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With no dividends involved, with optimal strategy, only puts have the possibility of being desirable to exercise early. If the stock pays a dividend, then it is sometimes optimal to exercise a call early too. Excluding those situations, its usally better for the long to trade out instead...

For jobs on the floor, I'm told its tough. I went back to school 6 months ago to study trading. A friends relative I know trades in the CBOT bean pit, and he used to be able to get new runners and clerks on the floor there. Recently when I tried pursuing that avenue, I found out that floor...

Awesome. I've been thinking I need to get some serfs myself. :p

Planning to go dual montor as soon as I graduate from paper trading. Charts+T&S+Order Entry just too much for 1 screen ! Items of Note: TI-81 Calculator: Leftover from high school and still functional ! Java Book: Highly Effective Monitor stand :D Thanks all for their posts ! Now I...

A couple interesting things on the 5 minute chart. 1) Play of the day in my opinion was going short at the formation of the intraday head and shoulders. Great risk/reward ratio. Pattern played out to expectation and dropped all the way to intraday support level. 2) Couple interesting...

No real suprises today. ER2 stayed range bound most of the day. Ended with selloff attempt. Resistance expected @ 60920, established from 1/13 selloff. Resistance indeed found, selloff low is 60930. Day ended with minor bounce of 60930 resistance.

Was reading Stocks & Commodities magazine on the train yesterday. One of the articles was an interview with a trader named Rick Ackerman. One part of the interview stuck out to me. ----------------------------------------------------------------------------------------- Interviewer: Is that...

Market was quite bipolar today. Long-Short-Long-Short was the theme of the day for traders riding trends on the 5 minute timeframe today. 1) Attempted selloff foiled. Market rally's back on strong volume. 2) Resistance found near violated trendline from 30 min chart. Last leg of rally on...

Prevailing 30 Min trend had been up. Trendline defined from 1/12 and 1/13 lows. That trendline broke in yesteredays selloff. ER2 found support in the 61200 area today. Attempted two rally's today, both failed. Closed around local 61200 support. Either look for the support to hold tommorow...

I'm trying to improve my price/volume analysis skills. Here is today's attempt. 1) Volume Spike on attempted selloff. 2) Attempted breakout. Volume surges on the red candle following selloff attempt. Price dips back below resistance seen on 30 minute chart.(Black horizontal) 3) Selloff...

I'm going through Velocity Futures. You can sign up on their web page for it. Its like $50. Alternately, you can PM mark from velocity futures (velocity_trader on ET). If you're eventually looking to trade futures with real cash, he may be nice and hook you up. -Tony

Taking the day off from trading to get caught up on school work. However, I did have a couple thoughts for the day: I want to define my terminology before I begin writing. I have not read any books on swing trading. In this entry, I am using the term "swing trading" to refer to a style of...

I am making tweaks to my trading style this week. I am making an effort to focus less on technical indicators and more on the price/volume relationship and trendlines. I am using the 30 minute chart to determine the higher order trend. I am using the 5 minute for trading decisions. My...

Have 2 charts for todays entry. Part 2/2.

Have 2 charts for todays entry. Part 1/2. File has a bad name. This is actually a 30 minute chart.

I prefer the term simulated trading to paper trading, but yes. A few months ago, I decided to go into trading full time. With my lack of experience, I didnt have any luck getting into a Chicago prop firm. Given that no one else wanted to give me an opportunity, I decided to create one for...

The following is from "The New Market Wizards". Jack Schwager is interviewing a trader named Monroe Trout: ************************************************ Jack: You were fresh out of school. How did you learn to become a scalper overnight ? Monroe: You ask a lot of questions. You stand...

Going into week 3 of my simulated trading. To date, all have my trading has been based off of technical analysis indicators. I've tried many indicators in all sorts of time frames. Havent had much good luck with this approach. This week, I think I'm going to experiment with a new style...

I don't quite know what to say about a trading day like this. I lost money, traded well up until the last hour and mixed signals & a twitchy finger cost me a gi-normous payoff. Obviously no likes to lose money. But thats secondary right now. I had a few really good trades which made me happy...

I certainly feel like a big dummy anyways. Today I lost $640 in trading losses plus another $220 in broker fees. I'm supposedly doing macro day trading where I'll take a few positions per day based on trend changes. YET I MANAGED TO MAKE 38 ROUNDTRIPS TODAY !!!. Instead of just using my one...