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why not just enter a bracket order to buy above/short below to catch the breakout? don't get bored, frustrated, do something stupid in the meantime.

it's easy for a 1% move to turn into a 2 or 3% move in the overnight session b/c there is so much less liquidity. ES quickly recovered. although if you were stopped out and got hit by 10 points of slippage that's cold comfort.

it is possible - not sure on the specifics. ray dalio at bridgewater is prob the most famous hedge fund that does exactly this.

There is nothing fake about her returns .. Tom is already a multi millionaire and has better ways to make money than coming up with a fake trader who could easily be exposed by someone that knows her if she is fake . this is a carbon copy of cramer/dykstra. cramer had millions yet endorsed...

haha but the diff is that the local 7-11 doesn't care if someone pays $1 and wins $100 million but she probably would care if she sold a bunch of outs for pennies that are now worth $10. interesting how she started in 2002 - i wonder what would have happened to her superior strategy of...

+1 to what sle said re no free lunch. there is no way to have unlimited upside w/ no downside. the downside to having the opportunity to profit from a vol spike is you have to pay for it via premium. as sle stated downside protection is cheap right now but only up to one year. i would not...

or 6E if you prefer trading early in the morning (start time around 2-3 am EST).

in the short term fb looks to be headed lower but IMHO i'd buy more time than a week - i'd go w/ the dec puts.

never let the fundamentals get in the way of making money. HOV has been in an uptrend since it broke above the 50 dma in june then retraced baced to the 50/200 dma in august. i'd wait for price to drop below the 50 dma and possibly retrace before shorting.

question 1 - you can use tos (now tda) software to do this although you can pretty much get this software from any reputable broker. question 2 - again you can paper trade using tda, ib, whoever question 3 - book recs - i'd start backwards and see what type of trader you are FIRST then...

just curious, how many of you trade standing up? no, i'm not talking about being long NG before the inventory report yelling "come on baby huge drawdown, it's been freezing this week!" everyone i've read/heard about swears by them but i can't imagine standing in one place for 10-12 hours a...

one does not simply attribute price movement to one specific news item (unless it's a terrorist act)

b/w now and the resolution of the fiscal cliff, the market will be scope locked on this and pretty much trade off of it solely (always there's europe, middle east, black swan). IMHO, the market sells off after the resolution of the fiscal cliff b/c everyone expects congress to get their act...

i usually only trade options if the spread is less than 10% but there is still a huge universe of stocks that meet this criteria. trading wide spreads isn't worth it IMHO b/c you give up too much getting in and out. i know, i know - just work the spread. well that doesn't work as often as you'd...

+1. i would strongly suggest not doing this. trying to manipulate prices (which is what you're doing if you're doing this) is the best way to rack up some face time with you're favorite uncle (uncle sam).

+1. i aggressive traders could get long above 20.19 (the recent swing high) or conservative traders would wait for a break of the 50 dma and maybe a retrace to it. price has been below the 50 dma since 8/21 when it was about 26.

as i said it looks like it's going lower in the short term (next two weeks). yesterday was a key reversal which is a very bearish sign. these usually only show up a couple times a year and when they do it's a high probability trade (the very few times it fails means price is going to skyrocket...

i agree you should stay away from intraday trading b/c you can't be in front of the computer all the time and no you're iphone doesn't count. smartphones are fine for anything other than daytrading. i suggest swing/position trading. you can set alerts to be notified on your phone when you're...

i'd be short BAC (and the mkt in general now). just my 0.02. as another poster said i'd wait for a pullback before buying calls (although the vol will be pumped up after this).