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  1. stevegee58

    Urgent Message From Rennick

    It's all good, baby.
  2. stevegee58

    A truly riskless system?

    Being a bastard seems to be a crucial core competency around here. :cool:
  3. stevegee58

    Problem - Not losing now, but profit is happening too slowly

    Ever stop to think that maybe your rate of profitability is a sustainable and reasonable one? It's much easier to lose money and as a result it's lost more quickly than it's made.
  4. stevegee58

    I think it's over for Apple, what do you think?

    Apple can do no wrong; they're true innovators in an ocean of mediocrity and weak imitators.
  5. stevegee58

    KOSPI 200 Futures - Traders

    To the ignore list with you!
  6. stevegee58

    Has anybody tried Neural Networks? Does it work?

    Exactly what I said before. You have to put some bounds on what you're measuring. For instance there have been statistical studies of candlestick patterns. It would be straightforward to train a NN to find which 1-, 2-, 3- etc candlestick patterns are predictive. For instance certain...
  7. stevegee58

    Has anybody tried Neural Networks? Does it work?

    I disagree. It's no more a waste of time than any other tool. The key to successfully applying NN techniques (or any other) is to first find an approach that has a statistical edge already. NNs are a potentially convenient way to tell when conditions line up to give an edge. They're also...
  8. stevegee58

    Favorite Single Malt

    What's everyone's favorite single malt scotch? I inherited a bottle of really nice Oban when my dad passed away in 2003 and it got me hooked on the stuff. My wife got me Michael Jackson's book (no, not that Michael Jackson) on single malt scotches for my birthday recently. Now I'm really...
  9. stevegee58

    Financial Transaction Tax

    You just found out about this? Every swingin dick at ET has had their panties in a bunch for months over this.
  10. stevegee58

    What is happening to men?

    Hey wait a minute I know shit!
  11. stevegee58

    Incorporate as a small trader

    Incorporating is just an exercise in mental masturbation until you're trading profitably. That said, an acquaintance incorporated in Nevada which he said was a really good tax deal, much better than incorporating in our home state of Maryland.
  12. stevegee58

    Day trading article on nytimes.com

    So far options is the only way I've found to really make any money at all.
  13. stevegee58

    Day trading article on nytimes.com

    Funny you mentioned dentistry. dentist007 only drills part time now and trades mostly. It's a matter of what you really like. I'm an engineer and make good money in my day job. Why would I want to give that up and trade full time? Because being a corporate drone effing sucks, that's why.
  14. stevegee58

    Any NYC female traders here?

    Sure baby, whatcha wearin'?
  15. stevegee58

    Learning to read Price Action with P&F Charting

    Dentist, are they printing out the current signal on the chart as well like stockcharts.com does?
  16. stevegee58

    Learning to read Price Action with P&F Charting

    I've tried many charting programs for real time charts that display p&f charts. I haven't seen a charting program that shows p&f patterns in real time. Sounds like an opportunity for a software guy to provide a day trading p&f chart with continuously updating signals. :cool: QuoteTracker...
  17. stevegee58

    I sold Deep deep deep in the money puts

    K, let's see. LLY is at $36.61 right now. The 40 Put Jan 2012 is 7.90/8.05. So the intrinsic value is $3.39 and you collected a premium of about $4.61. Not to bad, but the theta on an option that far is is about 0. When were you hoping to get assigned? It's not gonna be for at least 18...
  18. stevegee58

    I sold Deep deep deep in the money puts

    There are easier, more reliable ways to make money with option trading than that.
  19. stevegee58

    If you never went to college, what's the best job to have now?

    When you can get work. Independent plumbing and electrical contractors go through huge ups and downs in business volume. When work's available, you work 80 hours a week knowing you'll inevitably go through drought periods for weeks or months at a time. Or even potentially years at a time like...
  20. stevegee58

    Can you share your experience of being exercised?

    What he said. Plus I didn't *want* to get assigned. I wanted SPY to close below my short strike. It eventually did but it would have been less complicated if I hadn't been assigned.
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