Recent content by tschmidt1234

I've been seeing a lot of openings for credit analyst positions...

You could always blow up your first account and let the psychological havoc that ensues condition you to only trade when your set up is almost perfect... not that I would know about that ;-) An example of what I would consider an "almost perfect" set-up would be directional bias based on...

I'm just waiting for a taxi driver to enlighten me of the definition of this wacky trading strategy called "short-selling..."

Vastly off topic post here, but... Are any of you guys who are short and advocating massive short positions concerned that if the market sells off and becomes illiquid that will extinct day traders? Of course I suppose if everybody runs away from stocks they will move into stuff like gold...

I'll be watching index futures and usd/yen early tomorrow morning. there's gotta be a dead cat bounce scalp in here sometime...

ahem, "lost decade" anyone? I dunno how confident you can feel about an economy that consistently posts sub 1.0% QoQ gdp growth.

thanks for the answers!

thanks for the non-answer.

Quick question for anyone that has experience with or knowledge of trading single stock futures (http://www.onechicago.com/). Do these trade 24 hours at all, and if so is it possible to trade them directly after earnings reports while the stock market is closed? Basically I'm asking if you can...

cool, so how does it work? does it indicate overbought/oversold conditions? if so, are there absolute values like 30/70 on the RSI?

rearden, Thanks for the link. I haven't really tried to wrap my head around the math yet but it looks interesting. This is off topic but I'm just curious, as this was something I was trying to research before, do you know anything about time series analysis of financial markets...

I never said financial markets were random in any way. There is a perfectly sensible rationale to how they work, but basically I think it takes some kind of serious "edge" to accurately predict their movements, be that inside information, some kind of incredibly wicked news/data feed, or maybe a...

Trading is not a real occupation. Staring at a screen and guessing which way the market is going to move is gambling, pure and simple. When people say you need an "edge," I usually think they are either lying, in a state of euphoria after a lucky win, or have some kind of inside information. I...

To me its a question of relative economic contraction. If the smaller economies in the eurozone start tanking faster than the U.S. (my bet is they will), I think the dollar will make a run for 1.50. If the contraction in the US doesn't slow down soon, we will be stuck in a range until the...