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    Saudi King Calls US Occupation of Iraq Illegal

    Agreed. Let's nuke the place and restart from scratch :)
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    Trading 5000 blocks, still use IB?

    Actually if you use limit order, IB fills are no better than others. This is just my anecdotal experience from the few 1000s trades I do every year. At least it doesn't make ANY sense trading with IB cheap stocks. Their new few structure is outrageous. 0.5% is a lot of money for cheap...
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    IB Raises Commission Cap?

    Time to look for a new broker...
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    developing and selling trading software

    Amen! Actually I have a system for sale as well. It uses a lot of "advanced" algorithms: Neural Networks, Pattern recognition... It was working great before and that is why I didn't try to sell it. But now it broke down and started losing money, therefore I am ready to sell it. Any...
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    Anyone holding long into the weekend?

    Is is a fully automated, self-adapting software program that is trading my accounts. Basically I have a software that is running the show. In a way like an Artificial Intelligent trader that adapts to market and trade my money. How Intelligent?? It remains to be seen... For 3 years now...
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    Anyone holding long into the weekend?

    ~90% long ~3% short ~7% cash I didn't do it, my trading bot did :(. I hope he will not let me down... I learned not to secong-guess him. After all he made me go thru this week somehow ok. Current drawdown is ~2.9%
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    waterfall decline underway?

    Great comment. I agree that this is the only thing that matters. And I am not THAT fine... DD of -2.3% :( as of now.
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    waterfall decline underway?

    The end of the world as we know it... This was never seen before... LOL...
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    Anyone getting KILLED?

    Enough to be out for one day...
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    20k to 500k

    I was a newbie 3 years ago. So, it is possible. It took me 3 years., to go from 20k to 500k. It might take him more or less. I don't know. It might be never... Like in every other thing in life, luck helps... That's for sure... That being said, besides a short period of time (3 or 4 months)...
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    20k to 500k

    Do not listen to negative people. Everything is possible. It is just a matter of will and maybe luck. I started less than 4 years ago. Before that, I never traded anything and had no idea what a brokerage account was. Started less than 20k but then added 30k over the next 6 months or so. I...
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    Need advice

    1- PDT doesn't mean your account have to be closed. If you do 3 round trip day trades per week, then you accout will be restricted for few days, and then you can do it again... 2- Use Interactive brokers instead. They charge $0.005 per share with a $1 minimum. Much better than $7 per trade...
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    Buy and Hold Work?

    Of course it works... Until it doesn't work anymore. Everybody uses it, the only difference is how long the HOLD lasts... For me it is between 30 minutes and 2 days... For others it might be few seconds or minutes. For another category of people it can be few days :D
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    Thoughts on today's selloff?

    Nahhhh... It's my automated system that had a bug and placed a big sell order. Sorry guys! I will fix it over the week end, and force a big buy order on Monday to make it up to you.
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    Why doesn't everyone auto trade

    I cannot agree with you more. Very well said. My system is fully Automated and it is NOT superior, but it is superior FOR ME... auto traders make money, discretionary traders make money, investors make money... And some others just keep loosing money.
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    50-100% 2007 target return possible with options?

    Not very easy. It will be hard to keep doing such a low return. Even picking entry and exits randomly using this strategy you will be able to get more than that. If you aim at that return per day, then YES it is doable. optioncoach can show you how. Cheers
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    Frosty's auto-trading bot goes live with REAL money

    Frost, not trying to lecture you or being mean, but I don't think you should be running ATS with live money yet. Not because you had a bad day, good day or... But because it doesn't seem your system is ready yet. From my backgroud of Software Engineer, to develop a successful software project...
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    Frosty's auto-trading bot goes live with REAL money

    I posted one last year around (December 2005). At that time it was "Mechanical Trading", not 100% fully automated. It was the ancestor of the ATS I am trading now. http://www.elitetrader.com/vb/showthread.php?s=&threadid=58841 I can post one for 2006 with some explanations. January 2006 is...
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    Frosty's auto-trading bot goes live with REAL money

    frostengine, changing systems or contract in the middle of the action is equivalent to quitting and starting a new system. From experience developping ATS (just over 3 years, not much but still I think I can give you some feedback) I can tell you that second guessing your system will end up...
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    Theoretical value of options

    You're kidding right??
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