Recent content by Triple X

I have not read this entire thread, but I used to trade the ES. I was profitable, but not enough to make a living so I gave it up. My take on this is this: this is too big an instrument to really make heads or tails of it from the DOM. Better to trade this sucker off daily charts, or at...

WORD - Dark pools are just insane. There are some that only huge players like banks and hedgefunds have access to. The stockmarket has become so rigged, it's really a big joke.

This is really all very true, but unfortunately it is kinda "dooms-dayish" Go Google BAXTER - the new $20K robot that is about to unemploy millions of workers. The "left-right dichotomy" you speak of is turning right fast. This world is quickly turning to a "we don't need your ass...

The net effect though is going to change the country, back to the way it was 100 years ago. There will be no need for wills, as most people will die destitute, and leave nothing to their heirs. Social services are all that separate us from third world status. This country was a shitty...

The posts about the fed are spot on: They are only concerned with the banks and the rich people. Social security and medicare will end up like medicaid and welfare. When you have $2000 left, then you qualify

This country is doomed to third world status for a few reasons: Free trade - This country more or less engages in free trade with trading partners that do not. China wants you to partner with their private industry or they make it very difficult to sell in their market. Just try and export...

You guys kill me...I thought traders see things for the reality that is there, not what you want to see... As an older guy that can still pull young chicks, I have to ask.... FOR MOST 40+ YEAR OLD GUYS, WTF DOES A 20 YEAR OLD WANT WITH YOU?? When you were 20, you wanted a 40 year old...

End all the "free" trade agreements before it's too late. Free trade doesn't exist. Anyone old enough to remember the original thesis knows it never included allowing Wall St. capital to flow to the region that made it the most money. Allowing American companies to move their factories to...

Consider this; MAYBE 5% of people trading futures make money, and that includes the banks who make most of it. You stand a better chance with stocks. VERY few people make a living doing either. There is a big difference between making money, and making enough to make a living. Everyone on ET...

I think I can won't cut it. I've read your posts before, you aren't consistently profitable yet either. You talk a good game though.

Yes there are some profitable traders, but every day brings more automation. Less than 1% of people who try to be profitable traders (make a living at it) succeed. If you have a job, keep at it, if you are trying to be a daytrader, then I would say four years is enough.

I use QT/DTN for ES. Funny, had a couple lock ups today & yesterday, but been a month or more since similar problem. DTN does not lag TT feed more than 1/2 second.

What do we export? Commodities. Lumber, corn, wheat, etc. Except for heavy machinery, practically ALL consumer products are made overseas. I defy you to find a TV, stereo, PC, shoes, clothing, made in the USA.

As soon as a company gets big enough, they will seek out the lowest costs of production. That is why free trade (unfettered) makes no sense. Eventually, all the companies leave for China, Vietnam, etc. and sell in the US market. Eventually, we will become third world because of a lack of...

I don't know that I agree with "crash". There are other professionals who are calling for the market to move lower, and stay flat for several years. That's another scenario, just a slow steady decline, of course a violent bottom, but I don't buy this "crash" nonsense. A crash comes from a...