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I covered my short position and sold all my puts when the S&P approached 819. Why 819? Bring up a long term chart and apply Fib retracement from the 1975 low to the 2007 high and you'll see 819 was the 50% retracement. My only regret is that I didn't reverse and go long. But I too don't believe...

Rather than compare this market & economy to the 2000 bear market you should compare it to 1929. Just google "1929 crash" and read the history. You will see so many similarities such as a credit bubble burst, a market that hit new highs as real estate prices were spiraling down and a government...

The price of crude, as in the price of ANY commodity, is in perpetual motion. It will come down and it will go up. $100 or $135 is nothing more than random numbers that one might pull out of their ass. To think that the price will reach some point and remain static is just ignorant. Just...

Not really. Too much information to just summarize. But if anyone gets a chance to read chapter 4 "Finding Order in Market Chaos" you would completely understand how the market went from where it was just over a year ago to where it is today. And you would feel comfortably at ease with where it...

Trader Vic--Methods of a Wall Street Master The above author has excellent information on recognizing the transition from bear to bull market and vise versa, based on the theories of Robert Rhea. Not how to predict it but how to spot it when it happens.

Because $5000 is one man's 2% risk and yet another man's entire account.

Since the summertime my charts show oil down, nat gas down, corn down, wheat down, soybeans down, copper down, while the dollar has been going UP. I'm just a simple trader and admit that I know nada about economics but I don't think the above described is inflation. That story, at least for...

Says who? Margin calls are based on where prices ARE trading, not where one thinks they SHOULD be trading. And for now the market says gold is worth ~ $787.

After having some time to cool off and ponder the situation I have come to this conclusion. Even though I still feel that the outcome was significantly altered by the order rejection here are MY mistakes that I have to own up to; 1) I trusted TradeStation and their order execution. 2)...

OP, Is this the market you couldn't find opportunity in and want to forget?

Go back and read my post again. I said "of all the DAILY charts I watch". Daily charts ARE my shortest time frame that I watch. I also keep the weekly and monthly open on my screen. I position trade and have no use for intraday noise.

Of all the daily charts I watch and trade, (grains, energies, metals and dow futures) all have performed as I had expected with respect to S&R with the temporary exception being the Dow during the week that congress went socialist with the bailout headlines. As soon as THAT was done it has been...

The funny twist here is that when I heard my computer blurt out "ORDER REJECTED" (when I was expecting to hear "ORDER FILLED") I was sitting ten feet away from my computer reading "The Disciplined Trader". :D

Thanks. It sucks when you patiently wait for a move and when you finally get the move you were waiting for it's the system that screws you. I can handle the losses from my own errors. When I position trade gold I scale in the first two entries using YG triggered by the moves in GC. If the...

I understand and accepted the risk of slippage. However, it is not being slipped that pissed me off, it was the fact that the platform rejected the order for some unknown reason which would lead one to believe that the order is now dead. As I was trying to figure out why the order was killed it...

Even though I don't stand a chance of being compensated I sent the following e-mail to TradeStation. I am writing today about an error in your system that cost me a significant amount of money. I spoke with a Tradestation agent named Bill, from Chicago, about the error and he informed me to...

I have $0 credit card debt, or any debt other than my mortgage that I have been paying on time every month for 17 years. However, I 'm sure the new United States of Socialist America will take my tax dollars to bail out the overextended credit card losers.

Looking at the XPS 420

DELL. I've had many Dells in the past with no complaints but all of the HPs I had were CRAP.

Thanks Bro How's this look? PROCESSOR Intel® Core™2 Q8200 Quad-Core (4MB L2 cache,2.33GHz,1333FSB) edit MEMORY 4GB Dual Channel DDR2 SDRAM at 800MHz - 4 DIMMs edit HARD DRIVE 750GB - 7200RPM, SATA 3.0Gb/s, 16MB Cache edit VIDEO CARD ATI Radeon HD3870 512MB GDDR4 edit