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"The only thing we have to fear, is fear itself." FDR said that in 1933. Think about that statement. There is a lot of truth there. You can't escape fear. It will always be with you in a trading environment, and to some extent in any environment in which you can't control or predict...

No need to read more than this paragraph to determine the stupidity of this bill. Even assuming that billions are collected from a tax - which itself is a long stretch of imagination - then we would need to take a leap into real science fiction and imagine that monies would be intelligently...

Wouldn't have sold naked options in anything!

Check out InvestorRT at www.linnsoft.com. You can reach them at support@linnsoft.com to verify that they still support options data/backtesting. Good software with good support.

In L.A., stripper and escort are more realistic, and profitable, career goals.

There are 20 "models" and "dancers" on every street corner in L.A. I'd be more interested if she was a secretary from Omaha.

+20 IB needs to move away from the 100 symbol limit. Even if an advisor account was given 500 symbols for free, or at low cost to cover exchange fees, it would benefit the company by generating additional customer trading fees.

God help you if you are taking guidance from Jack Hershey. (Although I'm laying odds that you ARE Jack talking to himself.) If you can't explain your own trading approach or system in 30 words or less, you are on the wrong track. Complexity is your enemy.

As most options strategies are in some form a directional bet on the underlying, yes, it helps to have a successful background in trading equities. If, as you say, you are not making money now trading stocks, then you'll be likely to accelerate your losses in options as you encounter spreads...

Your biggest concern at your age should be lost opportunities if you pursue trading and it does not pay off. Which is very likely. What are you going to do at 30 with a big hole in your resume and in your account? Think about that seriously.

It depends on the instrument(s) you are trading. If you are backtesting a portolio of stocks, EOD data can often be suspect in terms of daily highs/lows. What you see on a daily bar may have been logged by a data provider, but could not have been actually traded. Going to intraday data can...

LOL. You care not where the stock is trading, but do care where it might trade in the future? Nothing like a bipolar options trader. If you trade half as well as you write B.S., you are pretty damned successful.

Is there really any difference between how the depositors are getting screwed and how we got screwed in the Wall Street bailouts of major financial institutions? No, no difference. It is only a matter of semantics. Screwed is screwed. At least in the case of Cyprus they are...

Seems that your focus in this discussion is entirely on returns. That can be a deadly error. If you are regularly selling puts, I strongly suggest that you shift your focus to potential losses and you'll live longer.

Expecting to receive annualized returns on short puts? A recipe for disaster. For anyone, but most especially for an inexperienced trader who doesn't know what he doesn't know. Until it's too late. This market environment, with a rising tide lifting all boats, is the one most dangerous...

The premium is not worth the risk you are taking in the underlying tanking under you. That is true in any market, but especially now with the VIX at such low levels, and the market at new highs.

"Hope Springs Eternal". And backtesting is the engine of hope.

But will they give you a toaster for opening an account? Ah...them were the days.

From the above: "While the U.S. will study the proposal, it doesn’t support the European financial transactions tax, according to a U.S. Treasury Department spokeswoman who asked to not be named. The tax would harm U.S. investors who bought affected securities, a concern that Treasury...

As one who shorts frequently, my heart goes out to you. But your post underlines how important it is when shorting to stay away from anything in the spotlight. And HLF sure has been in the spotlight. Thanks for posting your pain.