Ever wonder why all the student loan outfits went out of business? Why every financial aid office is teaching SCT? Why? Because by trading $20000 for a week, $100000 can be generated, which takes care of the annual tuition/fees/etc for just about any educational program on earth. Jack said so...
If limit down you should hedge with the same or similar product on another exchange or another account, if possible, because when it goes off limit down there is no way to know which way price will go.
Now, mephisto, you know that you got into it with geetrain in a certain thread, then apologized for your activites. If it hadn't been for your actions and the contagion (your word) that they brought to Spyder's thread, Spyder & Jack would still be revered. Now, here we are, with a new Guru.
What a tragedy. Jack went down just a day or two ago, only to be followed by Spyder today. There goes the wife, the kids, the townhouse, the dog, the Ferrari, the ipod, ...
Will there be a period of mourning? Flags at half staff?
:( We really need a guru. We've had some, but they've been taking a beating lately and don't look like they'll survive. Are you sure you want to be a guru at ET?
ABC, I believe it's true that it hardly matters whether you go long or short or when you do so. What matters is whether you've got the patience to wait for the trade to become profitable. Patience is augmented by capital, of course. Some short term traders get into trouble because they don't...