Recent content by PhiliC

they come around one every 400 years or so -- Issac Newton, Einstein of course this guy. Who knew... Please keep us posted on what the market will do, where to catch the major turns. thanks...

you must own OEX puts or be short......been there done that. guess you didn't know it -- the stock market is the devil.

Alot of the advice is very old school and some of it applies to when I started in the late 80s. I hardly trade at all anymore. The world is very very different now. The exchanges motives are more questionable today -- that wasn't the case say 10 years ago. I saw some Marty scwartz post about...

I've actually been trading like this for two years. I stumbled upon the method several years ago and its taken a while to work out the kinks. Still working them out. But I'm getting there. In my opinion, its the safest method. And it works most of the time when executed correctly. But it is a...

I think the folks who talk about strictly price action with out all the gadgets are on the right track. Try to learn how to pick your spots and be fast. In your case - probably good idea to take a break for a while. As for there being an interest in mentoring -- its something I've been...

It can be done, but there are a few caveats to it. The gentleman who started the post thinks you get filled immediately - doesn't work that way as someone else mentioned. Forget the sim - that's not reality.

I've been checking out some of those Live Trading Rooms of late -- what a joke. I never actually sat in one...but they all seem to preach the same nonsense with their charts. Do any of them provide trading statements to verify their performance. I've been thinking about this of late and...

Great point.. very true. Nevertheless day trading isn't a conventional business. It's nothing more than the biz of making tons of bets on the immediate future.

Interesting thread. Hood makes a lot of good points. I agree w/ him for the most part. Day trading stocks is brutal..Its pure speculation and when those algo machines get a hold of a stock forget it. Most so called day traders are indeed fooling themselves because it is gambling. I've been in...

I don't trade the 10 year and I really don't spec much. If I do spec it's in the FV (and not often). So I'm talking about the 30 yr primarily. I don't think its the past 6mos. It seems that it got worse after memorial day. When the markets get fast, you can still get in and out , but the...

Anyone notice the character of the Bond futures have changed dramatically the past few weeks. 1) those machines just bid, bid and bid -- one way street. 2) Used to B much more liquid at B/A -- very hard getting in and out. Once in can't get out. 3) they are pinning the market when the bids get...

I've been doing this a long time. Don't waste your time. If you apply TA to the bond futures you will get killed. Take that $, and invest it. Don't touch it for 40 years. You'll B way better off. Trust me.

Great call on jimmy johnson -- what a low life. This guy is the ultimate whore. He also does Extenze --

The big problem w/ these sort of operations is that it's just a bad business model. It's not like making hamburgers and running a real biz. trading is closer to playing poker for a living than having a steady job.. It's a roller coaster w/ bad patches. Very draining emotionally especially for...