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EliteTrader has this wonderful little tool called an IGNORE LIST. Welcome to mine.

And so begins the Space Force.

And you were expecting Morgan Stanley to say...what? Why wouldn't they be happy to help defense contractors spend our taxpayer dollars.

You question presupposes that anyone other than John Bollinger actually uses Bollinger bands.

I note that he busted his trading account twice when he started out, then just kept coming back. Obviously he learned his lessons well.

Very high volatility and/or very low volume are major contributors.

Sorry for your loss. But a very important lesson that often comes with big losses, is to never trade something that you don't completely understand. What you don't know can really hurt you.

Thanks for the offer. A good list for a beginning trader. However, I don't see any information in your book about who you are, what your background is, or why I should think of you as an authority. You mention that you are writing after observing 1000 losing traders. But where, and how did...

I have found that the number of monitors in use by a trader is in inverse proportion to the amount of time a person has been trading.

EliteTrader Pro. By invitation only.

You may want to first look into IB's conditional orders before you get wrapped up in 3rd party software.

Yes, one of my best days.

You should avoid holding any VIX related instruments overnight, so your borrowing costs for a short are a non-issue. Also, be aware that IB is quite restrictive on margin issues for these ETFs/ETNs. You need to speak with them directly. If you need leverage, you may want to look at options on...

Enter your order in TWS, and check margin impact. As I recall, if you right-click on the order line, you will see the selection. Many short 3X ETFs do have some issues that are unusual, and you can't assume anything without checking the instrument.

Whatever drugs you're on, they're not working for you.

The last signal generated by your 'system' was on 14 February of this year. Since that date, the market has run flat and the VIX has not fallen below 10, and shows no signs of doing so. Thus, your trade is still open. And the OP is going to be making money, how?

But a big enough tail wagging hard enough can indeed wag the dog. To extend the analogy to options pricing, there's a lot more involved than just the underlying. A sharp enough move in the VIX may force big players to adjust their positions, which can and often do involve participation in the...

You may like to think your math is simple, but it is not. You've ignored the effects of inflation in your calculations. A common error in long-term planning.

Helpful advice from a biblical trader: Thou shalt plan thy trade and thou shalt trade thy plan. If thou hast a trade, but hast no plan, thou is but a sheep wandering in the dark forest, alas certain to be sheared.

You are Kim Jong Un. You are being asked by Donald Trump to destroy your nuclear weapons and associated technologies, in exchange for promises of security and assistance in building your economy.