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One of the things that first impressed me about IB was their OLD webpage. It looked "worldly"...as in a world-wide trading shop. The new one looks like a Home Depot page. Sorry... sax

By the way...regarding mark-to-market election, you might want to take a look at this brief overview of things to consider. http://www.edaytradertax.com/tradermtm.htm Here are some important points: "Once you switch to MTM accounting, all your future profits will be ordinary income -...

I used Tradelog for the first time this year, and while it has some weaknesses, it does do one thing that you need that the IB statements alone will not provide, and that is calculate a wash-sale adjusted P&L statement. Unless you are claiming marked-to-market status, you need to deal with...

How many people can say that they had the entire US economy at their mercy at the age of 28? You?

Need I remind you that the CME is a public corporation now. And these days, what manager of a public corporation wouldn't rather make a quick killing than insure their job security for the next 20 years...let alone ex-trader managers. Wake up, brother....this stinks to high heaven.

I have only been trading Globex for about a year now (though I used to be in the S&P pit at the Merc). So I'm wondering... Has this (the big outage) ever happened before that anyone remembers? Not for a few minutes, but for hours? Thanks, sax :cool:

Maybe they need to experience a large-scale class action lawsuit.

Some CME bigwig's position started to move against them, so they PULLED the plug. If it gets worse after they reopen, they'll probably start busting trades! :mad: This should NEVER happen, short of a nuclear attack or something.

I think it was Edison who said "Genius is 1% inspiration, and 99% perspiration." What he didn't say is that the 1% of inspiration is the most important of the two (obviously; cause a lot of people work hard). My 2 cents worth of advice: First, shape a good question (a hypothesis). Then...

Tomasz Janeczko, the chief designer of AmiBroker, had some good advice I read somewhere. He suggests optimizing your system on one set of data (a certain date range, for example) and then testing it on a seperate set of data. Also, in terms of "real world" applicability, you should keep in...

Like P. T. Barnum said, "Nobody ever went broke underestimating the intelligence of the American people."

I recently went through this process. Here is what I did. I bought a second hard drive, same size as my primary; not quite as fast, but less expensive. I then used a GREAT program that you can download and try free for 30 days (then $35 to purchase). It's called Casper XP (designed...

I work with a fairly detailed set of trading rules that I have worked out over time, and when I didn't have a hot position at stake (i.e., as objectively as possible). I call it "the Playbook". My rule of rules is, "if it isn't in the Playbook, don't run it." But...being human...I...

On the short side, I trade exclusively ETFs and index futures. Maybe other traders are agile enough to short individual stocks, but it seems to me a bad risk/reward ratio (i.e., they can only go down 100%, but they can go up ????%!). ETFs and indexes, on the other hand, are unlikely to double...

Here's the recipe... 9 cups of coffee and a good polka blastin' on the stereo, then you're ready to trade. sax

Listening to music while trading? Jesse Livermore would turn over in his grave... He used to trade from a sound proofed room in his office that had a window in front of his desk, looking on to the large quote boards that he had people marking in the next room (closest thing to a realtime...

They haven't picked me off yet, but as you can imagine, I'm not real happy with my entry on the trade! I should know by now to let a red hot market cool a bit before trying to short it. Don't think I'll forget that one next time. :) I may be forced out tomorrow...but all may yet be...

I went short QGs at $6.50 on Friday. My long term indicators tell me that we could be near the start of a bear market (12-18 mos) in natural gas. Hoping to cover at $3.25 or less. All the war angst aside, unless the economy comes roaring back to life this year, I don't think current gas...

Fruity, Actually your score is 103. You loose 50 points for saving the results. :cool:

As candletrader points out with the premise of this thread, there can be negative consequences to ANY action we take, or fail to take. We must be as equally vigilant concerning our own objectives as we are concerning the objectives of others. A young Mr. Lincoln put it this way: "As a...