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That was a nice -5 point drop from 2.:30pm to close, good call W.R.!

Before jumping the gun on home building stocks, consider these two points: 1: Housing is a 5 to 10 year cycle. I have bought and sold houses through everyone of them since 1976. Here is the housing cycles that I have experienced in California: Up Cycle.......1976-1980. Flat...

JW, "Excellent trading!" If you could repeat today's performance at least twice week, you could quit your job. Jeff

JK, Why not just use the SPY options? .05 bid to ask spread and good volume. Jeff

JW, "Your doing a good job trading!" You have consistently had a decent win/loss record and resonable profit levels and it looks like your heading for a good annual return. On another topic, click on the attached chart and notice that the SPY is moving in a slightly...

The attachment shows the potential path of the SPY on the horizon.

I believe this SEC rule change will create a little more volatility in the markets. This will be good for market participants who trade both long and short and slightly more difficult for market participants who only trade long. For myself, I like it because I believe there shouldn't...

I have been trading about 10 years. The first 5 years I acquired and honed my skill. The second 5 years I created an edge. Oddly enough, like Mav says, the skill and edge are not related. I was half-ass successful with just skill, but creating an edge makes one totally successful the...

I can relate a few actual experiences with Interactive Broker regarding the subject of day trading options and restrictions. I have taught a few friends to trade options. Some of these friends started with small accounts ($5K to $10K) and used I.B. as there broker. Those with...

When an index rises 300% in 2 years, -17% is totally insignifcant. Even if the SSE composite index pulled back to 3000, it would still be supported by its long term rising 200 day moving average.

Your right I mis-read the results. "I sincerely apoligize Bud Foxx, that's a good return." Lets redo the figures: +971% total accumulated option gains is a +97.1% total gross account gain for year to date 2007. Roughly -6% commissions takes it to +91.1% total net account gain year to...

I don't mean to be a party pooper but this is the 2007 results on your website: http://theoptionsreport.com/option_trades_log_2007.htm At the end of June its shows a total option gain of +138%. This is not a total account gain, just an accumulated option gain total. On the website...

"My road to trading success over the past 10 years has been filled with land mines, pot holes, road blocks and misdirecting signs." "Meaning that I have blown up several accounts, bought many trading systems, subscribed to many alleged Guru's, bought countless training materials, spent...

Michael, I respectfully disagree with you. If the markets drop, the fail safe level for the markets is the long term rising 20 month moving average on the SPX (roughly 1360). At that level, mutual funds, retirement account managers, large brokerage houses and the Plunge...

Angie, A working individual about to become a mother doesn't always have time to scan the stock universe and monitor price movement on multiple stocks. As a less timely alternative, you might consider: concentrate on the SPY stock only. The SPY stock is an index tracking stock...

http://www.optionetics.com/market/rankers/default.asp?freeRanker=yhhighv

I am not suggesting that the SPX won't go higher this year. However, healthy bull markets need at least one strong retracement each year before they can advance higher. This clears out the weak hands so there will be a fresh money supply at long term support. Remember the old market...

Nitro, I agree with almost everything you said here, but I believe you should factor in two additional points: 1: There is long term resistance at the March 2000 highs. The SPX has already failed twice this month at the long term resistance of the March 2000 prior supply area...

Did anyone notice that the sell off last week happened to occur within < 1% of the March 2000 closing high for the SPX ? Millions of investors who bought into the 2000 high's and never sold, finally had a chance to break-even after 7 years! Now we got to ask ourselves the following...

There's a couple different methods for taking profits: Method No. 1: "You can take modest profits frequently." With this method you need to have a Reward to Risk Ratio of 1 to 1 or better and a Win/Loss Ratio of at least 66% to 70%. Example: 7 winning trades with +1 point of profit each...