Gotta love ZERO RISK in the SP500 = $$$

S$P up 5 days in a row a feat that has not happened since December of 2014!!!!!!

Now I keep hearing how the markets are building up against resistance and that its time to take profit...after reading some articles and thinking about it I'm actually thinking the markets break to the upside...with so many thinking a sell off is near because every time the indexes get to this point they sell off I'm going in the other direction and saying the S$P should easily rally to 2000+ and maybe even move alot higher....however I'm still sitting with my prediction of the markets revisiting August 24 lows...keep in mind earnings season is coming up so its going to make for interesting market moves...
 
S2007S said:
Time to switch brokers again, I have noticed I am trading way too much in an account I thought I would deb trading 1-3 times a week in, Im now trading 1-4 times a day.....
Cost of each trade is $6, $12 round trip...sometimes more if Im trading a stock under $1.00

So today Im close to $30 in commission on 4 trades, now 10 years ago that was considered very very good, $30 was cheap, but the other broker I have, those same trades which cost me around $30 would have only cost me around $14-$15. Nearly 1/2 of what it cost me today in my other account, Time to switch and start saving hundreds and hundreds of dollars a year, maybe a month at the rate I'm trading at now!!!!
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When i started trading many years ago, stockbrokers here in London charged me 1% of the trade order, subject to a minimum of £20 ($30) plus 0.5% stamp duty (this still exists) and another 1% to close the position. Something similar for options. Insane.

When i started trading on the floor of the exchange, i couldn't believe the tiny costs...something like £1 or less per future or option (all in).
 
S2007S said:
S$P up 5 days in a row a feat that has not happened since December of 2014!!!!!!

Now I keep hearing how the markets are building up against resistance and that its time to take profit...after reading some articles and thinking about it I'm actually thinking the markets break to the upside...with so many thinking a sell off is near because every time the indexes get to this point they sell off I'm going in the other direction and saying the S$P should easily rally to 2000+ and maybe even move alot higher....however I'm still sitting with my prediction of the markets revisiting August 24 lows...keep in mind earnings season is coming up so its going to make for interesting market moves...
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The market doesn't breakout even if SPX goes to 2000, the intraday high on Sept 17 was 2021.
 
Visaria said:
2021...which is only a couple of percent away
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Thats 34 points from today's close, which isn't insignificant from a swing trader's perspective.

A good entry is everything in trading, because without a good entry, there can be no good stop loss.
 
SPX latest.png


Resistance: 1999,2017,2020
ps: when you guys talk about the 90s, i remember a guy called Roy Bloomberg who was the market analyst at NBC (before it turned to CNBC), i also remember i had no computer back then, all i had was graphic paper, a ruler, a pencil, the WSJ and a calculator to plot the price filters (moving averages). Orders were given by phone and you kinda knew everything about your broker, his family, his kids. Different world today. All good for me.
 
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