Recent content by TexTrader

9 Trillion in overnight loans is on an average equal to $30B a day for 300 days. The headline number is totally misleading especially when taken out of context. Based on this type of overnight loan calculation, my 30 year 200K mortgage loan is really something like a $2 Billion+ The media...

I think Obama is right on this one. A tax loophole allows private equity and hedge fund managers to get taxed at the long term cap gains of 15% for the incentive fee they earn on long term investments. This makes no sense, because the hedge fund manager did not risk his own capital like the...

I haven't tried it yet myself. If you look at their programming guide the programs are the same as the TV channel, so looks like they are just feeding the audio from the TV broadcast. They also have an internet only broadcast for 7.99/month for all the channels...

Another option you can use is XM satellite radio. CNBC, Bloomberg and a lot of other news channels are available. It costs 9.99/month for the news and sports package.

This is a question for traders who have been trading full time for a couple years. I would like to get info on the following questions. On an yearly basis -What % of trades are profitable -Average Win/Loss ratio -Year to Year variation in the above metrics. -Style of trading(swing, day...

The way I decide to employ certain styles is based on the feel of the tape. After the first hour of trading if I see the volume is just not there and the session is very lackluster I will go to small point strategies. I also follow the eco news and individual stock news a lot to gather if a...

Can you clarify that more, the ask does not have to move down. I would say on days where I play for smaller points 30-40% of my trades have been hit at the bid without the ask moving because there are more traders behind me at the bid. Very few times I have been pretty lucky that there are...

You have BID ASK 1142.5 1143 If the Scalper gets filled at 1142.5, To loose 1 point the price has to move 2 bands lower 1142 1142.5 1141.5 1142 To gain 1 point the price has to move 2 bands higher 1143 1143.5 1143.5 1144. It is equal probability.

Pete, I think you did not get my point. Using tripacks example, say the bid is 1142.5 and ask is 1143, if the scalper only takes the trade if he gets filled at 1142.5 the trade has to move only 2 ticks for him to get a 1 point profit. The person who plays for 10 points will generally hit the...

Hi Pete and Tripack, The problem with the probability calculation is that the parameters of spread and commish vary very much with T. Even a beginner scalper knows he has to make the spread rather than it work against him. Also by the very nature of his scalping strategy a scalper will...

stockcharts.com has it.

I want a chart which plots the new 52 week highs every day. So for example today there were 132 new highs in NYSE. So todays entry would be 132 (data from breifing). Same with the lows. I could do this by putting this in excel everyday and plotting it but that is a pain.

As mahraja said use mental stops. I think setting hard stops will make you get out of a lot of good trades and most of the times u will have better prices to exit even if you were wrong. But still use hard stops further away. When you enter a trade predetermine a price where you think you...

I am trying to get a chart of 52 week new highs and lows. I have access to e-signal and tc2000. In tc2000 I have found couple of high/low ratios but no chart of just purely new highs or new lows.