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From Robert W Colby, author of the must have Encylcopedia of Technical Market Indicators...

A new entity can internally elect M2M accounting. But as an individual who has already filed taxes, you have to fill out the IRS change of accounting form since you are a pre-existing entity using, most probably, cash accounting. Or so I've been led to understand.

I didn't realize this, but IB had my address off by a single digit so I'm wondering if they need to resend the substitute 1099.

Sorry, 10603.

Wasn't the previous channel high at 10606? Shouldn't there have been a long above that?

I'll agree with the post in a limited sense. You need simulated papertrading in order to determine that your strategy and edge is truly workable. All starting out traders will bounce between strategies and nifty indicators like wide-eyed children following the bright, bouncing bauble...

YM had three drags on their tailwind. 1) AA posted earnings #. Typical buy rumor, sell news. Nothing new. 2) SBC & AT&T were downgraded to sell.

Now, I've done a cursory inspection into EWT and personally found it wanting. I think maybe his basic theory on creating a basic structure of price movement that incorporates the market participants psychology is sound, but only in the most basic sense and certainly not realistically tradeable...

So? Get rich, ride the trend and when it drops, ride it down. You're an indie trader. A mercenary. You don't care who wins, you don't have an opinion on who's right or wrong. You only care about who's the strongest at any given moment so that you can ride along and reap the benefits...

That's simply circuitous logic. I say it is so therefore it must be? Contrarion logic is overrated not to mention basically unprofitable as a trading system (Robert Colby, Encyclopedia of Technical Market Indicators). Recent, actual legislation not to mention curbs, limits crashes from ever...

Hell, front running happens on the floor. They see a big house coming down on the floor with an order and then they'll start buying in order to sell to the commercial. Sound strategy.

Ah yes, the fundie-based short. Because that's what traders do. Trade off of fundamentals.

That price goes up and it goes down.

Why the hell should it matter? Price goes up, price goes down. Bull market, bear market, wash rinse repeat. If you're really concerned, buy some eurodollar futs to hedge.

I just drink.

Remember, we're talking about active traders here and not investors. A trader is still a trader is still a trader no matter what time zone, time frame, or era. Someone who can make it in the pits of grain futures can make it on the NYSE floor even if he's wearing a 1940s fedora. Floor...

From "The Futures Game: Who Wins, Who Loses, & Why" and the nominees for Best Loser are... [drumroll] The envelope please... and the Best Loser is...

From "The Futures Game: Who Wins, Who Loses, & Why" and the nominees for Best Loser are... [drumroll] The envelope please... and the Best Loser is...

Let him join the club. I want his capital to pad my account.

What practical experience? He was a papertrader using some sort of value based fundamental analysis and running a blog website. FYI, while I don't know the exact date he started, but it mentions the last half-year. Well, the peak in July was $0.39 and its currently at $0.28. Neither youth...