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Proper trading is based on a number of axioms, including: 1. As risk increases, reward decreases. 2. As volatility increases, risk decreases. Naked shorting volatility is the exact inverse of these two axioms.

Never short volatility. Ask Victor.

The method holds up pretty well even when confronted with missing data or a lagging connection. The data I receive is accurate most of the time and compares very well with those of others. You can compare some charts that people post EOD and see for yourself. On the rare occasions that I...

Chart for December 18 2007

Chart for December 14 2007

Spyder, how do you differentiate between a lateral and a flat base penant before the FBP breaks?

Yes, it turns out it was part of a lateral formation. The move suprised me at first because I didn't see a wall in the DOM or any other indication that price would reverse. I get it now. Chart for today:

Any ideas on how I could have distinguished the FTT @ 13:55 from a flaw? It seemed alot like a flaw to me untill price started to move against me on the 13:10 bar. What did I miss?

Could anyone tell me how to select the March contract in NinjaTrader's basic order entry screen?

What software do you use Tums?

Chart for December 12 2007

At what settings do you have those audio alerts configured?

Subjectivity is the selective filtering of information in order to reinforce a bias. An example of subjectivity is your claim that I do quick mental calculations of risk:reward whereas I do not, nor have I ever adviced anyone to do so. Another example of subjectivity is sharing your view...

Making money is not boring. It never will be.

December 11 2007 Post-FOMC market action:

December 11 2007 Pre-FOMC market action:

Is this going to be about value plays or options spreads? Or both?

I don't think your annotations would become incorrect if your original "widened tape" absorbes another channel. Channels overlap, so this would even be expected. I would have left in the old "widened tape" and would have looked for another p1 and p3 to more accurately reflect the change in...

Risk/reward is not a derivative of prediction but of price and volume. Increasing price (either long or short) and increasing volume carries the best risk to reward.

You didn't make a mistake. You got out with a small profit when you saw that the trade had a less than favourable risk/reward ratio.