Search results

Having you considered expanding your repertoire of intraday setups outside of your opening plays? Adding additional setups with proven success & consistency to your arsenal is like instead of just hunting deer, you are now also hunting elk. Hunt both with the same philosophy of patience and...

I think there are several key differences between intraday and EOD, specifically the way money flows into the markets and the volatility during these times. Also, the effectiveness of trend following systems on an intraday basis is much less due to the nature of reversals at extremes that are...

I personally love it because it reminds me of the irrational reasoning that causes inefficiencies in the market whereby us traders can profit. Same goes for when you are on a train or in a restaurant and here people talking about the markets. Part of you wants to jump in and correct them...

I agree wholeheartedly! I owe my trading success to those in academia. Without their developments and the numerous papers available for me to research, I would not have been able to build my NN model, nor my DSP-based momentum indicator used for day trading.

Brandon, Some recent studies have shown that drinking lots of coffee helps prevent diabetes. There has been some buzz about this for a couple years but research is finally reaching the mainstream now. http://www.diabetesnews.com/

Sorry guys but this is such a senseless discussion. Not only do you not know who/why/how the "other person" who is taking the other side of your trade, the process of trading is a round turn process. If you don't understand how that makes this entire discussion moot then you shouldn't be...

Use the Search function on the top right corner. There are thousands of threads to pour through.

Also very difficult to do because you set yourself up for those 1-in-10 (or whatever the % is) news releases that do cause a major move that wipes out all the small wins from other 9-of-10 successful writes. Also, you are looking at a small holding time to take advantage of temporary increase...

I know a few prop traders and they are all in the $100k-1M range. I realize that is a wide range but each has different styles, risk tolerance, and holding periods. It can be done. You'll get a ton of talk on psychology around here, but when I get together with fellow traders we only...

Very difficult to be profitable this way unless you are forecasting earnings reports that are way off such that you expect a large move. This is because options premium increase prior to earnings release. The majority of the time you pay too much premium and implied volatility falls off after...

The straw that breaks the camel's back is a non-linear relationship. Even if you were somehow responsible for placing that final straw, it's not your fault that he cracked. Many other topologically transitive factors contributed to the final event.

No, because it's not a 1-to-1 relationship. You may be entering a new position while "the other guy" is exiting a profitable one. Or it could be the other end of an arb or institutional trade. To personalize the market as "market vs you" or "one trader vs another" or "this is war" as so...

You always leg-in, taking the short position first. Think of it as a cheap bullet. You obviously have to have the position setup in advance. For example, you anticipate a bearish news play on a stock. So you find a good time to leg-in to the position across two accounts before the news...

You can open two accounts, be long in one and short in the other account. This is old trick to circumvent uptick rule. Just exit your long if you want to short without uptick. It's illegal, btw. Don't know what strategies you are looking at, but consider options to hedge other side of...

ET Journals are both limited and poor sample from which to draw conclusions. Walk into any prop firm and ask who their top 20 traders are this year. Ask who their top 20 traders were last year and the year before. Ask how many of these top traders have consistently made money year after...

Invalid argument because the size/goals that Soros and Dennis were trading with were much larger than the day trading style I am referring to. Also, 99.999+% of ET readers would never encounter the liquidty/size contraints that Soros and Dennis would encounter. You reach a practical limit...

For someone who doesn't understand the fundamentals of how ATR affects probability of price movement, and hence affects probability of stop loss or profit target being reached, you sure are quick to condemn it. Have you ever walked into a prop firm before? Ask them how many of their best...

Ah, yes, I agree 100% with you here. I think since Brandon's biggest edge is his gap statistics, he does not take many trades on days without a tradeable gap. Personally, I find very few days without good short-term trading opportunities. In fact, I'm actually more interested in Brandon's...

Perhaps it depends on your method. Some of us are very successful targeting 2-3pts in ES using. (My personal profit target and stops are a function of volatility.) Also you need to consider two major factors: 1. You must consider what time frame is involved. 2.00pts on ES on 1m charts...

But which much less flexibility than either WL or TS. Each has it's pros and cons. There's no way I could incorporate Digital Signal Processing with IRT while I could easily with WL or TS using the scripting language. If you like the Metastock-like "indicator builder" approach then you'll...