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If you route through superdot, you can do an OPG order. Yes.

Credit default swaps!!!!

After Monday's huge rally, I am taking some time away from the markets. I took profits and went to all cash. The volatility of the last 10 days was above my risk tolerance. I just want to know if people think the market from here on will be difficult to trade. I'm planning to wait until the...

Yes, the regulatory structure left the US system vulnerable. But no one seems to talk about OPEC driving oil prices up over the past 8 years. The peak at 145 made the world economy scream to a halt. The oil weapon was used and was able to work due to the inherent weaknesses within the system...

Some tax accountants don't understand the wash sale rule correctly. They think that you just wipe out losses from a wash sale. However, the correct way is this: You buy a stock, then sell it, then buy it back again, then sell it again. The loss is added to the basis of the next purchase...

The cause of the recent meltdowns is from hedge funds. I think that the concentration of huge amounts of wealth into the hands of a few, has destabilized the financial system. These funds eat eachother for lunch. They were all piled into the same inflated trades. The first one out, got to short...

I don't think it's over yet. Remember, they can postpone the collapse by further inflation. We are well on are way to a new burst of inflation. Look at the commercial paper market, it's already down near fed funds rate. The only thing left is for the central banks to bypass the commercial banks...

Great article. I fully agree with the Austrian economics school of thought.

One positive sign, the sell off has got us through the crisis that much faster. It seems soon the worst armageddon scenario will have been priced in. This should help offset the government meddling. The free markets are doing their job, and much more quickly than normal. The day and age of...

Markets don't go in a straight line. There is going to be a bounce. Today looks like pure barf action to me. I'm not stepping in front yet. But tomorrow, a morning barf would be a great buying op.

This market is setting up for a huge washout. Stay flat until you see people giving away stocks hand over fist. It's coming shortly. Either tomorrow or monday. I've dabbled in some day trades over the past weeek, thinking that the market was bottoming, but when sellers come in right at...

Buying long term OTM options with vix at 55 is ridiculous. Even if you get 150 points on ES, you will see 1% of that move as the collapse in implied volatility squashes your returns.

It's the credit default swaps; pricing in a failure.

Man, you are too depressed. You need to step away from the news for a bit. Trading does take a bit of negativity absorption during the course of a day, but you have to be able to release it. Realize that when everyone is screaming armageddon, it means there will be no armageddon. If a crash...

The fact that so many retail traders think the bottom is in, is telling me that we are due for a huge washout this week. Keep your powder dry, there's still more pain to come.

Tape reading via T&S does not work in the current environment. There are many off exchange blocks happening these days. Everything has become fragmented. Tape reading now involves watching key equities in different sectors, and seeing where the buyers and sellers are hiding. Also, studying...

Hedge fund redemptions. Until they are done liquidating at a fervish pace, we will not see much natural buying in this market. Buyers are mostly staying on the sidelines, or just holding intraday. It's getting at very extreme levels now, but we need a catalyst to end the cascade. Or a huge...

At least if they don't let it collapse now, and instead delay it, we have a chance to cash in on the next huge bubble. I prefer another bubble, than my livelihood as a trader being wiped out by massive deflation.

That was exactly what I was looking for. I bought most of my shopping list in equities today.

If you look at many sentiment indicators, we are close. But it looks like we need one more huge wash out day. Monday? Otherwise we will keep seeing more sideways action.