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Day trading will make you a living but position trading will make you rich :)

Maybe I can move there after college :) Sounds like a great place to trade/live. I've been to dominican and virgins but never to bahamas

Still interested in sound, I have been playing around with it in C using t&s history of ES, I plan to do something along these lines. Due to canceled orders/fake size, using market depth/level II as the data for the sound is flawed. Instead I plan to take the history of trades (which is what...

Ever read Reminiscences of a Stock Operator? Heres a quote, it's about stocks but applies to any kind of trading "Remember that stocks are never too high for you to begin buying or too low to begin selling. But after the initial transaction, don't make a second unless the first shows you a...

Not enough volume for intraday arbing and at EOD they settle at common stock price.

Forgot to update last night, was watching apprentice and then didn't get a chance to get on comp. Got out of FMDAY at open with some at 1.15 and some at 1.14. BEN- will be getting out tomorrow at market MWD- Out right here, 59.36. +2.66% WHR- Out here, 73.23. -0.41% DOV- Out here...

Interesting, I'll see how that charts later. I use rsi(2) in some of my swing trades, I like the setting very much for rsi. Was wondering, what kind of hit rate you getting running this? What kind of profit is the average expectancy?

Thanks for the overview, very interesting, still learning about economics and monetary/fiscal policy (considering majoring in economics too). Now the question is, will you be making your money tomorrow on the long side or the short side? :)

Where is it traded? Can I get it through IB?

Got my FMDAY at 1.08 and so far still have the full sell order on at 1.11, holding for another day; this one still looks good I have 4 positions on in my paper trades now, will manage them for now and not add anymore for simplicity's sake... BEN- Entry at 56.90, looking great so far. Will...

Any idea of what he will talk about tomorrow?

It bothers me because these people, like waggie said, are putting on imaginary positions. It's not worth anything beyond it's small entertainment value, it's simply annoying and a waste of resources on this forum.

The majority of my trading is swing trading. The point of this thread was to not to call a turning point, simply to give my viewpoint, my observations just as you gave them, which was that what we saw was not going to be a major correction and that the market will resume the up trend. I value...

I don't know about that, I see resistence at 1200, it will most likely test and we'll have another pull back but I see it breaking through after that

QQQ acted exactly as anticipated, turned on a dime at the 50 sma. Cleaning up on long calls right now, how about you? Trend is still up fellas, don't kid yourself. DJIA/SPX making new highs, more up room for now.

Relax guys, the biggest reason why this strategy fails on stocks/futures is because you're paying coms. With forex you have a 2 pip spread to pay, he factored this into calculations. I say good luck and keep us posted.

It all depends on what you anticipate will happen. If you think that YM/ES are overextended or if NQ is lagging, the best play would probably be to put on a spread. Short ES long NQ, but just an example.

A squeeze during stall signals a long, then I assume a divergence in stall signals short? Does it matter in which direction YM diverges from cash? I've been trying to understand your methods and have slowly been piecing it together, very interesting

Try this... Take the normal stocks that you would be swing trading and then day trade them with a bias in the direction of your swing trade. You might also want to try putting on a swing trade size position and then trading around it, this will also let you 'short' without an uptick (assuming...

Found a nice lookin' FMDAY for tomorrow, a shame that I sold XEDA before close, it's up like 4% after hours, I guess I'll try sticking to the plan better next time. As far as paper trades, below are my new paper trades. I think I'll do these without the 2% profit target and trade them as more...