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I have a new Sony Vaio (bought March-07) Laptop with Intel Centrino Duo, 1GB Ram, 130 GB Hard drive, Windows Vista and full Norton Internet Security. I trade with it everyday on my own wireless network (with Firewall) and I have my I.B. tradestation on all day. I also use this computer...

The SPX started this decline < 1% above its 2000 closing high of 1527. The most obvious observation here is the market technician's favorite saying, "Prior Supply becomes Current Resistance." Simply stated: "Millions of investors never sold their overpriced 2000 holdings. Now after 7...

Ron, The two best performing (good fills and good price action)June OEX options for me this month have been: June 710 call (OEZ=FB) June 680 put (OEY=RP) Jeff

My best suggestion for a Home Run Trade like this: Lock in some profits now and sell half the contracts at 2.75 (+150%) and lets the other half run with a -50% mental trailing for every +50% gain. Example: Option Value......Trailing Stop 2.75....................2.20 (+100%)...

I believe there is only a limited amount of liquidity the PPT can provide. Case in point: The PPT was establish in 1988 but it sure as hell couldn't save the 2000-2002 bear market which took down the Nasdaq -76%, SPX -50% and Dow -36%. It was a true correction that needed to occur...

Ron, The June 710 call (OEZFB) has been decent this month. I have never tried the weeklies. Jeff

JW, "Good job!" Jeff

Everyone here has an opinion on why it takes so much time to turn profitable, education.....reliable trade system.....test trading.....discipline. "Collectively when you put all those opinions together, you have the complete package for success."

Paden, As I have mentioned here before on E.T., I don't trade futures, but I do monitor the SP futures daily on my trade station. I primarily day trade and swing trade index options (primarily OEX options) and some stock option trades. Jeff

JW, Nice call! I admire your gutsiness buying front month options one week before expiration. Jeff

The highest reward potential is to simply buy calls or buy puts on stocks and indexes. There is unlimited profit potential with this simple option strategy. You can limit the risk of those option trades by using a stop loss. For example: Lets say you think stock XYZ is going up...

Oscar has had 2 Big Losers in a row the past 2 days! "Yikes Oscar, call the Maytag repairman to fix that OMNI, its gone out of whack!"

Jason, The truth of the matter is, there is roughly 72,000 Elite Trader website members, but less than 2,000 (1-2%) of them are actually making a full time living trading. (and that number is being generous). Trading consistently successful for a full time living day after...

Many years ago I tried a few of his services. Here's what I found: 1: There is too many open positions. It literally takes an "extremely large" trading account to trade everything he recommends. "If you don't take every trade, the trades you pass on will of course be the winners and the ones...

JW, What's happened to your trade activity level? Jeff

I have a friend that subscribed to many of Bernie Schaeffer's services over the past several years. In a nutshell, he use to be good in the 1990's when Bernie was minding the store and giving the recommendations himself. But he got to big and started spending all his time on Bloomberg and...

Did you consider using the May 147 PUT on this position? The extra time premium helps creates a little less risk. Example: Closing Price on 04-12.....Option.......Current Price..Drawdown ...........2.35.................April 147P.......... .70............ -70%...

I believe it would be a safe assumption, that out of the 40K plus members of E.T., less than 1% meet your superstar requirements. I personally believe the measure of a successful trader is any consistent success year after year that suites the individual needs of each trader. Lets...

I believe success is not any one single thing, but a combination of things I call Systematic Disciplined Management: Systematic: You need a trading system that works the majority of the time over a long period of market history that included uptrends, downtrends and trade range...

There's a way to be very scientific about buying options on stocks. "But," it is very simple: Go to ivolatility.com and type in the stock symbol. A volatility data page will appear. Look at the current implied volatility and also compare that to the 52 week high and low implied volatility...