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I'd buy that for a dollar! http://www.youtube.com/watch?v=daoV-LsINiA

I enjoy trading futures but those damn forex.com commercials on cnbc made me try out their demo platform to trade fx. Are pip bid/ask spreads of 5+ normal? That seems pretty darn wide. I've always wondered what a bucket shop looked like, this must be a good representation.

That may have done the trick, it works now. Thanks! :)

That sucks. I enjoyed watching WSW and the other two money shows, Bobby G and Start-up Junkies. The stupid Amazon video player has locked up 2 different computers when I tried to use it so I guess I will have to miss out unless Mojo changes their minds. :mad:

PPT at work here? There was news this afternoon of the economic stimulus package getting worked out.

Look at the charts of ES and ZB from about 10am on this morning. ZB seems more like it is following the ES rather than running away from it, kind of strange. I'm not sure what to think of it but I'm still trading them both! As someone wiser than me has said, trade what you see not what you think.

I've been scratching my head all day. Especially after the big drop after 8am this morning. Kind of weird.

That is a lie, it was ratified and upheld by the courts. The rest is a conspiracy theory peddled by snake oil salesmen.

US Constitution, Amendment 16 The Congress shall have power to lay and collect taxes on incomes, from whatever source derived, without apportionment among the several States, and without regard to any census or enumeration.

And it probably didn't hurt that the ES was limit down at 1255.50 and wasn't allowed to go lower overnight no matter what since you couldn't trade it below that level. I'm not sure that I would be comfortable following Rick's advice if he didn't know the ES was limit down and was giving credit...

OEC has changed margin to: Due to current market volatility the day-trade margin has temporarily been raised to 50% of the overnight exchange requirement.

ES is limit down. I haven't been trading the eminis long enough to have seen this. Here is the link for info: http://www.cme.com/trading/files/PriceLimitFAQ.pdf If I understand this right and the ES stays where it is right now, at 9:30EST the 5% limit is removed and the new limit is 10%...

1. Don't think so. 2. Depends on the individual trader, their plan and their risk management. 3. A number of other credit selling strategies are in these pages (CTM spreads, diagonals, calendars). Lots of great information from great traders, just keep reading through it and you will...

The SPX Credit Spread Trader thread by optioncoach will answer most all of your questions. It is extremely long but full of great information. I would recommend that you read it all before selling any options with real money. In the mean time, go crazy with a demo account to learn as much as...

Go to the SPX thread and read posts by rallymode about selling 5 point spreads close to the money.

Not necessarily. Your stop can get blown big time by an overnight gap. You will get stopped out when the market opens but you might be surprised at how far past your stop you actually get out. Your P/L can swing pretty wildly even when the market is still well away from your strikes.

Quick example I just pulled up this evening using Jan options. Sell IC (1 contract each) puts 1825/1800 for 2.30 calls 2200/2225 for 2.75 Max profit is $505 Max loss is $1995 As you can see, you are risking 2 grand to make five hundred. Let's say the market drops 222 points from...

Memorize this quote: "Eat like a bird, crap like an elephant"

I've looked that site over several times iin the last few months for fun. Lots of people trying to pay off their credit cards, then what? Run them up again I'm sure. What grade of borrower have you been funding?

Is that the reason for the large jump around 10:30 or did the reversal crew just get very muscular then?