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    Reaction to Michael Lewis's book and "60 Minutes" interview

    I don't think it's too hard. Based on the cable length traveled on the traditional route, IEX should be able to calculate what the latency of that order should be (how long it should take to get to the exchange). If an order arrives at the exchange faster than the proposed latency, an...
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    Is day trading worth it?

    +1000 this. I think this is what irks me about the SLA threads.
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    ES Journal - 2014

    Scratched it at +1, have a good weekend!
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    ES Journal - 2014

    Hello ES, please die. Thanks! <3 Bigsnack.
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    ES Journal - 2014

    I just sold 48.50, keeping size nice and small so I don't ruin the morning if it jumps and bites me. Targeting 43.25
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    ES Journal - 2014

    Anyone still trading this turd going into a Friday afternoon? Above 57.75's and I see 61 easy, and I wouldn't be willing to sell a pullback unless we get below 49.75's. That's a lot of no man's land...
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    Is day trading worth it?

    I think it's the perception of having the market completely figured out that might rub people the wrong way. Again, let's hear about some whopping loser calls. Let's be reminded that we are all human and cannot perform flawlessly at all times. Let's hear that there isn't a reasonable...
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    Is day trading worth it?

    To me, I can't see any type of written material really capturing what changed my view of the markets. If I ever got the point where I felt compelled to teach someone what I'm doing, I think it would have to be on a small scale (1-2 students) on the basis of a percentage of profits. That would...
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    Is day trading worth it?

    I wish I could elaborate more. It's hard to formulate but you will know the feeling when you have it. I think it boils down to your brain's perception of how money is earned. For me it has almost always meant hard work, or at the very least the completion of a project or the feeling of a job...
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    Is day trading worth it?

    To answer the question actually posed in the thread, I think it CAN be worth it but it really depends on the personality and their goals. For me, the jury is still out. I had my best year trading the ES in 2013. 2014 is shaping up to be better than that. That being said, I don't feel any...
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    Is day trading worth it?

    LOL! Well played.
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    Easy edges in the markets for retail participants?

    For what it's worth, I had a moment last year as I was battling a drawdown. I saw something on the chart that I knew that I had seen for sure. It wasn't something that I thought only looked vaguely familiar, it was something that "YES, I have seen this over and over, I'm sure of it!" I made...
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    ES Journal - 2014

    How so? Can you articulate? Do you feel like your plan is hitting a drawdown, or do you feel like you aren't following your plan?
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    ES Journal - 2014

    And so the bear market begins... :D
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    ES Journal - 2014

    So do you consider the ratio more important than the shape of the chart?
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    ES Journal - 2014

    Ammo, is there a certain time of the morning where you safely can say, "it's a trend day"? For instance, if DVOL is flat through 7:30 (or some other time), can you make the call at that point? EDIT: I'm in PST, so 7:30 for me is an hour after the bell.
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    ES Journal - 2014

    Nice entry Ammo! I see 61.50 as the only real support up here. If we hold above that during RTH, I'm trading long with a target of the moon. A failure and I'm selling with a target of 47's or so.
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    ES Journal - 2014

    TO. THE. TICK. Nicely done! :)
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    ES Journal - 2014

    Good morning! If we hold inside of yesterday's range before the open, I'm playing for 42's and then hopefully a retest of Friday's high. If we trade below 32.25's and hang out, I'll be playing for 26 evens and then 22.50's.
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    ES Journal - 2014

    Great snag Ammo! That move down to 33.75's was just a little late in the day for me, good to see someone catch it.
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