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This has happened both years I have been with Scottrade. Do they normally mess up and then send a correction? Here's my question: The "corrected" one included a dividend paid by SPY on 1/31/07. I want to know why a dividend paid on 1/31/07 would appear on my 2006 tax information. The...

^ Nihaba, thanks for that post.

I work in IS. What is a Bloomberg T-1 connection? Is that different from a regular T-1 connection? Also, if you can take $100k to $10M on your own in 10 years, why not just retire? Who needs more than $10M? Seriously. If I had $10M I'd put it in an account that pays 5% and live...

I don't have any debt. I save as much money as I can, and put most of that into my trading account. My car is paid off. I have no credit card debt. I was just wondering if any traders had night jobs. :cool:

I'm just wondering. I have a corporate job right now and I'm just wondering what other traders do. I'd like to trade for a living but I'm nowhere near being able to do that.

Since the market is open during the day, do any of you have night jobs? You could work part time at a Grocery store a few nights a week... the pay would suck, BUT some grocery stores will give you good benefits even if you're part time. Last time I checked, day trading didn't give...

I just skimmed your post, but making $400-600 a day is a lot more than I'm making in my corporate job. If I was making that much, and I enjoyed my job (or, at least, didn't HATE it), it would be no question as to whether or not I should keep doing it. And if I was making that much, I'd still...

Hey, I was right :D SPY +1.71%

I didn't trade today because I was busy at work all day. I'm a corporate trainer. I teach people to use .NET applications. I was teaching all day... But I checked my Scottrade portfolio today and saw a nice loss in longterm investments. Ouch. I got in on SPY a few years ago at 117...

Can you please explain the bolded part? Yeah, that would be more doable with cheaper commissions. So you must trade pretty expensive stocks to get a 15-30 cen move in less than a minute... right? Is it wrong that I look at the price change as a percentage and not as a cent amount...

I hear things like "if too many people know your edge it ceases to be an edge." So, say you've discovered a system that works. Let's say it's pretty TA based, but there's some discretion involved, too. How long would this system work, on average? Or can you not answer a question like...

I don't want to scalp, tho. I said I'm looking for 5-10 cent moves. Is that considered scalping? Maybe my definition is wrong... I think of scalping as buying HUGE amounts of a stock and selling almost right away after a +1 cent move. The positions have to be huge to allow decent gains after...

I joined and there's no no one there :(

All the "strategies" I'm trying to come up with on an intraday timeframe don't involve capturing big moves. Therefore, 100-200 share lots would not be profitable after comissions. I'm shooting for 5-10 cent moves, NOT $1 moves. Am I going about this entirely wrong? I get worried over 1-2...

Yeah. 1-2k a day is laid back and relaxed :p

Margin will give you 2:1 overnight (4:1 intraday). That's doubling your available capital. It will cost you... whatever margin rates are for the year.

I want to preface by saying I'm a noob so keep that in mind when reading my post. Your post makes me think. THE is trading at 35.02 right now, so you would've nailed your target + some had you stayed in. Why was your stop tight? Is that your normal style of trading and you just got stopped...

^ I like your posts because you're a noob, like me, and you're not afraid to talk about it on here.

If you reread that post, I was quoting Ebo. I even quoted him in my post. I do not corrupt the English language.

Thread failure. Except I learned what a piker is.