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so far it really doesn't sound like it has any benefit to the customer.

I am not a forex trader, but I can tell you that forex trading is futures trading, and therefore a lot different than stock trading.

I hope you got your cheap calls and are prepared to dump them on a moments notice, or else buy puts at a high point to make a straddle. If you can leg into a straddle you can make serious cash or at least get a free position when you leg out. My attitude is that the economy and the general...

I can understand that the firms want you to daytrade to generate commissions and to control their aggregate overnight risk exposure. BUT.......not holding winners overnight, especially winning shorts in this market where everybody wants to short and shares are hard to get, has got to cut...

the only thing I am pretty confident about is that it will retest the lows of today, maybe even this week.

my guess is it needs to retest the lows of today.

its a little too easy for it to go straight up from here. I think there needs to be some kind of a bottoming pattern, at least a double bottom.

That is just letting winners run. Imagine if in the bubble years, you closed your losing trades as daytrades, but kept all your winners overnight. How much of a difference would that have made ?The same could be said for shorting over the past month or so.

its just an intraday rally at this point. But, I'm looking for a bottoming pattern to form in the area of 7500.

I am hearing a lot of talk about support levels and 7500 keeps popping up over and over. I have even heard a popular fibonacci guy say 7523. The vix is high, the volume is high, the media is in a frenzy, AOL has the market drops on its main screen when you sign on, Gold has cracked, etc.

I used to be a big fan of dell pc's but the quality of their parts and service has been dropping a LOT in the past 2 years. As far as the stock goes, they don't have the growth rate to justify the price anymore.

If you still have account equity equal to what you put in after a year, you have already beaten 50% of all day traders. Of course everybody thinks that they are "the one" and are immune from the laws of chance.

okay, I hear ya. Some how you have to nail a big winner every once in a while to make up for the fees and all the small losses. I haven't been able to figure out how to do that without holding a winning position overnight.

yeah, it depends on why you aren't getting paid. Are you a good whore ? How many tricks do you turn a day ?

the bottom line is risk vs. reward. Personally I wouldn't bite on utilities right now unless I really KNEW that their accounting was clean, their dividend was safe, and the yield was beating the 5 yr. treasury. The problem with all this fundamental stuff is that you could have made the same...

Do you believe in the importance of the 200 day moving average? I did a scan of stocks including fundamentals, and when I filtered for stocks above the 200 day moving average I filtered everything out. All the good companies that seemed to have good valuations were under their 200 day MA...

MM anonymity ??? I don't think I like that.

in the context of a swing trade for several weeks, it isn't bad. But you could have waited until after earnings and we are overdue for a short squeeze of large proportions.

lol, you can never be Satan666 if you don't know about the masons or the illuminati or the trilateral commission. The truth is out there, dude. :) but seriously........the only conspiracy I see is the Fed causing gold to crack and the dollar to rise, and the occasional massive futures buy...

something big happened to spike the dollar up and to crush the entire gold stock sector at once.