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Thanks, JJacksET4.

Thanks for clearing it up.

Are you serious? I thought you could get ripped off big time with market orders in options trading?

I'm a beginner in options trading and have limited experience with it. I have sold some covered calls and naked puts, that's pretty much it. The only book I read on options is New Insights on Covered Call Writing, by Lawrence G. McMillan, which I regret reading because it's bloated and...

Thank you, Kedwards and stoic. I'm using IB and just placed a combination order in my paper account, with one contract in each leg. They charged $2 for commissions, $1 for each leg. Their web site says the commission is $0.75 per contract. Does that mean a combination order is still...

Because a straddle involves two separate orders, one for puts and the othere for calls, it's quite possible that only one of them gets filled and that can change the entire picture unless the other gets filled. :( How do you deal with partial fills? Let's say you want to sell two puts and two...

neke, just curious, don't you use the 2% rule? I realize it's much harder to enforce it when trading options since they could gap down more than 2% held overnight, but the drawdown in percentage terms seems a little too big. Good luck.

His Wiki page says: I realize that his Startup hedgefund closed shortly after he was featured on Wall Street Warriors, but he was ranked top on Covestor in 2010. You can make only so much money selling alerts and DVD's. How is it possible to make more selling alerts than trading when you're...

But he's too sane and too reasonable. He doesn't belong in politics.

Trump. What I really like about him is that he never admits mistakes, kind of reminiscent of George W Bush, the greatest leader of all time.

What sucks for us Canadians is that iTrade's American counterpart eTrade now supports trading API. TradeStation is free if you have an account with TD Ameritrade. As for Questrade, you can't beat their pricing, but make sure you read their horror stories before signing up. We're still in...

My understanding is that many investors do not look at intraday charts because they mostly look at the market close. What about postion traders? Do they need intraday charts? Also, can I assume that swing traders must have intraday charts?

The only brokerage in Canada I know that supports trading API is Interactive Brokers Canada, but they don't support RRSP or TFSA. Is there any brokerage in Canada that supports both trading API and RRSP? Thanks.

Hey all, are the following trading strategies supported, including backtesting, by major trading systems like TradeStation and NinjaTrader? 1. A trading strategy trades more than one financial instrument. For example, a single trading strategy trades both GOOG and RIMM. 2. A trading...

Thanks, I thought the win rate was the same as the winning percentage all this time. can I take it that the payoff ratio can't be used alone?

My book says the payoff ratio is "Average winning trade dollar amount divided by the average losing trade dollar amount". So if you have 10 winning trades resulting in a gross profit of $3000 and 2 losing trades resulting in a gross loss of $1000, then I'd get the payoff ratio: (3000 / 10)...

Sorry, but how did you get 68.15%? I plugged the numbers in w - (1-w)/R and I got 0.7929. I think the main discrepancy between the formula you gave me and my book is using the payoff ratio as opposed to the profit factor. I suspect that my book is wrong because I have another book that...

Thanks, goodgoing! I'm reading Technical Analysis: The Complete Resource for Financial Market Technicians. Attached is an excerpt of the book. Could it be that the book has a variation of the optimal f or is it downright wrong?

Has anyone read both "Bar by Bar" and "Pit Bull: Lessons from Wall Street's Champion Day Trader"? I believe both are geared towards day traders and scalpers. Which one would you recommend for beginners?

Most successful retail traders would tell you that you should treat trading as a business if you want to trade full time, I agree in principle, but having no experience of running a business, I don't know how to actually do this. Are there any books or online resources that teach you how...