Search results

I agree. Many Asian countries (China included) built their prosperity through their weak-currency driven exports.

India is removing STT (securities transaction tax) and also lowering income tax rates drastically from 2011. http://business.rediff.com/report/2009/aug/12/new-direct-taxes-code-released.htm

True, but the college football athelete contemplating going pro has some solid edge - physical ability, talent, and years of consistent performance etc. How many beginner pro daytraders have an edge in the first place?

ScreenLocal, You are lucky to have such a green and sunny view when most of the world is freezing in winter. Which city/country are you live in?

I had a look at Blackberrys and Nokias last weekend. Accessing the internet is VERY cumbersome on them IMHO, a strain on both eyes and fingers. I found the IPhone easiest to use. Has anyone placed trades using a smartphone? What have your experiences been? Log-in problems, order hang...

Question: Lets say the Big Three go bankrupt. Toyota, Honda will then surely expand their manufacturing base in the US. They employ most/all the workers laid off by the Big Three and produce much better quality vehicles too. What is the problem with that?

gangof4, You seem to be a large size trader. Why dont you keep the direct tel numbers of such "managers with a clue" on your speed-dial? Given the large volumes that you trade, I would think that you will want the most competent response to your situation everytime. I am sure IB or any...

"Attachment is the source of all suffering." - The second of the four noble truths of Buddhism

That is very scary stuff. Classic example of a govt trying to raise tax revenues but actually ends up killing the golden goose.

Why Not a Transaction Tax? http://seekingalpha.com/article/97964-why-not-a-transaction-tax For the record, I do NOT support a transaction tax

Folks, A few days ago on Fast Money, I saw a chart of the Karachi Stock Index which showed what happened when the government of Pakistan imposed a ban on short selling (the index fell a lot further in the subsequent months). Does anyone have that image or a link to it? I want to e-mail it...

OldTrader, Please read my first post re: CVC and its price action on 4Sep. I have seen similar situations many times on the NYSE and AMEX. Lets say that the previous day's range on a stock is between 29 and 30 and closes at 29.50. The next day it opens gap down and opens at 25.00 on...

DD2, Thanks for responding, your post is informative. I infer that you do not use overnight stops. How then would you respond to a situation where your stock gaps up (or down) big time against your position? Would you wait a few minutes to see if the gap is real (and in the process...

Thank you, having a threshold volume/tick filter before the stop executes is a good idea. But nonetheless, I just wish such opening prints were more fluid on the NYSE. An opening gap of 10% which quickly disappears after 2-3 tics just causes mayhem for swing/position traders.

Yes, I am quite certain that CVC's morning activity today was a data error. All the major data providers have the same data for the 9:31 bar so it is not data-provider specific; probably the fault of the exchange. But even it is a data error, would stops underneath have been triggered because...

stevegee, Thank you for posting. I dont have a problem with gaps, it is a part of the business. But it's the fake gaps like the one on CVC today that concern me. The CME busts trades that are outside its permitted price band. Will the NYSE do the same with CVC I wonder...

Folks, I am looking at a chart of CVC. The opening prints at 9:31 AM today had the stock gapping down at 29.00-28.50 compared with yesterday’s close of 31.54 albeit on small volume (500). Then sanity was restored and the stock gapped up and started quoting at 31.45 from 9:32 AM...

This is IB's commission schedule for European stocks: http://individuals.interactivebrokers.com/en/accounts/fees/commission.php?ib_entity=llc Looks like 0.1% commissions are the standard in Europe. UK's stamp duty must be crushing trading activities there.

I have heard that daytrading the European markets is not a viable proposition because of the high commissions and wide spreads. But, does anyone here SWING TRADE European stocks? If so what have your experiences been? Seems to me that many European stocks have sufficient liquidity to be...

Very good guidelines.