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Yeah, I have had the same experience. So basically I just don't do it. When I first was able to do trailing stops on Nasdaq stocks, I thought I found a foolproof thing. Turned out I was the fool. And of course, it worked great the first couple of times I tried, so as usual, I would have saved...

Yeah, we must all be morons except for trade555, the chameleon for all times and tastes. I thought we would miss him this week because he would be tied up with his lawyers suing his manager. And carefully watching his 175k worth of qqq options. And signing on with Schonfeld for a salary. And...

Bet all the place bets and the don't pass with an equal amount to your place bets total. Bet 7&11 on come out role for insurance. Press your place bets after taking taking winners equal to original total of place bets (or don't pass). If the roll continues for a while you can make a...

Yes, as a matter of fact it is. Just trying to keep it simple though.

A simple money management approach for non pros.....play basic strategy (like on the little cards you can get as mentioned). Then play a unit progression. Whatever your bets are, think of them as units. For example, if you are starting with $5 bets, then one unit =$5. Bet this progression...

I find these things interesting. I keep getting calls from a guy at Nextrade to come and trade for them. I used to work with this guy, and I guess he is trying to get something going here in a managerial capacity. I am not convinced it is a viable way to make money. It really isn't too relevant...

I that the company that runs the ATTAIN ecn?

Even though you said "anything but blackjack", you got replies about blackjack. This is because it is the only casino game where you can get an edge. But no way without counting. What you are asking for just does not exist. If you are a very competent poker player, this could be a good bet. You...

here is one that I made that can be applied to other similar types of mistakes. I became aware of program trading numbers. This was prior to the crash of '87. I thought I understood what it was about. So I started trading options based on the premium I saw. I figured if the premium got rich...

Good answer as far as identifying blunders. I just hope you were not trading off those misguided beliefs:(

If you figure out how to do it, let us know before you become too famous to give us the time of day:) Maharishi Candletrader?

Better Hurry! :)

I have made every single mistake mentioned so far (except maybe the pennystocks in HS). And many more. Nitro's NYSE vs. Nasdaq is probably my most recent blunder, but long since corrected. Pretty interesting. I think so much of trading is kind of contrary to human nature. It is almost totally...

OK...time for a new thread. Instead of talking about what works, why not discuss what does not? I think we all agree that we learn from our mistakes. So how about talking about our blunders and what we learned from them? Maybe we can actually cut out some by learning from the mistakes of others...

Don't be so anxious. I would love to be 20 years younger:) Especially if I knew what I know now. Too bad it doesn't work that way. Good luck, and I am sure you will last 20 yrs. if you want. Just stay focused and determined. And don't let anyone dissuade you from your goals. There will always...

Like Gnome, I have had setbacks as well. For me, the second half of 2001 wiped out my gains for the first half (fortunately, I had been paid already on the first half gains). So if I were trading for myself, I would have actually lost money for the year. I did for the guy I work for. This...

I don't know what you are refering to as my being "wrong". What did I say or ask that was "wrong"? I thought I said these guys worked for he ecn's and were getting paid to add liquidity. How is that different from what you are saying? By the way, if someone trades 500,ooo shares per day, how can...

Well said!!! BTW, higher highs and higher lows (and the converse) as mentioned in the post previous to Kymar's are very important IMO. So it is essential to understand TA and what is generally reliable over an "extended period". It is the intraday oscillators that I generally have a problem...

Writing this down. Going on my wall. Thanks!!!

Your assumptions are pretty accurate. The decline in the premium is attributable to several factors. You already touched on the interest rates (cost of carry). Another very big factor is the actual price of the indices themselves. As the prices decrease, the premium will be less just because...