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By the time it lets you know what it wants to do, it has usually done it. It takes good systems and brass balls to trade at or near the open, but that's where there's a lot of money to be made.

Overall very good platform. In 2007 I passed them hundreds of equity trades via API, and I can't recall a single problem with connectivity or fills. Any errors were human. Mine. :mad: Let's hope for continued volatility and profitablity in 2008. :p

Very simply have him prepare and sign a note that (1) He is authorizing you to have access to his account, (2) Under no circumstances will he hold you responsible for the trades placed in his account, because they are being done in accordance with his trading rules and requests, (3) Any order...

Commissions? Based on what? I assume you meant to say based on profitability as a trader. If that is the case, then don't expect to generate a living unless you are exceptionally talented/lucky and have an unsually good mentor. While anything is possible, the odds are strongly against...

Great. What was the record loss for a day?

That makes sense. Women traders and women drivers, always asking for directions. :p

Profiting with directional bets on volatility is extremely difficult as there are so many things working against you. More study on your part will reveal them to you. While theoretically the strategies are interesting (especially to those who are new to options), in reality you will find...

Are you consistently profitable in trading equities? If not, then options are not for you. They will simply accelerate your losses, as will any leveraged derivative of equities.

The problem with you is, YOU don't understand what the issues are, and you aren't reading what folks here are telling you. More specifically, your work is worthless without a verifiable real time trading record. There are many reasons for this. - Forex data for backtesting is notoriously...

You were lucky. I started in a log cabin and had to walk five miles in the snow to place a trade with my broker. And I didn't have any shoes.

Really hate to bust your bubble, but a backtested system is worthless without a verifiable record of real time results. If backtesting had monetary value to investors, this site would be overflowing with very wealthy traders. Trade your system for a year, and if your results are as you...

You need to ask yourself, "What is the larger trend?" Going long with the above, if the larger trend in the stock AND the market is down, you are going to be in trouble. This would likely be more of a shorting opportunity. This is why any MA system on its own is headed for failure without...

Baloney. Not true at all. Has nothing to do with daytrading.

Yikes! That's a scary story. Thanks for sharing.

Maximum loss on a short is infinite, if the trader is infinitely stupid. 90% of my profits since September have come from shorts.

As expected, the Wall Street Journal now being jammed with ads as per Murdoch. New masthead coming for 2008: McJournal Does Murdoch really think his readers are going to enjoy paying $300+ annual subscription fees while having to wade through a bunch of crap to read the news? Not this one.

There is no better book on tape reading, and none better on short term trading in general. If you make particular note of the information on buying capitulation and selling euphoria - and put it into practice - this is all you will need to be a successful trader.

Investor RT at www.linnsoft.com is much more efficient, and a lot easier to use when backtesting a portolio and trading in real time. You can lease it monthly, and you'll need a data provider to download the daily and intraday data that you'll need. The problem with TS is that it was...

Pacific time is very tough, and I have the same problem of early waking about 4:30 AM when Arizona is on Pacific Time. But nobody I know ever said that you must get all your sleep at one time, and in fact research has shown that an afternoon nap can be very benefitial to overall health. So...

My experience with MOC orders has not been good at all. A market order at the close, just as a market order right at the open, can be caught in rapid price movements that open the spreads and fill you at less than desirable levels. MOC really just puts you at the mercy of the market...