. This is not an attack, I am just looking for answers here because I would like to be a pro trader instead of an amateur working a day job. This actually applies more to other firms where the firms capital is being traded exclusively ( worldco, schonfeld, etc...

the mind game comes in when you have to cut your losses and ride your winners. That is a mental struggle.

Pink sheets is true "over the counter" trading. There is no exchange per se. You just call up a guy who has some of the stuff you want and make an offer. The pink sheets company tries to publish reasonably accurate and recent trading prices. No level II. You may have been confusing pink...

if you live in the northeast or california, consider moving to the southeast , texas, or the midwest. Your cost of living will go down while your trading profits/losses stay the same. Or, better yet, live with your parents for a year after you graduate.

from a pure philosophical point of view however, there has to be a point called "enough". People who are billionaires and spend every waking moment trying to become multi-billionaires rather than giving to others are too greedy and cause harm to society and themselves. On the other hand the...

You've got it backwards. your problem was not greed, but fear. You feared that your profits would evaporate and you cut your winners short instead of letting them run. Where is Gordon Gekko......"Greed, for lack of a better word, is good....Greed works."

JPM is in deep sh*t. But, I'm sure they will be bailed out. I have heard that the fed has been bailing them out of their short gold positions directly and through hammering the price of gold and trying to support the dollar.

-after hours trading didn't follow through -europe didn't follow through -durable goods orders much worse than expected -futures down Odds are against an up close today.

If he bought calls when he posted his message he made out like a bandit. IV's from 5 years ago don't mean much. I've never heard of a 5 year old option.

better yet, sell the car and become a loan shark ! Guaranteed 20% a week income ! Seriously, DO NOT go into debt in order to trade. Dumb, Dumb, Dumb, bad, stupid, foolhardy, etc.

I don't use bollinger bands or other mathematically calculated indicators on intraday charts at all, but all the time on the daily charts. They need a certain amount of data to give good signals. Sometimes the bollinger bands and the stochastics seem to really "fit" a stock or index and can...

we'll see over the next couple weeks, otherwise get some salt ready for that hat :)

will we be able to "check the futures" on individual stocks before the market opens? If so that is one benefit. What will be the size of these contracts? 100 shrs? 1000 shrs? also retail traders will be able to hold positions overnight with 5:1 leverage, that is good if you want to hold...

How about when "investors" stop buying companies with negative operating profits and no growth in earnings or revenues year over year.

so, if you can't hold overnight, how do you make the big winners? It seems that starting out small and trading for 1/4 pt. moves is a breakeven deal after commissions and fees. How do the newbies at prop firms make any money ?

you are confusing me with the facts Mr. Subliminal. How am I supposed to be blissfully ignorant with stuff like that on this board ? Aren't we all supposed to churn like madmen and hope ?