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Coincidently, I started reading that book today. I'm only a few pages in, so if you give me a few days I'll be able to give you a more informed opinion. There are a few reviews on this site and presumably tons over at Amazon. The little bit that I have read hasn't been especially...

Does anyone think that average daily volatility of individual issues will be affected? The main reason I trade NYSE is so I can develop LOW RISK ideas. I'd hate to see NYSE volatility go the way of NAZ...

Hey Dave, How can I catch Don's show on the net? What's the URL? Can I download it, or do you have to listen live? Thanks

Any other days I should know about?

Yeah, I use the autoexecute feature on a regular basis. It works well, but is not without some problems. Recently I've been using 4 stops per position (a technical stop, stop loss, break-even, and profit target) and when I'm holding several positions at once, I find this feature to be very...

A recent issue (last 3 months) of TASC had an article on the Head and Shoulders success / failure rate. Might be worth a look if you're interested.

I read it quite a while back, but if I recall correctly it's pretty good. I don't think much was said about money management, though I think the author mentioned the pitfalls of overtrading. Even if it doesn't have the exact topics that you're looking for (money management methods) it's still...

Ninja: I recently started reading Farely's book and I'm about 1/4 way through it. I have several complaints about the book and things that I would do differently - but having said that, I highly recommend it to you. I think that Mr. Farley has made a genuine attempt to educate, and for that...

"I design and implement systems for equities and derivatives." It's best to walk away while their mouths are still open.

Ninja, FWIW give some thought to trying swing / position trading. It's very different from day trading in some ways, but the fundamentals are more or less the same. The biggest advantage (in my opinion) of swing trading is that more decisions can be made in non-real-time (a new word!!). When...

Kastro, Part of your problem might be that you are looking at Naz stocks. The Naz level 2 screen and the time and sales scroll throw a lot of information at you. Personally, I try to avoid tape reading Naz stocks. Try looking at a stock listed on the NYSE. Often these stocks move slower and...

Our hero TrademanSpiff has an account with $50,000. He takes overnight trades and uses 2X margin. If our hero takes 10 positions of $10,000 each and puts a 1% stop loss on each ($500), what is his risk of ruin under the following circumstances. a) ten positions, 5 long, 5 short. b) ten...

I'm a TS6 user and I'm happy with the product. But having said that, why not call all the different companies out there and get sample CDs from all of them. Once you choose a platform you are going to be "married" to it for a while. So make the best decision possible by checking them all out...

You're right. I just checked the website and there it was. I seem to recall being told that there were no data fees when I joined, but at that time I was on the old commission structure. Oh well, better to find out here than to call up customer service and totally embarrass myself. Thanks for...

I'm pretty sure that I make significantly more than the requisite 20 trades per month!

I just got this month's TS6 statement and noticed there is a $100 data fee attached. Is this correct? Anyone know? A few months ago an E.T. member (Trader C) had several problems with TS re: data charges. I'll call TS asap and find out for sure, but I was under the impression that there were no...

Well, the first time I saw that particular quote in the bible (no, I'm not a bible freak) I thought to myself, he means: "cut your losses and preserve your capital!" I admit I was mighty impressed to learn that the Disciple Matthew was a trader. It just goes to show, when you got trading on...

I use a fixed % type money management system and was trying to determine whether there would be any benefit to doubling my risk exposure, provided I could double my returns. Despite the commission costs, I think I'll stick with my current system which is closer to System A. Thanks for the input!

Does anyone know the formula for expectancy? I'm trying to figure out which system would give better theoretical returns: System A: Has 60% probability, Average Gain is $500. Average Loss is $250. 10 trades per (unit of time). System B : Has 60% probability, Average Gain is $1000...

You can automate your strategies in the "Format Strategy" sub menu of TS6. But don't think you can turn on your computer and go out for the day. While the computer will do most of the heavy lifting, you have to be around for when something goes wrong (interrupted data feed, etc.).