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J-Chart is very easy to understand, but there is obviously some mastering involved with any charting application. Once you get the "feel" for things, it is very easy to trade using J-Chart. All of the stops are built in. You shold never take a big drawdown using J-Chart. Sometimes I think...

I richest trader that I know made all of his money when he went short in the summer of 1985, he bought calls to hedge himself. He had a synthetic put on the market. As you know the market kept on rallying. He was short from 1985 to 1987, and nobody could shake him out of his short... He...

On a more serious note: I have been using a new charting package called J-Chart. I highly suggest taking a look at this. It's the best thing that I have ever seen for forecasting markets. Here is a link to a post that I wrote up on ET early on today...

I have extensive experience with tradestation, but I stopped using it for trading during the day. I just switched to J-Chart. It is the most incredible charting app that I have ever seen. Please check out the post that I just put up a couple of hours ago...

I have been using this new J-Chart application. So far I am impressed and my trading has become incredible and I am becoming a much more disciplined trader. Here is a link to a page on my website: http://www.fibwatch.com/jchart.htm Right now it shows that the overall trend is probably...

this is a stock bubble....crap like this happened in 1999.... You strategy won't last for long. Don't get too giddy. Once the rates start ripping (and the inverted yield curve breaks its back), all of this bond and stock and real estate crap will topple.

My futures P/L is completely wrong in IB. I did not carry any futures between 2002 and 2003. I do not understand why my 1099 in IB is completely incorect. Shouldn't my futures 1099 be the same as my P/L for the futures?

MY IB year end statements are still not correct. What the hell do I do? It says that there is a reported number 1099 number going to the IRS. There is a humongous difference between my actual p/l and what IB is saying. If I add up all of my trades in Excel and figure out the P/L and send...

I agree. I do not want to have to get a normal 9-5 job. I love trading. I have so much free time, and I make enough money to handle all of my expenses. I scalp a few contracts on the mini futures in order to pay my rent, and then I make all of my big position bets in natural gas and coffee.

DB, I can not agree with you more!!!!!!!!!! The guys that survive the longest care only about their situation. If you are living in a location where rent is really inexpensive and your lifestyle does not cost much, then you do not need to make a lot of money. Which means, that you do not...

The ER2 is the only thing that I trade. I use wave theory, and I find that the wave patterns are so clear on the tick charts. ER2 rules!!!

Who the hell is making $50K+ per month day trading? Maybe position traders make these figures, but I don't know anybody making this kind of loot that day trades. These people could be lying about how much they make! It has been my experience on Wall St. that a lot of traders lie about how...

History shows that the third leg down in a bear market is always the most wicked. Looking back at those third legs to the downside, they seem to be slow grinders, where everybody is bullish the whole way down. LOOK AT JAPAN!!! The volatility on the way down SUCKED!!!!!!!! There were times of...

If you are not prepared to make money in a market that is falling from the sky, you better watch out because some time between now and July, this market will top out. I do not know if it topped out yet, and I still think that July will give us the top, but when it goes, it will go big time...

TOYLET. LMAO. This is very tradeable, the volatility is picking back up. The position and intraday guys will be able to make a killing. I'm still undecided as to whether we will see stagflation or deflation, but either way, the Wall St. Stock boys are going down big time.

Waggie, yeah, 61.8% pullback on weekly is 68 cents. That is what I'm waiting for. However, when you look at commodities and their pullbacks before big moves, they usually do more than 61.8%. So you still have to be very careful if you want to load the boat on the 61.8% pullback.

Today was awesome. everybody that I knew got bullish, and I shorted stocks big time when I saw how everybody was hyping it up. Die market Die

I am going to wait for a 10-13% move to the downside in the SPX and RUT. I believe that will confirm that the downtrend is back. Then I will wait for a 60% retracement to the upside. Then I will short the world of both bonds and stocks. But as Waggie knows, I will stay long my coffee futures no...

Right on, Blue. It is healthy for a good retracement to the downside. It will flush out the weak longs and then everybody will think that coffee will fall again, and the shorts will get trapped big time on the pullback. Hey Blue, I figured out something. I have been looking at a lot of...

No vol. I think we go up for one last push verticle push in the stocks and then collapse. Although, the top could be in since we are seeing weird price divergences. I can't wait until this market is collapsing and everybody is panicking again. It's gonna be awesome to trade.