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OP, just read the AHG thread. It contains everything you need to be profitable and thanks to Anek and other contributors it is free. No mentor will come close to giving you a better strategy, even for several times $1K. Anek and others respond to questions on the thread and they even have a...

The financials report this week, what if they say that things are not as bad as they thought or improving? Last week they were moving up even on the sell offs. Even if they report bad news the market isn't going to sell of substantially from here with the stimulus package and Fed action looming...

If that was accidental I'm a monkey's uncle.

The biggest impediment to significant profits for me has been not sticking to my plan once in the trade. You are right you wait and wait for a high probability AND high R:R set up to occur (one where you know almost immediately if you are wrong on the trade with a small and defined loss), that...

I did this last year before giving back almost 300K by year end and have done it 4 times in the last 12 years so it is certainly possible. Good luck.

Does the rally start Monday Tuesday or Wednesday, who knows, either way would want to get long sometime before Wednesday afternoon and sell expiration Friday afternoon, too many fat ITM puts that need deflating.

http://ap.google.com/article/ALeqM5hEk5TzJabMTolW09kiR9fkDEgqSAD8U3SGJG2 When these suits are just starting and none have been adjudicated yet so there is no way of knowing what liability the banks have don't think one can buy financials for anything more than a short term bounce.

20% of all sub prime loans are 90 days past due. CNN

Wow, was just checking the llist in MA. In the last week seeing some of the biggest drops in asking prices I have seen since I started monitoring about a year ago. Examples are from 313 to 219, 369 to 289, 235 to 186! Looks like they are really hurting for cash, not sure how the BAC stock...

AS as you know channel support holds until it doesn't. Pull up same chart for '87 and '01. Might be worth throwing an option strategy at with tight and defined risk. About CFC : At the end of 2007, more than 7 percent of payments in the company's $1.5 trillion servicing portfolio were more...

I think he was the one posting 100% up room to go all the time :)

What the headline really meant: GS is now long the market :)

ES +21.25 pts NQ +40.25 pts 4 trades total

I agree its just that I don't trust the politicians in Washington to do the right thing. If Income tax is done away with and no debt caps, if there is any shortfall (or even if there isn't) they will just keep borrowing rather than cutting spending which is what absolutely needs to happen.

Out ES 1401 + 13.5 Out NQ 1935 +26.25

Buying ES 1387.50 and NQ 1908.75 for a bounce here. Looking at Sox chart which I have been tradiung off we are about to bounce short term.

Its a solution that HAS to be accompanied by Debt caps. Then you take away the revenue and with debt caps you are FORCED to cut spending. As far as vaibility, the economic effect that cutting income tax would have would be a drammatic increase in growth from investment rather than leverage that...

Mutator better than Mutable

Yeah Dax you're right, having a kid like Yousef have petrol poured on him and set alight in agony is objectively part of a perefct world. Watching your spouse get gang raped and machetted to death in front of you and your kids is a perfect world. The examples of such perfection are endless. How...

Wow I was completely wrong about Huckabee, he supports the Fair tax proposal (it is an ideal tax system devised by some of the best economic minds from around the country if they were able build a tax system from the ground up) that advocates eliminating the income and the corporate tax and...