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If you want to stay in this game, you need to eliminate the thought processes that lead to phrases like "(I) need to make back x pips/dollars." And "hope" does not belong in a trading plan either. I know you've said you're avoiding books, courses and other trading education materials for now...

If the quotes below are accurate, it seems even George and his son have called B.S. on these grand theories. www.gladwell.com/2002/2002_04_29_a_blowingup.htm George Soros seemed to be successful for a reason, too. He used to say that he followed something called "the theory of...

I nominate the "dipshit to population" ratio for inclusion in the annual "Ease of Doing Business" survey published by the World Bank. Re storing gasoline, it used to better suited for extended storage but now the gasoline (and the engines) are far more complex. Check out the cost of STA-BIL...

That's quite a list. I thought I was skeptical and frugal, but now I realize I'm just a Pollyanna. :p A final point about the TST offering: It's not for me, but hypothetically if I signed up, passed the combine and was presented with a funding contract, I'd be all over the NFA BASIC site...

Since I'm new to the site, I have a question about its personality or history. Does every vendor get raked over the coals like TopStep Trading? For example, back when Ken Roberts and Jake Bernstein were selling their snake oil or Richard Dennis' former Turtles were selling...

Oldtime, This article has a summary of the gas ETFs. As you probably know, there are also gas ETNs and a number of sector mutual funds that invest in E&P companies, O&G equipment companies and O&G service companies. An E&P mutual fund could be the appropriate vehicle for a set it and forget it...

Yeah, and they're both from Chicago. Maybe they ought to meet up at the playground and settle it the Chicago Way.

Good point about the tick-for-tick. I was surprised to see any of the softs on the list. Sugar would be OK on some days, but a trader might fall asleep waiting to execute his/her day-trading strategy in cocoa.

It looks like Top Step is limiting simulator trading to CME products. If that's due to a desire to keep the software reasonably simple and the data fees down, that makes sense. But are the CME softs (coffee, cocoa, sugar) suitable for a retail trader, whether simulated or with real money? Based...

This will be old news to some but maybe not to others... Those screeners frequently spit out junk when it comes to ADRs, so in the case of FMX (Coca-Cola bottler, brewer and owner of Mexico's largest convenience store chain), you might want to check into the real numbers before betting for or...

Go to Google Images and type in "option time decay graph." For some, the sweet spot is to sell at 30 days. For others, it's 45, 70, or 90. As a beginner, I think you'd be playing with fire by selling options with only a couple of weeks to expiration.

Thanks for discussing the ideas behind the transactions. I'm looking at some beaten down companies and sectors that I want to own, but I think they may have a slow recovery. One idea is selling long-dated OTM puts, another is consecutive OTM put sales as the near month expires. I'm also trying...

Yes, I understand that. It's just that el Maestro del Puts has written in this thread and others about all the research he does, how one must be willing to own the stock if they're 'put' to him and that he doesn't over-leverage so that he can buy them if a put happens. Selling a high vol...

Hi, I've been following this thread and it sounds like you do a fair amount of fundamental research before pulling the trigger on a put sale. I have a question about the most recent trade you posted (WMS): Why sell so close to the money and for such a small premium (20 cts)? I understand...

I was not familiar with the use of 'combine' by professional sports teams, but it's an apt descriptor for what's going on in these programs. Plus there's the Chicago connection (Cyrus McCormick's company >> International Harvester). Combine: A harvesting machine that gathers in a large volume...

CoolTrader - By "position trading" do you mean you're going to carry it overnight/over the weekend, or are you still going home flat every afternoon? P.S. I'm writing this message on 9/19 at noon CT. As a new member, I think my posts are being moderated so it might not show up for a while.

If you're still in college, when do you go to class? :confused:

I think you're right. Up to now I've dabbled in options with some basic strategies but hadn't used a broker's software that only showed one side for Gamma, Vega and Theta. I compared some same-strike futures and equity options in a couple of non-IB pricers and Gamma, Vega and Theta were...

Hi - A few notes distilled from personal experience plus researching the "Trading Software" and "Options" forums on Elite Trader: 1. CQG has a good reputation and a high price. If you're just starting out, it might be overkill if they lock you into a year up front. 2. OptionVue. Again, a...

Hi - This may be a configuration issue, rather than a bug, but here's what I've encountered: I'm trying to display all the Greeks in the TWS Option Trader and Option Chain modules, but they only appear on the Put side (see attachment). I believe the IB default configuration includes IV and...