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Thanks, TraDaTor. That's just what I wanted! I would have like some mention of the TF on that page, but I'll take what I can get.

First off, I am no tax attorney or accountant, and would refer you to the rich literature on this subject available in any major bookstore right now. Specifically, Hoyt Barber has written several thorough, clear books on this topic and is a good authority to get one started in this adventure...

Upgrades and downgrades of stocks always make for great catalysts of price action. What's the best source for timely reporting of upgrades and downgrades? Where do we look to acquire such news as soon as it becomes available to the public? Thanks for your input.

Hi traders, What recourse, if any, do we have when we need to liquidate an open option position, but the market maker doesn't show up to work? All last week, the TF option market was perfectly liquid and orderly. Today, nobody is making that market. Is there any way to track down the...

For all intents and purposes, there is no difference between buying stock and hedging it with a long Put, and simply buying a Call. The risk and reward profiles of each position are equivalent. Might as well buy a call and save your money on the stock. Of course, if you've spotted a...

Correction: should have read, TF:YM = 3:5

Hi folks, What ratios do you think make sense for hedges of the equity index futures? ES:YM = 1:1? TF:YM = 5:3? NQ:ES, 5:4? Any tips on how to go about finding the current best spread ratio would be highly appreciated. Thanks, Steven

Hi again Jack, Thanks for the lengthy reply. Again, I fear I don't have the appropriate context to appreciate much of what you are communicating. If you could direct me to a more entry-level explication of your techniques, that would be very helpful. I wonder, based on your statements...

Hi Jack, Thanks for the intriguing perspective. I'm not very familiar with your approach to trading, so much of this goes over my head. To follow up on your statement about volume: ...am I to understand you take a market profiling view on volume? In other words, are you saying that it...

I would think Jewish strategies (although I'm not exactly clear on what constitutes one) are best suited to the Capital markets, as we Jews are pretty good at making money. (Ever heard of Goldman Sachs?)

Your post is very deep and the product of significant reflection and experience with the markets. However, I have yet to find any measure of S and R that demonstrates the above quoted claim with any tradable consistency. Maybe I don't have the right tools, but identifying support and...

It sounds like you're describing the mean-reversion type of spread. That's certainly well-thought of as a strategy, but for exactly the reason you point out--correlation change--it freaks me out to attempt to trade in this way. Seems a bit more comfortable to participate in divergence from...

Thanks Don't Pass. Good points. S

Hi folks, Why do we Spread Trade? Is it really less risky than trading outright positions? Due to the lower volatility of hedged positions, and thanks to the reduced margin requirements, we end up trading correspondingly larger positions, which leaves us back where we started, risk-wise...

In my limited experience of it, spread trading is not much easier or safer than outright positions trading, for the reasons you point out. There is only as much profit potential as there is loss potential, and predicting the future of the market is never easy, whether trading spreads or...

Sure, I'd give your Shake technology a try, but you don't work with my broker, Interactive Brokers. Out of the 10 I've had, I like them the best and would prefer not to change to anyone else. Are you going to develop a relationship with them any time soon?

That's interesting. I have not tried trading in Israel and am not familiar with their fees. The U.K. charges a trading tax (much like what the U.S. congress is clamoring about), and it really does making trading prohibitively costly. I would never trade in the U.K. except in USD denominated...

Thanks so much for the input, Goonior.

Hi again, To clarify my post of 12-06-09 12:06 AM, I meant to specify that you can day-trade equities in other countries with an account of less than $25,000. I don't think I specified that you could actually day-trade stocks in other jurisdictions. Happy day-trading, Steven

I would agree with MX2102, that one with an account size of lower than 25Gs (just to take a break from the ubiquitous "k" for once) should explore futures trading, and be done with the whole issue of equities. I, for one, am incapable of swing trading and consider it far harder than day trading...