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Last year's general-market was flat while bonuses were huge. This year, there's been some upside so it becomes a little easier from a public relations perspective to boast about it in the press.

(1) It's based on the interaction of new and existing orders. (2) The $60 opening price should be the price that "maximizes and balances" volume AND properly accomodates all of the market, stop and limit orders at that level. (3) In a perfect market, the $60 opening would have the same quantity...

It's only "manipulation" if you're losing money. Remember, aggressive buying makes the market rally, not posting large offers above the market. Nobody is conspiring against you.

Similar to what was said previously, use the more current contract months and create your own "continuation" data.

Do you really want to live in one of those states? Nevada or Florida might be decent but certainly not Wyoming. To each is own.

The market should rally "strongly" on Wednesday because the uncertainty surrounding the elections will be resolved. Stay tuned.

(1) A stop-order is "activated" after a trade takes place at or through the stop-price. At that point, it becomes a market order. (2) In a "fast market" condition, there's no telling where, when and if ever it'll be filled. It's merely an unfilled market order in the queue with all of the other...

The important thing is that you're profitable. According to your "numbers", you have many small profits and a few big losses. You're a perfectionist. You eat like a bird and defecate like an elephant. If you eliminated some of your huge losses, your profitability would be so much better. Then...

All of the goofy revisions should stop after next week's elections. They should resume again in ~August 2008. Stay tuned.

Using log-scale will tend to smooth out spikes in the data. It can also give a better indication of when momentum slows down and a reversal is likely. Use both measures if it makes you feel more comfortable.

For what it's worth, I'll say that about 99.8% of the time, that'll be true. In a volatile price scenario, the bid-ask on the options should widen out faster than that of the futures. You'll have to be careful when offsetting the options against that type of backdrop. The futures would be easier.

Ooooh. Gossip time. Here's a Baldwin Update--------I believe his North Shore house sold in the Spring for a decent buck. The big log cabin might be the target of an IRS audit. Everyone knows he lost a lot of money investing in some dot-comm stocks and attempting to trade in front of the screen...

When will you trade the thing with real money?

(1) Correct me if I'm wrong but your "palladium" chart is actually showing platinum. (2) Don't buy illiquid markets "hand over fist" unless you're willing to put the market up on yourself. (3) Try to focus on higher-volume markets unless you're trading smaller size. (4) For longer-term trades...

Lunch? Lunch is for wimps.

LEON-----Atleast you chose the pretty one in the bunch!

Make it a habit to trade more aggressively during the first and last few hours of the session. That's where the bulk of the day's volume is. If you're patient, try to look for reversal trades at mid-session if the market is making new highs or lows on the day. You can then get a good steak...

Contact brokerage/clearing firms until you get your question answered for your benefit, not that of the consulting attorney or accountant. Their knowledge won't do you any good unless you can find a firm that understands the nuances of the different types of discretionary accounts. Go that route...

Oh my! Feedback! I thought the name of the site here was elitetrader.com, not elitejournalist.com. Never mind.

Generally, the market has performed better with one party in the White House and the other party controlling Congress. We'll see how it all pans out.