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I couldn't agree more. I got *&^(ed friday on that up move. And while I am definitely not the best ever, I have an okay track record. It was obvious there were some big guys that knew about the plan before the close friday, then all shorts get totally screwed - on action that looked like it...

No this is NOT normal. If you just started, I would suggest just watching until things get a little less chaotic. A lot to learn here for sure, but I've been trading for a while and these moves are making me sit out. You just have no edge.

Y - the volatility is crazy. At least we know one thing for sure - the big boys were all tipped off by midday friday it seems, as it was imo the craziest buying spree I have ever seen given the economic and trading backdrop that transpired last week. No one would have been going long over the...

I believe the did for the common, not sure for the preferred.

If you haven't read the press release, you might want to. As bad as it is to have to bailout FRE and FNM, the plan is about as good as can be imo. As I read it, all losses go to common equity first, then current preferred shareholders, before the government's new preferred shares take any...

FWIW - I've traded the ES for over a year. Never had any slippage. I had a 1 contract position on this morning - I was looking to add lower as i was long, however I will admit I AM a small fry. At any rate, 30 seconds after i was stopped out, I noticed I my stop executed a tick below my...

Y I have no clue honestly, but 110 has been the level mentioned for weeks by a lot of traders so that was the only reason I said that. But seems highly possible that we can break through that tomorrow.

Yeah, I didn't even mention options because even a lot of guys that trade the futures don't trade options, and not options on the ES but on etfs or stocks. Like other posters have said, you do seem to have pretty good setups, so like I mentioned before, i think your issue is with your...

Oil down to 111 after a major hurricane passed through the Gulf of Mexico, combined with the big up day (5 to 6 bucks) and then totally reversal last week or the week before (i cannot remember), has got to be a pretty omnious sign for any of the energy bulls. Maybe in hindsight everyone can...

well if its going to giddy up by 10 to 15 it better get on with it- currently only up by3 bucks and natty barely up

I believe the 2:00 preopen is the period where the begin accepting orders, I guess it matters more in a time where the exchange has an unscheduled opening. Not an expert on the subject but I know it happened last year on the CBOT when it was shut down for a couple of hours. Oil is...

Very nice trade - or as me and some of my trading cohorts like to say VFN!!!!

:D Touche- now THAT was pretty good!

IMHO, you sound like you are trading scared. I know it becasue I have done it from time to time over the past year (I started trading index futs in July 07). It is nearly impossible to make money when you keep losing over and over because your confidence is lost, and as soon as something in...

WELL SAID!

Just a shout out to see if anyone trading here located in/around the Nashville, TN area (where I am). Feel free to post/PM me if you are.

I had this same conversation with some people earlier tonight. I completely agree with the optioncoach. Ftr, I trade mainly futures and options, but I am never naked puts or calls. You can model the naked sell, premium extraction strategy til the cows come home, but NO ONE has been able to...

Second Arnie there - the timeframe you are looking at to trade AIG shows it is in a clear uptrend during the time you are viewing/trading.

TOTAL SHOCKER!!! :D :D :D :D