I don't have a position on; I'm just enjoying your journal. Do you execute your trades in the day market or after hours on eCBOT? I'm still waiting for IB to get its CBOT pit access up and running.
Regards,
If you trade any commodities (e-minis, etc.) and you're pretty sure you're not going to have net losses for your commodity trading (exclusive of securities gains/losses), consider designating your MTM election for securities only so you don't lose your 60/40 tax treatment on commodities gains...
plotty,
Here's a posting I found including New Jersey in the search.
http://jobsearch.monster.com/getjob.asp?JobID=40107940&WT.mc_n=jobscomview
Please note that I don't know anything about the firm.
If you're in southeastern Bucks, Cherry Hill isn't too bad of a commute (given that...
Mark,
Thanks for the follow up. Just like below the chart indicators, candlesticks only play a supporting role in my trading decisions. I focus primarily on price action and buying support/selling resistance on a short timeframe. I find candles help me gauge the sentiment of the market and...
Mark,
Isn't that a general issue with intraday data, even when using time charts? With volume periods it will often be the case that a single, multi-contract tick will bridge two candles (last contract on one and first on the next).
Anyway, I'm looking forward to the rest of your...
Mark,
Originally, I posted this under the "Trend Continuation Candles" (http://www.elitetrader.com/vb/showthread.php?threadid=65815) thread, but that turned into a pissing contest shortly thereafter so I want to start fresh. Please ignore the post on the other thread.
I use time candle...
Mark,
I'm glad this topic came up because there is a volume candlestick question I've been meaning to ask you. I use time candle charts primarily for longer-term trading decisions and to define support and resistance areas that many other traders might also reference as key areas. I use...
Same timeframe, same position size, real money?
How will you know when to close one and when to keep one? Unless you're banking on some range-bound activity, one of those positions is going to begin to smell funny, no?
[Jerry's Apartment]
(Morty coming out of the bathroom)
MORTY: You know I've been thinking, why is Kramer getting twenty-five percent?
HELEN: Well he told you about the place.
MORTY: So what, why is that worth twenty-five percent? It's a finders fee. You know what a finders fee is...
The way around the problem is to leave those flaky stocks behind and trade futures. Unless it's a tax-deferred account, if you're trading frequently enough to have a problem with PDT then you would definitely benefit from the 60/40 tax advantages of futures. Great liquidity, great volatility...
Taken from http://www.elitetrader.com/vb/showthread.php?s=&threadid=60996&perpage=40&highlight=ib%20retail%20pit&pagenumber=2
I think IB has been forthright about the inherent risks in trading products where human performance is a variable. It's not Globex.
Dear Annie,
For each combination of trading style and trader personality there is at least one approach that will work well (i.e., there's no one way that's correct). I believe it's generally easier to start with a very simple approach and then try to understand why you might need...
Although I believe you do have to fund an account to gain access to it, Interactive Brokers (IB) has a pretty good paper trading feature on their platform. It would give you simulated access to many US stocks and futures. If you do decide you want to wet your feet again with real money, IB is...