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Better alternative is to pick up best of breed options book from Natenburg, Cottle, and Mcmillan. Know them inside/out, open an account and trade small, take a journal go over them. Learn from your mistakes, avoid them and refine the winning trades. Don't be too impressed with rich market...

Put spreads selling could be short or long vega depending on where the underlying is. Put spreads could be a good trade on a bullish call with one caveat-the skew. Equities generally have higher put vols which flatten when stocks goes up. So when you sell the put spread you are long lower...

Option vue has one feature very few (if any) programs have. The ability in delayed time to scan options that fit your criteria (Opscan) much like Linnsoft's, First alert or Omega research on the stock side (Ex. show me all stocks that crossed over their 50 day MA and priced between 50-60$ and...

Great post.!

Hi Babak. Spreading somewhat protects you from IV movements especially if the Iv is higher than its history. (i.e. XYZ volatility USUALLY trades at 45% but due to news is now at 60%) Just be aware that different strike prices have diff vegas so I say somewhat protected. By that I mean that a...

I was a floor trader in the NY futures market-coffee and sugar to be exact and what you described could be attributalbe to cheating or just plain oldrecklessness on the brokers part. The 1st is pretty obvious to spot but if you want to give the broker benefit of the doubt picture the 2nd...

Hi Catoosa. I almost considered RT for futures since I read rzve reviews as to the stability of RT, so your insight that it is behind IB is news to me. Could you elaborate as to how Ib is better than RT? Thanks

Try terranova trading. They just opened futures and use realtickI don't use them coz I don't mind jtrader for now. Also ffastrade.com seems reasonable plus quick platform. Good luck

How about that guy from U VA. Tyler M. interviewing Mr. Internet Guru. Eric Gustafson also from U VA. Mutual admiration society. Nothing against U VA. I just don't like eric G. since he never met a four letter stock he did'nt like. Nokia, JDSU, all of the poster chld of the bubble he loved. At...

Of course I intend to fulfill the contract unless I lose my job and can't. I would lose the house and screw up my credit report anyway. If the system allows you to borrow up to 100% of loan to value, one should take advantage of it and set up this 'hedge'. Will I do it? Heck if this real estate...

I heard that trading in Eurex could be more complicated than US markets since there are a LOT of numbers published by different governement entities. Could anyone be nice enough to confirm that plus give us a link/idea as to how to get the economic clanedar so I am flat before the numbers come...

Here is how I might want to hedge myself against hot market. I gleaned this from an earlier posting. Let say you bought a house for 325K that is not worth 400K. Max out as much as you can from home equity loan, put it in an instrument as close as you can to the int rate you are paying on your...

Top ten list on how to hedge against this upcoming collapse. in order of preference? 10. short homebuilders 9. short banks-not as fallible since rising interest rates, which is the strongest factor in the RE market, makes banks more $ 8. short agency stocks Fannie Mae, Freddie mac but...

I agree. Some prop firms tout the team environment. Trading is too important to be in an environment that you can't control. The guy next to you is losing $ daily so his negative energy pulls you down, the guy on your right is a superstar AND he makes it known that he is Da' man' so human...

Could someone be nice enough to tell me where I can find the underlying symbol for the bund,bobl and DJ Euro stoxx 50. I looked hi and lo, called my vendor-esignal, looked at the eurexchange.com website, called the eurex people in Chicago and even they don't know. I guess most important...

I broke a spindle on my wiffe's greatgrandma rocking chair 100 years old by trhowing a mouse at it. up to know I am paying for it 6 months later

Don't forget that there are costs associated witht heability to short on downticks. those bullet costs add up, very insidious but all too real

SethArb. I agree with you about the best way is to find a prop firm like the turtles, but the entry requirements could be pretty steep. Heavy math, quant background, sometimes need to be from the right schools. But re: futures as the worst way? I think the jury is still out. If futures leverage...

There are a couple of shots of the mymex pit wherein if you right click , save as wallpaper, you can then make it your screen saver Also the NYSE has its logo as savable to wallpaper

I am on my 3 re-read of Cottle my head still hurts from the 2nd. I traded sugar, coffee at the NYBOT (then known as coffee sugar, cocoa Thanks