Search results

I can't believe I'm going here.... So the price drivers don't give a specific level, they have a specific price target in mind ? So when you got this signal they said "Surf, cover 3500 points below" or "Surf, cover on a 20% drop" ? If so what do they base this recommendation on? Is 20% a...

Yeah, a lot of people who got wiped out in that mess were FX traders who unwisely use the 500-1 leverage those FX shops give out. Yes the move was insane and unexpected,but still.....when you way over leverage an account in an instrument which can go berserk....well.....you are setting yourself...

I am posting on here at 1:45 am. (and not because I am coming home from a night of drinking). That should tell you how well I am doing. Getting old sucks man. Anyways.....sorry about your kid. Don't mess around with the health stuff. In all seriousness play it safe. In January 2014 I almost had...

Jesus...what's your excuse for being on here at 1:45 a.m. ? I just got back from a late movie. Tape and Dom reading software might work if the actual trading decisions were made by a computer. But a human pulling the trigger? No way man. No way the human eye can beat a computer at that game...

Do you realize that the game of watching the DOM with the human eye ended years ago. I know plenty of traders who did well with it back in 2000. But that game ended back when people used those 9lb cell phones you were hawking were popular. You do realize that the HFT's have perhaps a "slight"...

By far the most moronic thing I probably have ever heard. There is no way that quote can be topped in The Stupid Contest. Nope. No way.

Yeah, but what is better Holding a much larger position with a positive mark or a much larger position with a negative mark ?

Yeah I hear ya. But the line between being bold and being reckless is a fine one. Being bold is setting a stop or an "out" and sticking to it. That's a great thing. Thinking that you "know" the market is going down and saying "screw it, I am not getting out" is reckless. Trust me...been there...

I'm not trying to debate about computers vs humans. I'm an old school trader so really don't get involved with programming systems and all. Some of my order entry is automated, but I am the one making the decision. Not R2D2. I just thought that your saying having a well defined strategy as...

Still waiting for the "Do more harm" part..................... From your posts it seems you might be drinking more than diet pepsi this afternoon.

Uh huh............when you watch a market trade can you tell the difference between a human or a computer that is doing the buying or selling ? What is this important finicky human element ? You can't just build a system or a computer and let it trade? Really ? Somebody better tell James...

How can a well defined strategy do more harm ? I gotta hear this one. This sounds beyond stupid to me, but will refrain from saying anything else until I hear what you have to say.

One of my first trading jobs back in 1993 was working on an institutional desk that covered about 10 very large bank prop traders. These guys traded 500-1000 lots in the 30 yr futures at a clip. 3 of them were cool guys, but the others were vicious bastards at times (I was 24 so at that age you...

Solid advice Ken. I am also in the camp of the psychological part of trading is more important than the strategy. Whenever I go through draw downs (they happen to everyone) it's not the strategy, it's me over thinking things, not taking trades. My strategy is very systematic. The set up is...

Back in 2000-2003 the limits were much tighter so you would see them hit more frequently. Also there wasn't as much HFT activity so you had a bit more time to maneuver things. A trade that worked a lot was to watch them hit the limit. Usually you would see 10,000 or so on the offer when limit...

Hopefully for his sake it was monopoly money and he was just putting on a show. Not sure why someone would want to broadcast themselves getting wiped out with real money.

I think he is caught in Russell 2000 Futures. 100 bucks a point. Down 20 points. 10 lots he's down 20k. He probably had a negative mark coming into the night to make it 25k.

Good ol Surf took the site down. But I'm sure he would own up to it. I agree 100000% with you on the people who sell their trading ideas. Why sell something that damn good ? Because it ain't that damn good.

Nah..I think the kid was caught long over a holiday weekend long. A stop would have not saved his ass.

Surf used to up until about a month ago. He had a website selling his market calls even though there was : "zero proof of ever making a dime in the markets, and zero testable hypotheses made of his ideas"