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  1. S

    14k

    Also from reading the tape, that felt like some big player felt he was above the market and tried to manipulate it... like, "Oh I'm such a big swinging dick I'm going to push this market over 14k on my own, maybe hit off the stops that areat 14k". But the markets do what they want to do, and...
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    14k

    Since it is an index, it's not like there's going to be a magical squeeze the second it's over 14,000... it takes maybe 14020 or 14050 before people know it's real and start buying/covering like mad. I doubt many people left orders in real close to 14,000
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    Beginner Question

    Use whatever works. Hell, I can swing trade off of Yahoo! finance charts and still be profitable.. so remember your overhead affects your bottom line and it's up to you to strike that balance. If your current strategies are profitable and your edge is good, then why pay money for something...
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    Why is the Dow going soo high?

    I could care less about what's actually pushing the dow into record territory, since what we read or hear about is really stipulation anyway. I can stipulate too: many speculators and funds were afraid of the talks of correction and were heavily short and accumulated puts during the recent...
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    Deviation Today

    Yes but remember, these deviations and divergences can occur for weeks before a breakdown actually occurs. It's a sign of technicals weakeniing and to be much more cautious, not a sign to go 100% committed short
  6. S

    How are you capitalizing?

    I forsaw the breakout into new highs, and I expect it to make new highs until mid-August I'm long GROW GROW July Calls, exp on friday MA August calls ETR August calls
  7. S

    University graduate becoming a trader

    1. Nonstandard offer 2. Don't expect to make any money during the training period. Live off that 1000 a month and stretch it as far as you can. 3. Theory is NOTHING like practice. In trading, theory usually does not work otherwise all academics would be pulling in the dough. Good...
  8. S

    Show's Truths of the Trade

    Alright so I put together some old scribblings in my notebook to form a list of rules of thumb. Some are good advice, some are just my observations and read like Murphy's law. Really about half of them are actually novel and haven't been drilled into the minds of beginners, so I thought I would...
  9. S

    One Thing

    i would tell myself to trade smaller. and that this is a bull market.
  10. S

    Volente and Rubberbird fight over women

    LOL WTF Rennick how do you have the time to find these things
  11. S

    Penny-priced options

    I understand that the SEC launched a pilot program for penny-priced options, and that IB lets you trade them. Unfortunately, I don't have an IB account right now cause I don't want to pay on a per-contract basis for options trades just yet. 1) Can I trade penny-priced options outside of IB...
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    Im coming out of the closet...

    Livermore saw shorting as merely another addition to his arsenal. He said he was better than most traders because of his disposition to go either long or short and not have any market biases.. What you have going for you is a good strategy though if it has been working great for you so far...
  13. S

    Cramer says welcome to 1995 all over again!!!!

    AHAHAHA where did you get that graph, hilarious
  14. S

    Is this why the market went up?

    News is overrated
  15. S

    Optionshouse.com

    I opened an account with them last week caues I wanted to put in a 1000+ contract trade sometime soon, would save me thousands getting in and out. I like them, the interface is very slick and they are affiliated with Peak6. It's taking them a while to send me some paperwork but it should all...
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    How well do you handle your personal finances?

    I have crappy financial organization but I never get into trouble with money because I never spend. WHat I mean is,, instead of like budgeting X percent to this and to that, I just put all my money into one account and just don't spend it, letting the money compound. Worked for me so far :)
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    Which software/programs to use??

    E*Trade is not really a program, it's a web-based platform. It's more than adequate for swing/position trading and investing.. but it's too simple and lacks features needed to stay competitive in short term trading. In general, a good rule of thumb is the smaller the timeframe you trade the...
  18. S

    Home Price Corrections: Is Worse Yet To Come?

    I trade everything off charts, and that includes home prices. It's going to take at least two years to reach a bottom.
  19. S

    best options broker

    Opened up an acct at optionshouse last week but am waiting on the papers to be filled out It's all web-based trading and the interface looks very slick.
  20. S

    tommorow's freefall

    guys guys just whip it out and measure with a ruler already k?
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