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  1. M

    Good reasons to maintain a bearish bias?

    The trend is your friend. Not analysts.
  2. M

    Pattern Day Trader question...

    Only stocks. Absurd rule established by the SEC assuming that small traders will completely stop trading. This has made the small traders taking bigger risks by holding positions overnight. I don't know what SEC was thinking.
  3. M

    Series7/Pro while employeed elsewhere

    Yes you can. The only restriction is when you are a broker. You need permission from your employer to get a second job. As a trader, you are free to work as many jobs as you want.
  4. M

    Longbull.com

    That's the problems with traders. Most of traders (including myself) find their own strategy the best. If they lose, it's because of market conditions or the broker or market makers or Greenspan .... I don't know about the other sites but I do know that longbull.com is great for new traders who...
  5. M

    small lots with ib

    It's still $1. Anything below 100 shares is $1. However, why would you trade 5 shares? Would you be excited if the price goes 0.50 point and you would make $2.50? It would only be $0.49 after commisions and SEC fee. Trade round lots or do paper trades. There is nothing embarassing about testing...
  6. M

    Post your prediction for the Dow!

    5000. I know lots of people will be pissed off but that's my prediction. BTW if it ever reaches that level, I'll be an aggressive buyer. Right now, I am in and out.
  7. M

    about tax...

    It depends on where you claim being a resident. You pay US taxes if you claim being a US resident. If not you'll get the W8 Ben from your broker to fill out. I believe you still have to pay some kind of taxes even though you're not US person. Needs to be checked...
  8. M

    QQQ heading for 9-11 levels?

    I believe it will even break it down. 800 is what most technical analysts predict. With such a bearish view, it may be the final bottom. Nasdaq trying to catch SP500.
  9. M

    Partial T1 Internet cost?

    T1s are not as expensive as they used to be. You can get a partial for a couple of hundreds a months.
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