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Yep, trading the $65 handle now.

I have noticed a direct correlation between the length of time a client takes in seriously paper trading with me (and reviewing with me one-on-one) in great detail the trade entry and trade position management - with that client's success live trading with the trading system.

Market Makers buy bids and sell offers. That's it. Could be PJM-West forward power options or it could be the ES June-Sept futures Calendar Spread. Exchange sanctioned MM's will stay on the bid and offer and provide liquidity in exchange for a favorable fee schedule and in some cases...

That really doesn't make any sense at all from an FCM's risk control perspective (or for a fund/firm's internal risk control aspect for that matter). Most sophisticated (bigger) traders and fund/firm accounts have on simultaneous futures positions from multiple trading exchanges - not just the...

2940 is the world's cheapest short term call option. They will run those resting and day MIT and limit stop-buy orders first. Just my own guess - but that's the logical path of pain.

Oh hells yeah. For example, Eurexchange pays a fee for the Dax and the EuroStoxx to Deutsche Börse AG for the use of those indices in a futures contract. Likewise, CME pays a fee to Dow Jones for the use of the S&P and Dow Jones indices in those respective futures contracts. Likewise for the...

Just to clarify - my clients hire me as a consultant with a well sorted trading system with a long track record and a couple hundred clients. I personally make no money or curry personal enrichment on haircuts or fees or data or subscriptions or clearing. None. I’ve got traders clearing...

Thanks for sharing, nice perspective.

Back to the $64 handle... if you’re trading Crude you’re trading equities.

Taking a few patiently selected “swing” type trades intraday is of no consequence to the Algos.

Every Chicago Futures pit trader starting way way back in 1864 would take strong exception. Having traded both in the pit and on the screen - I don’t trust the merit of electronic “order flow” indicators for a number of reasons, both purely technical and objectively cynical in nature. But I...

Welcome to the $64 handle in WTI.

Yeah, you can't scalp those any more - but they are FANTASTIC swing trades. Look at longer term intervals like 360 min., Daily, and Weekly. Don't fade moves.

Well, you can always get in an afternoon workout or find some other worthwhile (or not so worthwhile) endeavor to steel away the time until 3:15 pm.

Don't bother and you absolutely nailed it. Jan and Aug '18 highs now in play. Which will essentially be a free short term call option if the market gets close because they always gun for those stops. After the puke we'll likely come off unless some sort of miracle China trade deal gets done...

This is a HUGE step in the right direction for you. Every really good trader I've ever met kept some sort of journal mechanism in order to check his worst impulses and mitigate mistakes. I would suggest that you add "bored" as a problem if you're day trading as you are. It is quite easy to...

They really do want to hand Donald Trump four more years on a silver platter :banghead:

Very well stated, Robert.

But there are so many YouTube videos... And he’s related to Frappucino. :D

Yikes. That’s disturbing. I’m sure a mandatory universal health care plan in the US run by the government would fix all of that. :banghead: