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It's about impossible to explain, the IRS does a horrible job in Pub 546, and the accountants make it worse by trying to explain it to you like you have nothing else to worry about except taxes. It's very simple. Just down load form 6781. And study it. That's where you put your profit or...

No, heck no. I don't know how to test anything. I just like betting on anything that happens more often than not. Especially at even or better money. I've never traded it, but it would be a nice little tool to have if you were saving some daytrade margin to go out on.

I forget where I read it. Some guy went back and figured the average daily range for SP. Then he found out that when SP exceeds it's average daily range by say 10%(or something), 55% of the time (or some more than 50% number) it goes on to exceed the range in the direction of the breakout by 25%...

well now, you have to knock off .25 for a realistic range for the day. How is es illliquid? As long as the spread is one tick, there's the bid, there's the ask. You can hit or lift, take your choice. Yes, if you are sitting there trying to buy the bid, it may be a long wait, but most of the...

yeah, it's at a 3 pt premium as we speak after a very fishy close on Fri and today being sort of holiday kind of. You gotta wonder, who's gonna come in on the open and buy? and if they do, they need to drive up the cash about 4 to five full points to get back to fair value. But then again...

thanks, nkhoi, oh yes, that's very nice. You would think I could find it somewhere on S&P's site. I suppose it's there, but they don't want me to find it very bad.

Please tell me the website to check S&P closing cash price for some date in the past.

the way I see it, you only have two choices, love or fear. Greed and fear are the same thing. Now how this applies to trading I haven't yet figured out. I guess if I love my profits I will let them ride, and if they disappear, what is it they say? "Better to have loved and lost....."

at any rate Buy stop 902 Sell stop 898 use those as your entry and 4 pt stop then sell 910/ buy 892 OCA But you'll still have a stop open if you hit your target, but heck, if it hits 910 then drops back to 898, that might be a good place to go short anyway. and then you just set...

yeah,you can set all that up. Just use OCO (or I think IB calls them OCA) "One Cancels the Other" But better, you should test just going long at 10:30 with a 2 pt stop and a 4 pt target, then a 3 pt stop then a 4 pont stop etc. Then a 5 pt target and a 6 point target etc. Then short at...

I must be missing something complicated. If you're a system trader, you just go back and check longest streak, or check how many 6 streaks went on to become 7 streaks and ho many were broken on the next trade, or performance figures for the next 6 trades after a 6 streak win. You can test it up...

hoodo, most mm talk is based on margin trading. And slim futures margin at that. I see no point in holding back on Rydex, (if they are margined at all it is only 50%,) unless you are dollar cost averaging. Not sure why you are using Rydex, unless it is a tax sheltered account. Pretty sure...

2 books, one very good, Gallacher "Winner Take All" goes into the difference between 3 trades at 2% risk and one trade at 6%risk. Another one, poorly written but a little more exhaustive on mm is The Trading Game, written by the author (i forget his name) Both are well worth reading if you...

The most interesting one is, you take the average daily range. Say for a year or more. Then the idea is you take your profit a fixed percentage outside the average and you hang on to your loss outside the average and take it when (and if) it moves back inside. And that is just one, but for a...

good topic for a thread. Anyone know of a good online bank? I had bank that was great. Was 2000 miles away and tried to use my atm card and it wouldn't go through. I put up with that for two days and finally called the bank and they told me I didn't have an account there anymore. My branch had...

if you're just starting out, I would highly recommend you join www.tradersbrain.com. Because beginner books are not ones you will want to read over and over. It's been a while for me. I think Jack Schwager is a good writer and he has a few called the "Complete something about futures" or...

everybody is in agreement that the market is going to 1100. The problem is half of them think it must first go down.

If you've been screwing up a lot with small size, it helps to make it all back with one big trade, and you gotta have size to do it, so do it before you don't have enough money left to put it on. If the big trade goes the wrong way, so what? You were gonna piss it all away a little at a time...

kserra, All I trade is es. I switched to IB about a year ago. That is a good place for a low volume (less than 50 rt's per day) trader. If you need charts, you can use IB's data feed with sierra charts for about (I don't know I forget, but it's very cheap) and you can find free charts for...