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Remote desktop will suck up his bandwidth because it funnels the constant remote desktop image over the air to his laptop. Better to just use the wireless for connectivity with a local trading program on his laptop and only have data/trades flying over the air. :) I was using TOS Desktop...

I caught myself agreeing with him a few times when I had CNBC on in the truck recently ... but then in the next breath he blew it again, and I was shaking my head in disgust. Meh. Not meaning to rehash old debates but I really only catch CNBC for a quick-hit on what the markets are doing...

Nope, but I was impressed that CJR called him out on this story. Can't say it's a bunch of "anonymous bloggers" this time!

CNBC’s Dennis Kneale Goes Native Cultivating powerful sources at the expense of telling the story http://www.cjr.org/the_audit/cnbc_dennis_kneale_sumner_redstone_lauria.php

If you're looking to be scalping for ticks, then yeah, TOS probably won't work for you. I'd say TOS is not good for TICK-traders, but it's othewise perfectly fine for day trading. I've been using TOS to daytrade the /ES and other futures for the past year and for me it's been fine. It's all...

For me, volatility-is-dead is simply looking at the chart, seeing a price chop around in a very narrow range. That tells me to stay out of the market. Look at the ES between 1130 and 1330 on most days, or the ES in the mornings prior to FOMC meetings to see what I mean. If the ES only moves...

Same here. Longer timeframe has been a godsend for my trading style, personality, and sanity. :) Then again, I'm only making 2-3 trades/day now, and refined my trading style significantly compared to 3 years ago when I'm embarassed to say how many contracts I moved each day as a newbie...

Funny how BP is one of the equity options with weekly expirations. Coincidence? As with any trading vehicle, the proof will be in the pudding whether it will be useful for anyone .... and of course, liquidity is a factor. Will be interesting to watch, though.

"Make Money Regardess of whether stocks go up, down, or nowhere at all...."

"It's a 'correction'" ...that drives me absolutely crazy, for it presumes that markets are only supposed to go up as part of normal functioning. After all, you 'correct' a deficiency. Gaaaah! "We remain neutral ...." / "We have a 'hold' rating" EVERYBODY has an opinion. Neutral is...

"First on CNBC" :)

I have/had no problem building a sizable GE position with a 20+ year horizon. During the crash, I started buying it at $20, bought it down to $12, sold a bunch of 12.5 LEAPS puts back in early '09 when premium was out of control, and then bought some more at $10. (The puts expired worthless a...

I was very sceptical of those PP-notes when my UBS guy passed their marketing stuff to me as an FYI from their then-current offerings. Sooooo glad I passed on them for the reasons cited in the article and my own assessment of their setup versus the market action at the time back then.

IIRC it was 50% of the contract value as opposed to (I think) the usual 20%. Which is common for brokers to do during periods of major volatility. I saw the alert come in, but was sitting on hands so I didn't really care. :)

Mine too -- was long puts and bearish options spreads going into today. Most were slightly underwater for the past few weeks, but I wasn't worried since they were longer-dated options with a different timeframe. They pretty much exploded in value today -- was hard to exit some of them in all...

It's called a married or protective put. For the position to be profitable the stock needs to rise beyond the price you paid for the long put. Conversely, if the stock falls, the put gains in value and (depending on the strike and greeks) wil offset the loss on the stock. That's the...

Anyone here trade options on the /ES? I'm noticing that trying to get a fill on a vertical spread - even when there's significant volume @ my strikes - seems to be impossible via ToS. Is there something I'm missing in placing orders on them? Just curious. For whatever reason I felt...

Thx brownsfan. For the record, you're one of the oldest (longevity) OEC traders I know of since joining them in 2007. :)

How are things over at OEC, brownsfan? I know you've been there for a while ... I stopped trading there about a year ago when they had a bunch of data problems, but I kept my account active because they did offer a great range of contracts. I've been looking for range / constant value bars...

(BTW I never mentioned 'imminent crash' --- I said that I don't trust this rally, and to dismiss doomsayers for being early is immature journalism at its best.) Yes I mentioned Paulson - he may have gone long, but remember that he's already made his $$$. I haven't. :) Indeed, I bought...