I am waiting for the big technical rally to 880 so I can get short. Then, I will wait another week, cover the short, and go long. Please reference this thread, the author really knows his stuff. :)
http://www.elitetrader.com/vb/showthread.php?s=&threadid=14589
So, are you implying that whenever Buffett says he does not understand / dislikes something, there is a positive correlation between that statement and the thing or idea failing?
Hell, then we better not ask him how computers work.
I sell 8 wks out, and cover 2 wks out, on average. I need to cut down on commissions. I did about $5K in business on a $60K account this past year. I hit net breakeven since inception (27 Feb) this past week. This includes 3 $5K+ drawdowns from losses.
What about the B/A Spread?
On the entry, for instance...
If you lift the Ask, you are already out the spread.
If you sit at the Bid, and wait to get hit, the market may have already moved against you.
How about the cost of the trade?
Using IB, its $17 to enter, and $17 to exit.
This...