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I would recommend using something like average true range or a one or two or X sigma trigger instead of a percentage figure or volatility variable - much more proactive without the pain induced by latency. Remember, you can always get back into the market. You may disagree, but it works for...

Two of my clients have decided to test the proprietary trading job markets, and have managed to generate some positive results. I was a bit suprised because the business (at least here in Chicago) is undergoing a great deal of turmoil and dislocation. Both of these clients were once prop...

I have never seen a trader in seventeen years who added to a losing position as a strategy and wasn't overtaken by risk of ruin. Now, if a trader can manage to add to winners and scale out of his profits, then he becomes very wealthy.

Never, ever add to losers. In seventeen years of trading I have never seen it done for consistency before risk of ruin overtakes. If you can learn to add to winners and scale out of your profits, you will be very successful.

Just follow the generous campaign contributions. And the recent Supreme Court decision.

ERCOT makes me sweat and break out in hives. ERCOT is the only heat rate market that makes sense these days (in terms of correlations)... if you wanted to trade financial power without heat rates just go to PJM-W. Suicide to do it with ERCOT, besides, it would be very difficult to get a...

I'm a little unclear about the phraseology 'getting paid' in terms of trading futures in mainland China. Would a hedger or speculator in Shanghai be unable to wire money into or out of the mainland? Do U.S., Australian or European FCMs have restrictions in terms of accounts located within...

For charting, eSignal is at least $400 cheaper per month than CQG, and both are perfectly adequate. I have used CQG for spreads since 1992, but just added an eSignal subscription as well. The CQG base price less exchange fees is $595/month compared to $195/ month for the eSignal. For...

My clients have made some good progress reducing monthly charting and execution expenses - many of us use TT and CQG, but eSignal and a number of other charting packages can be made to work with my charting package. Some clients are also using their broker's complimentary execution package in...

I've been using CQG since 1992, but eSignal and a host of other charting packages will do a perfectly adequate job with stock pairs and futures spreads of all persuasions.

So Joe, I take it you're not a smart person based upon the resentment issues and an off-topic meaningless rant.

DJ EuroStoxx50 vs. FTSE Index vs. CAC Dax vs. NASDAQ Nikkei vs. Kospi Russell 2000 vs. S&P 500

Thanks L2 and Nihaba... you're certainly correct that there are many, many issues there. Trading Education has a deserved reputation as 'buyer beware'. Any person considering a service should approach the vendor with a great deal of skepticism and perform exceptional due diligence...

You guys trading the pairs are totally spot-on and please keep up the good work. I like your style.

I would have to second your post regarding Ross Canfield, or TraderZones, or whomever the multiple-personality disorder chooses to be. I have received many PMs with a great deal of specifics supporting your observation.

I use a tremendous amount of intraday leverage, as do most of my clients who professionally trade futures spreads intraday. That leverage is further compounded by the fact that clearing firms provide me with even more intraday margin credit on the spread positions. A big clearing firm like...

Proper due diligence has to performed by the potential student, because the trading education field definitely comes under the heading of 'buyer beware'. I agree with a previous post that educators who don't actively trade are less than useful. It might be difficult for a potential student...

The spread as it applies to relative value trading to me at least is the valuation differential between two or more financial instruments. The 'anchoring point' as you describe can mean different things to different people. Some traders prefer to make constant, 'on-the-fly' currency and...

I would recommend a series of scaled trailing stops for winners. In other words, each stop triggers a partial liquidation of the position and an adjustment of the remaining stops. You can also use the scaled stops to gradually reverse your position as well. For losers, stop out all or at...

Bernie Madoff had an 'audited track record' and we all know how that went. AIG and Lehman retained very expensive top three accounting firms. IMO there are some unique technical circumstances for a proper accounting treatment in the 'educational' space, and I would love to hear from...