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This brings up an interesting question: How DOES the NASDAQ close? All I can see is that at 4:00 the MMs stop displaying their quotes, but other than that there is no real close. I wonder how they determine the closing price for NASDAQ stocks. It wouldn't surprise me if they just took the...

Actually, you are right about that one. I don't have a single pair of shoes left that would need to be tied. However, my master's thesis is about knot theory, so whenever I do have to tie my shoes, I can just look up how to do it. That's what I do whenever I have to wear a tie. Which...

What do you expect me to say? If you honestly believe there is a significant number of factories built without money from at least one billionaire, the only way to prove you wrong would be to do an enormous amount of audited (or notarized or whatever proof you might require) research, and in...

I don't believe a billionaire has ever "built" a factory. The billionaire usually pays an architect to design a factory, a contractor to build it, who hires lots of workers etc. etc. How about you give me an example of a factory in whose inception no billionaire was involved in any way...

Has anyone ever found it amusing that they do halves and quarters of thirty-seconds? I mean, what't the problem here, can't count past 32?

I realize the market changes constantly, but the thing is, I took my signals from that indicator and entered the trades (in the form of limit orders) manually. After 6 months, I backtested my indicator on the data where I had actually made a profit, but of course in the backtest I could not...

October 31 AUDIENCE: Anyone who trades on Island. SUMMARY: On November 3, we will select 20,000 trades executed on Island during the previous two weeks and bust them. This will be done to replenish the trading accounts of organizations who have certain ownership relations with...

Isn't it amazing how some people just have no concept of numbers? How many "Bentleys" or "Picassos" do you think a rich guy will buy? Somehow I don't think if he makes $10B he will spend more than $1B on those stupid trinkets. The rest will be invested in order to make more money. But why...

It's the standard trick. You make money off of the 90% who are unhappy, but don't complain, and give a refund to the rest.

The one thing that I think may point in the direction of your mistake is that you are talking about two stops. If your sell order is filled at 1010, then you need a profit taking LIMIT buy order at 990, not a stop.

First of all, let me mention briefly that I have a problem with the word "home made". It is often used with a negative connotation, especially in the context of merchandise, when all it means is that it is made in someone's home, usually by the entrepreneur / inventor himself instead of in a...

Exactly: Give a working idiot a 50% tax cut and he will buy some more beer and a new TV, but give the wealthiest 1% a 10% tax cut and there will be 10% more jobs in this country.

I do the same thing. But trading futures instead of stocks has made me a lot more careful. With stocks, I would usually make a point or two per day on my good days and lose anywhere between 2 and 10 points on a bad day. It would actually have been very profitable if only I could have...

Actually ALL price movement is the result of buying and selling activity of the market participants. Except ARCA quotes, obviously. I'm almost at apoint now where I don't even watch CNBC when the news comes out. The news itself doesn't matter anyway.

And I thought it was just me. I had one of those "option trading" experiences at exactly the time when IB went down. You know, where you see 50 lots offered at 0.35, send in a limit to buy ten for 0.35, and about one minute after your order goes live, the quote is updated to 0.35 x 0.40...

It's true, the odds of becoming an ideal mate are probably against GG, but he has one quality which is necessary for such a development and which very few display as strongly as GG: He is very aware of the fact that anything he thinks he knows or believes could be wrong. I could be wrong, but...

If you were, I would have to warn you that there are only very few people on ET who are marriage material. Actually, the only ones I can imagine being good mates (for an enlightened woman) are Don Bright and rs7, but if you give GG 20 years, he might just become the ideal spouse. I think he...

I was thinking the same thing while I was writing the original post. But anyone who watched the treasury futures the last couple of days must have seen this coming. I came into the day long NQ and ES and around noon something told me to go long ZN and short ZB. Unfortunately, that same voice...

Here's a thought: Most of the time when the stock market goes up, there are instruments that go down: Gold, treasuries, currencies. If I were you I would take a look at ZB and ZN. This usually helps me when I just can't get myself to run with the trend in the ES or NQ.

Agreed. And the sad part is that these two camps overlap in mutual fund managers.