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Very good info. I was thinking of subscribing to JS services (expensive) for their pivots but this is all I need. Thanks guys.

No doubt trading isn't like seeing shrapnel flying by your head but I guess you do what you do to get your psychological edge. I agree. Whatever works for each of us. A sniper analogy might fit my style but I think I'm more partial to the chess or poker angles.

I've always taken issue with this war analogy. I worked with a guy years ago who would pound his fist on the table and say "trading is war!" Although I looked up to him as a trader, I always kind of laughed under my breath when he did this. Yes, if you put the same amount of energy and...

Absolutely. The first 2 days of the month I ended up doing about 1.5x my avg vol per stock per day. The first day was because of nice volatility. Friday was because I was immediately thrown into a dead-fall with very large spikes on the bottom (GS in the first 5 minutes, and then again 20...

After the close, the emini squawk guy for Trade the News was saying things like "If you can't make money on a day with a 35 handle range, maybe you should go back to first grade." I'm sitting in the back row when class starts. -676 today. Actually thought I traded fairly well, considering...

The the company just said there have been no new developements to explain the stock's move. Can't get shares. Shit.

Holding up fairly well when you look at MS and LEH.

2) I think we should start using the term "cash covered puts". I don't think TOS or anyone will let you do real naked puts in an IRA. Correct. The word "naked" has been thrown around fairly loosely in the past.

http://www.thinkorswim.com/tos/displayPage.tos;jsessionid=E289D893CADC955E8FDCCCFC90C75212.tos0_w3c2?webpage=promotions#singleShortOptionsPromo

Check out Think or Swim. They'll let you do anything with predefined risk, including naked puts. Your broker is full of shit when he tells you it's an IRS guideline. It's firm specific.

Please ask your broker the difference between a covered call and a naked put. I'd love to hear what he has to say.

http://www.elitetrader.com/vb/showthread.php?s=&threadid=96004 hmmm. Hopefully he has more than 1k now.

Good points. I assumed equities for some reason. Don't know why.

I think there are a few firms who will let you keep whatever hours you want if you're putting down a deposit. But you're right. The odds are definitely stacked against you. If you can only trade one day per week, I would choose any day other than Friday. Especially in the summer. Just too...

Agreed. Today could've been alot worse for me if I had stuck with my system completely. But thankfully (believe it or not) the last 5 out of 12 trading days for me have been horrible, so I scaled back more than I should have and it paid off. Only got got my ass half kicked. Just had a...

Just Murphy's law. That's all. All the best.

Even if your edge gives you a 95% chance of being right, you realize that since this is your first post, the 5% will come into play, right?

I had the same experience with Need to Know News. Customer service did not exist. Been there done that with TTN. One thing to say: http://www.newsstrike.com/ Free. Why? I have no idea other than maybe they're trying to put the BS services out of business. This is normally one...

Sorry Guys. You have probably found phones by now, but I thought I'd follow up anyway, maybe for others' benefit. I'm far from a phone techie but here are my observations: Off the bat, I have talked to numerous peolple with the top end treo and they are very pleased. Much faster internet...

16K ??? You F-ing kidding me? Christ, screw trading & studying. I need to start a school somewhere. I hope your company paid for that.