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Whose five year mission is to explore strange new worlds... and to boldly trade what no man has traded before.

Thanks for info. My regular trading account is no problem as I have the cash I need. But my IRA has been a little tight for all the trades I want to take, and SSFs of course will give me some leverage for times when those particular stocks that have an SSF pop up on my trading alerts.

I swing trade stocks, and I'm transferring IRA funds to IB as they are now permitting SSFs in an IRA. However, I haven't traded SSFs in the past and am looking for a little help. Specifically: 1. Where do I obtain the symbols? 2. What's the deal with expiration? How can I...

You are apparently confused about what an MA is. Because it reflects the average price (close, open, whatever) of an instrument over time, it is a lagging indicator. It trails current price. It only indicates what has happened. Past tense. Under what circumstance would you want to trade...

Yes, buy the stock and it will follow the moving average of itself. If it does not, then the laws of nature have been suspended. Duh.

I would recommend starting with Alexander Elder's "Trading for a Living". Think in terms of setups on multiple time frames, at least daily and intraday. Use basic indicators on daily bars for setups, then look to intraday price action for specific buying signals once your daily parameters...

What has been your trading experience so far? How long, and under what conditions?

Congratulations. You have just posted what is beyond any doubt the rudest, and most ill informed message of the year.

I am trying to assist you in saying that from your response it is clear without ANY doubt that you are precisely the kind of person who should not be shorting options. 1. You have a trading account with limited margin. 2. You are trying to push the margin with short options. 3. You...

Okay, what is your logic in determining that a short call is a better play that shorting the stock or an SSF? What are your goals with short options? What do you expect to gain?

Self taught. School of hard knocks. A few years back, like our friends on this thread, I thought I had discovered the holy grail with selling options. "Why," I asked a well known options broker, "Can't I do this on a regular basis and earn a solid income? After all, I have three months of...

Well put. Every so often the market mavens (Aka Wade Cook, Jake Bernstein and their ilk) polish this poison apple and roll it out as a good income strategy. Problem is options newbies like DblArrow come along and buy a basket. If they're lucky, their first few will be sweet and life will...

If you continue to sell naked, you will have a short trading career. The few premies you gain from the strategy will look like a joke when the underlying moves against you. If you came out ahead this time with naked calls, consider yourself lucky in a falling market, and leave the strategy...

Don't be tempted. As a special play now and then, okay. But on any kind of a regular program you will get chewed up with spreads and decay. Been there, done that. If you have a successful swing system, stick with stocks or SSFs.

No it won't. Not in the reality of day-to-day market fluctuations, with a new trader who has not taken the time to fully comprehend the reason for specific rules, discipline and money managment. That ONLY comes through taking hits and getting wacked. I recall reading that Rascke tried to...

Good question. Starting from scratch...3 years minimum, assuming no regular access to a successful mentor. That might cut a year off. Year One - Basic education in TA, FA, market action and software/hardware issues, paper trading, full time. Year Two - Trading small lots through every...

At last count about 10 traders just spent their time giving you a number of reasons that you need to use stops in order to profit. Because they know that an effective risk management system is based on stops, and is absolutely necessary for any trading style. But you aren't listening...

I appreciate the responses, but the point of my original question goes to the issue of advantages of a direct access broker. Are there REAL advantages that traders have experienced? And if so, what? And does direct access apply to all exchanges, or only benefit stocks routed to certain...

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