Search results

"ES, NQ and YM move with the market. I don't really it makes a difference which you trade. I choose ES due to liquidity." except you don't "think" given that YM has superior spread, which is a major cost issue for shorter timeframe traders, what possible reason would lead you to trade ES...

"I am sure it will head down" then you clearly aren't a "hedge fund trader" or if you are, you won't be one for long. NO trader should be SURE about anything the market will do in the future. because NOBODY knows. good traders make positive expectancy bets, and that's how they ( me...

"Long term professional traders also trade only in the direction of the trend." idiotic. i know several "longterm professional traders" some do. others trade whatever high probability setups present themselves - trend, countertrend, or whatever. as soon as you say you speak for...

"Thus, there is a 2.7% chance of us ending the month down? " no. this is one of the most popular fallacies amongst retail traders. just because there has been a statistical likelihood X of something happening in the past, it does NOT necessarily follow that that same likelihood is still...

technically, futures are not traded with "margin" that;'s why you CAN trade futures in an IRA but can't short stocks or use leverage with stocks

it's also not meaningful to talk about point goals without talking about how much you are willing to RISK to get those goals. professional traders limit risk, manage risk, and understand risk. they realize that profit potential is unlimited, but (slippage aside), they KNOW what their risk...

and again, so much of the commentary is on teaching method, when in fact a big part of teaching trading is teaching HOW to trade. it is not the same thing. most aspiring traders do not understand game theory, business management, money management, and the psychological aspects of trading that...

i prefer to do it over the internet vs face-to-face. with skype, file sharing, etc. it works fine that way. 1k per week is what i've charged. face to face would be significantly more. it works out to be abot 20 hrs per week of training, along with homework and other assignments that...

sim trading in IB's demo account is pretty darn close to real trading. i tested it extensively side by side with real trading, and its VERY close. my methodology frequently (about 70% of the time) relies on limit orders, so realistic sim is essential to testing expectancy of setups. also...

yes

the YM and the ES to SOME extent trade together. last i checked, the correlation was over .9 the YM is price weighted. the ES is cap weighted fwiw. also, the ES is a proxy for the S&P pit contract which is where the big money plays. it is THE supply/demand vehicle for institutions...

fwiw, at THESE (post earning ) prices, it is actually kind of compelling in regards to its fundies. i feel the same way here as i did about MCD's under 50 and SWHC under 4.75. i am NOT saying Crox is MCD's (lord forbid) but lets remember this is not a momo tech stock. it has pretty solid...

"Hi couple more questions about YM, being playing with it for a good 6 days now. 1) Do most of you use market or limit order? I am having trouble with inputting the limit order fast enough to keep up." about 70% of my trade entries and exits are limits. "2) Does YM peg to the dow-30...

with all due respect? get real. retail traders never cease to amaze me. people here are trading OEX day, and 1) don't even REALIZE it's OEX day others 2) have no idea how OEX affects the instrument they are trading yet, they are trading ANYWAY. preparation, research, risk...

imo, the minimum amount of cash one should have (note" MY OPINION only) to trade fulltime is 500k. that's liquid trading capital, not reserves, savings, investments, etc. those are not counted in the 500k total.

i don't use any (conventional/lagging) indicators, and imo the market since the 'christmas rally' has been the best trading market i have ever seen. simply amazing. i think part of the problem is that people are applying 90's paradigms to this market. this aint yer daddys bull or bear...

fair enough. i'm a big student of game theory. so, that's how i developed my trading style. it's discretionary, but it's also grounded in statistics. i am NOT saying your style cannot work. i am saying that imo (and imo the math backs me up) styles like yours can and do work but expose...

"You sound as though you are trading scared. You have thought of every conceivably bad thing that can happen to you" it's actually the exact opposite. i am trading confidently. i have a very detailed trading manual, i fastiduously document all trades (about 20 factors per trade), and while i...

"The object is to beat the CROWD in and beat them out. How is that done more efficiently when you are waiting in line with the CROWD to do both ?" because your limit orders are generally set at key reference areas. sometimes i set a limit order and it takes an hour or two to fill. that's...

"And blows right through your physical stop. There's no difference" there most definitely is. yes, you get some slippage. i'd rather take X points of slippage in the rare event of market catastrophe than take X*Y loss because i waited to trigger my "mental stop" not to mention that if...