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I wonder if the divergence between the indexes mean anything... the NASDAQ being the strongest and the Dow - the weakest for the day.

That's cool, lindq, thanks for sharing :)

Funny thing is I had a very hard time today and yesterday to follow my own advice and not overtrade. I felt I had a slightly bigger position than I normally should have, and after many hours of thinking about my own post, I finally forced myself to trim it by 25% to my comfort level :)

I do not in any way advocate, that you should just sit around, meditate and hope that you have a good strategy. Far from that. Of course a good strategy requires a lot of thought and dedication and noone can do the homework for you. But you have to prepare for the moment when your strategy...

Zen and the Art of Trading I haven't been around ET for a couple of years but I've been trading and reading from time to time. I often read about the importance of psychology against the importance of having a profitable trading strategy. Some say the psychology is more important, others hold...

I wasn't aware of that - that's really great!

Should I skip "Options Made Easy" by Guy Cohen ?

Not trying to advocate for OldTrader here, but indeed all he recommended was to contact IB to be on the safe side. That is why his nick is OldTrader :) and I appreciate his advice.

OK, thanks all, that sounds great.

So, what you are saying is that technical analysis on the underlying is essential component of an option strategy?

As I read it, FutureTrade features will be available to IB institutional clients such as hedge funds, not to retail. But if they release it for retail - oh my - we will all become mini hedge funds :)

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Well, on a most basic level IV increases as the price of the underlying drops sharply, and decreases on upswings. So, you can use TA to forecast IV. What I wonder is whether there are profitable option traders who just watch the options but not the underlying. Perhaps they do some statistical...

How far back do you see daily data with Ensign and IB? Can you see daily stock prices from 1987 for example? How about futures continuous contracts?

Thanks HSC, but I specifically wrote the behaviour of the underlying, not the direction. What book on options would you recommend before Natenberg? I was just about to order it, but wondered if I need something more basic before that :)

I am new to options and only familiar with the basic strategies, so I am probably getting ahead of myself with this question. But how important is TA to option trading? My understanding is that to profitably trade options, you need to be able to predict their behavior which in turn is derived...

How easy it is to wire money out of Interactive Brokers to other brokers? Because for some time I will use IB as my secondary broker, I plan to wire money out of IB from time to time to my primary broker to cover for intital margins and losses there. I expect to do this no more than once a...

Hi, I wonder if there is an alternative order management system for swing trading (not scalping) futures to IB TWS, i.e. if I want to use IB as a broker, but don't like their java based platform, what else can I use? I know of course that ButtonTrader and NinjaTrader are alternatives, but I...

I would do a very loose screen (based on liquidity for example) that will give me say 200 leading stocks. Then I want to see the chart of each one of them, and look for pullback or breakout setups. When I single out say 20-30 stocks that show these setups, I will watch them in real time to see...

I don't think I can just paste 100 symbols somewhere in ESignal and get 100 charts, can I ?