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And here's how that trade played out. So you see, my friends, while the market does have patterns that can be exploited, these patterns require CONTEXT. I'm not saying you should watch Cnbc or anything, but simply be aware of what's happening in the world. Glad I could help.

So I heard that there was this thing called Technical Analysis, which allows you to extract consistent profit from virtually any market. The basis behind it is that by following commonplace market patterns, one can predict the course of the prevailing trend. This can all be done with...

Oh sweet I didn't know they had those, ima get one.

Let's move away from the whole psychology motivation blah blah. Practically, my point was that the market makes it's moves very difficult to determine, due to the sheer amount of stuff that's happening.

You were right. That was pretty hard to follow. I'm familiar with the tendency of the market to act on news before the news actually happens. It is clear that word reached traders before the general public found out. Perhaps i'm using the word "news" incorrectly. I mean a development or current...

I agree. Reasons are not important, only the effect the news has on the market. However, isn't it a little bit difficult to accurately trade when lots of random, unexpected current events are unfolding? I like to call them miniature black swans, if that makes any sense.

Right, the content isn't important. However, the effect on the market is very important, otherwise you get thrashed around for seemingly no reason. You may be trying to trade a trend and then suddenly the market goes in the opposite direction. This happens a lot, seeing as just about any type of...

How did that imply that news is useless? when those thousands of traders get the news, they act on it and their actions are predictable. Therefore, one can trade anticipating those trades, and be in front of the trend that is created.

You'll start caring when something else happens somewhere in the world the next second and the trend reverses.

Ever seen a nice trend just completely destroyed by a spike in the opposite direction for seemingly no reason? There's a reason to everything. Even if it's due to something irrelevant like a lunar eclipse in south korea. While the market will eventually price this in, it doesn't happen...

But you won't have a clue why it's doing what it's doing, and therefore will be in the dark regarding whatever may happen in the world.

Aha yes but this is difficult when, at the same time, you have to take into account people's perception of: 1. a consumer sentiment report 2. house sales numbers 3. Terrorist attack in russia 4. Nuclear threat from north korea 5. Fed proposing new regulation and a whole bunch...

I have to agree, nearly every noob strategy i've seen involves reversion to the mean. Traders naturally decide something is too high or too low, and expect it to return to the middle range. You guys i'm sure there's a multitude of reasons why traders fail, but has anyone ever dealt with the...

I'm thinking that the high failure rate among retail traders can largely be attributed to the following. -There is so much going on in the world at any given moment, that it becomes impossible to keep up with it. There is literally more news coming out at any given minute than one could even...

You TA guys ever feel as though youre trying to see something thats not even there? Drawing various squiggly lines on the chart pretending like you have some idea of whats going on. You do realize that there are 200 countries in the world each with their own economies, and every small change...

I need real-time charts on literally everything. This includes every asset class from all of the major countries. I don't plan to trade on any of it yet but I just want to be able to quickly open up a chart on whatever I need, and be able to compare. Hopefully someone can point me in the right...

So I brought this chick home from the bar and I think she was a married put but what the hell. Anyway her naked call was so in the money, she turned my short put into one hell of a long call. It started out pretty vanilla until she showed me the strap she brought. She wanted my long condor to be...

Besides the commission and various fees, are there any other ways that brokerage firms profit? Thanks.

How does the price of derivatives such as ES contracts stay in line with the security it is based on? Is this entirely due to arbitrage? Do the different prices ever separate by a wide margin, or do arbitrageurs always keep them in line? Thanks.

Is it possible for any orders to be filled outside of the bid-ask spread? Meaning can i sell something for 60 if the bid-ask is 54-55? Is it possible to buy just above the bid and sell just below the ask for an easy flip? When I place an order does it always go through a market maker or...