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Filled on all longs today and the spooze just kept going down. I was not real psyched with 7 longs and futures tanking. Anyway, 7 fills, all longs, net 38 cents on losers, net 55 cents on winners = +17 cents. 7 positions is way too many for me to watch, I think I need to expand my envelope.

I was wondering about the effectiveness/uncertainty of O.O.'s on the first day of the quarter? I am a little hesitant to do them because of potential huge opening order volume for institutions re-establishing positions. Any thoughts...and if possible before the open?

I think Robert and Thugglife would agree....we would have better chances with ladies if we forgot about the whole trader approach and just told them that we sleep 'till noon and go surfing 'till dark.

That's what I thought too, Candle. Especially when I started with a prop firm here in San Diego, I thought I was all set. When a women here asks what I do for a living I proudly announce that I trade stock, and every time I receive a confused, blank stare followed by a "hmm". San Diego has...

I have no idea why I'm sitting here, do I actually think that something is going to happen in the next hour?

I tell you what, don't do MMM in O.O.'s, go look at a 1 min and you'll know the pain I felt. Anyway, 2 winners and 1...umm, i don't know what you call it, disaster? +3,+25, -80.

Sorry Hitman, just kidding. I think primarily recruiting out of Ivy league schools is the most ridiculous thing . I know some very tech-savy, analytical minded people who are just not good traders. Some of these guys are so used to being right all of the time, and everyone praising them for...

Well, I've been wrestling with my O.O spreadsheet for a while now and think I'm somewhere in the ballpark. I tried to enter O.O's the last two days but there was a bug in my spreadsheet and no fills yesterday, it worked today though. It was a great first run: +30, +35, -6, +7,+8 = +73 cents...

Larry Connors (Trading Markets) was actually on Bloomberg the other day talking about VIX and his CVR's (Connors VIX Reversals). The next day or two could be a significant reversal in the market if we make a VIX lower low over the last 5 days, then continue to close higher than we opened on...

Thanks for the heads up. :)

Has anyone else noticed that the VIX is approaching 52 week lows? We're at readings right now that are typical July levels. In fact on my charts, we're coming to 19.42 support which was last July's low. So this is basically the equivalent of summer trading... no wonder.:confused:

I was a downhill ski racer in college and raced on "volkl" skis, then after the race we would go the bar and do shots of bacardi "151"...ahh, the good old days:D

Try NVR. It's a construction/homebuilder that trades on the AMEX and usually has a 1-2 dollar spread, it also moves 4-5 dollars during a single move. This one should be "lively" enough for you...it scares the hell out of me. :eek:

Hey Mark...get over it. I know you've been a member of E.T. for a whole month already, but he's been around a little bit longer... and plus he's pretty entertaining to read. So if you don't want to be subjected to this flagrant "solicitation of readers" on E.T. just send me an email and we...

Here's a good article below written by my mentor, David Floyd. He has taught me everything I know about trading, including taking time off. Not only taking time off, but taking quality time off. Just sitting at home watching CNBC does not constitute time off. Dave insists that we go to a...

Hitman, I completely sympathize with you at this point. This first month has been extremely difficult. I supposed I've just experienced my first ,"equity drawdown", as we kindly refer to them as. This week has been a nightmare, plain and simple. I'm taking the timeless piece of advice from...

Yea, I got a call from them too. I was sitting here in the office trading with about an hour to go in the trading day and this guy from Generic calls me. He was looking to pick up traders and I told the guy that I would call him after the close...duh?! So after the close I returned the call...

Thanks Magma...yeah I forgot to mention that I'm using SMA's.

I know,,, it's a dilemma. The truth is there's no real truth. The easiest way to solve the problem is use the one that's working! If you want to emphasize more recent price data, to encompass price shocks, major events or whatever, use exponential. If you want equal emphasis put on all...

Arky...it's not impossible, just takes time to acquire the "feel". The first thing I would recommend is trade listed to start out with. I know you don't want to hear it...but it's the truth. That's how my firm starts all new traders, then after you prove yourself, you can dabble in OTC. In...