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Retail traders NOT know what a basis trade does not mean the problem they are trying to solve -identifying and capturing price patterns- is an easy problem. I would submit that is a problem that's 100x harder to "solve" analytically/mathematically than arbitrage trades. This is why Rentech...

I've been reading about this. You know what this tells me? Most of the big hedge funds even quant ones use very very SIMPLE strategies. Basis trade is one of the simplest arbtirage strategies. They just use a lot of leverage 20x to generate returns. Retail daytraders trying to figure out how...

https://www.bloomberg.com/news/articles/2020-03-27/one-corner-of-u-s-oil-market-has-already-seen-negative-prices?srnd=premium In an obscure corner of the American physical oil market, crude prices have turned negative -- producers are actually paying consumers to take away the black stuff...

3/26/2020 Taxable Acct: Trade Zero ============= $3450.05 ============= I thought today would be the day I finally get my 5 figure day. Not yet. Not too bad. Not complaining. Keep working to improve everyday. :)

3/25/2020 Taxable Acct: Trade Zero ============= Realized gain: $2209.10 ============= Non- Taxable Acct: IB IRA ============= Realized gain: $346(MNQs ) ============= Today was positive but not necessarily good trading. bad entry and bad exit. Could have been up $21K!! Need to be patient...

It's up to $6T now. wow

Kudlow just announced. $6T!!!! Wow.

@ironchef That's the attitude of a winner! I win and I LOSE a lot too. I was down close to -$9K at the beginning of March! But I stayed calm and traded out of it and last week I was green every single and this week I'm green so far. Wiped all of the losses and back up nicely. But the month is...

I have a journal and on twitter. Search for "Road to Consistency" on ET. I journal my trades on that thread. There's always a lot of negative energy on forums. People don't cheer each other on, b/c most people lose in daytrading or trading in general. That's why I stop posting on the my...

3/24/2020 Taxable Acct: Trade Zero ============= Realized gain: $3301.56 ============= Non- Taxable Acct: IB IRA ============= Realized gain: $430(MNQs and QM) ============= Yes, it can be done. Daytrading. Basically it was just one trade with size. Caught a nice uptrend. In and out. It's...

I just flipped in and out of HAL. Up $3.3K. Done for the day. Nice thing about daytrading.

@ironchef @hhiusa The downside is I miss these huge overnight moves. I was in DIS yesterday trading it around 87-88. Since I'm flat everyday, I miss it when it gaps up and now it's $94 this morning. That's the price I pay for being a daytrader. But then again, my account didn't get a huge...

What symbols are you going long? It's a great market to go long or short. Plenty of opps for both.

I'm a daytrader. So, I'm done for the day. I was long DIS, BA, CGC, SPCE, QQQ, etc. Up $2304.76 trading equities and up $540 trading index futures (MNQs). ALL long positions. I'm done for the day and flat.

I'm a scalper. So it doesn't matter which way the market is heading.

Yeah. Yet, here I am making money going long.

Futures limit down again. Market trades like a penny stock now.

I just trade intraday though I spend a fair amount of time studying daily/weekly/monthly charts. But I don't trade off of longer term charts. I like to compound my capital daily. I wonder what will happen to the F.I.R.E. movement people who retired early(some as early as in their 20s and 30s)...

Futures limit down