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Yes, that's how I try to visualize it also. People on the bid and ask are actually limit orders (we'll call them patient, as opmtrader suggested to think about patience/impatience levels); they are hoping for the market to come to them for their fill. Then there are those that are impatient and...

*bump* Can any spreaders out there help me?

I was wondering about setting up calendar spreads on the HSI (hang seng index, from hong kong futures exchange), it has several active months at the same time. Like right now, we have february (january is done), march, and june, all have volume and are being traded. The february and march spread...

Trading breakouts on HSI works well for me!!

Welp, RTK gave me quite the hassle today. Filled 2033 at 1.07, then got out 1233 at 1.10 and the last 800 at 1.07. About a 37$ profit, oh well. 1/30/04 Current Equity: $3,175.64 Starting Equity: $2,500.00 (1/1/04) Current Return: 27.03% 8 Winners/1 Loser Past Trades IONA 6.59% 1/2/04...

In a trending market, yes he will be net positive

And sell 200 FEB 1005 puts?

Woo, sounds like fun. Long QQQ calls?

I dunno about you guys, but I too am adding to my longs. CALLING A BOTTOM HERE! lol what a joke

Lots of very tempting picks for tomorrow including Q, RTK, TGA, NTOP, KCS, MHR, TWR, DHY, NGEN, DGIT. Some are a little expensive/low volatile for my tastes, taking RTK. BUY 2933 shares of RTK, Rentech Inc at LIMIT of 1.07 DAY Market looks like it's done correcting, very bullish candle...

Didn't give an update past few days, getting kind of lazy. Entered TWAV at limit yesterday, filled at 5.28; exited today at 5.39. 1/27/04 Current Equity: $3,138.75 Starting Equity: $2,500.00 (1/1/04) Current Return: 25.56% 7 Winners/1 Loser Past Trades IONA 6.59% 1/2/04 GMAI 2.07%...

Tops materialize slower because up markets move much slower than down markets, the nature of fear and greed (fear is much more powerful). Picking tops is usually more profitable and gives faster results after the top comes in.

Then 1450 is where smart money will come in ;) Check out the thread I just put on QQQ/DJIA bullishness, "No top yet"

One more thing to add, volume picking up as it has been for all the corrections of this bull move. You make your own decisions :)

Here's DJIA 1 year

Still healthy for now, let's take a look at a few charts. DJIA- Has rallied quite a bit over past two months and has been holding off a correction quite well. Wouldn't be surprised if we go to 10250 or so (to the 50 ma) in the next 2 days. After that look for buying opportunities. QQQ- Has...

A slightly off-topic question. I wasn't trading (or watching the markets) in the months coming up to the top in 2000, but I hear that no one dared short/call the top. So, when it came, it just cascaded. Here's what I'm getting at, since then (in this bull market), everyone remembers what...

I'm pretty certain he was doing it by putting on long straddles (look at NOK, one of his examples). This isn't technically market neutral, but rather dependent on volatility expansion. He wasn't truly market neutral.

Yep, long YM from 10430, will swing it overnight. This was overdone, imho, that's what I'm betting on at least.

I'm up 21% this month. Doesn't mean very much because I'm trading a small account (all my trades are documented in a journal btw http://www.elitetrader.com/vb/showthread.php?s=&threadid=24931&perpage=6&pagenumber=16). No point in boasting without telling us how much you're swinging.