Search results

funny, just realized my username is from a book i read when I was 12 also. ha.

I read Raistlin books when I was 12. Is that how old you are?

SPY's and QQQQ's are worthless to trade. Very little free money there IMHO. Much more free money in other stocks. Commodites, oils, and home stocks are where i see the most free money.

What issue was this in. I believe I suffer from this. When all you do for 6 1/2 hours is watch quotes I believe the mind becomes accustomed to this circular activity and your mind gets out of practice and forgets how to do other tasks. If I'm talking to someone after trading I easily lose...

I will reconsider the first time I go to my gas station and there is no gas available. But until then it appears to me that oil prices over $60 will be a short term aberration. As long as the cost of production is what it is and there is enough supply to meet demand i would not want to bet...

Scanning over this makes me think these prices will not last. Days, weeks and maybe months but not likely years. http://www.wtrg.com/prices.htm The key point. "Over the same post war period the median for the domestic and the adjusted world price of crude oil was $17.18 in 2004 prices...

I find that i can predict markets in very short term. But go out more than a day and it gets tough. For example, if price of oil is down $1.50 when the market opens tomorrow, i can correctly predict that any oil stock that barely opens down will be a good short. However if i try to predict...

I notice that sometimes the crude oil futures trade as if they are an oil stock. For example, friday SLB and HAL have blow out numbers and are up huge sending all oil stock indices and stocks soaring. I don't think its a coincidence that the price of crude also staged a big rally. My...

what techincals might those be. The market has been straight sideways for 7 weeks. It goes up, then down, then up again, only to go down again. Before you know it, its gone nowhere.

Prop firms work great for day trading. This is because a good day trader can control the drawdowns to just a few percent a day. So 50-1 leverage is no problem. But the model breaks down for overnight trading because the drawdowns are just too large and too much is out of your control...

I think i figured out the answer to my question. There are no firms. It would require a prop firm to have many tens of millions in excess equity. And I don't think the firms frequently mentioned here have that. Not sure. At least when you are seeking $50 million plus buying power, hedge...

Momotrader, my point was that I was wondering if it is possible anywhere to trade overnights without being bound by having to put up money. Bound by your own capital limitations. If you have to put up your own capital then you are immidietly bound by the economic reality that overnight...

I still don't get it. I understand that refining margins would increase. And the remaining refineries would be willing then to pay more for crude oil. But that still wouldn't necessary keep price from falling if there was far more oil on market than the remaining refineries could process...

I think what i'm looking for doesn't exist. Which makes sense.

I would want infinite leverage. Meaning i have no money up except maybe for hold backs of past profits. Getting to keep 20-40% of profits would be good.

I don't understand that. If half the refineries in USA blew up tomorrow. Price of gasoilne and distilates would skyrocket. But why would crude oil go up? There would be shortage of refined products but tons of oil on market. Right??

I have done well in all time frames. The day trading game can be leveraged far more than the overnight game because the max drawdowns are so much lower. Problem is the day trading game has a maximum liquidity that you can day trade. As i mentioned in another thread, you can't really day...

What is the optimum business plan for a great trader/investor? How does an individual best leverage his ability to make long term calls in the market? I can open an etrade account and invest with 2-1 leverage. Not much leverage and bound by my own capital limitations. What if I only have...

Like the previous 20 sessions. LOL

Here are my picks. Please share your picks if you like and give feedback on my picks and those of others. Enjoy. My long pick is SOHU. ($21.34 6/15/05) What currently is so exciting about SOHU is that its search engine SOGOU.COM has increased its traffic by 400% over the last few...