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If this kind of TWS failure rate continues, I am going to have to start using bracket orders (buy/sell/stop) for even scalp & day trades (as rediculous as that sounds).

I tried Stand alone TWS and internet based TWS and still no data.

"I totally agree, Santelli is the only CNBC employee who isn't a cheer leader for the bulls. I really enjoy his occassional confrontations with the cheer leaders."

Answer: Normally 90% of my money is in cash, but there is sometimes overlap where I am nearing the end of a put trade and I open a call trade before the put trade is closed. In those instances 80% of my money is in cash. Also on occassion I trade options on ordinary stocks. In those cases I...

Rick, My last day of trading or holding front month options is the Friday before expiration Friday. In other words for this month of February, the end of the day on Friday February 8, 2008 all positions were closed. Then, starting on Monday of expiration week, I am trading 2nd month...

About 7 or 8. Look at the attached 10 year chart of the S&P500 with monthly candles and the 20ma. When the S&P had its first monthly candle close below its rising 20 month moving average in January 2008, it was potentially the beginning of the end for stocks. Notice that when this...

Update: Pre-market futures were too strong in my favor this morning to use an incremental sale. All contracts on the SPY137 puts were exited at 4.60 (100%).

Hi Susan, While you were buying DIA 126 puts near the close on Wednesday, I bought SPY 137 puts for 2.29 earlier in the day on Wednesday when the INDU (Dow30) hit my entry trigger target of 12,755 (prior resistance from Feb 1 2008). The SPY 137P opened today at 3.05 and traded in a range...

I scalp and day trade the SPX using Pivot Points and simple MA's, but only at very specific reversal periods. Here is what I do: I usually enter a reversal between 10:00am to 10:30am and exit just before the market goes into its next reversal at 11:00am to 11:30am (which I may enter again)...

Looking at the attached chart of the SPX and the multiple layers of resistance at 1395 and 1420 in this downtrend we are in, I find it difficult to have any long term bullish aspirations.

Answer: Those are horrible commisions! Interactive brokers is < $1.00 per contract (no minimum) and gets progressively cheaper if you buy multiple contracts. Your brokers $9.95 will generally do damage to a small account.

I have taught several beginning traders how to survive the learning curve of trading using options and a small account. You must strictly follow to these rules: 1: Keep your small trading account a "Cash Account." "Do not" get a Margin Account with a small account! If you have a Margin...

The sad part of this entire housing mess is that we tax payers will end up paying for 1: the greed of banks and mortgage lenders for inventing those voo-doo economic loans (bail-out in the works); 2: the greed of Wall Street for making trading vehicles out of them; 3: and stupidity of...

Money management is as equally important as selecting the right stock to buy or short. You can win 80% of your trades and "go broke" with improper money management. 10 Trade (Stock) Example of Poor Money Management: (assuming equal dollars invested into each stock trade) eight 2%...

"I totally agree with Don's statement." If you trade for a long enough period of time, you will eventually find a trading system (methodology) that works. "But, getting yourself to enter every trade when you are suppose to and exit every trade when you are suppose to, is the single most...

I have been saying this for decades and the test of time has always proven it to be true: "eliminate the Fed's ability to cut interest rates and simply have the overnight lending rate auto adjust itself (electronically) to mimic the exact value of the yield on the benchmark 10 year Treasury...

SP500 Target = 1150 Look at the attached 37 year chart. '

Look at the attached 10 year chart of the SPX with monthly candles and the 20 month moving average. Notice in November 2000 the SPX had its first monthly candle close below the 20mma (20 month moving average). That November 2000 candle was the first monthly candle close below the...

What I find different about this downturn as opposed to any other in the life of this current bull market is: Fundamentals: 1: There has never been an earnings reporting period with so many misses and disappointing guidance going forward. 2: Oil has never approached this level before. 3...

The attached chart is a comparison of the SPX gains or losses year to date in 2007, compared to the housing index gains or losses year to date 2007.