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topguntrader, You've got a lot of excellent advise here on this board. I have learnt a lot from these contributors myself. Here are just my thoughts. First off, I read that Jeff Cooper said somewhere that one shouldn't trade around life's major events. Buying a house...

Stock777, I'm glad you created this new thread. I posted the following message in a previous one, but nobody came to my rescue. I hope some folks out there will help me out this time. Thanks again in advance: Hi all, I filed a Mark-to-Market election application...

Hi all, I filed a Mark-to-Market election application April of this year for this tax year, but I haven't received anything from them yet. Do you guys receive any confirmation at all? Or can you just proceed to elect MTM status when doing taxes by April 2002--as long as you know that...

Hi, neo, I went through the same struggle as you detailed in your post when I started out trading. And I agree that (1) it's a terribly bad idea to take out a loan as your trading capital UNLESS you have proven yourself to have consistently made money; and (2) daytrading with 4K is...

Yes, it's important to keep your losses small. However small losses adding up can kill you all the same. So there are two ways to knock yourself out: (1) Letting a small loss turn into a huge loss--a quick death (2) Small losses + overtrading = suicide via morphine drip If you sustain...

neo, It seems to me you are so afraid of losing your capital that you have to keep asking others whether this or that is a good setup or not. If the $4000 is your nest egg, and you can't afford to lose it for any reason, I suggest you not to wet your feet in the markets. Since I...

AspenTrader, I had myTrack and Datek. I closed both of the accounts there. Right now I use only IB. I noticed that when my order was routed to ISLD via myTrack, I couldn't use decimals. It could only come in 1/8, 1/16, etc. That is to say, I couldn't buy a stock at __.13 with...

Magna, Good idea. Elitetrader of course has a right to restrict the content of our postings for their own interests, but I just don't think it's fair to prohibit us from posting threads relating to IB simply because many of us happen to be IB users. We never intended to use...

Baron, and others, I don't know how the newly redesigned homepage for Elitetrader will look like. The problems mentioned here could be averted if the threads didn't all appear on the homepage. If new threads are immediately organized under different "tabs" or menus of topics, then it...

tradervic, If you don't dislike your job, I don't think it's a good idea to go full time, not at least not at the outset. There will be times when you get so frustrated with trading that you would want to go back to your job. When you have a job, you may at least once in a while get...

Neo, Hi, how are you? Remember I said that DRMD was overextended and due for correction. Today, it dropped 2 points with higher than average volume. I expect some more decline in the days to come for this stock. Unfortunately, I haven't had a position in this one. stockoptionist

Harry, I have to admit I haven't read Tony Oz yet. I will in the near future. By "skyscraper," I trust that he refers to those stocks that are overextended and ready to correct. Am I right? Or am I wrong? In any case, it doesn't matter for my comments below. SYK is...

DATTrader, I hope this helps. All you need to do is to think in reverse, i. e., put yourself in the position of a MM. When you buy a put contract, the MM is short one, in the hope that he will be able to buy one back later at a cheaper price--so that he can make some money...

neo, It's just an observation to pass along. I've noticed on a WEEKLY chart that DRMD has made a parabolic move between April and July--advances week after week for three months with only three brief pauses. My experience tells me that stocks that have made such kinds of move usually...

Privateer (and neo), Well said. It's hard to be profitable with a small account and higher slippages in options, especially in this type of market environment. But again, if you choose your entry and exit target prices prudently, e. g., more than 1 1/2 points, you can still...

neo, Just a reminder here. I don't know if you read my post in a previous thread you started. Again, for the swingtrader, the ultimate nightmare is the overnight gap-up or gap-down--which could be huge. Stops can't save you in such situations. With a small account, you've got to be...

Babak and Cesko, I just didn't bother to defend my argument about the superiority of the U. S. economy to Japan's as a whole, but I 'm glad that you guys did that on my behalf. Yes, in this age of political correctness, we've often learnt to censor ourselves when it comes to passing...

JS11374 and liltrdr, I didn't mean to be serious anyway. Again, I already said that was perhaps my prejudice. Of course, when I am trading, I cast aside these preconceptions and look at the charts instead. stockoptionist

I agree. I've been a member of tradingmarkets.com for a year now, and things have been deteriorating with the key traders leaving one after another. I used to visit their site almost every trading day. Now I only drop in a couple of times a week. I probably will not renew my subscription.

There are cultural factors at work here. First, Japan is not a multicultural society whereas America's strengths lie in its diversity. Second, Japanese innovations take place at a more collective level, whereas American creativity takes places at the individual level. For instance, the...