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Yep. Plus pay a truckload of commissions too.

Hey Easy, What kind of stops do you use for these smaller-target trades? Do you use much tighter stops or do you just set your stops outside the narrow 80 point range and let the market stop you out only if the range is broken? Thanks.

Yes, I believe that is the case. In fact, one of the ET posters, GoodPunk, maintained a daily journal here of his LU trading. He went broke doing that. It is highly likely that a couple of tyres on mksummny's Ferrari came from Goodpunk's trading stake.:D :D

TB, Might also wanna look into the provisions of some rules made under the Patriot Act that make it binding for the broker to send or receive wired funds only from a bank account that has the same title as the brokerage account. If that is the case, ETrade could have wired the money out to...

Yes, I think so too. I think that the indices are getting ready to start trending bigtime - to the upside.

LOL. This is funny but very true. Probably the reason why coppering suckers bets has always been the most profitable system for making money on Wall Street.:D

:D :D :D :D

LOL. AMEX truly is a market that needs to be executed.:D

Even if the results are not inflated, it still goes to show the truth of the old Wall Street adage: "You can make much more money by giving advice than by trading it.":p :D

We are doing that, buddy. Who do you think is on the other side of your trades? :p :D :p This game is a blood sport- it takes YEARS to learn. Try taking it slow and easy. Good luck anyway.

I thought of the same thing. The similarities are too striking . There too, superficially, a 'reasonable' demand was being made to prove profitability with past tax returns. But, in reality, underneath all the pseudo-logical babble was a desperate plea to be shown a way to guaranteed...

Chad, Is it possible to trade only futures from one of your Echotrade offices (not as a remote trader)? Would there be any desk fees/ other charges payable in such a case? Thanks.

Stock777, There are two ways to avoid the wash sales: 1) As you mentioned, trade your regular stocks upto Nov 30 and then do not trade them in Dec. 2) Continue to trade those stocks until Dec 31 and then do not trade them until Jan 31. I have used both methods over the years- both...

Def, I think IB management should take very serious note of the following two issues: 1) The already barely passable sytem reliability has been SERIOUSLY compromised over the last month or so. I believe this is atleast partly due to IB's recent obsession with adding features to their TWS...

DaveN, Thanks for taking the time to post in detail about eLocal. Sounds like a pretty responsive outfit. Happy Trading! :)

Has anyone here actually tried elocal? I am thinking about opening a backup account with them and would really appreciate some comments about their service/attitude/integrity, etc. - especially from people who have had firsthand experience in dealing with them. Thanks.

Mathematically speaking, (27+24+25+28+x) /5 > 25.8 (27+24+25+28+x) > (25.8)(5) 104+x > 129 x > (129 - 104) x > 25

tom_p, I think you are doing the right thing by being extremely careful and not going short at these levels. The short interest is at a dangerously high level and I believe that over the next several weeks we could witness a very sharp rally that could add 300+ pts to the NAZ Comp and...

Please consider the following scenario: Company XYZ is currently trading at about $30 /share. I expect the stock to appreciate substantially - to perhaps about $50/share – over the next couple of months. I am considering buying options on the stock as it would give me much more leverage...

29, Ph.D. in Development Economics (Yale). Work for an international development agency. Learning to trade in my spare time.