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Imitation is the sincerest form of flattery...

What about: 1) Set multiple stop levels so that the average is your desired stop. You'll have some units close, and some much farther away. 2) Use an ATR based stop. I like this one, but it tends to give much wider stops, so your position has to be sized accordingly. It does tend to keep...

With IB, your "per/share" commission starts dropping when your monthly volume hits 300k with an unbundled structure. If you are trading 5000 shares per trade a couple of times a day, it seems like you'd hit that threshold pretty quickly. http://www.interactivebrokers.com/en/p.php?f=commission

I'm not sure if it has an expiration date, but if you have a funded IB account, the associated paper trading account can run as long as you need. I had mine running for several years alongside my live account. I'm not sure if it's limited to one paper trading account per funded account, though.

How can you say markets are dead? You've just cornered the ellipses market single-handedly!

What is it about GM that leads you to believe it will shoot above $35.50 in the next 3 weeks? I like the Volt concept (although it's too expensive), but that's not even due out until 2011 and then only in limited markets.

The scary thing is how many people actually get their information from alarmist websites rather than reading the damn thing for themselves. http://thomas.loc.gov/cgi-bin/bdquery/z?d111:SN00510:@@@D&summ2=m&

I've got this book at home and love it. It's useful for total beginners as well as people who can contort like Gumby (he explains every pose and gives several variants for every skill level). The spiral bound form is great so you can have it right in front of you while you stretch...

Why not put a collar on it? Buy a Jan $60 put for around $1.50. Sell a Jan $75 call for about $2.25. The premium from the $75C more than offsets the cost of the $60P. Your Jan $60P locks your profit in around $10, so you are still looking at a nice gain on your original investment while...

With the weekly options, you're really swimming against a strong current as far as time decay is concerned, especially with OTM, which is why I like to buy the longer term (although weeklies are nice for selling). As far as commissions goes, you can get $0.70/contract ($1 min) with IB and I...

Jesus Christ, how can they expect anybody to watch that segment when the stupid: "Herb On The Street" logo keeps rotating before your eyes with that "Whoooossh" sound bite? Don't worry...you'll be alright as long as you adhere to that "50-day moving average is used by traders all over to...

Strictly based on the numbers, I'd have to say $1.50 to $55 based on capital outlay and risk-reward. Equal shares comparison: A) 1000 @ $1.50 = Risk $1500, Reward = $53500. B) 1000 @ $150 = Risk $150k, Reward = $148.5k Equal dollar comparison: A) $1500 gets you 1000 shares at $1.50 with...

Dude, it's going to be your funeral. You've been warned. I'm assuming that you have already come up with some valid reasons why anyone in their right mind would sell a system with such potential. For that kind of cash, you should be getting a "try-before-you-buy" type of thing. If you're not...

Chuck Norris round house kicked a Ponzi scheme so hard that everyone made money...including Madoff. He then turned Madoff into a hotdog, because he knows exactly what goes in to them.

Chuck Norris' beard is so grizzled and rough it can rub away the trade deficit and the national debt...of all nations...simultaneously.

Well, you seem to be calling out it's shortcomings all by yourself. Unless it is some fully automated system that you intend to let run unattended and don't care if you lose every penny, I can't see why you'd even consider it. You obviously have little faith in it's capabilities, so you'll be...

I would think that a system that implied "perfection" and "exactness" (i.e: "to the tick") with its title would send anybody with a shred of common sense screaming for the exits. Do not pass "GO", do not spend your $200.

Thanks for your reply. That's an even better answer than I was hoping for! :)

I currently trade on 3 accounts: 2 IRA (IB & TOS), and 1 401k (Fidelity). Why 3? Well, one is the wife's, and two are mine (split between IB/TOS because one allows futures and one is good for options). The question is: What sort of recommendations would you have for record keeping on these...

The only option strategy I can think of along those lines is not a spread, it's a collar. This assumes that you can execute it at the appropriate prices. However I believe you need to hold it to expiration for the guarantee (it can fluctuate before then) and the guaranteed profit isn't monumental.