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    Day trading penny stocks to minimize proposed transaction tax

    interesting. never thought of this potential side-effect of a transaction tax -- diverting capital to cheaper stocks, aka, stocks of companies that the market has decided aren't worth very much.
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    ES Journal Archive (2009 - 2010)

    what a mess...
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    ES Journal Archive (2009 - 2010)

    it will kill the futures markets in this country...they'll go dead...
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    ES Journal Archive (2009 - 2010)

    only $140? not as bad as i thought:D
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    ES Journal Archive (2009 - 2010)

    almost $175 dollars per side that's $350 per round turn In other words...if you do a trade that runs for eight points, you get to keep one point, the gov't gets the other seven.
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    ES Journal Archive (2009 - 2010)

    as i said...
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    ES Journal Archive (2009 - 2010)

    NQ having a tough time holding above yesterday's high
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    1/4% Tax on all stock trades pushed in NY Times today

    It's happening, folks. The allure is too great. Get ready to find a new way to make a living.
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    ES Journal Archive (2009 - 2010)

    when does it get sprung? january? march?
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    ES Journal Archive (2009 - 2010)

    two words..."sickly bloom"... come to mind
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    ES Journal Archive (2009 - 2010)

    not enough call open interest to make that play attractive, imho...although i see things have perked up a bit in that department since yesterday
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    ES Journal Archive (2009 - 2010)

    What's your rationale?
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    ES Journal Archive (2009 - 2010)

    what's at 11 am?
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    EasyLanguage CloseD(1) problem with futures

    it's not an EL problem. You need to backtest on RTH data only.
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    1/4% Tax on all stock trades pushed in NY Times today

    I've just started a thread ... http://www.elitetrader.com/vb/showthread.php?threadid=179601 ... to discuss next steps for u.s.-based traders in the event the transaction tax becomes a reality. The time to begin planning is NOW.
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    trading outside the u.s.

    Like it or not, the financial transaction tax is inevitable. Yes, it will cripple U.S. financial markets, drive capital to other countries, and throw tens (if not hundreds) of thousands of people out of work. But that won't stop this country from having a very unfortunate do-si-do with this...
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    ES Journal Archive (2009 - 2010)

    Silly buyers.
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    What our society is coming to ...

    If you want to get non-readers to read, make them watch video ... http://www.usatoday.com/news/education/2009-09-07-jenny-sawyer-60-second-recap-classics_N.htm cute idea, though
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    Porn Star Savannah Stern Making 50k -vs- 150k; Trades Mercedes For Chevy

    Why on earth would a porn star ever want to date you?
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    Backed up the truck on SPY PUTS pre-meeting

    Well, there's the 200dma at 940 or so...
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