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Johnny Cash sang it best in "I Walk the Line" Isn't that what we as traders do? Long or Short :) Short or Long and the beat goes on

No agenda - Just saw previous post. I have virtually the same system. Works for me except I do need to add another monitor.

I trade remote with Echo and have done so for the past year. I've been very satisfied with the use and execution of the Sterling Pro platform. It's been very reliable and I can't remember a time system was down. Most of the time any problems have been with the ECN's especially ARCA but don't get...

I agree with you on the big cap stocks both NYSE and NASDAQ, so I've started experimenting with others that are not in the limelight as much and had a fair amount of success. Sometimes I go with a stock of the day and because of the very heavy volume the entries/exits are manageable such as NVDA...

I experience the same thing, in fact I got into NVDA myself after hours yesterday at 17.32; it had closed at 16.06. I took my profits at the first sign of a stall shortly after the open at 18.84 and then watched it go up and up etc. Later in the day I saw a story on Briefing.com that NVDA had a...

Or maybe Dubya just wanted to know "Jim, am I diversified?" :D

Kudos on the call; I had a nice profit today as well. I do feel with the war winding down, Mr. Bush is now concentrating on the economy and his tax package. I got a kick out of Jim Cramer gushing on CNBC today as being one of nine invited to the White House today to talk about the market and the...

To all, I stand corrected! Range, thanks for the IRS website reference. No, I will not be preparing traders' tax returns but excuse me while I go wipe the egg off my face.

Let me clarify. I am presuming the retail trader is treating his trading activities as a business, classified as a sole proprietor and such is filing schedule C and is filing a profit or loss from the business and deducting business expenses such as computer, software, educational workshops...

Don is correct. Retail traders are required to pay FICA. Proprietary traders are usually class B members of a Limited Liability Company, classified under the IRS Code as daytraders and exempt from FICA.

One of my trading accounts is a cash only account within an IRA with less than $25K and traded thru IB. No you can't go short and yes you have to wait 3 days for settling before having access to funds so after trading this account for 2 years I have found you really need to pick your spots. Most...

There's a very old saying on Wall Street that "once a stock hits $90. then it will go right to $100." We shall see.

I agree with several of the previous posts. Instead of trying this, you might as well donate your dollars to your favorite charity especially if you're trading SPY on intra-day scalps. Also beware of using ARCA at all; see archived thread on ARCA execution.

Ditto, trade with Echo who said they are supposed to be mailed end of March.

I knew someone was going to catch me on that; tried to edit post to show "new" moon, but didn't get to it in time. By the way yes I admit I have in my early days of trading been long when I wanted to be short or vice-versa. Learned that lesson pretty quick. Thanks for the heads up. :)

Tried cattle but also couldn't get over the hump so switched to camels. :D

Jay, thanks for the info.

I've never traded the E-mini's and really know very little about them. For those who do trade them regularly what minimum account size do you suggest and what trading platform are you using?

This weekend was bandied about to go in: darkness of full moon offering cover. Take note Dan Rather didn't hang around long. Once the troops are in Turkey, look for inspectors to book. General Tommy Franks arrived in Central Command yesterday and over 100K troops are already in Kuwait.

Interesting commentary, but theoretical to a degree. Let's get more specific if we could. Look at Autonation, symbol AN, for 2/21. This stock is being added to S@P 500 announced on 2/19 but no date given for the addition. It is replacing Rational Software. Funds and institutions started buying...