Recent content by whitster

Hello, First and foremost I believe in reducing costs. Heck, when I started out buying mutual funds (20 yrs ago), I listened to my frugal grandfather's advice and went with Vanguard. I have used Linnsoft's MP program and it is excellent. However, I simply refuse to continue to pay monthly...

even in realtime, IB aggregates their tick data, such that it is not true tick by tick . it's agg'd on the time/sales if you watch and compare it to data from TS or Esignal. i use IB as a broker, but just be aware of that caveat. fine for most timeframes, but could be problematic for some...

i strongly recommend those who want to try index futures first try their hand at the etf's. if you can be profitable trading 100 lots of DIA, you can be profitable with futures. it offers a way to use the same setups, but much smaller size/leverage. also, fills on DIA are inferior. so...

"Works for me when I'm coming from 100% cash and buy little snippets here and there (up to a very small percentage of capital)." it can and will. especialyl if you are relatively intelligent about your entries. im not saying you can't scale in and scale out i am saying that "no stops" is...

"If you think about it. We are now in the least favorable season for long side trading. Plus we have an election, I’m certain the election is causing this directionless market." #1 it's not "directionless". that sounds like a frustrated 'trend' type trader who doesn't know how to trade a...

aaron, on in intraday basis, my main vehicle is the YM i trade stocks (and invest in them for the longterm - 20yrs +), but for intraday trades it's mostly YM, and some sector ETF's

no stops is NEVER a good trading style imo, but we've had THAT debate before. if you can't develop positive expectancy setups that incorporate a stop, then you really don't know what you are doing and are just martindale'ing whether you realize it or not. adding on losing trade and selling as...

grind? spare me. imo, this is a great trading market. *if* you have methodologies that work in this kind of market. if your trading is limited to ONLY being able to trade one character of market, then yes it sucks. but there is immense profit potential out there in the dow if you have...

"With limit-orders you will get filled on *all* the losers and miss some (maybe homerun) winners" small edges make a difference. the VAST majority of my entries are limits. some are set hours or days in advance (even for daytrading prices). that's how to get in early in the cue. also, i...

"The market does not truly reflect the loss of overall "WEALTH" from the weak dollar. " that's because what people think of as "the market" - the indexes are indexed in DOLLARS. not "constant" dollars. but the current dollar. if you chart the indexes via a CONSTANT dollar (iow, one that...

"You need to stop thinking in terms of putting all your money in stocks or all out of stocks based on short-term timing decisions. Instead, build a diversified long-term investment portfolio spread across multiple asset classes: US stocks, international stocks, emerging market stocks, real...

1) the market =/= the economy. they are not the same thing 2) if i hear one more person complain of "manipulation" of the futures. there is no such thing. orders can either be made to buy or sell. limit or market. that's it. it's not "manipulation" when it moves other to how you want or...

"However, I often cannot stop until I am in positive region for the day" bad bad bad bad bad don't trade your P&L. period. the market does not know whether you made 50 pts or lost 50 pts. it doesn't care. trade decisions should not be affected by where your P&L is. trust me on...

"Question: have you once made any money off the indexarb.com website?" not once. many times. but not from arb'ing. by following premium divergences at different times during the day, it helps give a picture of what institutional money is doing, which helps support trade decisions (it has...