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Ha ha, good one! I do remember him saying that publicly. If SPX goes to 1,400 or 1,000 or back to 666, just remember that EVERY downturn in the market, regardless of reason, has recovered over the course of time. So pick your propaganda, it doesn't matter. QE infinity, China, bond yields, the...

That's true, but it works both ways...:D Another benefit to heavily owned company like Apple is if the general market starts to go north then managers are forced to buy profitable and heavily owned stocks to satisfy demand for the fund's entering investors.

Yes, it was a cheaper alternative to repatriation, given the U.S. inflated tax rate.

LOL, agreed. The media often engages in spin, this is no different. From the Facebook early prospectus which was publicly available on SEC.gov, Bono's firm, Elevation Partners, not Bono himself, owned pre-IPO shares of Facebook stock at a cost basis of $1.11. Certainly, a profitable...

Regarding its fundamentals, the one thing I don't like about AAPL is they did a bond offering for over $17 billion dollars to raise cash for buybacks and dividend payments, instead of using their cash hoard overseas, which they would have to bring back to the U.S. at a 35% tax rate. Steve Jobs...

The Apple iPhone 6 was being bought in Hong Kong and sold in mainland China for an arbitrage profit. They Apple diehards line up in droves for every new gadget, regardless of price. They are charging close to $700 for the iPhone 6s, and consumers are gobbling them up. The carriers here in the...

Sure, just because it's happened before, doesn't guarantee it MUST happen, it's just a probability (even though it's high odds, given the historical significance is 100% thus far). I know of a trader who swears by Elliott Wave and claims that a "5 wave pattern" has completed on the monthly...

I'm not sure about the Xmas season, however according to some reports, AAPL only derives less than 30% of revenues from China, so as long as there is no disruption in inventory, my guess is AAPL will have another robust selling season. By the way, there was talk today of another AAPL gadget...

Nice trade, with good risk/reward. I haven't traded USO since they send out annoying K-1 statements, but options are inexpensive, and worth taking a look (plus no annoying K-1). According to oil tycoon T. Boone Pickens, the historic price action for oil is to expect a 100% spike after a 50%...

When volatility is exaggerated during the regular session (like we're having now), the moves in the overnight (Globex) session can be quite volatile, so you just need to devise a plan on how many days you are willing to watch the start of the move off the settlement (closing) price of the prior...

No, if you sold short 100 shares and bought back 100 shares, then your 100 shares you bought simply negates the short position, so you'd be flat. Of course, if you buy stock, then by default you are long the shares, and are able to sell it off again. I think perhaps you are asking if you...

Yes, if you "sell short" then you borrow the stock and thus owe the stock back to the broker, so you must replenish the shares via buying them back to close the trade. There are two outcomes that will happen: 1. The shares will drop, and you will make a profit when you buy them back (just the...

There are lots of good firms on that list, however many have consolidated or gone out of business, so check each one accordingly. If you're willing to put up a capital contribution (bare minimum is $5k) and get your Series 56 license, then stick with the U.S. firms that are registered...

Check out TopStepTrader and their futures combine programs. Start with a free trial, then you can choose a simulator "combine" account for $35/month. When you're ready, then take one of their paid simulator combines. If you get a live account, then there is no maintenance margin requirement...

Current Series 56 firms (in no particular order): T3 Quasar Trading Bright Trading (R.I.P. Don Bright) Hold Brothers Avatar Securities Chimera Securities Go to SEC.gov and you can review each firm's financials for the prior year by using the search feature. The focus reports are in .pdf for...

When you say "I had a sell order to get out that was deep in the money" I'm guessing you had a pre-existing order as a LIMIT order to sell as a GTC (good 'til cancel) order BEFORE the market was open? When the market opened limit down on the futures, many stocks were halted and not open for...

Good show. If you improved in your retail account, then you benefited by participating in the combines. As Maverick74 said many many threads ago, TST is a "training tool" for most traders.

Ok my bad. So then you obviously know the model is structured to only favor those who have "built up" the equity, not piker accounts.

Ok thanks. So around $10k to $150 million in ten years, sounds improbable.

It's not hard to believe, but what is missing about the numbers is what he started with 10 years ago. Let's say you have a large account and shorted 1,500 ES futures over a week or two when the ES was over 2,100. He traded Nikkei futures, 1,500 contracts, I'm not sure about the exact notional...