Short term trades are taxed at your ordinary income tax rate. Long term capital gains are taxed at 15%.
My biggest concern is when they manipulate the data. They can always revise it down at the next report like they have been doing. This is why most...
At 8:30 AM: Nonfarm payrolls, unemployment rate, hourly earnings, and average workweek. Nonfarm Payrolls will be the most important in my...
Good job on a choppy day. If you recognized that it would be an inside day and faded the extremes, you are in good shape. Now you need to...
With 5K I think you could trade YM. ES and ER2 you need 10 grand. The current volatility is just too big to be able to successfully weather the...
What strategy? Come on, you can't be rigid in the markets. Every day is a new day. If traders could just build a simple strategy and extract money...
You've got to watch ES, NQ, YM, and ER2. ER2 is the main contract used to arb. You can sometimes see the spread traders leaning on the ER2 to get...
Ouch!!, getting squeezed
I don't use this one myself, but it's free. http://www.optionsxpress.com/quote_option_chain.asp?SYMBOL=dia&PAGE=V You also want to find...
Gold is only a world is coming to an end trade. That is over now since the Federal reserve cronies basically gave their balance sheet to bail out...
AMEN!
There's many things that affect an option's value. The delta is the hedge ratio which basically means the percentage the option will move compared...
That is not the news that caused the rally. It was the oversubscription to the preferred issued by LEH overnight.
You traded 79 contracts today? Today was an uptrend all freaking day. These are the bread and butter days. You have got to be able to capture a...
I am so glad I never went with IB. I have read post after post about their crappy service of data and customer support for years.
Good luck trading in the summer. Typically volume drops off so much, most pros take the summer off. 2007 was a unique situation because the uptick...
This is nothing new, the PPT has been around since the crash of 1929. Jpmorgan being instructed to put in bids in every major stock in the Dow...
This post origninating from the guy who called Obama a "baboon". I understand some people are fearful the world is coming to an end, but realize...
You have a great attitude. I agree that the key to this game is keeping oneself from a gambling mentality by keeping a very strict structure and...
Sounds like you have too much size. Tone it down a bit so you can handle the noise in the market to stick with your premise.
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