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You have to look at the "Right Options". I trade daytrade everyday using the QQQQ options. Right now the volitility is perfect to trade this. The spreads are only a couple cents most of the time and the volume is extremely large.

For a snapshot of what you are looking at you can just go to Yahoo Finance page. They have the list for option for the stocks. Most eqiuties expire on the 3rd Saturday of the month. That means the last trading day would be the 3rd Friday close. Index options (SPX, NDX and so on) would expire...

Instead of buying the 100 shares, buy the ATM or ITM option. You can normally get about 3 options contracts for what you would be paying for when you buy the stock. Now you will be controlling 300 shares for the same cost. If you are daytrading this, you wont have to worry too much about the...

You would probably do better doing a Bull put credit spread, or a Bear call credit spread, providing you have the account size to meet the margin requirements. Ex. GOOG = $360 If you think the stock will go further down or stay neutral, use the Bull put, opposite if you think the stock...

I second that...! I trade options and the Volitility has made me money everyday.

I guess my take on this would be, you will NOT have a margin call if you trade options vs Futures. I have trade futures on commodities in the past and the dreaded margin call was always an account killer. The options has the additional leverage over trading the stock. I do not plan to hold the...

Here is my trade today for an example: +$360

Just look at Friday's movement on the 32 Call option. (.QAVKF) This is perfect for daytrading. 2 major swings in the morning, a 25 point move , then a 44 point move. Lot of movement, low spread, TONS of volume. I have been making approx $300 - $400 per day, daytrading QQQQ. All you want is...

Look at QQQQ for daytrading of options. Liquidity is NO problem. Made one daytrade today on it and got pretty much instant fill on the open and close. The trick to trading options is you have to look for a large Open Interest and volume. Only trade those strikes if you want to be fluid...

I do not see the problem with just chucking the whole system and going with a FLAT TAX. Granted the "Poor" that wont get out and work, and the lower working class should be under a threshold (say 20K) before the taxes kicks in. Say "Joe the Plumber" only made 35k. He will have to pay 10%...

Suppose that every day, ten men go out for beer and the bill for all ten comes to $100. If they paid their bill the way we pay our taxes, it would go something like this: The first four men (the poorest) would pay nothing. The fifth would pay $1. The sixth would pay $3. The seventh...

Here is anopther example of the Fibonacci at work for me. (Using the Opening S/R as a starting base for the Fibs) Also with it gapping down at the open, I was looking LONG for it to try to fill the gap.

Dow hit into the 7800 range as I said earlier then rebounded. I am going to wait for it to come back down and make a double bottom formation before I decide to do anything other than day trade. No long term trades until there is some better confirmation. (but the fib levels did point out the...

Use Fibonacci Retracement and EXTENTIONS on your 2 min chart. Apply it to the support and resistance in the first 30-40 min of trading. It will give you an idea of where good enty and exit point will be at. The EXTENTIONS will be you targets. See my thread...

#1. Do not trade over 1 contract at a time. #2. You WILL OVER TRADE...It happens to everyone in FOREX. Once you take a loss...sit back and look at it as a lesson learned. Do NOT CHASE a losing trade. Go WITH the TREND in Forex. Try a method called the MOUTEKI method. It is based on a...

Look for it here....

You may be right....

Here is another example of the Opening hour High / Low, setting the pace for a nice Fibonacci play.

Agreed. I have had my 401K funds in US Govt Bond funds since July, so I have actually come out ahead during this fiasco. But, I am going to switch back to stocks "If" it falls into the 7400 area. As for my Daytrading, business as usual...take what the market gives you each day.

Just by looking at the DJI chart over the past 9 months, the 7000 range does not seem impossible. Take the High and Low of the last slide on the daily charts and you can see the retrace back to 38.2% line the continue sideways before going downward. The fibonacci Retracements are pretty good...