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Actually, what you have said makes not only alot of sense theoretically, but in practice as well...The "hidden" costs of trading options at the retail level are so enormous that alot of the "edge" evaporates in an instant...I mentioned the OEX earlier in this thread because, imo, that was just a...

Many thanks for that website...One of the re-sellers I had considered for a back up PC received horrendous ratings...Fortunately, I found this site in the nick of time

Actually, there was a typo...I did not intend to say decrease your size, per se, but rather decrease the add-on contract size relative to your initial entry...For instance, if 10 contracts on the first entry, perhaps 3-5 on the add-on entry...This way you do not jeopordize your entire cost on...

It appears to me that the settlement went out close to 6pt than 4pt, but regardless, that is just the fear indication going into the weekend...there were probably a large supply of MOC sell orders and it just closed at its lows...

Yeah, that is also a part of it...I think that you have to pick your spots and try to be conservative when there is nothing to gain...Kinda like trading mid-day in the markets...How much do u have to gain as opposed to how much is at stake...Pick your spots and pick wisely...These guys use the...

Trader 99: yes, I agree...all competitive sports or games definitely expose one to the competitive nature of trading...Golf was just my way of understanding it...

This is the nuts and bolts of trading at its finest...trade management...I do not think that there are any "hard and fast" answers to this question...Without a doubt, this is the aspect of trading the gives one the most creative freedom within certain limits... Depending on your...

I think, by far, the most difficult aspect of trading is knowing how to maximize the trade without subjecting oneself to alot of the "reverb" or noise on the pullbacks...I, for one, believe that there are only a few optimum entries in almost all markets during any given duration of time...For...

Matt is right...Until you actually feel the pain of a position go massively against you, the idea of leverage is romantic...The beginning trader is always thinking of upside; the pro is thinking of how best to manage downside... I have no idea how you can think of trading 40 lots with...

I agree with the general tone of the responses on this board...But I also believe the original question is something that a 22 or 23 year old would ask because he is under the assumption that a college degree means something when it comes to trading...As many have pointed out, the Ivy League...

This is an issue that I feel is a big achilles heal for the industry and probably, on more than one occassion, has caused some uninformed traders to really blow out, plus owe a big debt to the clearing firm...My feeling is that the short term scalpers who are leveraging a 10-20k account with 1k...

My bet is on WCOM...

yet another reason to trade as a non-professional...no professional fees, lowered accounting fees, no ordinary income tax on futures...

lol, lately???...you mean off and on for 3 years...IB's problems have been well documented here and in a variety of other venues...This is not simply an ISP problem...IB has sent out more bulletins than I can remember over the past month with reference to Globex disconnections, router switches...

my guess is that these are the "hobbyists" who have a bunch of money, are semi-retired, and get a thrill throwing 30-50 E-mini contracts in the market for some sort of adrenaline rush...Since the money is basically a non-issue to alot of these guys anyway, why would they care whether they pay $5...

Kicking: I think that the tendency for futures to spike up or down quickly has alot to do with what "stage" the market is in...By the time the market gets near major support, there is definitely alot quicker spike action to the upside near the support levels and vice versa... I think both...

yeah, lol...to make matters worse I remember back in 1999 he went to all of the various message boards looking to interview anyone who traded shorter than his position trading time frame, only to try and prove a heavily subjective theory in the first place...He wanted to prove that all short...

ok, I see your point now...You were referring to stock traders...Yes, I think that is probably very credible mainly due to the mechanics of trading stocks and the fact that many people who got their start trading stocks during a bull market would have the majority of their winners from long...

Yikes, not even one response...

This actually is an interesting argument for a few different reasons...While one might assume that a larger account is safer from liquidation or overleverage AND that it might generate higher commissions, I would not say this is a certainty... From my experience and my exposure to other...