Search results

Another thread hi-jacked and demolished. Unfortunate, really.

"She last contacted Mr. Storm a month ago, Mr. Collignon said, and told him her dream was to become a suicide bomber. " No. Last time I checked traders weren't THAT distorted.

Brilliantly stated, sir.

If that were true every phD in Math and Physics would be a trader. A population of hundreds of thousands theoretically ( Ha ! a pun ).

You are baiting me into serious trouble with my paying clients !

Does efficiency mean that there is no disagreement about fair value ? Does efficiency mean that all market participants are thinking the same exact thing ? I'm not arguing, probably asking an academic question. Jack Hershey, please do not respond to this post, as my head will explode from...

From the traders I have dealt with, averaging is problematic for two reasons: 1. They invariably give back huge amounts of capital when the mean decides not to revert, and 2. It is just a very painful way to go about life. Way too much emotional trauma and few souls can really...

Outside of an upper echelon military academy, I know of very few academic pursuits that teach true "strategy". I would be interested to hear of other suggestions. Usually they teach theory, and if you want to pursue a dissertation on strategy in pursuit of an advanced degree I suppose it...

Charts are worthless for what he is asking. The latency and inaccuracy in charts is well known when it comes to reconciling price prints ( trades ) and moving bid / ask spreads. And yes, I buy real time data. Bloomberg Time and Sales will be easiest and most accurate. Now go off and find a...

You are a big swinging dick. Best post on Elite Trader for 2012.

Both of these are actually pretty much spot on. Most of the proprietary desk traders are making markets for customers in physical OTC products, swaps and derivatives - and then laying that risk off in the form of a hedge in the exchange traded instruments. Generally speaking, the newbies...

Cotton is insanely ridiculous. So is Silver. Several come to mind, but if you want to blend a consistently tight bid/ask spread with volatility energy is your best bet - CL I would imagine as RBOB and HO and NG get really gappy at times when they are moving and in transition. I would...

The term I used was "quite a few". The number of active daytraders in the CME Eurodollar and the CBOT Treasury complex would be accurately described as "quite a few". And they are typically trading higher position sizing with modest trading ranges. I am not saying it is better or worse than...

Not really true at all. I know quite a few guys here in Chicago that can and do very well scalping large size in very quiet markets with very modest trading ranges. If there is a market that fits your psyche and trading style and risk profile, then who cares if it's CL or GE ? The bottom line...

The biggest fault I see with "fundamental analysis" is that the trader knows far less about what true, legitimate fundamentals are driving that particular market and that chosen point in time - and they fade a big move. Same goes for "seasonals". For strange reasons, the fundamentalists that...

Combining trend lines or swing highs and swing lows with a technical study would be another viable option. From my experience, you want your confirmation indicator/methodology to be different than your baseline technical study. Think of it as "hybrid vigor" in genetics ( i.e., don't marry...

RT costs below 15% of a single tic size ( smallest increment ) will be impossible unless you are getting member rates. For a long time I leased a Nymex seat for about $1200 per month - and I used to scalp around a much larger longer term position. For exchange traded spreads, an AutoSpreader...

Well, IMHO ( just my 2 cents ) some technical studies are much more worthwhile than others. Combining a momentum oscillator with Market Profile or Point & Figure would likely be more effective than the ones you mentioned. Again, just my opinion.

Several FCMs that I am directly aware of allow clients to fund an account and SIM trade live market price ladders using Trading Technologies X-Trader and CTS T-4. Same speed and pace and P&L data as the live market, because the same data feeds are used. Advantage, RCG, O'Brien, come to mind.

I have seen both T/A and fundamental analysis used quite badly. And it can be very difficult to correctly interpret how markets will react to a news release - how often does the market do the opposite of what "conventional wisdom" dictates ? Whatever you do, do it correctly and become...