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Yes... gotta be careful about that 3 times in 5 day thing. Maybe switching to options will be the prudent move. They don't want the money of the small trader... they must figure they've got most of it in the last 2 years. ;)

Yep... if you have less than 25K in your account you can "daytrade" but only 3 times a week. That's conservative daytrading!

Babak, thanks for the site. Very nice.

How about this? Everyone who cares about this issue e-mail their reps as well as their brokers and threaten to close all positions and accounts on the effective date of this new law? If they are concerned about the downward spiral in equities imagine what would happen if all accounts smaller...

Magna, try these out: PP = [H + L + C]/3 R1 = PP + [(H - L)/2] S1 = PP - [(H - L)/2] PP - Pivot Point R1 - Resistance S1 - Support The CBOE formula is longer and you can calculate 2 or 3 support and resistance levels but one is usually plenty.

Magna, I'm not sure that it is worth buying a program to calculate support and resistance levels. I have an excel spreadsheet that does it and I notice that the 1st levels of support and resistance are usually within pennies of the high and low of the previous day. Take BRCD for example... last...

I forget where it is on the site... I have a copy at home and will post it later. Here try this:"http://www.elitetrader.com/vb/showthread.php?threadid=1307"

You don't know of a site that gives the futures, the tick and trin and maybe the status of the programs do you? If I had all of those from one site I'd be happy. Thanks

I'll bet they wouldn't! Are TP's support and resistance much different from levels calculated from the CBOE formula? Thanks

Hi, I like your post. I did a trial at underground but it didn't fit well for me. I'm now following action at tradersalliance chat room. It's free and some of the calls are very good. They update the futures moves and volume and that's about all I need. Everyone that wants to posts their trades...

Best one I know of is http://www.traderalliance.com Good group. See you there. Does anyone know of a better chat?

Thank you all so much!

I don't mean the "New" rules... If I use my entire account and my margin for a trade on Monday do I (as the rules now stand) need to wait until the trade clears before making another purchase? And I understand that it takes 3 days?

SEC Regs have me confused... if I have 50,000.00 in my margin account (2:1) does that mean that in any 3 day period I can only buy 1000 shares @ 50 and sell the same? If on Monday I were to buy 1000 shares at 50 bucks per share and 20 minutes later sell the same 1000 shares then I would have to...

Hitman, how long do you have to wait on fills dealing with specialists? I know you used to trade the momo stuff on the Nazdaq, how does it compare? Faster .. slower? Can you post any screen shots of what your setups look like? You said, "instant fills without going through the specialist by...

I'm using IB and I am having difficulty getting an NYSE short fill. For example this morning I wanted to short GE at 7:30 PST... $52.32. I transmitted the order and waited... the price wiggled a little below and above my order. It was never filled though. Does anyone have advice on techniques...

Does make it a little more secure though. ;)

For the first time I tried to get into TWS on the weekend. It doesn't seem to work. I was just going to set up things for Monday morning. My account is not options... just stock. Is there a reason for not getting in on weekends? At this point I'm concerned that something could be wrong with my...

Well... one option is to daytrade at will until then. By October the market could be good for longer holds. Who knows? Gary Smith did well enough trading mutuals once a month or so... wannabe traders can do it with indexes. Maybe it's a better idea I just don't like them telling me I'm too...

TradeX, I like IB! I don't think it would cause any problem to NOT send out e-mail account info. Eliminating a service isn't a problem for most companies. :) BTW My other broker (Scottrade) does the same thing and it hasn't caused a problem for me yet. When I get to over 50 million in my...