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Yes you are right, however, "at some point" is the thing that few take into serious consideration given the learning curve and inevitable drawdown that will occur over the next year. Trading broad market direction without a good feel for general trading rules (like cutting losses etc etc) is...

The Q's are a sophisticated vehicle and, IMO, not suited for beginners. Good setups occur constantly on the Q's but you need patience and discipline to execute a winning strategy. From reading your posts, you still have so much to learn, I suggest you branch out and screen a variety of stocks...

Excuse me while I piss myself... WOW.

The perfect trade has nothing to do with getting the high or low IMO. The perfect trade in my view is seeing a situation start to unravel, knowing that the odds are getting overwhelmingly stacked in your favor, knowing you can get in with a good low risk stop - hardly thinking or over analyzing...

Hasn't it been proven that whether one uses Implied volatility versus Actual volatility, future pricing will not really differ dramatically in either case? This would imply that you have a 50/50 chance of knowing whether the volatility is going to be higher or lower tomorrow... Anyone...

I personally believe that a break under 1247 on the ES futs is going to be the straw that breaks the market. I am anticipating that the day that happens, we move to 1190 and stabilize. Today was a weak consolidation, I didn't feel much strength from the buyers and I do think the current...

I currently trade equities & futures full time. I am an Electrical Engineer by education and profession. I have not been overly active in the EE field for a couple of years now, I still do occasional consulting work with my former company though. I was fortunate to make a substantial amount...

No, not offensive. What I'm reading consists of confusing language and an incomprehensible train of thought. Given that, you are scoring high on my bullshit artist detection meter...

How is the point you've just made any different from someone running a failing restaurant buisness? Or a guy in job about to be outsourced, etc... I have heard numerous stories of failing entrepenuers in every buisness arena. I also personally know of many who dropped out of school, got fired...

I don't know much about the future, but, stocks that hit a nice round number like 200 a pop have a very good chance of going to 250... or even higher. I think it closed a 183 or something' yesterday.. if the thing stays below 175 for a while, then a breakdown might be looming... Also, just...

Wash trades are a psychological issue. Everyone defines their own risk parameters and personal pain thresholds from their prior experiences in the market. Case 1: Say you make an entry and it starts losing from the get go. Your risk is 3 points, i.e. you exit at a 3 point loss no matter...

Thanks for bringing that up. I live in CA and am still amazed we managed to elect Arnold... Yes, IMO the voting public is f--king retarded. Lets do a little Q&A about the repercussions of Enron's actions: Q: Why did Davis get recalled out of office? A: Because CA had a 30 billion...

I started as an EE out of school in 1997. Worked for about 3 years right into the tech boom. The company I worked for got bought out in 99. The buyout left me with paper millions. I made a good (lucky) decision and sold most of my stock and bought real estate mostly in CA and other parts of the...

WOOOOWEEE... Loving this volatility... :) :) ER2 and NQ just tanking right now...

Thats assuming that income is directly proportional to affordability - which it is not, especially in coastal areas. Other factors like interest rates come into question. What you've described is a housing environment that lends itself to speculation, not hedging (think of what market...

Hi Steve, Just as a thought, you are young and could probably withstand some higher risk/better return investments at this point. 5% seems too conservative. Why not start doing some research into alternative investment vehicles? I'm sure you could do 15-30% if you do some homework. You may...

I can try my best to tell you what I've learned, but, my approach is being constantly refined. I do not have a "consistent" approach day in day out, there are just too many variables. I mentioned the stocks in my prior post because they present a good mix of what is out there. AAPL is liquid...

Something smells funny across all the indexes IMO. My intuition is saying something traumatic may happen next week... and yes, I do occasionally trade with my gut.

I personally think you are going to be your own best teacher regarding this. Watch level 2/ T&S simultaneously. Look at lifted bids and offers. Good stocks for observing this are HANS, AAPL, CME, OII (however don't start trading these unless you have > 1 year of experience though - they are...