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Art ... Simple, clear, transparent. Win, lose or draw no one can ask for more. I will watch and listen with great interest. Thanks.

I actually should be reported for stating the obvious as if I were saying something. It is truly criminal to try to pass off my comments as something of value.

I think that there is a good deal of truth to his contention. Unless the Western economies recover more robustly than their current pace I think we will see oil come down. The US government in particular is juggling big numbers in its efforts to keep up the illusion that all is well. If, as I...

Quote from limitupmike: First things first... scalping is not scaleable.. in any market.. even one as deep as the e-mini S&P 500! MIKE ... If what you mean is that scalping is not infinitely scalable -- you can not do 5,000 lots even in ES -- then your statement is technically...

It is good news for a trader when "a bubble is in the works". If, as I think most of us can agree, markets have a strong tendency to overshoot at both extremes you want to be long bubbles (particularly if they are already in the works) and short busts (particularly when they are already in the...

I am sure to the full fledged bulls this question will seem quite foolish: Do you think this is a bull market or, as I believe, a truly stupendous bull run in the context of a large multi-year bear. If you look at charts from the thirties you will see that on the rarest of occasions those runs...

There have been a few things in Al's book that have made me money on a continuing basis and, I think, have lowered my risk at the same time. I like this book SO MUCH that I feel indebted to Al for writing it even though most of it is irrelevant to my trading. The parts that are relevant are...

Do yourself a favor and go back to be and pull the covers over your head before you hurt yourself.

I have not been in the Cayman's in ten years but at that time it was probably the most boring of the islands. Because of its British roots here was not even one really good restaurant. Ya can't freakin' live there!

You are talking to imbeciles if they have not suggested obvious offshore entities that can trade their funds without any tax bite. Charitable and religious entities exist in many jurisdictions (including charitable and religious trusts) that have compounded returns tax free for generations...

Because the industry is a sophisticated group with highly compensated lobbyists who pick the time and place -- the legislative "choke points" -- as their field of battle. Countywide gave Chris Dodd (D) CT a sweat heart mortgage. In fact, I think, more than one of them. In the whorehouse...

Yes ... 4% per week is a disaster over a period of more than a couple of weeks. By week three common sense should have indicated he was trading to lose.

In the 70's New York had a very small per share stock transfer tax (lot's of stock was kept in "street name" and never transfered) that affected most transactions very little but wrecked havoc on low priced shares particularly penny stocks. Many of the MM's and brokers that are in Jersey City...

Rabbitone, I have been following this thread with interest and I appreciate how clearly you lay out your thoughts and practices. And kudos to Abbitia, his fine questions help illuminate the topic. I am not sure I understand why you consider a 4% loss in a week devastating for a day trader...

Do you actually think you could shine this man's shoes?

If you are truly bullish about oil looking out more than a year than you should not buy oil companies but companies who have large interests (in comparison to the size of THEIR company) in oil sands. These plays are very highly leveraged to the price of oil and once crude goes above 80 or $90...

jp, I stand corrected.

US mortgage rates never hit 15% in the 80's or at any other time. Under Volcker's watch The Fed pushed the prime rate to 21.5%. You are confusing 20 and 30 year money with 90 day money.

As I recall -- it is more that 30 years ago -- in the '70's there was a dividend twist that some made a fair bit off. No one got rich but it paid OK. Guys in the business would buy and exercise an in the money call the day before it went X on a five day settlement so as to be a holder of...

FLATIRON ... I was commenting on the quote below. That's where I got 60 trades from and I was expressing my opinion that it was far from sufficient to even make guesstimates.