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  1. W

    Can they see my stops?

    i love this "they" stuff i trade from 1 to 5 cars of YM if "they" are gonna move the friggin' dow jones futures contract several points to hit my stop, more power to em fwiw, though. i rarely trade during the doldrums, and only one or two very specific setups. it's thinner during...
  2. W

    zero sum game?????????????

    "The fact that one can benefit AND be on the losing side of a futures transaction makes it a non zero sum game". false. you don't even understand what zero sum MEANS sad
  3. W

    Money needed for swing trading

    3-5k is doable for swing trading, but very suboptimal i did it. so i know it can be done. 10k is decent first of all, u need rock bottom commission. ameritrade izone is nice for really cheap stocks, because you can get $3 per trade, unlimited shares. otoh, IB's commission...
  4. W

    What else do I need

    i gotta put a word in for quotetracker. imo, it is great. and i have never used a product where the product designer gets right back to you when you have email questions or suggestions. the charts are great, the service is great, and the price can't be beat. and new features come out...
  5. W

    Is Woodie a fraud? YES...?

    assume for the sake of argument, he WAS making $$ with his CCI "system" at one point. generally speaking, any edge that is widely disseminated and used ceases to be an edge
  6. W

    Superior trader, a born talent or can be taught?

    i hate to get all tautological here, but of course superior trading requires more than most people have. if most people had it, that ability would no longer BE superior. superior traders don't have 1) better equipment 2) better information 3) etc etc etc we can all think of umpteen...
  7. W

    zero sum game?????????????

    rigid? lol it is so simple. FOR EACH AND EVERY LONG CONTRACT, THERE IS A CORRESPONDING SHORT POSITION THE ***NET*** IS NEUTRAL. HENCE, IT IS ZERO SUM it has nothing to do with rigidity. futures are nothing more than agreements. that is all. stocks are not. stocks are...
  8. W

    zero sum game?????????????

    that is part of your problem it's irrelevant the issue is not whether a single (or specific subset) of transaction is or isn't zero sum it is a matter of the MARKET. a market is the aggregate of transactions. it is a lattice, a matrix a futures market necessarily HAS to be zero...
  9. W

    zero sum game?????????????

    you still don't get it dood of course he made money but no WEALTH WAS CREATED INSIDE THE FUTURES MARKET why is this hard to understand? two people can have opposing contracts i am short winter wheat Oct he is long winter wheat Oct. winter wheat goes down in price i make $$$...
  10. W

    zero sum game?????????????

    this thread shows more about human psychology that the stock market the proof has been offered over and over again the naysayers refuse to even comprehend it. they CANNOT be that stupid futures - zero sum stocks - not zero sum interestingly, half the opposition to these obvious...
  11. W

    Can they see my stops?

    i think it's more than that. btw, love yer posts, don. stops are arguably not NECESSARY for many traders who do sit and monitor their positions really closely. but even when i do that, i always set stops, and always upon entry (when trading YM). my reasons are this. my setups work...
  12. W

    zero sum game?????????????

    all these maroons posting here might be signs of a bubble. it was said that JP Morgan (iirc) pulled his money out of the market because he was taking an elevator ride, and operator started bragging about what a killing he was making in the stock market. when an elevator operator in 1929 is...
  13. W

    zero sum game?????????????

    oh my god. the blithering idiots continue... "It is not entirely a zero sum game due to dividends! "If you bought say GE for $30 and received $2 in total dividends. Later, I buy GE from you for $28, you only lose the $2 of dividend earnings, not your initial equity. "" STOCKS pay...
  14. W

    Stops

    "Would you mind sharing more on this? My thought is that there must be more opportunities in stocks (there being > 5,000 of them) than in futures (there being << 5,000 of them). With so many people following the same contract there must be fewer opportunities. Only issues with stocks is the...
  15. W

    zero sum game?????????????

    the issue is not whether or not new money is infused into the market. the issue is that for every penny that is infused long into the futures market, a corresponding penny is necessarily infused short balance = 0 zero sum game qed
  16. W

    Stops

    "Interesting whitster, I traded YM for 1 year and then switched over to ES and love it. Ym is to choppy to me with the 1 point increments." but 10 YM points equals 1 ES point, so a 1 point move is LESS than 1 ES tick (which is a 1/4 point), so i don't understand how that equates to...
  17. W

    zero sum game?????????????

    i am now scoring the "futures are not a zero sum because they are like really cool n' stuff" and "stock market is a zero sum because everytime somebody buys a stock somebody else sells it yo" **trolls** on my patented Dow Jones (tm) Troll-o-Meter...
  18. W

    zero sum game?????????????

    <GOLF CLAP> frankly, i can't believe these people that are arguing the futures market isn't zero sum or the ones arguing that the stock market IS, are anything but papertrading 16 yr old playing on their mommy's imac
  19. W

    zero sum game?????????????

    also, it is simply astounding to me that you cannot grok the concept of what zero sum means it is not a value judgment. it does not say the futures market are icky and bad it says something instructive about their structure. personally, i love futures. love em. that is 100%...
  20. W

    zero sum game?????????????

    dood. get a frigging dictionary. zero sum game has a precise, defined meaning futures are a zero sum game. it is not a VALUE judgment it is a structural definition apples are a fruit that is a definition. it doesn't say they are good, bad, or whatever get an education...
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