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yup... covered up my eyes so that I couldn't see my screen. It's times like this that remind me how important it is to manage risk. I was tempted to go in for 1000 shares or more, but I kept it at 200. It hurt, but could have been much worse. Back to the drawing board. I have to figure out...

..add to this, the "Creepy" accounting changes from last quarter... they're cooking the books a bit here: Micron Rising Despite Creepy Accounting Changes; Bull and Bear Debate Significance...

I'm considering an earnings play on Micron Technologies (nasdaq:MU) today. So, let's start with the balance sheet from last quarter--their fiscal year end and annual report--below. (Ref: 10-Q filing pg 29) http://investors.micron.com/secfiling.cfm?filingID=723125-16-269 Some things jump out...

Oh crap, that's mountain time!!! My bad. Duh. :confused: Mod plz consider deleting this thread.

MU reports earnings today. Morningstar says that they report after market close, while the MU Investor relations Web lists a 2:30pm call. What's going on here? Is Morningstar wrong? It's a little unusual for a company to report while the market is open...

Here's the current results. Note that I sold the strangle ITM by mistake.

Yeah I was just looking at it myself:

This shouldn't be a problem. Most monitors today have both DVI and HDMI connections... and often an old VGA connector for legacy support. Worst case, you can buy an adapter for a few bucks. Stock charts on a home rig over a cable uplink are not exactly the most GPU-intensive application; you're...

If you've just got a standard cable connection, that's your bottleneck. You're ultimately sharing bandwidth with your neighbors--one of whom will surely be downloading porn while you're trying to trade. In this case, you probably don't need a liquid nitrogen-cooled CPU clocked in picoseconds...

How are you connecting to your broker? Cable, T-1, FIOS, private line...?

I respectfully disagree. If anyone is going to claim the title of idiot around here, it's going to be me. Let's not forget that I crossed the orders, and traded the ITM strangle. I was wondering why the fee was so high on that!

Lol, thanks for your patience. I'm working late tonight studying all this. You can always trade out of hours! :P

Since I'm still on a learning curve here, I decided to enter the order in my paper trading account. Does the following look correct? Did I correctly input this according to the following instruction? Is the price right? IB told me that the price would vary depending on the exchange that filled...

Does this look right?

For me, most important is to get an LED monitor. I have found those old fluorescent backlit monitors to be extremely tiring. You're basically staring into a big fluorescent light bulb all day long. Ugh. Here's a couple of decent choices. Either should be sufficient for your needs, and they're a...

Thanks Vanzi! Yes, the Financials do hire a lot of Accenture consultants. For lack of a better word, Accenture consultants are EXPENSIVE. Right up there with IBM. A while back I was working as a consultant for a Financial firm through a mom n' pop shop consulting house. I have a Masters degree...

Nah man. At the end of the day, I take full responsibility for my trades. Thanks for your response. I appreciate it.

You are off to a good start! Keep working on it. One thing to consider would be to accept a separate data feed. IB do not provide tick data; their data is a delayed, bursty, VWAP. Tick data must be bought 3rd party, from a provider like IQ Feed. http://www.iqfeed.net/ Perhaps try and integrate...

I'd add that you should get good monitors. Don't skimp and buy cheap ones. In this field (like many nowadays) we stare at monitors all day. If they aren't crisp and clear, the result is eye strain and headaches.

Thanks, Vanzi! I took a course at NYU that focused on options, so I'm not a total stranger to them. any links?