Search results

What do you mean by that? Can you explain? personally I find anything that goes overnight much more risky than whatever daytrade, 'cause I'm there and I can do something. Ursa..

Officially the stops are invisible to anyone. Of course the orders are stored on a server somewhere, either the servers from the exchange/clearing or those from your broker. Trailing stops are mostly handled by the brokers' systems and are invisible to the MM. Of course rumors go that the MM...

O, but in that case we agree. The point is of course, what do you define as close? 2 times the ATR of a 1-minute bar would be ok with me :). Anyway, I think any strategy has an exit-point. I don't see the difference between a mental (alerted) one and a real established one. Except of course...

Wrong. You are suggesting that you don't use stops because you have a entry/exit plan. Of course you have a plan, everyone has, or should have. And that what stops are for. You implying that using stops is for those who don't have a plan. That is untrue. I don't see anything you can do with...

I still dont see your point. I presume you have some price-level at which your 'alert' is set. When the MM is breaking the alert, what will you do? Are you saying 'o, it's just the MM, no need to take action'? Then at what level will you take action? And why did you place the alert in such an...

What's the point of not using stops and having alerts set? What are you gonna do when the alert comes (if you're still in time to do aynthing usefull)? So has anyone using stops. If your plan involves closing positions when certain price-levels are reached you might as well use a stop. I...

Well, I guess I don't want to be rich then. The type of ppl described in the article make me vomit. Sure wouldn't want to be part of that crowd. <<BaRF!!>> Ursa..

That sure is an interesting thread and I did find that specific quote. I only read half of it yet, but it seems that in that thread too these kinds of wisdom are taken for granted, without really explaining the origin. Oh well, I'm getting used to it :). It seems that scalping is a true...

So, after a few days my question still hangs in my mind. Again: 1) why would a big ask/bid ratio imply you get long? 2) why would a big sell limit(-2) order mean the 'sellers are trying to stop the downtrend'? These, and similar observation are made in threads on scalping. Is there no...

alright lets wait for Bill then. I would be willing to accept the 2:1 mechanism as a fact, although I would find it hard to trade it without understanding what happens. What bothers me most is the earlier example in Bill's .doc saying "the sellers are trying to stop the downtrend". This...

Is this just an observation based on experience, and/or standard lore amongst scalpers, or is it based on some explainable mechanism in the market. If so, please do (explain). I mean, you're saying that when at the market and someone comes in with a truckload of oranges I should start buying...

Guys, this is all very interesting and I'm learning a lot here, being a non-scalping n00b still. But somehow I seem to miss a very basic principle here that seems to recur in all threads about scalping. First, on this thread it appears that you all find it obvious to go short when the ACV is...

Good observation, thanks. Not bad for a 1st post, I hope you keep them coming. Did u start out as a programmer or as a trader? Are you using all proprietary stuff or some commercial platform? And can u recommend a good developer book for someone with a programmer background who knows about...

I see you did three (your first 3) posts within 15 minutes, all with essentially the same subject. Is it possible for you to gather your thoughts and compress your musings in a single question? Next time? Ursa..

Hmm, it's not that easy to backtest because you'd have to know the actual IV's of the time, not only to determine the price of the original straddle but also to know where the hedgepoints are every day. 2) I'm not sure what you mean by 'close intraday' and 3) if you mean the PnL of the adjusted...

I'm not so sure about that: if you adjust every "X" point you'll lock in 20 cts every time. Reaching point "Z" will have locked you in 60 cts, whereas only using point "Z" gives you 80 cts. The point is, every time you "reset" your delta you give away opportunity in the direction of the trend...

Why are you shouting so loudly? If you want to convince someone speak softly. Or are you only trying to convince yourself? Ursa..

Yes, but your remarks were very wise and worthwile anyway: Ursa..

There is no such thing as unrealised P/L. That is where you go so horribly wrong. When a stock dumps 20% of it's value you think this only happens for real when you sell it? No Sir! Ursa..

No, no, no. Not true! They are exactly the same man. Why would you own a CC when you think the stock goes down?? The position will lose exactly the same amount as when you owned the naked put. Look, take a piece of paper, write down the number and do the math. It is really not very...