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  1. M

    100% Consumption....Zero Savings....

    The "savings rate" has become a flawed, meaningless statistic. http://www.nationalreview.com/nrof_comment/tamny200412230932.asp
  2. M

    Stop Orders

    It gets filled as a market order.
  3. M

    Many economic theories are mere myths, says Galbraith

    Yea, a 94% marginal tax rate will have a dampening effect on those profiteering capitalist pigs! Last of the great central planners....economy slowing....lets check the list of ills the govt can correct with another program....economy booming....increase taxes to pay off all the programs...
  4. M

    Statistical Analysis Programs

    S-Plus is a terrific product that will meet your needs. http://www.insightful.com/products/splus/win_features.asp
  5. M

    when do you know your ready?

    Have at least 18 months of expenses (including health insurance) in the bank before going fulltime. If you start trading fulltime and need to make money right away you're almost certain to fail.
  6. M

    Globex manipulation

    They catch one manipulating Globex and all the firm gets is a slap on the wrist. Probably made 100x the fine on one trade. http://biz.yahoo.com/rf/040323/financial_cme_bearstearns_1.html
  7. M

    Fear

    We all have fear. Noone is imune. From your original post it doesn't look like fear to me. It looks like self-sabotage. I recognize it because I've been there many times over the years. I would have a great year, 40+% return and I'd say "OK, that was great now my goal for the next year is 55%"...
  8. M

    Trading multiple accounts

    You don't need any special software. Just tell your broker to set up a omnibus account linking all the different ones together. You specify in advance how you want the allocation to happen.
  9. M

    CBOT Web Seminars

    Some interesting interactive seminars. I think the material applies to all index based markets. http://www.cbot.com/cbot/pub/page/0,3181,1058,00.html
  10. M

    AVG daily S&P range

    I got my numbers by importing the daily non-adjusted SP contracts from CSI into Excel. I used the same formula as you did. Here's another thing I found: Number of days with 3%+ range 1998 - 25 1999 - 6 2000 - 27 2001 - 25 2002 - 56 2003 - 9 2004 - 0 I have 4/16/2003 as the...
  11. M

    AVG daily S&P range

    1998 - 1.56% 1999 - 1.58% 2000 - 1.91% 2001 - 1.99% 2002 - 2.34% 2003 - 1.60% 2004 - 1.04% (through 2/13)
  12. M

    Traders' Source Free Subscription

    Got my first issue of the free susbscription to Trader's Source today. Good, in-depth stuff. You can get a free subscription here: http://www.traderssource.net
  13. M

    Wall Street or Hedge Fund job idea's?

    How about just checking the obvious sites...
  14. M

    Best Questions to Ask @ an Interview

    Well since you're on elite trader I'm assuming you're interviewing for a trader position. What instruments will I be trading? Will I be executing the firms strategies or my own? What is my performance measurement? Please describe the compensation structure. How much initial...
  15. M

    Best Questions to Ask @ an Interview

    Get this book http://www.growingresults.com/prod/0974418803.html
  16. M

    Intuition

    Exit long @ 49.25 Looks like I walked into another one-way day. I thought this was supposed to be rare? Must've been 4 of them in the last week.
  17. M

    Intuition

    Tried buying strength again. Bought and it immediately dropped. That's a habit I've got to stop for this market. I'm giving this a little room because it feels like we're close to the low.
  18. M

    Intuition

    Long @ 55.25
  19. M

    Intuition

    I'm trading with a simulator in evenings. I need to trade real money to develop a feel for risk and profits. I don't feel the same way when I use the simulator.
  20. M

    Intuition

    I tried methods, systems, and indicators years ago. I couldn't make a dime with them. Once I just started letting markets tell me when it felt like a good trade I started making money consistently. This journal is just for documenting my steps to see if I can use feel for trading the emini. I'm...
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