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In my opinion: The main reason the spreads are monster wide is that the option exchanges have been able to keep a monopoly on making markets. Joe public is not allowed to make markets so there is no competition. If anyone could both bid and offer at the same time most option spreads would...

BIDU was in serious action today I was trading it but only at 20 shares at a time. I think that if I want to trade it that using odd lots is better than options. The options kill you if you need to get out offsetting any edge that may exist. I traded the gap higher and did well. I went at it...

I believe this is the "plan" in Beijing Continue to be the second class "your the best America" country while they buy greater amounts of our debt and assets. As another stated "frog in the water" type of attitude with us. They sit back and just let it all happen slowly while they...

Today I was given a chance to trade HAR again. That is one stock symbol that I probably will remember even after the Alzheimer kicks in. Regardless of last July though I did not trade it any different than any other. It’s not like the market cares what I think about a past trade or even...

ThinkFirst, Great thread and I wish you the best. I noticed some things that others did as well. It does sound like your playing with scared money. While the fix may sound easy the fix kicks in something else that is just as difficult to deal with and thats greed. Greed is what "makes"...

Hi BillyJoeRob, Thanks for saying so. Its in my self interest to be honest so that helps. The main thing about this journal is for me to be able to look back at my trades and see a pattern. Yes, I do think in longer timeframes and I often exercise that in options. I tend to write...

That does seem to have a lot of truth in it. The people that I know that are the most negative seem to always have some "bad luck" happening to them all the time while the positive people seem to get all the "good luck" Have a great week FB Robert

Hello MohdSalleh, Thanks for reading my journal and for taking the time to post. I have to agree. The market has slowed down for me quite a bit and so I have had to change grears somewhat too. I guess the market is always probably changing and requiring us to adapt if we are to continue...

I closed out HAS in afterhours. It moved against me and I decided I could enter again tomorrow if it looked worth while. -15

I stayed busy for much of the day today I started out with CAGC and HAS. Entered into HAS early and it cost me some gains. I traded it several times today and just never could get much with it as it stayed in the opening range. Shorted again when it moved higher into the close for a small...

Hi NoDoji, Hmmm, interesting point. But we are talking flame broiled...

I am glad your entertained. Life is way to short not to have fun. Really what other reason would someone that is not trying to learn from reading any given website have. I am responding so it does not give the appearance that your incorrect statement is actually being perpetrated by me...

I went into my office yesterday morning and came home about two hours ago. I am one tired guy. I spent much of the time time working on trying to get Tradestation to talk to NinjaTrader so that I could get automated trading working. I can say that I had some level of success and for a...

I believe I was not clear enough. I said I could show him people in China that work jobs under conditions many in the states would not want to do for $200 or less per month. I believe I can and China is bigger than Shanghai or Beijing or some other "wealthy" cities. Yes there are many...

Hi Lasner, Its a good question and one many of us have looked at. I currently write options on a limited basis as well but its hard to not have a negative edge. The rules of the exchange are that unless your an insider you can not be on both sides of the market. Without the public...

Hi OracleWizard, I spent much of the day trying to figure out how to get TS to talk to Ninja. I reread your post and wanted to ask if you have a suggestion on a better front end? Thanks Robert

Hi Lescor, Great journal and very nice of you to spend the time you have on it. I am spending today working on getting some automation in place via Tradestation and Ninja to execute through IB. I use stockfinder and Tradestation to scan for setups I read that you trade through echo and...

Hi, I would like to look at charts (both intraday and daily+) for symbols that no longer trade like LEH and HLTH. anyone know how to get this data and or charts?

Hi JN, you may spend 17K but it doesnt "cost" you that much : o ) you and I could take a trip to China for a week or so. I could show you some people that would love to live on $200 per month and how hard they work to make that much. You very well may come back a different person (Don't...

Hello Monty, Yes, I use the radar as well. i sure wish the 1000 quote limit was not in place. I had to get a monster of a computer though to handle the code. dual xeon with dual cores and 8gig of ram and a 15K SCSI C drive plus D drive. runs on XP64 with two dual head video cards for...