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depends on your time frame I suppose. If something is in a downtrend for the last year and for the past 3 months but has been in an uptrend for a few weeks and has a high stochastic, then I will "fade" or bet contrary to the short trend thinking it will reverse.

I think we might get a rally also lundy, things are oversold. But, I'm not going long the indexes, looking to go long something that has been bucking the slide. I've got buy limit orders for calls below their current bids and see if I get filled.

Market makers are middle men that make money from order flow that they get from brokerage firms. They are the ones who create the bid and ask on the Nasdaq

EXPE is scary long or short. Highly volatile, not at resistance or support and we are in triple witching day. There are easier shorts out there.

"3. Unless you are dynamically hedging (or overhedging) your position with a delta neutral strategy you expose yourself to losses much larger than your maximum profit." That is absolutely true, and even if you are dynamically hedged you are still at risk. LTCM's main strategy was selling...

it is looking a little better, but it is triple witching and it could go berzerk in the last hour either direction. You may be right about the naz. I'm checking out EBAY to buy calls on if the naz turns up. EBAY broke out of its trading range on good volume a few days ago and has been...

"When I take profits too soon in my swing account, I leave big money on the table, money I will need to absorb the movement against when trading on a larger time frame" I have done the exact same thing several times. It is hard to leave a sudden quick favorable move on the table in the...

yeah, if you are truly thinking in your head "this is a losing position" then you just have to go market. Otherwise you just have to let it do its thing until it hits your stop. If are trading without a stop then you have a bigger problem, since you have no objective way of deciding when you are...

breakout up or down ? I'm flat, triple witching isn't worth messing with to me.

I use almost always use limit orders and try to make them "fillable" in the interest of gettig a little early rather than not at all.

Its triple witching tommorrow and weird sh*t is going to happen. I'm flat the rest of the week.

good point darkhorse about politics, economics, etc. I have a degree in economics and half the stuff i learned is really just somebodies opinion, although the guys who made that stuff up had phds, but then LTCM was run by a bunch of phd's and they still blew up. The thing I learned getting an...

If you mostly trade options and futures you can say "derivatives trader" which sounds cool and people don't know what derivatives are and probably wont ask unless they are really curious.

it is definitely better than working when you are up big.

this is options expiration week, and I definitely think that a lot of short term manipulation happens during expiration weeks both through news releases and actual trading by big active players. Whip it up, then whip it down, but not a lot of net change for the week. I'm not going to judge bull...

its kind of twisted since oracle is talking things up while apple, amd, and intc are all talking negative and down after hours.

I think partial fills of a single order count as a single order. I know I only get one ticket charge.

AAPL and AMD both just warned. Good action after hours.

yes, thank larry ellison. He is stark raving mad, I can't believe that people hang on every word he says. By the way, buying XAU at the bottom of the range and holding overnight has been working like a charm. Lundy, you might be able to work that into your nasdaq trading, the inverse...

I was flat monday all day but then bought calls on XAU for an overnight hold and bailed just before the close today. It was a small amount of money but I can't complain about a 20% net profit in 24 hrs. I'll keep doing it until it stops working I guess.