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lol what were thinking you could move markets with your order? lol

Glad you stayed in the game until today. Impressive! The reason why I thought to respond is this: there is a large number like you and your friends in the past who join every day the trading arena. I always laugh when I read a post from a new guy coming with a 50K, very warmed up to witness a...

Excellent response. Thanks. I trade them similar to what you said with the exception of the setting in the MA and the fib thing. When BBs are flat and I fade them, sometimes price goes to the lower bands. From there it can go up, but it can also go down (hugging the lower band for a down...

I would like to ask how ET people trade using bollinger bands? I read in a book by Bollinger that there is a frenchman (maybe his name is cahen or cohen?) who has found various ways to trade them, but bollinger did not elaborate more. I was not even sure whether bollinger himself makes anymoney...

hey guys, keep it cool and easy folks. No fights, just opinions.

Look my friend. I am talking about being on the table for 40 years! You have to spot all suckers following your logic. Many times you will be the sucker, that is a certainty, and you have to account for many such cases. You are talking about a half hour, I am talking about 40 years. That is what...

Trading is the hardest business out there. 80% have to pay the 20%. All that writing at the beginning is easy to realize. The problem is that you will end up in situations where you think you are the sniper when in fact you are the snipee. When you realize it, and change your mind, the market...

Do you know any low commission canadian houses? Do you trade with a canadian brokerage? How do you avoid PDT (other than meeting the 25K minimum)? Thanks

Chico911, What you wrote is impossible in a real account. Why? Because the SEC rules do not allow you to trade more than 4 trades in 5 days! So you are either not trading, trading in a paper account, or simply lying if you say you are doing it in a real account. Tell the truth...

You are smart and experienced! You got the idea that I meant selling option premium in those situations. And yes, build them side by side, one by one, wider, thinner, taller, etc. Even indian TPs (if the spelling right?)! I find viewing trading like stories is an effective way to trade. I...

Here is a passage from Adam Smith's book the Wealth of Nations: "By pursuing his own self interest, every individual is led by an invisible hand to promote the public interest". I want the traders to define in the above quote the meaning of: 1. The "self interest" as it relates to...

guys: the question should be in my view, how could one achieve a safe, scalable rate of return which is 2 to 4 times the risk free rate of return? it the answer is yes, then one can obtain any rate of return one pleases!

profitable for who (writers or buyers)? and why is that?

What does bp mean?

Markg: Congratulations on making money on that stock. You have earned it w/ your analysis. I really enjoy it when I read about people making money with all sort of self designed ideas. I think that your analysis holds potential. I have a similar thesis about the indices, but I think that...

I build tents! I construct them with money raised from those who feel they need to be safe from a (non-existent) trend. When the trend is around the corner, I take my tents off and leave (with the money of course!) to do the next trend thing. The experts may know what I mean by tents (my...

If by trading less you mean open a trade and let it run, there is truth to that depending on the context and strategy used. The problem that people have, and that all these threads have, is that they never give the reason for why should this be so! So give the reason for this in a way both...

Walt, You may have checked this thread http://www.elitetrader.com/vb/showthread.php?s=&threadid=117842&perpage=6&pagenumber=1 If you did not, I suggest you do. Read for instance some responses from Atticus to straddle writing. People in general try to get away from pin risk. Atticus went...

Remove that and their cash machine may go silent. You should have patented your idea. You seem to be a smart guy and I hope you do not underestimate your ideas too much in the future. But glad that you are receiving.

I just re-read what you wrote. So what I understand now is that pin is an objective in this case. I am intrigued...Must be something real smart here...