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  1. stevegee58

    The BEST Indicator to tell whether an Option is OVERPRICED is...

    "Too low" and "too high" are subjective conclusions based on your own prognosis. IV is the only variable that goes into the option pricing formula that's set by the market. The other variables such as interest rate, dividend, the stock's current price, etc are a priori values. If the...
  2. stevegee58

    The BEST Indicator to tell whether an Option is OVERPRICED is...

    Is this a pop quiz, or are you seeking information?
  3. stevegee58

    Why is it such a hassle to get a demo of ButtonTrader?

    When I registered my demo a few week back, I used my gmail account and it went through just fine.
  4. stevegee58

    Trading For Living - S&P 500 Market.

    I *think* I'm using 24 hours. I'm using QuoteTracker; I'll have to investigate where this is set. I'm using vanilla pivots.
  5. stevegee58

    Trading For Living - S&P 500 Market.

    Based on what I've read so far in the thread, I woulda been looking to go short at around 1225.25. Bearish A/D and 4 points below the open of the 9:35 bar. Currently bouncing off S1 at around 1222.
  6. stevegee58

    **use Google Chrome**

    I think GOOG is the best thing since sliced bread, but I'm not using Chrome until they change that horrible TOS agreement.
  7. stevegee58

    MArket meltdown and so little posting activity here...Blown up?

    You can be a day trader without being a scalper. I look to catch a good trend during the day and close out before market close. The trick is finding those trending days and avoiding chop (for my style).
  8. stevegee58

    MArket meltdown and so little posting activity here...Blown up?

    The amount of money pouring into our accounts is overwhelming and renders us speechless. :cool:
  9. stevegee58

    How can stops be protected against fake gaps ?

    How can you tell a gap is fake or real? Is that implying that some of the ticks were basically data errors and not actual trades?
  10. stevegee58

    Trading For Living - S&P 500 Market.

    Dood, negative vibes are what this place is all about. :cool:
  11. stevegee58

    How can stops be protected against fake gaps ?

    Don't trade stocks, trade options. If you hold a stock overnight, your biggest risk is a gap against you. If you'd bought a call instead, your max risk is your net debit. Gaps against you can't exceed your initial net debit.
  12. stevegee58

    IB time and sales

    What do you mean by "stream"? If you're asking if IB's Time and Sale data is real tick data, the answer is no.
  13. stevegee58

    Very revealing chat with my broker

    Haha, I guess he answered your question. Didn't you really suspect this all along anyway?
  14. stevegee58

    big transactions in e-minis

    Sounds like the algorithm needs to be made adaptable. i.e. don't set fixed limits This could easily be done using MAs or something. If a single tick hits that's greater than, say, 2X the average, *then* trigger. Let the user set the multiplier and MA period, rather than an absolute level.
  15. stevegee58

    Is Tarding a game of skill

    Yes, tarding does require skill. Try to pass the tarding test:
  16. stevegee58

    Trading For Living - S&P 500 Market.

    Hey vertigo, I actually implemented your proposed formula in my own real-time app and I do find it useful. As far as calibrating this against what the OP is looking at, I'm still scratching my head. My peak readings yesterday just after market open were in the 5600 range. The corresponding...
  17. stevegee58

    Competition for worst trading damage picture

    That's how I looked for nearly a week after losing $10,000
  18. stevegee58

    lowtrades / Just2trade - PDT rule etc

    I coulda sworn I suggested 2 partnership firms to you in this thread: http://www.elitetrader.com/vb/showthread.php?s=&threadid=130801 There are (expensive) ways around the PDT rules. Just get more money.
  19. stevegee58

    How do I get rid of all these anti-virus pop-ups?

    Sorry being a latecomer to this thread, but I have to come to the defense of Spybot S&D. I'm not sure what you mean about their database not being updated. I religiously do the update every week for this app and it's being actively maintained. I can't say one way or the other about...
  20. stevegee58

    How to short Manhattan real estate?

    Why do people keep asking this? YOU CAN'T SHORT REAL ESTATE.
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