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If the market is rigged, that is great. Use a covered call strategy and get rich! There's a great strategy for every market, if you understand the market, that's 90% of the battle.

I think a $130 Call Calendar spread, selling May and buying Aug would do the trick here. Limited capital outlay, modest deltas, positive theta decay.

I'm glad he's sticking to his marxist principles. I hope he doubles spending next year. This will making the trading easier.

I hear you .. and thanks for the input. The /NQ isn't bad either, certainly tons of liquidity. My broker requires tons of margin but that is actually helping me in the long run .. keeping moe outta trouble. I like the /ZN. I've gotten good fills on the /QM crude mini and /YG mini gold when...

I have $5k and I don't go near the /es.

I'm one of the newbs with the $5K account and it is easy to see how I could have already blown out my account (but have not) #1 Low capital. I really need about $7500, I don't so I just stick with /6B, /ZN, /QM, /YG. I trade to have like $80.00 winners and $25.00 losers. If I mess with...

All I know is that I made good trades doing covered calls @16 until called out (happily) last Friday. Will get back in there in the next dip.

There's no escape from this madness.

I'm a thinkorswim guy .. I can tell you that their papermoney platform is 100% on par with the real account. I've even run papermoney thinkorswim side by side with Infinity Futures and they were mirror images. I like to move my stops, etc, right on the chart. The margins are high on TOS...

I'm trying to convince wifey not to become a U.S. citizen, its just not worth it. She wants her social security money but the way I think about it ... they'll get it all back anyway in taxes when we leave this country and finish out our lives overseas. As far as trading, I'm going to hatch a...

already happening in Massachusetts. Sales Tax increased, gasoline taxes increased, local aid slashed so real estate taxes are up, now they're talking about a soda pop/candy tax.

I chart the /cl but trade the /qm .

I say AMMO nails it. There is a fallacy in your thinking. The fallacy is that you need to trade all day to make more. You are already profitable, just keep the winnings in the account, slowly and conservatively increase your trade size, always maintaining losses @1% or less. You need to...

Been messing with running charts off of /CL but trading /QM in paperland. It would be great if /QM would tighten up a bit but I suspect EVERYBODY gets away from it when they can and I don't see any growth in volume for /QM, /QG or those E micro forex contracts.

hey, hey I'm the real Coolio and everybody already knows I'm a beginner. :p

I don't like the bid-ask spread on the mini sometimes but it seems to tighten up when there's action. When I run my charts I run them off the /GC becuae sometimes they "shut down" these minis and it seems to throw off my charts a little. I wish there was more liquidity/volume in the mini...

Yep, my vote is for Texas. Lived there from 1991-1996. I don't fare well in the heat so I'll just watch myself from 10 am to 4 pm during the summer. Either Austin or Corpus Christi intrigue me. I'm headed back as a refugee from the Communistwealth of Massachusetts.

Looks like the ride down will be just as fun.

This is like a baseball player announcing that he does not like batting practice or spring training because "it's not that same thing." The point is make it the same thing .. both ways ... put pressure on yourself in practice and relax during the game.

Great point .. I've set a $200/week goal on a $6000 account, trading 1 contract. Its do-able and fun.