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I just want to find one part of this country where prices have either flatlined or started dropping...There has to be at least one area...I bet even Alaska is in a housing boom...

Chas, I agree with the spirity fo this thread, but could you elaborate? In what way are you implying that the government/corporations are going to seize the wealth of the masses and then create another environment of consumer demand?

This sounds like the treatment for a Farrelly Brothers movie...

Personally, my level of social interaction is mIRC chat...But I control the chat rooms I visit and the people I discuss markets with...we have a few private chat rooms with only 2-3 people who are all on the same page, same emotional standpoint and same level of respect for others...This way we...

I would not worry about slippage at this stage of the game with globex, etc...If you pick your spots right, understand where the market might "slip", (i.e. break a pivot high or low and take out a row of resting stops), then you are doing fine...Alot of time you have to know where the market is...

the "buy the dips" of the 1990's was also accompanied with the get real long on any pullbacks after the first dip, ensuring a good amount of support at many levels...Nowadays, each spike rally ensures that a good number of longs will show up at levels on the decline back from the peak of the...

In all honesty, I think that alot of traders who first start off trading either "think" that they want an office filled with other traders for moral support or a "buddy" network...In the beginning, it is hard to imagine isolating oneself in a dark room with a bunch of monitors and just staring...

All I know is that if I were to start a prop firm with a bunch of 23 year olds trading on unlimited leverage with a "who gives a f### attitude", I would be buying Pepto Bismol by the case...

dpg: you have absolutely no idea what a can of worms you have just opened...Waxie is a most popular subject of conversation

I have used a similar technique, but because I feel that the indicies rarely will hit your exit price on the dime, I place two lines around what I consider my "entry zone", "cover zone", and "stop out zone". This gives me a bit more leeway on entering, exiting and removing the position. I...

I also trade two separate time frames, although I feel that this is a difficult endeavour...For the most part, I try to separate the days in which I am going to enter a different mindset...If I am planning on entering a swing trade for a minimum profit target of 7-10 handles, I really need to be...

take a look at the spreads on those options contracts...That is not really much of a strategy for an off the floor trader...I would say "locking in" big open profits in the futures side of the trade might be worth trading a collar around it, but to have that as your initial position to try and...

yes it is the same...and the same for the OEX as well, but from my understanding not the same for the QQQ or SPY...don't ask me why...and check one of Ted Tesser's books to make sure...

Another aspect that may have been overlooked is "overhead"... From my experience and the experience of others it is very difficult to get ahead as a beginning trader if you are accustomed to material "trappings" such as one who receives a paycheck every week and has no fluctuation in their...

A great writer with a sarcastic bend on everything...I have been reading his articles on the bloomberg web site for years...Hopefully, they have an extensive archive...Well worth reading every one that he has written...

I agree that few individual traders are going to accept that much open ended risk...But I am always amazed at how mediocre returns are for the majority of CTA's that probably use systems with similar parameters, time horizons and risk/profit objectives and parameters...

Good points...That is exactly why even some of the better systems statistically are just untradeable, unless of course you are running a Commodity Fund or something similar and do not really care about the drawdowns...

Let us know what contract you are talking about specifically, then perhaps some of us can tell you exactly what you need to trade them...Like TriPack said each broker has wide latitude in offering intra-day leverage...IB used to have very high intra-day requirements, but they too succumbed to...

I don't really want to get into the argument of who is full of it and who is for real...Of course I have my suspicions too, perhaps trader intuition...All I want to say is that this current market environment is a great test for all of our trading discipline...Kind of like playing Bethpage Black...

What I find so humorous about all these self indulgent posters who constantly feel the need to mention they are Ivy League graduates is that if they had ever spent time at some of the better state universities, they would find a good number of equally intelligent and ambitious students...A good...