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I would just open an account with a cheap discount broker, fund it with your stock, sell it, and if you feel like it, close the account and have them send you your money. What seems to be the problem?

It depends on the contract, but I have not seen one that is open 24 hours a day on any exchange. More like 23.5. Also, you can only trade them if there is someone to take the other side. But there usually is.

Market movement is not about knowing anything. SPY might legally be "combined cash", but that is totally irrelevant to daytraders. A player who wants to get short the S&P 500 (not because he "knows" anything, but maybe because he is trying to hedge or speculate because his software tells him...

Yes the cash will occasionally lead the futures. This phenomenon, however, is not the cash leading the futures. The cash would be GE, MSFT etc., while SPY for scalping purposes is just like another kind of futures contract. It is only logical that SPY and QQQ on ISLD move very early since...

Whoo-hoo! S&P is a couple points below FV. That can only mean one thing: Black Thursday Sep 19, 2002!

I agree, unfortunately there are times when IB stop orders just don't work. Sometimes they execute a few minutes late. But the funniest thing trading SPY using IB is that every once in a while (like this afternoon) an AMEX bid or ask gets stuck for a few minutes, but of course you cannot hit...

And interest on the cash you would need to buy the stock is also factored in. That's why you get more for calls than puts.

When you look at a part of a coastline (or cloud etc.) on a map you would not be able to tell if the piece you are looking at is 500 feet or 500 miles long just from looknig at the line on the map. It is a "fractal". When you look at a price chart without labels you wouldn't be able to tell...

That's all I need to know.

Z let your winners ride! Y keep your losses small! X keep telling yourself "I am great, I am going to win" W find a method that fits your personality V if you lose more than 10 times in a row, quit gambling for the night U always make sure your bet has a greater payout than...

I think the truth lies somewhere inbetween these observations: 1. Free market price movement looks very similar to random movement. 2. Whenever you find a system that works, the market will adapt and anticipate it, and sooner or later the system will stop making money. 3. The market...

I believe it would be more interesting to look at a $30,000 account.

Wait until you see the spread next week!

I have a question for you: Who guarantees that what the US government calls inflation will reflect the average individual's situation, or for that purpose, any individual's situation. All I know is that over the past 2 years my cost of housing, food, energy, laundry, and transportation has...

Exactly! I was just going to say exactly that. The whole "adding to winners" hype is purely psychological. Phantom of the Pits may THINK his profitability stems from adding to winners, but he really just has a winning system. "Cutting your losses" is a little more relevant, but only in this...

Obviously, he is looking to short stocks which he expects to crash. If he hits an Enron or even just an RJR or TYC, he can make a lot more, also buying just one put will minimize commissions. Regarding a synthetic short position, if those two option round-trips cost you $2 per contract more...

That is exactly right. And the problem amplifies itself, because the trash family has 9 children, whereas the responible family has 2. So twenty years from now there will be 9 more votes for the democrats and 2 more for the republicans.

I grew up in Europe, and I have to totally agree with Bryan Roberts. Taxes are what turned Europe from a promising economy into the communist hell hole it is. I have met 7 US citizens who get paid by us (the taxpayers) quite handsomely, because they are "disabled". Not one of them would...

I am now 26, and so far your theory seems to be holding up quite well in my case. Realism is slowly starting to creep in.

Is .85 in this example the "Fair Value" from programtrading.com for that particular day? So that means that if the cash index closed at 862.10 yesterday and futures are at 870.0, the percentage you are talking about would be ( 862.10 + .85 ) / 862.10, when you should really work with (...