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Is Book trader true level 2 or just the order flow of IB?

Sorry was being facetious. I’m not familiar with notes so can’t say much. Just thought it’s insane to quote something in that small of increments.

What the problem is?

Well if you’re going to look at it in that perspective, perhaps not. From a cynical or realistic point of view we can just call it what it is just a method of wealth accumulation or transfer.

I certainly enjoy some of the stuff from trading schools it’s hilarious. Indeed many of the vendors deserve the bashing they get. The guy that does the reviews(Emmett Moore) takes about 5% factual stuff and adds 95% satire to make it appealing. Funny it is and yeah I enjoy reading his stuff, but...

If you’re asking is the stock worth anything technically there’s a book value to that stock if it were liquidated today. Also it gives the opportunity of future cash flow, through dividends or capital appreciation. Certainly a profitable company is worth more than it’s book value. For example we...

If you’re into VIX could just play the CBOE VIX options or the futures. I also believe SVXY is the same thing XIV was.

I feel like IB is always having glitches, and their customer support sucks. But it’s hard to beat their commissions.

I see some potential issues here. I do think this is a great example as someone else stated. Just some ideas Issue 1: too many time frames. I’d say pick one and go with it. Perhaps I can see trading daily and weekly. 5 min and 15 minute. But going all the way from 5 minutes to 1 month is a lot...

You’re truly an idiot and have no clue of margin requirements.

Idk maybe you missed the part about not recommending systematically investing in those, especially this far into a bull market But yes in a severe economic downturn I wouldn’t personally hesitate to put a smaller percentage of my account in those(NOT all of it or the majority of it since some...

I won’t complain if QQQ does continue it’s past performance. I would hope most traders do some systematic investing(in separate accounts) along with their trading.

If you want to see something insane look up the charts of QLD or TQQQ. I certainly am not suggesting systematically investing in those this far into a bull market, but didn’t all the pros say those weren’t good for long term holding and only good for intraday? Really kicking myself for listening...

I agree mostly. If people want to give trading a go, I suggest they make sure they’re doing it after they’ve got some sort of retirement or systematic investment being properly funded. Like others I question whether QQQ can deliver 12% for 20 more years though, not arguing one should disregard...

Ya overall you’re right about the longer term one being about the trend identifier and the shorter two be your entry/exit signal. Overall I’m not a fan of the Moving Average cross over system. Its why I would suggest maybe using it only to make one aware and not trade directly on the crossover...

Fitbit sucks. Why would anyone buy one? Since the release of Apple Watch, Fitbit will never be able to appeal to the Apple crowd, so Fitbit loses a good chunk right off the bat. I’d assume more people will look for more capable smart watches as they advance. 2nd Fitbit isn’t nearly capable as...

I think this about sums it up. If you truly believe the system has longevity and is scaleable, and you can maintain records, reasonable RAR, and so on money should eventually flow to you with those kind of returns. I think I’d being asking how can I legitimately manage other people’s money and...

Since this has turned into a bash on Nison, I will say I too question some of Steve Nison’s stuff. But I feel one should study what they've learned and see what works, or how to apply it. Others have mentioned using context around the candlestick/candle stick pattern and I feel this helps...

Perfect example I say If your 19 with 10k and no responsibilities(family etc.) go for it with 10k. If you have 3mil liquid net worth(and responsibilities) preserve the majority and use the 10% or less rule for speculation.

Ok if you want to put 75k in a brokerage account I’d ask these questions first 1. Have you ever traded before? 2. If so do you have a trade plan? 3. Are you consistently profitable? If you say no to those questions I’d probably say you could allocate 75k for trading but don’t put it all in...