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I'm researching the most efficient method of hedging a portfolio of stocks against a major market correction, as I take on some larger long stock positions. After looking at a number of alternatives, I'm attracted to the fact that buying an index put at least locks in my max loss if the...

A stock can rally in the last 2 minutes, just as it can fall. So there is no statistically relevant data. If your point is that you want to be able to nail the close as close as possible so that you can duplicate your system and/or backtesting, my experience would say that you really can't...

As the system I trade calls for selling at the close, I have had a good deal of experience with this, and I've learned to place my orders at least 5 minutes before the close to avoid a rush and a missed trade. This is especially true of NYSE stocks. If you push it to the last minute, you may...

Thanks for the responses. From my experiment, and the posts here, I can see that it is not as pure a play as I had hoped. I suspect in the case of BAC it is the issue with the dividend.

InvestorRT. www.linnsoft.com. Any indicators, any combination, any timeframe.

C Verm, a couple of us asked you what you meant by "profitable" in your 4 years of swing trading, and you never replied. I asked - and I assume others did - because this is an important consideration. If you have been profitable, then why not further exploit what you already know, and...

A "newbie losing trader"? HA! I will very likely pay more in taxes this year than you could hope to net. And it would be good to point out here that with all the time you took to write a number of posts bashing me for sharing information on SSFs, you have not addressed my intial question...

I am sharing my experiences with a test on a single contract. I don't need and don't appreciate your criticism when I am posting to assist other traders. My beef is not with a loss of $45.00. It is with another crock of crap being sold by the street.

Update - at present my underlying BAC is up 2.5% and the SSF is DOWN $45.00 on a single contract. And they are expecting trading volume to pick up, with this kind of game?

I am afraid you're right. Just another reason for somebody to put their hands in my pocket. It never ends, does it? For whatever reason, when a stock moves 3% and the SSF doesn't move at all, there is a sucker play. And that really pisses me off. Now how do I get a hold of Elliot Spitzer?

I had been led to believe that SSFs would trade in close relation to the movement of the underlying. That has been promoted as a big advantage over an option. However, a few days ago I took a long SSF contract in BAC when it tanked, as an experiment. Since then, the stock has rallied 3...

Have you been profitable with your swing trading? What do you mean by "successful"?

Nutseal - Go to InvestorRT's yahoo chat thread and ask your question. I know there are folks there who are backtesting options strategies with IRT. The program handles many different types of data feeds. http://groups.yahoo.com/group/linnsoft/messages/

I use TrackData. A few short term problems in the past, but they have been stable for the past few months. Are you working with InvestorRT?

You certainly are a snotty little ass for someone who asked such a foolish question in the first place, and even with only 6 posts to your name I am happy to put you on my ignore list. There is no way to protect yourself from other traders in after hours action, other those those replies that...

InvestorRT - www.linnsoft.com Very comprehensive backtesting with no programming. Can do everything that TS and WL can do, but faster and easier. Excellent support.

I think you're right. It wasn't that many years ago when any trade meant a call to your broker and a commission in the hundreds (!) of dollars for a single trip. Investment, trading and stock ownership are all far higher now because of easy access. So historical comparisons of market...

So long as the stock has strong fundamentals, absolutely.

Essentially, with this strategy you would be buying strong stocks in the strongest sectors in an overall strong market. Now all you need is a crystal ball to tell you when all that strength will continue, and you will do well. But alas, without it, you will get hurt on any turn in the...

That would probably be wise. So far this is certainly not my best trade of the year. Although, after a great year I can always use the classic rationalization of a bad trade. Can you say TAX LOSS!