Recent content by tdichiara

Two free real-time simulators for futures: http://www.pfgbest.com/simulated_trading/ http://www.zerolinetrader.com/download/index.html ...and two for stocks: http://www.speedtrader.com/simulator.php http://www.xoomtrade.com/live/en/ns/html/products.htm Pro: No brokerage account...

Hi Preacher: As a fellow (semi-) newbie, a few words of advice: - Don't trade until you've watched the markets (all day) for a minimum of 6 months, read the top 5 trading books (see ET's book section), and browsed a few thousands posts on this site. (DON'T spend money on expensive seminars...

For the record: Although I expressed initial interest in this outfit, I dismissed it due to the high commissions (>$10/trade) -- too high for daytrading, IMO. As for this thread being spam, I don't know. I do know that 'nyc-hotshot' has offered good, vendor-free information on this site in...

Daliddleguy: Could you expand on that a bit? Besides 1) go prop, 2) use an offshore broker, or 3) save my allowance (BTW, IndexTrader: I'm probably twice your age, smartass! ), what else is there? Thanks for your advice, TD

Volente: Noob question... What criteria do you use to choose a single stock to trade: beta? average daily range? If so, there are many stocks with greater beta and ADR numbers, so why did you choose WMT? Also, how often do you re-evaluate your choice to see if it still conforms to your...

daliddleguy: Actually, you could be right -- I may have misread their commission schedule. They say "$7 minimum," which I took to mean "per month". If it's "per trade" then forget it... --TD

daliddleguy: Yeah, I saw that too and was about to right them off but then I noted that they have a "Plan B," which is a standard per share commission -- in this case, 1.5 cents/share (+ ECN fees + something called a "software fee"). That's more than IB and MB Trading (where I'm at now)...

FYI, I emailed them about the 'legality' issue and this was their response: "We do not target US accounts, because we are not registered with the SEC of the US. However we are registered with the SEC of Jamaica. I do not see any reason why you couldn't open an account with Alliance. Because...

Cool idea... I'm a noob trying to build up my account but am stymied by the 25K scam/rule. Questions: 1) is it legal (for US citizens)? 2) how long have they been in business? Very appealing, but like you said, what's the catch? Anybody else out there in ET land use them? Thanks, TD

Just read a fun piece by Alan Farley about 'predatory trading'. As he says: "I earn a living when other people put on their dumb hats, and buy too high or sell too low." It got me to wondering where all the amateurs are these days (ie, exploiting amateurs = $$ !) If ET is any indication, many...

Any pearls of wisdom... anybody? Thanks, TD

A general philosophical question for you all... Right now in 2004, what's the most consistently profitable strategy for day trading breakouts/breakdowns in individual Naz stocks: anticipating, joining, or fading the move? Lately, I've had little luck with the first two and so I've been...

FYI, this site compares 150 commercially available trading systems by tracking the outcome of every recommended trade: http://www.collective2.com/ It's more than a bit suspicious, however, that there are several systems showing 100% accuracy. (BTW, I'm not in any way affiliated with...