Search results

Sure. I have tons of DOM windows in front of me as I type this - and I am positive that for a point-and-click manual mouse trader to think that in the major futures markets he or she could buy bids and sell offers all day long ( and manage to flip each for a tic profit or at least scratch it )...

When I started trading in the early 90's it was in the Treasury Bond Pit evening session as a scalper. I really never started to be able to build capital until I began to spread trade the treasuries. When Project A came along and the new age of electronic markets emerged - then it became...

Definitely route the order to the exhange and have the exchange execute ( leg ) the spread position. Don't leg them yourself manually if the exchange will do it for you.

One of my local Chicago CTA clients confided in me that during the course of the 2008 crash, he had a drawdown of like 3% as I recall and he still got hammered with redemptions. Just big investors needing cash. When he told me that story I later checked the Barron's CTA performance metrics and...

Hajimow, I hope that RIMM goes to zero tomorrow.

The stock market could go to zero tomorrow, I have no clue about that. It is just so exhausting and counterproductive to constantly fight the market. 99 % of the entries I take mark against me at some point in time. And I take a loss every day. Every freaking day. Anything that I do...

Personally, as it relates to me and my client work, I would prefer to think of a trade entry in terms of "probability" and not in the strict literal sense of 'prediction'. I do understand why one would use the term 'prediction' and I would certainly not argue with a successful trader's personal...

Yep. Well stated.

When did you do this "live" again ? Your message timestamp and the charting for the Dow future and the Dow ETF and the Websters Dictionary term for the word "live" in English and the Spanish translation to "vi" are all very inconsistent. Maybe you are doing this in something other than the...

This is just a guess on my part, but reading between the lines on Mickelson's remarks my conclusion is that he has already retained a talented tax attorney ( as well as a media consultant ) and that he is laying the groundwork in the media in order to prepare the public for some fairly radical...

I have no idea what will happen the next 3 minutes and certainly not the next 3 weeks. Who would make such a claim ? But if a market is making higher highs and higher lows in multiple timeframes, I sure as shit am not going to sell into it unless I am already long. That simple. I would not...

Now you are just making false statements, making personal attacks, and are just showing your immaturity. I don't make any claims. But my clients do.

You are just not informed about what makes up a very good day trader. Plenty of day traders will have a bias about the market and will initiate trades from the same side as that bias. My simple point which you insist on contorting is that day traders who looked for places to buy the market...

No BS - you are being selective in your criticism and dismissing what else you said in your same post. You also said in that post: Well, you could profit as a daytrader if you did the obvious and bought the thing. Seems obvious to any clear thinking rational person IMHO. You might...

If you're a CTA with managed accounts from what I have seen a 10 % drawdown in a month will doom you in terms of client redemptions and mass exodus. I have had several CTA's tell me that they strongly entertain the notion of ending the client business and return back to trading their own...

It's OK not to argue with the market. And less painful.

Any price dependent day trader who is not a fade monkey would be doing quite nicely I would imagine. Alot of folks have trouble accepting reality. Again, the market is what the market is. Arguing against the market is a tough way to be a profitable trader.

Let me state for the record that this is the best post I have seen in a long time. And incredibly true. And very relevant for any trader of any stripe - be it automated, point-and-click scalper, swing trader, whatever. I personally know some very, very wealthy traders who have no...

I can see that technically we might still be in a downtrend, but that a market retracement to $30 would be quite realistic given how many better positioned shorts there are in the market. Time and timeframes mean everything to me. Think of Market Profile and how the market defines a value...