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The S&P 500 will lift above Friday's high, which will also be a new 52 week high. Volatility to increase going forward. A rangebound market may develop for a period of months, with nice swings up and down.

Distractions during the working day? This is not a professional viewpoint. The market is not a game. It is not appropriate to play "other games" when your market game is not entertaining you. How do aspirants expect to make consistent profits in their chosen market if they do not study the...

Yes. Why don't you sell 60 contracts of the Jan 2013 strike $7.5 calls for .40 to receive $2,400 in premium less commissions. Then also sell 60 of the Jan 2013 strike $2.5 puts. Hold both to expiry unless one leg looks like going ATM/ITM, in which case get flat. Come back after the Jan 2013 exp...

Also RDT...his AAPL call was good for several dollars buying at 09.31 on 1/18. A very useful thing to have is a consistent loser to fade. I've read on the blog of another ET member who is a very proficient operator that this was an old floor trick on the CBOT. I don't usually trade stocks...

It is pork for those involved in developing lucrative technologies of political control. If we physically examined only a few people, there would be no need for this technology to be procured. Further, it serves other interests to have a docile and compliant populace. I too have opted out. I...

If you're trolling you are doing an awful job! I don't bother with news or other nonsense, except to be aware of the dates and times of major data releases. I never read the papers or watch television. I browse here and a few other places from time to time, but unless the news is specifically...

Thanks for the fade. I don't usually trade stocks so without your thread I'd have never noticed this. This really was a cinch to go long by 09.32 this morning! Especially letting everyone digest the news, make sure the stock was down heavily premarket - give people time to get their orders...

Larson, please. That is uncalled for. Cheese has contributed posts of value here for seven years, totalling almost 1700 posts. If you take the time to read them all you will notice a certain consistency. Firstly, the posts are polite and helpful. Secondly, they are clearly the thoughts of a very...

I think a little humility is in order here. As Cheese has just explained, very few have any experience of dealing size in the futures markets, either as principal or agent. Fewer still have a comprehensive understanding of forecasting market liquidity. It is not for you to be giving pat reasons...

Yes. Those who can enlighten won't, and the rest cannot or will not do their own thinking.

"The lady doth protest too much, methinks." I explained all of this in November. Any serious battle hardened operator understands this condition, which is a bull phase. The reasons for this are obvious. Only amateurs who do not know, and masochists who will not be taught position...

The fool who knows he is a fool is truly a wise man. That level of self awareness is exceptional in itself.

Oh dear, well that explains a lot. The "other place" is truly awful. I do not think any serious operator would waste time participating there. As I recall it is a giant billboard owned and staffed by individuals who are not and have never been professional traders, and primarily supported in...

The fact that you cannot give an example without breaking a confidence proves my point. It is not possible for you to name an individual who would be acknowledged to be a top tier independent professional trader who holds himself out as a trading educator to members of the public. I have...

I made the following statement: The very successful traders are not available to newbies to answer questions on how to be successful. You replied to the effect that such a statement is proof of my ignorance. Evidently you are not sorry for it as you made the deliberate decision to type...

Are you planning on being a vendor of business materials, or a vendor of trading materials? The very successful traders are not available to newbies to answer questions on how to be successful. Aside from the (should be) obvious generalities required for success, those who know do not...

It has been done and it can be done. A human can run a sub four minute mile. Before this was achieved, some believed it could not be done, but one man ignored this and just did it. It is possible to make millions starting from thousands (to reference cheese, I'm not talking about making...

"Before markets opened on May 6, the GovPlus funds had sold some Standard & Poor's 500 index put options on the Chicago Board Options Exchange. When markets plummeted the afternoon of May 6, the funds were on the hook for potentially huge losses." So the fund, by free consent, takes exposure...

You are remarkably persistent with your ET writings. Your sincere intent to tell the truth and help others is noted and appreciated. Thank you. Of course the majority here could have the answers given to them on a plate and they'd never ever recognise, let alone apply. What you say isn't what...

An interesting and astute observation. Victor Niederhoffer has discussed similar traits of conmen and hoodoos over at DS. Excessive familiarity (lots of hugs, remember to burn your shirt afterwards), flattery, and attempts to impress with the trappings of success. You may enjoy this...