Search results

among other things i see you fading markt when you've been going long (wait till it breaks support and wait for pullback). when you have a bottom and then return to that price try to get in as close as possible. With ym give it some room; place stop below the bottom. if you trade one contract...

i know one who's traded in the pit w/ Baldwin & co. Ask him how he trades--"by feel." (it's probably true by now). Scalps Interest Rates, and and Index. No charts just a half dozen TT doms...he has levels and recognizes bluffing. Also pays member fees, like 10 cents; commissions stop after a...

I don't think the premise of the thread has been addressed fairly. How many have traded since at least 2000? Spent time in the pit? Remember the S & P when it was $500 a full handle? Day traded by calling the pit directly? Traded with FM antenna for live quotes? Seen the old timer sitting on the...

there are pros who trade with small accounts, usually more than $5k, more like $15k. They are already experienced and are not turning $5k daily profits. Bigger players, hold larger positions overnight, and thus require more in their account--but can put $50k in the bank at the end of the...

Walter, think about the possibility of trading the Russell. Breakouts (when everything is in alignment) are very fast, and are usually good for a quick 10 ticks w/o much retracement. This a.m. was a great example. The two down moves yielded about 30 pts each. Watch the vol and trades---look for...

good. make sure you aren't over using resources on your trading machine.... many don't use anti-virus software. no internet, no chat, etc. while trading, unless you have a 2nd pc. apply major levels...yesterday's HLC--observe mkt behavior around them--perhaps use higher time frame for...

i don't see anything wrong, providing: -no margin calls (unless daddy can bail you out) -you quickly develop a basic trading plan that includes money mgt. -you are ready for the moment when your broker pulls the plug. -just consider this tuition because your trading is kind of...

I've preferred using NT with x-trader feed, which I suppose, is up to your broker. I've seen dome start "rattling" during high vol periods with 'center' off and and on. I feel like a drunk trying to hit a bid or offer. Wish TT was less expensive. [the rattling was with Zen feed btw] Has anyone...

I have been questioning my son, a recent grad with econ and math background and no interest in trading, to help me work up some statistically valid decisions on my trading methods. He just recently recommended neural nets and proposed to help me. http://www.neuralmarkettrends.com/ is one of the...

I've used both. Ticks do make a difference over period of time; e.g. one year. With TA you need to trade about 400 r/t month to pay fees on platform. Once you reach that threshold, then your commissions are around $4 depending on deal you cut: you also may want an exchange lease at this point...

OOPs, Civil War - Republican - 500,000 dead

you can garner a great deal of free information from cisco-futures and don jones (or you can take one of two courses too), he has been doing MP for a long time. there are opportunities to develop your own strategies. normally it takes a few days to form a balance. you can either be a responsive...

it seems that "car(s)" is used by traders who don't actually ever make it down to the floor. yea, it's an old term, but when i hear it used in a forum it sounds to me like someone who wants to come off as an old timer. cars, of course, was used by grain traders of 'yore.' don't recall hearing a...

That number [%95 %90 whatever] is kind of worn out in my opinion. How many college freshmen intent on med school actually end up with MDs? How many are successful in any major endeavor? Everyone enters trading with a different idea of what they can achieve. Some end up making $5 k/ day, other...

there are more than the simple trader pivots referred to here. most traders have numbers to trade off (they look for and sometimes buy other trader's numbers); some are long above a certain number. some traders fade numbers, especially 'hard' numbers, others trade the b/o's. interest rates...