Search results

The guy who replaced Brian Sack presses a buy or sell button at 10:30 depending on his mood for the day. This order is immediately transmitted by fiber to all the primary dealer automated trading computers, which instantaneously execute at the same time.:)

Today the algos sold at 10:30.

Wise words from an experienced trader.

Like a broken record, to my great annoyance.

Don't think so.

BOT June 134p @ 3.41

Any aspect of market behavior a trader uses to generate consistent profitability. For Marty Schwartz, he likes the 20 day MA and other TA tools. Richard Donchian trend followers used MA crossovers. Jim Rogers relies principally on fundamental analysis. Paul Tudor Jones likes Elliott Wave...

"Big things have small beginnings." - Prometheus Richard Dennis started with 400 bucks. Not to imply that OP is on same path ... just saying.

Great find, gammaray. People should be very careful about blindly following any self-proclaimed guru, either JH or the infamous one wearing a cowboy hat.

Also worthy to note that from 1991 to 1995, Brandt's returns ranged from -8.36% to +1.49%, which may have influenced him to stop trading from 1996 to 2006. The commodity markets were stagnant in the early 1990s to ~ 2002, which rendered any chart pattern analysis irrelevant in primarily...

Insightful interview. Thanks for sharing. Brandt for the most part risks 0.5 to 1.0% per trade, but he did also say, " For me the real payoff in being a discretionary trader – where the music really plays as you put it – is in those one, two or three trades a year that you’ve diagnosed...

Possibly because there are less exploitable trends in the currency markets and the need for more leverage to generate returns. Oil, gold, etc. can easily go up 20% without leverage, but that kind of move is rare in currencies. Gold has averaged something like 18% annual increase in past 11...

+1

Took a bath on this one. Entry .17 Exit .02 I'm thinking market queued up for bear rally next week. No mas for me today. Just glad to have exited my big put position yesterday.

long spy weekly 135 puts at .17

I owned puts for 2 friggin weeks and got out break even today! How many people want to bet that by tomorrow morning everything will be ramped up as if this was a non-event?

Exit .64

Small position in SPY weekly 136 puts at .51

You get carry over basis, i.e. your parent's cost basis at their time of original purchase. If it was result of (God forbid) parent's death, then you get step up in basis at time of demise.

Out of May SPY puts 135, 136, 137. Slightly better than break even. I couldn't afford it becoming worthless with only 8 days to expiration.