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  1. stevegee58

    Scaling into a position - any suggestions on how to manage the downside?

    I understand what you're saying by building up a "full size" position in increments as price moves against you in a small zone. The problem is that you'll occasionally be hit with a full size stop-out anyway. Also, you'll occasionally have a 1/10 position take off in the right direction. This...
  2. stevegee58

    Getting fat and the kids are driving me crazy

    I'm what I call a 90% vegetarian. I'm Italian so I still need my occasional *real* meatball every so often. I really shouldn't whine about gaining weight anyway. My weight's crept up 5 pounds from my low after losing 20 lbs.
  3. stevegee58

    Google privacy violation

    Frank Zappa said it best: You will obey me while I lead you And eat the garbage that I feed you Until the day that we don't need you Don't got for help...no one will heed you Your mind is totally controlled It has been stuffed into my mold And you will do as you are told Until the...
  4. stevegee58

    Learning to read Price Action with P&F Charting

    SPY *is* at resistance, but if it does a double top breakout there's a series of higher lows to support the case for a short term rally. Next resistance would be 110.7, giving about a 1:1 trade.
  5. stevegee58

    Scaling into a position - any suggestions on how to manage the downside?

    The way I've seen reverse scaling and the way I do it is pyramiding. A pyramid gets smaller as you go up, yes? Say the initial size is X. The next levels up would be some fraction of X, not a multiple of it. I also trail stops on each level independently, reducing risk as it progresses.
  6. stevegee58

    Scaling into a position - any suggestions on how to manage the downside?

    Scaling in, averaging in, averaging down: it's all the same. Adding to a loser. Reverse scaling is adding to a winner as price continues in your direction. Don't scale into pullbacks. Wait for the pullback and enter there with a tighter stop. If it doesn't pull back and you get left...
  7. stevegee58

    Scaling into a position - any suggestions on how to manage the downside?

    With all due respect I have to advise against scaling in. I realize that it improves your hit rate and others claim to do it successfully. Philosophically you're adding to a losing position when scaling in. Reverse scaling has a better mathematical basis. i.e. adding to a winning position...
  8. stevegee58

    Getting fat and the kids are driving me crazy

    OK, I wasn't totally clear. That's only part of it.
  9. stevegee58

    Getting fat and the kids are driving me crazy

    One of my dreams and the whole reason I'm learning about trading is to be independent of a day job. The thought of no more commuting, no more corporate BS is very enticing. After being stranded at home for almost a week now due to the two mid-Atlantic blizzards I'm starting to wonder. Yes...
  10. stevegee58

    Missed Opportunity on Health Care

    The "missed opportunity" on health care didn't just happen recently; it was back in the 90's under Clinton when we were running surpluses instead of deficits. They put that miserable woman Hillary in charge.
  11. stevegee58

    Paying the spread on Interactive Brokers

    In the options world you'd never do market orders except as an emergency exit. I always enter and exit on limit orders.
  12. stevegee58

    Paying the spread on Interactive Brokers

    I'm only really familiar with fills from TOS and IB. I'm with IB and I have friends with TOS. We've compared notes on the same trades and seen similar fill experiences at least on these 2 platforms. This isn't just for single option fills but fills on complex (3 and 4 leg) spreads as well...
  13. stevegee58

    Paying the spread on Interactive Brokers

    Is this live trading (i.e. real money) or paper? Paper trading at TOS fills you almost instantly where ever you put the order between the bid/ask. It's unrealistic to expect this in live trading. My live trading orders frequently take hours to fill.
  14. stevegee58

    Paying the spread on Interactive Brokers

    I'm usually filled 1/2 way between. Worst case it's usually at about 1/3.
  15. stevegee58

    Encrypting files

    Dammit. Nothing like getting trolled on a Sunday afternoon.
  16. stevegee58

    Encrypting files

    Decrypt the challenge file.
  17. stevegee58

    Encrypting files

    Kana is sufficiently uncivil that I'm considering putting him on ignore. But I'll give him 2.5-3 days to decrypt my challenge file first. :D
  18. stevegee58

    Encrypting files

    Don't try buttering me up to make me go away. Crack that truecrypt file and I'll declare you "da man" in this thread.
  19. stevegee58

    Encrypting files

    Truecrypt is open source, therefore all its algorithms are available for review and criticism. PGP is probably good but how can you audit it to make sure there's not a back door programmed in?
  20. stevegee58

    Encrypting files

    LOL. Pwned.
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