Recent content by Axon

I wish @Baron would add a "block user for remainder of thread" so you could hide off topic flame wars without having to block the offenders elsewhere.

At least I got a little piece of the action. What a night, amiright?

This thread is a riot. I can only imagine QQ stumbling on this and laughing his ass off at people here thinking he's fake and trying to roast him over it. Lol (lmao).

A lot of Kahneman's research including many things in the Thinking Fast and Slow book doesn't replicate but to his credit he was very open about the problem.

One of my strategies involves watching the QQQ level 2 like a hawk and scalping 20 cent momentum moves using /NQ. I do it multiple times almost every trading day between 9:35am and 10:30am eastern time with trades that usually last no more than 5 to 10 seconds and the two are so precisely in...

We've gone about 90 days since the nadir of a 5% correction while the average is 67 days. 90 days since 10%, average 291 days. And 352 days since a 20% correction with an average of 823. We're a bit extended but present circumstances are not unprecedented.

You can approximate a same day buy and sell of options that skirts the PDT rule by buying an option and then selling the option at the closest strike price on the chain. For example if you bought the 500 strike SPY call expiring March 15th and you wanted to close it out 2 hours later, rather...

A lot of brokers, e.g. Amp offer low intraday margin requirements on VSTOXX[1], the Euro STOXX 50 volatility index which might be an interesting alternative for you. [1]https://qontigo.com/index/v2tx/

Eventually AI and robotics will reduce the economic value of all human labor and intellectual output to zero, at least asymptotically. That said, I haven't seen evidence indicating we are close to that right now in the trading world. It's the kind of thing that will happen slowly then all at...

If 90%-95% of active traders lose then I want to go where all those losing traders are so I can take their money (I apologize for sounding cynical but it is what it is). All volume isn't created equal and volume isn't the only thing that makes a good tradable stock but without it I'm not interested.

On an intraday 5 minute chart if I see at least 5 green candles in a row with an RSI over 90 and the price starts bumping into resistance on a larger time frame I start thinking about shorting on the next red candle with a stop loss just above the highest green candle. Got a good easy short on...

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The tight stop is placed upon the initial entry. If the trade works, it moves up and soon he raises his stop to the 10 day moving average which isn't nearly as tight as it was initially. He can explain his system a lot better than I can. See pic related and...

Assuming his reputation at face value, I understand he specializes in an entry strategy with extremely tight stops and won't enter a trade otherwise, so even though the amount risked between the entry price and the stop is a small percentage of his account, because the stops are so close, the...