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All depend on what you do, what instrument you trade, frequency of trades, etc, etc. So you have to be specific.

Saw him on PBS's fund raising program, which goes to say how far such scheme can go. Amazing.

Apologies if there's any misunderstanding, and I have no intention to praise or bash Cramer. I meant, how well this strategy will work, trading the picks he stressed by the rules you set. By the end of the year, regardless the return of this strategy, you have done your job as a trader, that's...

It'll be how well you do, given the rules you set. Cramer may fare much better or much worse.

Sweet!

GTC and OrderBlaster, Thanks for the replies. tc

Agree with this. Will worry about making money first.

This RFX thing really brought up the hidden risk that we normally don't think about. As I can see, Roth IRA and regular IRA are same account category, except for the difference in tax consequence at withdraw. Using Roth as example, does IRS allow you to open a 2nd Roth account with...

It's easy to spread out non-IRA accounts with different brokers to keep balance below 100K. But with IRA accounts, this is a real dilemma. Is there a way to spread a Roth IRA account between 2 brokers to keep balance under 100K? Not that I know of, anyway.

isaac and mokwit, Thanks for your replies. I will give suggested "outs" a try. Regards, Taigong

I recently came to Shanghai for the summer and wanted to do some trades here as well. But I found that I cant' access my mkt data source (tradestation) and my IB is incredibly slow. I have latest PC and broadband (ASDL at 100 mbps), and can't figure out why. Is there anyone having similar...

Thanks very much, mercurial!

What language do people speak there? Thanks in advance. taigong

FredBloggs, What you said rings so true. It is hard NOT to enter a trade unless it is on my terms. Thanks for your comment. Cheers, tc tc

Thanks, Scientist, for the explanation. The reason that I asked for your explanation is that I have these conflicting thoughts myself. I tend to trade intraday swings, but, as you know, the line between intraday swing trading and scalping is very thin. Often I start out with a swing plan...

Hi Scientist, Could you explain some of the errors you listed in your log in Trade Management section. For instance, "Let a winning trade turn into a loser"--you planned a 2-point stop on the mini with a 2-3 point target and it went 1 point in your favor, you stuck to your plan and didn't...

Perhaps McMillan expends too many words to be comprehensive, hence the heavy tome, so good to go back to certain sections from time to time. But when it comes to nuances and subtleties as relate to trading options, Naterberg is the best.

actually, ebay is a good place to start out in, to learn supply and demand (and manipulation)

Received 2 e-mail solicitations from him just recently. First on 9/9 with the Subject "How I Plan to Make 49% in 3 1/2 Weeks" and a careful reading of it reveals that it is selling strangles on MSH. Second on 9/15 with the subject "49% in 22 Days Not Looking Good", as his b/e on the upside...

volga, Regarding the fly, high vol will make it cheaper as vol affect strikes closer to the price more than further out or in. I guess I understand that. But again, we were talking about IC, though IC has the same profile except for the wider body, and I was asking about selling IC, to...