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Seems like a great deal for the company because most fees will never be repaid by losing traders. They will pay a small percentage of everyone's fees to the profitable sim traders.

And you can bet their sudden change of heart on being for a ban on congressional stock trading is because they have set up back channels to do it by other means hidden from public view.

Ya I was more just illustrating the amount of points it makes up, but yes, maintenance is definitely a factor.

Do they have to be commodity futures? Why not index futures. Also, you can get away with trading a far smaller amount now with micro contracts. $5,000 with a single micro ES contract cost you all of $50 on a 10 point drop. At only a $1 round trip contract fee this is very doable for a tiny...

My friends see how much I make daytrading ES and either a) ask me to mentor them, which I flat out tell them no for many reasons or b) say they've "been thinking about getting into that," as if it's like learning to play golf. I have to explain to them it took me almost a decade of intense...

...and continued QE, or at least stalling QT. If you were a group of powerful hedge funds and had the power to move the markets what would you do before the Fed meets next month?

Those are 2 different stocks. My example used the same stock.

Its actually pretty smart. People want the feel of holding a lot of shares. I'd rather say I own 20 shares of Google then just 1. Plus, many brokerages dont do fractional shares, so someone may have to wait a couple thousand dollars more just to buy 1 extra share. With that I'd rather just buy...

Like Nancy Pelosi having access to policy that allows her inside information that affects key industries as her and her husband buy stock that always goes up afterwards :D

I bought some MSFT today to hold. It was down 15% from ATH. Even if it drops down more it's still a value buy at the price I got it and will move up eventually.

I wasnt shitting on them. In fact I used to be one of them. Should have clarified who i actually had in mind with that statement. I was referring to the WSB crowd, many of whom group together and manipulate stocks with pump and dumps on discord in huge groups and refer to themselves as...

I used to hate it, but all of these nickel and dime retail traders are adding a huge amount of liquidity to the market as a combined force. With them and hedge funds squaring off they are helping create a ton of volatility which is good for daytrading.

Would be a state bill though, where currency usually falls under federal guidelines. So if US Congress ever passes legislation on Bitcoin regulation it would trump whatever that bill says, which from what I hear is currently on Congress' radar.

Well I will say an entire hour candle just broke out above the bear channel open to close by almost 60 points on ES since it began its drop from ATH. Also day is looking to close above the 200 day SMA currently at 4415. Would like to see it close above 4450 atop the range though. Might have been...

I don't see it. I think this is just what "they" want it to look like. It hasn't even broken its current bear channel on the 1 hour, much less the 200 day SMA.

A point is 4 ticks, but I think you are correct in him using points here as ot only ran up about 20 to 30 points initially iirc.

Most people forget we even had a generation.

That was the exact point I shorted, but on the 2nd 5 minute candle after you could see it retracing some. I figured a tight stop of 11 points which was over its initial high was worth it if I was correct. Currently sitting up 160 points.

Trust me the fear was mighty as I executed the trade. Set a simultaneous stop at 4450.

Managed to short S&P at 4439. Currently at 4350.