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In response to my email, these guys claim they called the drawdown of the market: Yes, my RIX Index issued a Sell Signal on the Nasdaq on 5-11-06 and a Sell Signal on the NYSE on 5-15-06. We smiled while the market dropped. Jim Rohrbach

I'm sure you didn't mean to say giving charity would be at the expense of your kid's lunch money, as you seem like a successful trader. I do feel the poor must be reckoned with even when it's their fault (= "mercy"), how much more so when it's not. I know you sold a lot of puts, and I hope...

Logged on to that link. Absent your views about him (because of his religion?? charity activities?? spamming??), do you disagree with his following statement: "LCM does not rely on emotional or subjective reasoning for trading decisions. Says Bill Lussenheide, 'The crowd is almost always...

Backtesting: Interpreting the Past March 2, 2005 | By Justin Kuepper Backtesting is a key component of effective trading-system development. It is accomplished by reconstructing, with historical data, trades that would have occurred in the past using rules defined by a given strategy. The...

That's what I wanted was feedback regarding the guy. Please elaborate about your assessment.

Lussenheide Capital Management Thursday, June 15, 2006 Broadcast The equity markets finally have found some footing, with a large 2 day turn around, coming out of a severe oversold condition. It does somewhat amaze me how the Wall Street Media has basically declared this correction "Now...

Is this what Genesis is unique for in comparison?

Alternative that should make about EVERYONE happy (except ES): Whatever is not relevant to the theme the one who places the posting will himself press "reduce" to reduce the size of their posting. This will enable everyone to quickly identify what's relevant, & spare others from flipping...

This is my theory, not backtested. Agree or disagree? Step 1) taking out the stop losses & causing margin calls (note exposure is visible), Step 2) bringing the stock price back up again to unload a bit to the bottom fishers a bit, before bringing it down further so that the bottom...

For you own sake, perhaps Google the difference between a "suggestion" versus "telling" someone what to do. This forum is called "feedback"; ET is the best because they are proactive. Being the best doesn't mean take a vacation.

What about all the 10% per month folks?

Also, was this from intuition, or from using a particular indicator?

IMO, The chit chat that occurs in the middle of a trading thread damages Elite Trader because: a) members become less focused & less motivated to say something intelligent. b) it takes forever to siphen through previous threads therefore the needs of the traders are less served...

That is a very wise statement. Something I picked up from ET a few months ago: there's a difference between a trader and an investor. Putting them together, daytrading IMO requires the most backtesting; if you haven't backtested well, (don't be a "daily trader" rather) be an investor. BTW...

Apologies, I had misunderstood. The opposite of what a novice's sense would lead him to do (assuming he is usually off)--but actually this is not so correct either.

I'd bet doing the exact opposite of that innocent feeling would get better results.

Please make it short & sweet, perhaps based on your experiences. I will start, and as others contribute I will post more. Here it is: "Especially" if you think you came up with something to outsmart the system, start small; if you are right, you don't have to reap the benefits today.

BTW, I didn't mean to say PowerOptions isn't good, only that the "subscription" price if someone doesn't know what he's doing can be VERY high.

Very true, you will notice there will often be a negative time premium. I.e. if you will sell your in-the-money longs instead of exercising them, do some math and you will see you often are giving the guy on the other side an instant arbitrage oppty.