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Or maybe someone knows why there are options on QQQ and DIA...

Now I understand!

Good point, but I believe for most people on this board you have to be less subtle to get your point across: When you ask people here how many ES points per day per contract they average, most say +4 points or more. The overwhelming majority does not seem to understand the meaning of the word...

What about M.A.S.H., Radar, Laser, MIPs, RAM, ROM, SCSI, NAT, and NASA?

I say "Mack Dee", too.

I wouldn't necessarily say that, but the point is that you can afford 1:2 trades instead of 3:1 trades when 80% of your trades are winners. Or, to put it this way, if you put on 1:2 trades and have a good system, chances are, 80% or 90% of your trades will come through and you will still...

My point exactly. Except that I stayed with trading the ES (instead of customized stock baskets) for liquidity/commissions. I was thinking long and hard about whether or not to completely eliminate time out of my indicators, but I arrived at a compromise, where time is still factored in at a...

What about Wall Street?

Would anyone happen to know if I (being the average Joe) can get information about the order imbalances for free somewhere or is it just a source of revenue for the exchange like the funky NYSE level II look-alike they invented a few months ago?

rs7, thank you for starting this thread, the philosophic aspects of trading that you are trying to explore (if I read you correctly) are one of the main reasons why I started trading a little more than a year ago. In the end, I don't think I will care whether I die rich or poor, but I will be...

I agree with you that from a very short term point of view this week in the ES was not much different than the preceding months. Since I am rather new to trading and therefore did not know that, I stayed out of the ES most of the time and traded securities options instead (you can't lose there...

That's assuming you don't have enough capital. Give me $1,000,000,000 and I will show you a QQQ bid on ISLD that affects the NDX.

I would think it is a world wide phenomenon. It's just the way the vermin known as humans try to maximize their reproductive success. And I hate being alive for that reason, and I am ashamed of being a human. Since my body does not react too well to mind altering drugs, I have to find things...

Yesterday was the first time that I noticed lots of average Joes saying they are taking all their money out of the stock market.

Well, the time I am in a trade is generally between 2 and 20 minutes, I am only trading 1 contract until I gather enough data to be reasonably sure my strategy has a chance to work consistently. So far, I have done one or two trades per day, averaging about 2 points per trade with two losers of...

For more than half a year, I have tried to trade ES profitably, and whenever I found something that seemed to work, all my gains were eventually erased and then some. About a month ago, I started calculating my own indicator, and since then I have done quite a few profitable trades, but I am...

I totally agree. Interesting how that 1% who don't get busted always happen to be the same buddies and never the little guys. I have written to the crooks at Island about that every time they busted one of my trades and never received any response. Qui tacet consentire videtur.

At that size, IB's cost advantage is not necessarily overwhelming (except for securities options!), but they are still the cheapest. And if you want to buy 100 MSFT for 53.01, 100 MSFT for 53.05, 100 MSFT for 53.10, 100 MSFT for 53.15, and 100 MSFT for 53.17, you pay the same $5 that you pay for...

I have heard that especially before/after hours trades are likely to be busted if the other party doesn't like their outcome. Also, I have never heard of anyone who traded retail and successfully had a trade busted. I guess we will have to leave this strategy to the people who control the...

The problem is that those trades are not declared erroneous for half an hour or so, and by then the indicator would be too late.