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Long Limit sitting at 1267.75

Long the 1271.75 level. Out at 78.75 ... +7.00

Cutting rates on a Sunday night is quite unprecedented for the Fed. They could've easily waited till Monday for this measly .25%, but obviously they're trying to send a strong message to the foreign markets not to sell off overnight so it wouldn't affect our markets tomorrow. The question is...

In January of last year, I had a 52% wipe-out on my entire trading account. It took me a few months to get it back, and then I managed to catapult from that low point and finish the year of '07 up by 435% . I guess it comes down to how strong do you believe in yourself and most importantly, your...

Why are you being so hard on the poster? It's 15 countries against 50 states (equivalent of countries).

Really? Are you sure they didn't say "TradeWize" rather than price wize. LoL. Seriously though, the money that you're paid by selling covered calls or "renting your stock" will cover you only by the premium you collect, which means that if the stock falls below that level (example: stock is at...

Awesome Volente. Those institutions are supporting the market nicely today. I just want to know much do you bribe them to come to work on those T days? :D

It's a still a bear until we turn solidly over 1345 (with volume + institutional participation + more bearish tone). It would be a slap in the face of Benny if the market doesn't turn around. Benny wrote a big check to the market. It is time for the market to reward him back. This will set his...

Picking up quick 15 point thrusts in these high velocity moves is quite a great rush. Picking them up while listening to an emotionaly thrusting music is even better. http://www.youtube.com/watch?v=Xk7R7h4kc7A

You are correct. This does not look good. The bulls must move it over 1345 and build strong support, very quickly, or else. 1313 is important today.

Lol, margins will soon be at $10,000 if this action keeps up like that.

As much as I love volatility I have NEVER seen anything like it. This market traveled nearly 5 dollars in less than 12 hours!!

Here you go. Enjoy. http://www.dailyfx.com/charts/Chart.html?symbol=EUR/USD

Cameco Corp (CCJ) is one of those companies and represents about 40% of the business worldwide.

True. With commissions and the dreaded slippage :mad:, the results come out differently. Keep in mind that someone with 6K would be better off legging in $10 options on AAPL 6 times rather than putting the entire wad on 1 number with NDX. The trader can also be creative by buying 4 calls and 2...

The safety features that you're mentioning are all critical and are excellent reminders why one is best suited to use options, more so in a swing trading program, so thanks for those highlights. However, we're talking about daytraders (the original poster) who typically is not going to catch the...

But if you can go to a prop firm and get 10 to 20:1 leverage, extremely few options will give that kind of bang. That's why it's a lot smarter to use options for swing trading than day trading. Because at the end, it about the moves and volatility (in any form you wish to view it).

spindr0, You're on the right track. You're also finding out that other critical variables need to be correctly solved also to get this thing to work consistently. Now you understand from my previous post why it's not as easy as it looks. Unfortunately, many of the answers that you're seeking...

You've got to be kidding!! I trade precisely what you think is impossible(dynamically delta hedging my positions), and on a retail level. Extremely hard to make money with buying options?? Now that's quite funny.

I tried Optionstar and didn't like it. I found this Excel module a few years ago at http://www.kaininito.com/theoptionclub/ and I like it a lot better not to mention it's only $37.90 . BTW, I have no affiliation with the developer.