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Pros don't hold the fut's overnight because the risk is phenominal. Imagine waking up and finding the market has moved 20 points against as you puke up your account.

Unless Bush Admin attacks Iran and issues Executiver Order declaring "Emergency Situation" and postpones election. :eek:

totally agree -- all good news has been priced in. .25 and down we go.

Real quick...1490 resistance on SPX -- that was the rationale for the trigger. Upside potential was massive based on another chart (not pictured) so there's no way I could let this move against me. It popped, I stopped -- right at the ABSOLUTE freaking high -- that sucks! I can either cry about...

You don't necessarily have to be successful trading stocks first but it would sure help. Your best bet is to either find someone to teach you or Sim trade for as long as possible. The biggest advantage for me.....since the capital requirements are low ($500 per contract) I can "build"...

Hey YoungOne, aren't you that 17 year old kid who wanted to manage money for others? I could be wrong but if you're that same guy you need some serious hand holding. I don't mean that in a bad way, you're just so young you have no experience. You gotta give yourself time to grow as a trader...

Advantages of trading fut's over stocks: 1. No inventory problems 2. No uptick rule 3. Massive liquidity if you trade indexes 4. Favorable tax treatment -->> 40% is ST, 60% LT. With stocks it's all ST. 5. Small capital requirements Disadvantages: 1. <b>Huge Risk</b> You...

Agree, the market is non-stationary so Statistical Analysis is very difficult. How do you define your data set? It's a lot of trial and error. Find something that works and be ready to tweek it when it stops working. Trading is just another form of business and all businesses have to make...

mu200411, this is very interesting and thought provoking work but how are you creating successive random numbers? For example, if the market is at 1470.00, as it is now, the next tick will either be 1470.25 or 1469.75. I believe the market is random but only to a point. The next random tick...

LOL, hillarious thread. Names and pics would ruin the culture of ET. Where in the world would I go for a good laugh everyday. This site is just hillarious.

Go to line 8 and 9 to get your answer. As far as the 100k donation? I'd like to know the answer to that myself. Anything to get more money out of the hands of the IRS is a good thing. http://www.irs.gov/pub/irs-pdf/f6781.pdf

The part that's even funnier....ever notice the OP will post something and two people, who have absolutely no relationship to the OP, will begin duking it out. What a bunch of bitches on this site. Great entertainment!

Always a good laugh here on ET. The OP asks a simple straight forward question and he gets crapped on for not knowing the answer. Tuff crowed here on ET, funny tho.

Ty Cobb has a lifetime batting average of .366 and he is at the top of the list at the hall of fame.

Entirely true. I lose money everyday.

infolode, study statistics. Even a random data set will revert to the mean but it may take some trial and error. You can overcome this problem if you manage your account wisely. The farther the data moves from the mean the higher the probabilty it will revert to the mean. And, the more...

Nuff said Surf, the markets are random but randomness can be explained through statistics. When I began studying finance I wouldn't accept the fact that the market was random because I figured that meant it couldn't be traded. Once I opened my mind up to this FACT I began developing...

Great insights here. The markets are not normal but there are periods of normalcy throughout the day. If you can isolate the data when it is in the tails the probability that you'll win sky rockets. You have to be very quick to realize when your analysis is flawed, however. "I don't think...

I wouldn't say it's largely accidental because it requires skill and one trader will always have an edge over another trader if you isolated just 2 people but you have to have a strategy that includes the element of randomness. Any credible Financial Markets degreed program studies Stochastic...

Absolutely the markets are random. There is a technical element to the market but the majority of the movement is explained by randomness. Struggling traders just can't accept this fact and they don't even realize that this is what is preventing them from enjoying some sort of success. A...