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  1. W

    How does Warren Buffet scale in and out?

    "Buffet is a value investor. Some mutual funds beat the pants off this guy for yearly comparisons. For example" so what? a monkey throwing darts can beat the pants off buffet for a YEAR what the heck does a year mean. "CACFX has performed 56% YTD returns while BRK.A hasn't done less...
  2. W

    It is foolish to have trades open during the Fed meeting... Don't predict!, react!

    i never ENTER a trade within a 1/2 hour before the announcement (note: TRADE ... i am always in numerous investments) but if i am in a trade from before then, i will stay in. the key is this fantastic device called a stop loss i trade YM if im up 15 ticks, and have a trailing 5 tick stop...
  3. W

    How does Warren Buffet scale in and out?

    first of all, they have trader(s) whose sole job it is to work the orders basically, they accumulate over time that's how institutions trade (it's also how i often try to trade) ... accumulate on weakness many institutions, large traders (heck, some small d00ds too) establish a position...
  4. W

    Can Start Buying Natty Now

    today good to day to sell back with a nice 5% profit after buying on weakness yesterday as mentioned so it goes
  5. W

    YM & $DJI, Chicken & The Egg?

    the futures are a speculative and hedging instrument based on the underlying 30 dow stocks (price weighted as per formula) the purpose of the futures is the above reasons except in rare circ's, the futes will stay within the fair value bracket, or riskless arbitrage ensues GIVEN that...
  6. W

    Can Start Buying Natty Now

    and THAT my friends is why i sold (as mentioned ) yesterday SELL euphoria, buy panic period. i will be looking to add on weakness
  7. W

    $Tick, $Trin or VIX...which more valuable?

    don't extrapolate from YOUR experience and YOUR trading style to others. for me, on an intraday timeframe, the tick is the most valuable but i'm not arrogant enough to claim that it is the most valuable - period it depends on your methodology, etc.
  8. W

    Going From 1 to 10 lots to REDUCE Stress?

    "However - I feel it is nearly impossible to make decent money or even appreciate decent performance when you're trading 1 lot." however, how you FEEL is not consistent with how trading and traders minds work. i have mentored many futures traders, and i can tell you it is an exceptionally...
  9. W

    so when the dust settles, which subprimes and homeebuilders to pick?

    KBH at these levels (last i checked) is paying a 3% dividend fwiw. that's a decent moat, assuming their financials are such that they continue paying it
  10. W

    What are the tick extremes for Nasdaq?

    note also that a tick extreme varies for the day type on a heavy selling day, a positive extreme might be 800, but a negative extreme might be -1100 and vice versa for a strong buying day -1000 and +1000 work well for neutral days also note that tick USED to be slightly positively...
  11. W

    Can Start Buying Natty Now

    fwiw, when it comes to commodities, i don't even pay much, if any attention to TA (for swings/hedge trades) except that i buy after there has been prolonged weakness and wait to sell into strength that prevents chasing and gets me a good (historical price) commodities are "different" in...
  12. W

    Can Start Buying Natty Now

    i wasn't expecting 15% + in a week lol when I bought oil, it took a few months to get 25% but when something i own moves that far, that fast, i take some profit. imo, doesn't pay to get greedy or euphoric. i still have 1/3 and will add on weakness, but i was expecting this to take...
  13. W

    Can Start Buying Natty Now

    wow. i sold a fair portion of my UNG IRA holding today. 40.10 again, my longterm strategy with commodities is buy on weakness and sell on strength. don't chase. beautiful natgas!!!
  14. W

    YM & $Tiki

    yes and no trin is more of a "framework" indicator. iow, it tells me the trend of the buying (or selling pressure), and helps put institutional buying/selling in broad perspective. the tick can be more shorterm to help with entries and exits. i also look at accumulated tick (longer...
  15. W

    Can Start Buying Natty Now

    "Yup. A lot of bull suckers are getting killed these days, trying to pick the bottom." schnitzel small position on weakness days and lighten up position during strength) this is how to build a longterm long position when crude was $20 cheaper, THAT was the time to buy. but nobody...
  16. W

    YM & $Tiki

    i find tick and ADD to be indispensable i also watch bonds, sectors, and some key stocks (GS)
  17. W

    Do you stay out of the stock market when there is NO clear trend?

    absolutely not. i make many trades when there is no clear trend means reversion trades work best when there is no clear trend. so called "trendless market" can offer great risk/reward and high probability trades. you need setups to take advantage of that
  18. W

    What's going on with YM

    YM **Z** 7? why december? sept is still front month
  19. W

    the jobs numbers were big surprise

    "it cost us roughly the same every time we have deiced to upgrade;" again, you are missing the point the price of computers DEFLATES you are saying it COSTS the same to UPGRADE duh that means prices are (obviously) deflating, since you are getting more computer for the same money...
  20. W

    Day Trading don't work

    actually, countertrend trading works fine if you enter intelligently, and KNOW WHEN TO ADMIT YOU ARE WRONG for the last 6 years (at least) a means reversion strategy has worked VERY well. i do sometimes enter "with the trend" trades and/or breakout trades but when it comes to futures...
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