Search results

  1. I

    Help a forex rookie out.

    My first broker and I always liked their site/way of doing things. Plus the free advanced analyzer program is how I search for stocks to target (buy options on) Optionsxpress seems crude in comparison. The only reason I got an account an optionsxpress is to trade futures. A lot of brokers...
  2. I

    Help a forex rookie out.

    I know what currency I am buying in A/B transaction. If you buy A/B you sell B to get A if you sell A/B you sell A to get B. It is a no brainer. A is the base, B is the counter currency. Forex is diversification of interests. The more opportunities I have the better. There were times when I...
  3. I

    Protecting Assets From a Divorce

    Those who criticized the guy for wanting a prenup are full of it. There is very little of true love out there. Just imagine what percentage of people divorce "the one". It is not an unreasonable thing to suggest that women are frequently attracted to cash. And while some would marry a 90 year...
  4. I

    Help a forex rookie out.

    I wonder if people actually pay attention to what goes on in the forums. I am a forex rookie not a trading rookie. Concepts of trade size, risk managament, etc. is a been there done that for me. I have been trading stocks and then options since 2003. Forex is not going to be my first trading...
  5. I

    Question about CNBC portfolio challenge

    I remember Nancy Beaumont fiasco very well. From what I read on wikipedia people got busted for keeping their browser open and tricking the system into executing trades after hours as if they occurred during regular hours. I wish they would have a contest with options/futures. Make it a...
  6. I

    Question about CNBC portfolio challenge

    It says one part is forex (only like 100K out of 1million of imaginary money) and the rest is equities. Can you short equities or can you only buy?
  7. I

    October 2008 how was everyones month

    Easy setups, limited profit potential. Most of the "juice" has already been squeezed from stocks.
  8. I

    knowing the high and low of the day????

    Come on, you don't need to know the EXACt close to understand the general relationship between open and close. My advice is worthless for day traders but for position traders you can put a trade in several minutes before the close if the stock "showed promise"
  9. I

    knowing the high and low of the day????

    The most important relationship is between open and close (more important than between close and yesterday close)
  10. I

    I'm just gonna say it.

    I don't know what the big deal is. Voltaility is a non issue to those who seek it and those who experienced it. Those that only day trade index futures and then get shocked when the market starts to move by 500pts a piece need to trade regular securities for change. The stock I am in (AMGN)...
  11. I

    Odds Automatically Against You

    Simple reality is that even if a financial instrument moves in your favor initially, it can retrace its steps quickly and move the other way decisively. There is always a question of where you are going to get out. There is also a problem of a financial instrument not moving at all, moving...
  12. I

    What a freaky market, about ready to go insane

    Someone has to live through several bull and bear cycles before getting the idea they are good. Many people can "buy on the dips" in raging bull market but when it turns to bear they lose it all.
  13. I

    Is the rally for REAL this time, or do we retest/break the lows?

    We are not going to see dow 14,000 in 15 month just as we did not see dow beating or closing near its previous high within months of its 1999 peak(I think DOW peaked in 99 and Nasdaq in 2000). There are many reasons we won't see dow 14,000 for years. Not the last of which momentum is not...
  14. I

    Help a forex rookie out.

    Thanks to those who provided helpful info. Forex is a brutal market, I have always believed it as such. That is why I am learning it after trading stocks/options/futures. The biggest problem I have with Forex is the 24hr cycle. Currency can move way more in 24 hours (not percentage wise but just...
  15. I

    My super bold prediction on AMGN

    Target price 54-56 at least. It could gap down there tomorrow.
  16. I

    My super bold prediction on AMGN

    I say take a short position in AMGN (puts are the best way). 60 strike price and prepare for some fireworks in a few days.
  17. I

    What kind of strategy do you use to trade this type of market?

    Here is a system. Watch a rally of a stock (or an index). Then look for one of the symbols in the image and take a short position. (drawing is not particularly wonderful)
  18. I

    If most daytraders lose money, then...

    There is a bigger risk involved in trading fickle 1minute trends than holding overnight for the simple reason that nothing MAJOR has to happen in order to reverse it out of the blue. In order to reverse a trend on a 6months chart you need millions of shares. In order to reverse a 1 minute...
  19. I

    Help a forex rookie out.

    Neither of replies has been particularly useful. I don't need patronizing. The brokers specifications are vague on purpose. From what I read by myself you need a specific number per 1K lot regardless of base currency So I guess 2.50 is required for 1K lot of either swiss francs, euros or GBP...
  20. I

    Full service broker will not do options

    I am stuck at level 2 at both td ameritrade and optionsxpress (long put and call buying/margin trading)
Back
Top