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I traded nq today with size, today was one of the best days of the year for me. I don't understand why people have a hard time trading ranges, it's the easiest, most predictable scalping allowed.

If you don't use limit orders, you will never get price improvement from the specialist or market maker. If you're trading for a living, every cent counts. The .02-.10 cent price improvements can add up to thousands of dollars over a year's time. If you trade with market orders, you're not...

We need a volatility re-test before it goes higher.

Your broker must love you.

People look at whether the stocks he buys go up. But the way he truly makes his money is from selling calls. Imagine selling premium with 100 mil shares. While the market is heading down, he's cashing in on premiums, then the stocks go right back to where he bought them. He only buys companies...

Why even trade options with huge spreads. You already have time decay against you, now you have an automatic loss as soon as you make the trade. If you want to make money in options you write them, end of story. Secondly if you want to trade the s&p trade the spy or the es futures. Very liquid...

It was all these newbies with threads on how to start a hedge fund. The more the market went up this year, the more threads I saw. They got all in at the top and now there's no one to catch their fall. I really think that half the hedge funds out there were never qualified to handle OPM...

Until October/November. Then off to the races. The market is doing exactly what is expected if you've been following it long enough.

There is no substantial correlation to the usd and commodities. Commodity inflation is caused by high demand and speculation by highly leveraged funds. Secondly, the usd is still not very strong in the scheme of things. The flight to quality last week was only diversification from euros after...

There was a pilot program for years testing the validity of the uptick rule. They compared the pilot stocks with stocks that require the test rule and came to the conclusion that there was no difference. The reason being, shorts have to cover, which causes pause points in falling markets. The...

Or price will move down to a steeper down trend support. Then the support line you have shown would be the new resistance line. Remember we're in a year that ends in 7. Look back through history and you will see.

Profit taking is never a bad thing. But, you can use a scale out strategy. You could have booked half, and let the rest run. Or if you really want to lock it, book 75% and let 25% run. Even if you have to stop out at your entry price, you still have the 75% profit.

How the hell did these funds lose up to 30% in the past month. Are these traders idiots. Every year the market goes up, then comes back in. They are supposed to be trading quantitative models, but the old addage garbage in garbage out applies here. It's ridiculous. Anyone with some...

It sounds to me like the broker was churning for commissions. What crock to trade a 300k account with odd lots. And another thing, if he only made you around 8%, you might as well just put it into a money market account. You can get around 5.3% with zero risk to your capital. Even some good...

Insider buying is true, but I can't give you a link, it's a site that you have to buy a subscription to get all types of sentiment data. Also, as this correction has been in play, commitment of traders has shown an increase in net long positions. Before the february decline, cot reported smart...

Buffet makes a lot of money in market downturns by selling calls, generating cash, while his portfolio is flat.

If you want you can just use the symbol for continuous futures and you will never have to get each quarter's symbols. It's #f for each emini. So for es, it is : es #f, for nq: nq #f, for ym: ym #f....etc, you get the picture.

If you like lots of squiggly lines and colors on your charts, it's the way to go. It is a toy for beginners, not a tool for pros. And they bend you over to get it (price).

Man you are way undercapitalized number one. You ought to just buy and hold some big cap stocks. Secondly, I notice your trades have been mostly shorts. That's the quickest way to blow up, short a market that is in a strong bull run. Of course the market will pull back and you will make...

Who cares. Why do you start a thread about this? Man, what a waste of time. If you don't like how the man teaches, then don't read his stuff. You don't need to start new threads bashing him just because you don't understand. I don't follow his stuff, so I'm not defending him. I'm just annoyed by...