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GREAT Charts ! WOW - you are looking for a place to short and I am looking for a place to cover my synthetic short. I guess thats what makes markets. Based on your chart today, and since there might be some fireworks w triple witching tomorrow, I think I will try to cover at the 38.75 -...

AJ5 can you tell me what firm? I live in NE and may move to Austin sometime.

Probably just an end to first impulsive wave - you gotta be bullish here considering how well the market has been "climbing a wall of worry" I am also short QQQQ via a hedge and will likely cover mid-morning tomorrow if we see support at 38.75 Are your QQQQ candlesticks 1 hour measures?

You are right - it was a mm problem -- also, last two months the short lost while I was also losing on my long selections

I saw a post from Momento today about his meltdown. http://www.elitetrader.com/vb/showthread.php?s=&threadid=55499 This post made me wonder if I am also on track to a meltdown. I have had bad experiences with shorting in the past and I am very risk adverse – so instead of shorting I...

I don't get it. What is the purpose of this thread? If you are looking for doom and gloom posts, you probably will not get them until this mkt rolls over more than just todays down move. Are you waiting for other ET posts saying the bear is here?

We went to breakfast at a restaurant where the "seniors' special" was two eggs, bacon, hash browns and toast for $1.99. "Sounds good," my wife said. "But I don't want the eggs." "Then I'll have to charge you two dollars and forty-nine cents because you're ordering a la carte," the...

You will find one here! http://www.elitetrader.com/vb/forumdisplay.php?s=&forumid=15

You might try this -- I have no idea if it is good or bad. I do know their commis rates are very high - more so for a beginner. http://www.alldaytraders.com/simulator.html Assume you understand all the 'use at your own risk' caveats

DrAtomic - Bitstream is right - many of the trading B/D's offer commish less than .01/share. This is not important to me since I always trade at least 1000 shares, usually at mkt, and I get unbelievably good fills, many times better than the spread bid/ask on active stocks. I have gotten...

100 free trades on Etrade - learn there and then switch to IB or whoever

Give him a break - If he wants to lose $10,000 trading, let him at it, who knows, his losses might be our gains. Atomic asked "What online broker is best?" I would recommend E-Trade (I do not know anything about the others) because I use them and am very satisfied. It is a great B/D to...

Not a daily but gives you a pic of speed of desent http://www.businessweek.com/magazine/content/01_51/b3762004.htm

Why reinvent the wheel Have you looked at Spydertraders Journal here on ET on Jack Hersheys method of trading It may do a lot of what you are looking for.

I said the fed is done. Their next rate move will be down -- but not until sometime next year.

Look at a ten year chart of the ten year bond. It is in a raging bull market. (Prices up - yields down) Next year the ten year could range between 2 3/4 and 3 3/4 % if we only go into a mild recession. Who knows where we will be if we get ourselves into a steep recession. What brings on...

Millydog If you use a wirehouse your payout will be from 25-45% of the total fees generated. Fees generally go from 1% for small accounts ( less than $200,000) down to .30 % (for accounts over 2.5 million) - these #'s vary by firm. The B/D pays expenses. The financial planning B/D's...

I got my series 1 in 1965 (They call it a series 7 now) - was a broker b4 mayday changed commissions from fixed to variable. Got "promoted" to manager of Options trading in 1973 (our firm was the first firm to buy a CBOE seat). Starting in 1975 I also headed OTC market making for a strong...

Thank you both for taking the time to explain explain todays action. Sometimes when you make a bad trade you want to blame someone else. This was a stupid post. Lets end it.