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A good rule of thumb is 30 to 50% stop losses with options. Because of the poor liquidity and bucket shop games, one needs to use mental stops in my view.

"Statistics are a reflection of risk models, and it says that 99.9% of the retail traders lose money." Just curious. This statement seems oversold to me. Is there a study to show it?

Good news for the op - possibly another hammer for him today. It looks like the plunge protection team is painting the tape into the close. That will give "THEM" time to do something over the weekend. Look for all sorts of positive news stories over the weekend.

Sue somebody! Surely it must be someone else's fault?

Well, I guess we know why they call it a hammer now. I'll bet lots got hammered today.

Just curious. How many of those top 1% work in washington DC?

A video "Are you all completely crazy?" http://www.youtube.com/watch?v=8SGyVNippvA&feature=player_embedded I can here the frustration in his voice!

slacker - another Thatcher A quote attributed to Margaret Thatcher goes along the lines of "The problem with socialism is that eventually you run out of other people's money [to spend]." She must have been fun to watch as a backbencher.

I came across an interesting read on the new deal today at http://sultanknish.blogspot.com/2011/07/new-deal-for-america.html Why are some in the media selling the August 2 2011 date as a default and almost the end of the world when the only question is whether the debt rating will be...

MK Trader: Alberta has a flat tax and it works well. Alberta ships tons of money to support many provinces (It was not always so - they hit the wall in debt once). When the socalists heard about it, they did the following: Imported union members from BC to protest because the workers on...

Gee if we televised it, I'll bet that the TV rights royalties may wipe out some of the debt!

Interesting thread that is relevant to this thread is here http://www.elitetrader.com/vb/showthread.php?s=&threadid=224212 It is entitled "The rich are waging class warfare on the poor". My first post quote may be relevant to the discussion. In regards to the budget debate a friend has a...

I think you haven't seen anything yet! Wait until the poor fight back.

Yes, oil certainly helped balance the budget much more quickly, but it was the spending control plan and the political will that setup the ability to reverse the overspending. However as our current premier shows, no controls on spending = no financial responsibility. No amount of money is...

I live outside the US so please take my comments in that light. For many years, I have told the regular Americans that have asked my opinion, that their essential problem is not really financial. That can be dealt with. No, it's the continual political deadlock in Washington and no clear...

Antitrust: My answer to your second excellent reply post. "Technology describes and type of progress or advance in standard of living." I accept your definition. I enjoyed your link examples (which were very interesting). You use the word in a better way than I since you speak of advances...

Both of them know the real answer, that is why the pregnant pauses in the recording. A theory I have is that when the central banks began the big negative press against gold, they created interest rates. They didn't want interest rates high, but the higher the rates the more they could say -...

Antitrust: My answser to your first excellent post. You are correct, I was very confused by the post. I am also very interested in what you say. The answers I am honestly looking for may come from any direction, but most likely from something I don't understand properly today. Sorry. So fire...

My apologies. The thread is called: What does the new society organizing pattern for the world look like?

I loved your comments "antitrust". I will answer them in my own thread and I hope you will respond in this thread. http://www.elitetrader.com/vb/showt...993#post3234993