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Hey Buddy, You're barking up the wrong tree! Review my previous posts regarding options, and you'll see I am no apologist for trading options for a number of reasons. Having said that, I do think options can serve the purpose of 'insuring' a stock position. The purpose of this thread is to...

I don't have any particular target. However, I would like to see it reach $25 since someone promised me a dinner in Vegas if it did. :D Sorry, but I pay no attention to news, just the charts. I think the news is reflected in the price, sometimes BEFORE the announcement, and sometimes AFTER...

I think the system is working pretty well for now. We've ridden the stock up from 17.80s to over 24, and have profits locked in at 22.50, so I'm happy. My only worry is that ELX will keep moving up, forcing me to lock-in profits, and I'll run out of cash! So, in a way, I'm hoping for a sharp...

Re-hedge position: I just made the following trade: Sell: 8 May 20 Put @ .25: +$190.00 Buy: 8 May 22.50 Put @ .85: -$690.00 New Cash Balance: $555.00 Here is a summary of my current position: Long 800 ELX Long 8 May 22.50 Put $550.00 cash Cheer, kp

Canyon, Thank you for the thoughtful response. There is nothing in your post I would disagree with. My primary 'disagreement' is with WizeTrade and the way it is presented to the public. WT itself is a 'secondary' market product. By that, I mean the customer pays about $4K for a product...

Hey Peter, Send the software back, get your refund and give the money to charity. At least you will do someone some good. The strongest evidence against the validity of WideTrade's claims is the fact that someone is posting extensively about how he "trains" people to use the software. The...

Don't worry. I saw that cartoon a couple years ago. :D kp

:D :D

Hey Yannis, That's got to be one of the funniest things I've read! I received it about a year ago and have lost it. As I remember, there were some really funny ones in there about voodoo. If you have 'em, please post 'em! Thanks, kp

Today I'm making the following trade: B: MAY 20 Put @ .95: -$770.00, $10 comm. My net position now is: Long: ELX 800 Shares Long: ELX 8 APR 17.5 Puts (Will doubtless expire worthless) Long: ELX 8 MAY 20 Puts Cash Balance: $1,055.00 I will sell my May 20 puts and buy the 22.50s...

Wow! Cayman only had one murder in the year and a half we were there! Cheer, kp

Are you using Win ME or XP? Win 2K won't do it without special drivers. If so, it's just a simple click under display properties. I'd be more specific, but my laptop isn't available right now. kp

Most late-model laptops can run a second monitor under Win ME or XP. 1. Just plug the second monitor into the VGA output on the back, 2. Use the alternate function keys on the top row of your keyboard to run the second monitor simultaneously with the laptop monitor, 3. Right-click on the...

I'm going to start posting TI trades on this thread in the hope of stirring up some discussion about what works in the system. I've been playing with various things, and doing pretty well on the PFG simulator. Now, in the past week I've started trading with real $$ as well as the simulator. Some...

I think you hit the nail on the head! Judging by people's comments regarding the latency and lost packets on satellite feeds, I'm certain thats your problem. I think the sat connection may work fine for web pages and so forth, but not a trading platform! I traded with Global using DSL. The...

I think IB has something like that, but since I don't use them I can't really comment on it. It's called "Brackett Trader" and I imagine you pre-set how far away you want your stop to be from entry price, and it will automatically put the order in. But, someone who actually uses the system...

I used to have DSL, but moved to a rural area, and so use a 56K modem. I'm running TradeStation 6 and J-Trader. On my first J-Trader trade the system choked just as soon as I entered market. I had to close TS6 before J-Trader would work again. Now I'm running two computer and modems, one with...

Thank you. After seeing the above comments on how TS 6 handles ES orders, I decided to stay with J-Trader. My biggest complaint about J-Trader is how akward it is to set a stop, but I love the speed of execution, 1-click orders and the market depth. I understand TS7 has streamlined the...

Go to Global Futures' website (www.daytrade4less.com) or E-Local (www.elocaltrading.com). They both can give you a trial of J-Trainer. Prosper! kp

I'm with Global, and trade 1 lot at a time. I maintain the minimum opening balance: $2,000, and pay $8.00 / RT. kp