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That's really disturbing: Every con artist and every imbecil is allowed to run a company in the US (see Miss Cleo etc.), but we have laws that make it illegal to trade foreign options and CFDs. I wonder why no-one has taken this to the supreme court yet. The people who wrote the...

I was trying to get on the long side of EBAY for about a week. Finally gave up on Wednesday after getting stopped out all the time. At least I had GE...

I guess I'll be writing EBAY 12.5 Puts soon.

I think it is more than possible to get a PhD with an average IQ. Don't be frustrated just yet, they say it takes around 3 years to "get it". Tight stops are a very good idea while you are not yet profitable, but when I was at your stage of development as a trader (I suppose) I used to go...

GG, have you ever tried to become a scalper? I don't think the ES or NQ would be the optimal instrument for that, and now that the NYSE is trying to become illiquid, I can't even recommend you take a look at that, and it wouldn't work for you anyway (due to the stupid PDT rules). But it...

Unless you (to quote nitro) "gotta do size"

I have occasionally had similar thoughts. I never did it, somehow when I think it through, it never really looks too smart to buy those options.

Is there anyone out there who can make consistent money buying strangles, especially QQQ?

Last year I got an offer from AT&T, which was a 0% credit card for almost 2 years. Didn't take it, since I don't like AT&T, but if I wanted to ruin my credit rating, I would definitely do it through them.

Have you ever watched EBAY?

You can also look at it this way: When you get a strong signal like the breakout today mentioned above, then lots of traders go long. Then comes the critical moment: After the initial pop, do the sellers retreat or do they stay? If they stay (like today), all the traders who are long think...

TMBR would basically always be at the same price as the specialist whenever the spread was positive (i.e. market not locked or crossed). But apparently too many traders were taking advantage of that, and now it's gone. For about a week TMBR has been a lot more careful. I'm not quite sure if...

I think I know what you're talking about. Somehow I don't get the fills I used to get, but somehow I'm still making the same kind of money. At least it's not getting boring.

I think it's not just that they don't update the book, they just don't execute the orders inbetween, that's why they remain on your screen so long, because they are still there! It's that BS liquidity killer rule that will make the NYSE like a bad and slow Nasdaq.

I would think it should work similar to that. But maybe we should ask them.

I think a scalper should not be concerned about the abstract notion of risk. If you made money last week, chances are you will make money this week. If you don't, there is a serious problem and you have to re-evaluate. It's not as if a week were not a representative sample for a scalper.

fungible?

A trader would probably have to be for a war (if that trader were a computer), because a war is likely to bring trading opportunities. Humans who are successful traders usually are the ones who do not follow blindly like 99% of the population ("Let's hunt down all them damn Arabs 'cause them...

I agree with the former, and can only hope for the latter.

I'm afraid that's very true, but there might be hope: Look at the eminis. They are one of the most efficient markets, and they are so efficient that the tremendous amount of liquidity attracted by their efficiency seems to create new opportunities for scalpers. Unfortunately, I seem to be...