Search results

Today was one of the few days when I managed to scratch out a gain from trading ES and NQ: $25.40 total for the day. I'm getting that Rolls Royce now.

Looks like you might be a little bit early, considering that you are buying options. You didn't mention the expiration month, did you? The premium you paid suggests NOV. These options will expire on the 21st, so you better hope the crash you predicted does not start on the 24th...

I agree. But I also don't see what's real and what's bluff when I see market depth. I guess that's why I can't trade NASDAQ stocks profitably. I lost a week's worth of profits in IMCL a couple of weeks ago.

My opinion is this: If you feel like every time you enter a trade it goes against you right away, the next step in improving your trading would be to try and recognize situations where you would likely enter and have the trade go against you. Then you just take the other side. When I had...

When I used to have lots of option and stock positions, my balance in the account window would sometimes make unexplained jumps, sometimes as much as 1%. If you look at how stock options are valued in the account window, you might be able to almost understand it. I don't always check my...

While I am reasonably sure that IB is not doing anything illegal or even semi-legal like datek used to, there is one thing that I have observed, and I believe it happens at the NYSE: Often times I see a trade the second after I put in my order, and it is exactly the price and size of my limit...

Let me just say that we might be forgetting something: IB does have an excellent globex data feed (including market depth). Why pay $50 a month for a data feed that is real time 99.9% of the time, but lags 5 seconds behind in those few seconds per week when you need it most (high volume). I...

I don't think there are many countries who do believe in air conditioning the way Americans do. Before I moved to the US, I had never even heard the word "sinus".

The only volume that speaks is that the morons at the INS pick their nose all day and enjoy having a "secure" job no matter how little they get done.

What's all this crap about being old at age 38? Today I heard that my sister won't marry a guy because he is too old for her (39). I understand that you have a family to support, so I have nothing to say against your statement in this regard, but 38 is not an age where you have to even use the...

Sounds like you are on the right track anyway. It should not surprise you that you fail a few times before you make it. Just like newbies have to try 20 different approaches until they find one that works, you should expect to try pushing it 20 times before you find the right way of pushing it.

I believe "pushing it" means altering one's strategy in some way. Now if all you do is make a strategy change that you "hope" will make you more money, then you are doing exactly the same thing that newbies do when they start trading and try their first approach.

Good for you.

Are you serious? What's the catch? 50% sales tax? 20% property taxes?

That is very true. Even some moron slaving away for $20k a year is actually among the richest individuals in the world. And if after years of hard work and loyalty the system gives him a promotion and a raise, or maybe the union negotiates better conditions for those "poor" workers and he ends...

You got me on this one, harrytrader! I thought this would be some sort of spam, I didn't suspect you would be behind this thread.

This is an excellent post. Maybe you should repeat this in a more interesting thread.

Yes, I lost 1600% once and about 400% quite a few times. I just don't risk too much per trade. I have all month to establish positions in different stocks, and if in the end 30 of them expire worthless and one hits me big time, I can live with that.

I have been in basically the same situation for a couple of years now, and I don't think it has much to do with your geographical location. What has helped me a little bit is to ask myself these two questions about a person who tells you trading is bad/gambling/stupid/etc.: How does he make a...

The value of game theory for trading is not so much that you can calculate examples, but more that you have a basic understanding of how equilibria are found (or not). It is not that important for you to calculate what spread a MM should be quoting theoretically, but to know how this question...