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Now this, by far- by a mile and a half, is the funniest post on ET this year. I saved it becuase it's such a good chuckle. Seriously man, you are so wrong on this it's embarassing. Did you know there are ecn's out there besides ARCA and ISLD, the only ones you guys can see? And what...

$20 million is needed becuase of how they calculate buying power, it has no relation to the amount of money I actually trade with. 150 stocks x 1700 shares (my average size) x $40/share x two sides = about $20 million. Now, am I going to be long and short every stock on my list? No, of course...

Ok, sometimes I'm a smartass. The point of my post was to show that there are many many ways to trade and make money, but most people continue to only care about the large cap IBM's, HD's and EBAY's of the world (and the emini). That piece of pie is being grabbed for by everyone and their...

I'm long 3000 shares of a stock with an average daily volume of 1,500 (that's one thousand five hundred). I guess I must trade different than you guys :)

I'm wrapped up in a dozen or so positions so it is hard for me to watch for the open and read the tape on a stock I don't have a position in at the same time. If I want to play a stock that has news and I think will be whippy on the open, sometimes I'll put in 100 shares so it's in my position...

Don's answer is correct for a trader using prefessional leverage. Return on capital would be a misleading figure since the leverage is such a big part of it and varies widely from person to person. The size of my account doesn't matter a whole lot either, since I would trade the same if I had...

I use esignal and was wondering the same thing today. Can esignal do this? Can it overlay a line chart on a candlestick chart?

I've been doing openings almost 2 years. July '02 to July '03 I averaged a pretty consistent 6 grand a month net. August '03- down 2 grand, Sept '03 with one day to go- down 500 bucks.

With one big caveat- Those things apply to succesful traders, not all traders in general. As adults it's very hard to change our personality and belief systems. But if you want to make it in this business and be around for a long time, I think you have to work to make those traits part of...

August was my first losing month ever for openings and September is looking like a repeat performance. I've cut my share size back and am going to keep grinding it out, hopefully it's just a phase.

Interactive Brokers allows you to easily switch cash holdings to other currencies at competitive rates.

Grey Goose is soooo smooth. Makes awesome martinis. But it's double the cost of most bottles. Don't know if it's a Canadian only brand, but Silent Sam is darn good too. Almost picked up some Stoli the other day, haven't tried it yet. Next time to the liquor store, I'll get some.

"When Genius Failed" by Roger Lowenstien. Chronicles the rise and fall of the fund and explains the paranoia the partners felt about having their trades front-run and piggy-backed. This is how the fund grew to be so large and took on so much risk, no one new the whole picture and how much...

I've seen it attempted, but the party wasn't successful in reproducing the target's results. They figured out pretty well what was being done but there was an element of subjectivity that they couldn't crack. Long Term Capital had accounts and clearing arrangements all over the street to...

Yes It depends totally on how you trade, and you might tend to trade differently with a lot of leverage. Say you have $10k in capital that you're trading now and using your 4-1 leverage to trade a 1000 share position of a $40 stock. You risk 200 dollars if you're wrong, or 2% of your...

I have a question on this subject of anyone who was involved the uvn-hsp deal that just closed. Even after the deal received final approval there was still a pretty good premium. The day the deal closed the spread was still trading at $2. I was short it for a couple weeks and finally gave...

FirstAlert does all that, including scrolling charts. But it's pricey.

Remember the Seinfeld episode where Kramer tried to duplicate the sleep patterns of Da Vinci and napped something like 20 minutes every 4 hours? You could try that. Of course Kramer ended up in a bag in the Hudson River as a result.

Maybe, but he was an easy read on the sell off after re-opening.

It depends on what kind of environment we're in and how the market is reacting to different kinds of news. When the market is runaway bullish, bad news might cause a gap down that fills right away. The same news in a negative environment could cause the opposite to happen. I would think that...