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That seems like a very important component of your "edge". NOT trading can be difficult. I've identified mine as FOMC days and half days as well. Admitting something doesn't work and having the discipline to implement such a revelation into one's strategy is a big step on the road to success...

I recently heard some "oil guru" say on Bloomberg that oil needs to hit $110 per barrel before extracting oil from shale becomes economically feasible.

"Anticipation", by Carly Simon?

Wow Cache. That was a mouthful. Actually, it seems that you are pretty much right on the money, so to speak, with all of your assumptions. This sounds like some very good advice and it appears you are very knowledgeable on the subject. So, allow me to fine tune a couple of points: Property...

Thanks for all the input. My situation is this: I own a home that can be appraised at @500K. My current balance is 188K with a 30 yr fixed rate at 6.38%. I'm looking to refi in the neighborhood of 300K and use the remainder to consolidate bills (two college kids) and add to discretionary funds.

I was thinking about a refi and was wondering ...how long does it take for the mortgage industry to digest the new Fed Funds rate and adjust their loan products to reflect the new interest rate? IOW, when will the standard 15 and 30 year fixed rates follow with a .25 pt reduction? Thanks.

The veterans on this site seem to be hinting at the same thing: How to prepare one self in the event of an unforeseen circumstance. As important as your question is increasenow ( I too would like to know when increased lot size starts to affect price ), I feel the most important thing to know is...

It seems as if you only needed one opportunity on 10/23. 1029 CV chart with 9 and 18 SMA, 1,24,1 MACD settings. The 38 line seems to be the magic number for this configuration. Thanks for the fresh idea alex.

tom, Way to stand up and tell the story. I have used QT and think it's a fine tool at an attractive price - free! I have no affiliation with them, I just think they put out a terrific product. There are but a few on this site with your integrity and willingness to admit a mistake publicly.

:)

Best of luck with your dream fatrat, but I thought you might like this tidbit: Tom had been in the liquor business for 25 years. Finally sick of the stress he quits his job and buys 50 acres of land in Alaska as far from humanity as possible. He sees the postman once a week and gets...

That can be true in some respects, but a more thorough investigation into the company's finances are in order. The street tends to overlook unusual one time charges if the "core" results are in line with analysts projections.

...one time tax charge ...asset acquisiion ...IOW not part of normal perodic business expenses

Oh yeah, and the Mets finished second. Sorry, I had to vent.

Stocks started getting frustrating because a large part of my strategy relied on the ability to short stocks, which weren't always readily available. Even with the no uptick rule Pilot program, it seemed even less were available! Couple that with the myriad of tax entries and less than favorable...

Correct, no PDT rule. A big plus. You could make 500ity billion trades (LOL) and just your net gain is entered, not a zillion entries for each and every trade, another big plus. No wash sale nonsense. And yes again, it is much better than stocks, which is why I am migrating. OEC is free for...

OK' I'll take a stab, even though there is none noob-ier than I. 1. Spreads. There seems to be pretty consistently tight spreads on the YM and ES (1 pt. and 1 tick respectively), at least on the SIM I am using and from what I gather reading thru threads of seasoned traders. An actual...

This is correct.

Quotettracker.com

Although I am new to Futs (ES in particular). it seems that the DOM is a lot like the Level II screen in that there are many "false" bids (or offers), and many times participants will try to front run the genuine bids (or offers) then pull them, because big players can manipulate things like...