Search results

So it's seems that you're suggesting that I take time out of a trading day, to post some live trades so that I can "convert" someone? LOL. I'm a trader, that's how I make my money...I don't have any desire to "convert" someone. I'm just adding my opinion to the topics at hand. What do you...

What could you possibly learn from a journal of mine? I don't trade with a one or two point risk....and THAT wouldn't be "comfortable" for you would it? OldTrader

Nope...don't have a clue who he is....but evidently you do: So enlighten me...who is he? OldTrader

You know, I've been a student of the market now for about 35 years or so. I'm still learning. So the first piece of advice that I would give you is to acknowledge that trading the markets is a lifetime journey. I would read anything you can get your hands on about the markets. Understand...

From Brandon's initial posts he had made a trade from a bear flag on a one minute chart....so I gathered from this that this must be one of his setups. But when I look at Fridays one minute chart, I see flags all over it. I probably misunderstood. I don't know if you were referring to me...

Yes, I believe you have made your point before. Unfortunately, I found it unpersuasive, as surprising as that may be to you. You know, it's probably a "warm and fuzzy" idea to believe that there are multiple ways to that "pot of gold", that trading style should mainly reflect personality...

Just hit the quote button at the bottom right of the post that you want to copy. It will pull the post in question up so that you can select the text you want to quote in bold. OldTrader

OK, you guys forced me to look at the average true range on the 5 minute chart. Obviously it varies, but it looks like most of the time it's around 2-2.5 points or so. I'm not sure that I see the value of this particular number as a number to be used in setting a stop. What's more important...

Thanks for your response. The main point I was making is that it was difficult to believe that a trader going for a few points wouldn't have had some opportunities on a day like today....or for that matter, on most days. You seem to confirm that there are various traders doing exactly...

Gotta agree with you. I thought that this day, in the scheme of days, was relatively easy. A nice move up, followed by a great move down, then followed by any number of 6-7 point moves within a range all below resistance. Frankly, this brings up the larger issue: most of the traders here...

You bring up an interesting point: My understanding of the PDT rules is that they apply to "securities". Is an SSF that is held in a securities account a security? Or is it a future that is held in a securities account through various enabling rules/regulations? If it is a future then the...

For what it's worth, I think the IB ruling is a good one. I think they made a ruling that is intended to protect IB, and rightfully so. Years ago I can recall stock margin accounts requiring a minimum $2K in equity. If you wanted to short stocks it used to be $10K minimum. Write naked...

Can't say that I agree with your analysis. I don't think it's effective to define the daily range in terms of dollar potential. I think it's important to understand that the contract size of the NQ is smaller than the contracts you compared it to, thus accounting for the dollar difference in...

It sounds like you've formulated a well thought out plan and tested it. Your efforts in this regard are impressive, and I hope you will meet with success. Let me just say that I'm not a "system" trader, and therefore, I view all systems with somewhat of a suspicious eye. The problem is that...

You remind me of a friend of my who I play golf with occasionally. I'll never forget the first time we played. When he walked up on the tee box, and lined up for his drive...he lined up aiming at about a 45 degree angle to the left....right at the trees! Before I could say a word, he rared...

I had intended to end my participation in this thread, in accordance with the wise advice of Nitro. But as I read your post, these particular words struck me....and I realized that certainly as it applies to me I have certainly been at my worst. No sarcasm, just an acknowledgment of your...

Thanks for your wisdom. Best advice I've had all day. OldTrader

Well that's alot of fancy guesswork, supposition, and downright confusion on your part. I doubt if there is any post that could have been made that would have lived up you whatever your expectation is/was. But to clarify, I believe my post was shallow, and if I had it to do over again...

16 times in the last year you've come out of the shadows to make a post like this....a real tribute to this site. This must be what tymjr refers to as "unrestricted exchange of ideas". OldTrader

Yep, I agree, I do think my post was "shallow". And I'm certain that "foolio" and all the other members of this site will be glad to know that you are defending his honor, and their right to unrestricted exchange of ideas. Frankly, if your goal is to defend the site against this...