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I´ve been doing some amateurish research. I define my own ideas as being velocity and pressure. So trying these in google this morning I found something interesting called a Velocity Real Time Guage. NASDAQ OMX are selling it I guess. Two circles. I wanted to run it for a couple of...

Well thats interesting Mike. I wonder the difference between Options Express and Tos then? Doesn´t really matter, I have adapted my trades to working with what I perceive as a ten minute delay. Thankyou for the advice though.

Rodney Presume you have not been around long. Howard and I have been kibbitzing as amateurs trying to learn trading as a profession since his beginning. It has been a journey of discovery. We continue to discuss each others learning process. I was trading credit spreads most of 2010, but...

I use some kind of PC made by the Chinese I think? Got it cheaper as a Spanish keyboard. Have some others, but they are old and have been repaired with junk parts so many times, not sure what they are nowadays. I use Firefox and use TOS web based cash money system and also a funny money...

Options for SPY and OEX indexes. Ran the Option Chains parallel for several weeks.

Howard By taking a FREE one month Options Xpress account and comparing the prices of XTREND and TOS that I was getting.

Option House, OPTIons Express and Thinkorswim comparisons The only drawback to thinkorswim is the delayed data of 10 mins or so, they say is real time. Options Express do have real time data and that is their best point. Unfortunately their software is quirky. When you make out an order...

To Rodney King I like Howards attempt to outline how his strategy works. No quarrel there. But to me, I like a more honest approach in dollars and cents. If you check up the back websites for the TOAD, he included cost of commissions, win or lose amounts, and the running equity...

Yes, I kind of lend toward the way TOAD used to report his trades. There was a running equity balance. I don´t know if he died, or got wiped out, but it was impressive while it lasted. His old websites are still on the internet. He used to start with $75,000 a year and for some years he...

Thats what I´m afraid of!

The scalp trade netted another $450 this morning. Twice as much as what I wanted to risk though.

My fault. I´m an old man and I even forgot the word SCALP this morning. Could not for the life of me remember the word for the previous post. Anyway on a scalp trade yesterday I made $450 net, with funny money, but it used up $14,000 thereabouts. Which is more account risk than I want...

Eduamon I understand a glimmer of what you are saying. I´m in a SPY expwerimental trade this morning again. This is a quickie trade for a small amount using SPY options. I´m learning what are the best number of contracts to fit my account size. As I understand you, you...

From the horses mouth! Thank you for the email. The rule is the same for Options and Stocks – for accounts under 25k you are limited to 3 day trades per 5 rolling business days per FINRA regulations. Remember that a day trade is opening and closing the same position in the same business...

OPTIONS are not part of the day trader rule??? You sure? Anyplace I can verify that?

Kevin the chat helper on ThinkorSwim tells me Exchange Traded Funds must be compliant with the DAY TRADER rule of the exchanges. So I would be limited to two trades per week on SPY scalping options.

Richard Rimes I´m not at all clear on the difference between an equity and trading options on indexes? Care to explain more? I get the drift, that trading options on indexes is not subject to the day trader rule that you said. I would just like to make sure what you said is FACT...

Eudamon This is Tuesday morning and I did a paper money fade move on the SPY. An hour into the play am down in the money. However, will sit and watch it go and went into 50 contracts as I got OTM and it was possible to go more. My partner is in for 75 contracts on the fade the crowd...

Howard the concept of scalping is when you choose to take just a small move in the underlying. I´m trying it on the SPY because the SPY usually has 1 cent differential spread from the market maker, as it is a big volume index. Whereas the OEX has 50 cents to 80 cents differential depending...

Howard I don´t know anything much about the Day Trader rule as it was described on the internet. But you can look it up. I was under the impression it was an Exchange Rule. But don´t know for sure. It is certainly effecting my trading style. My understanding from reading blurbs on...