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Arbitrary stop placement (e.g., 10 points below entry) seldom works well in the long run (frequent premature stop outs). The market doesn't care about such arbitrary decisions. The ebb and flow of buying/selling pressure and the related support/resistance that results is generally all the...

Tripack - thanks, must have missed the note on his timeframe restriction.

Richard - No doubt when a trend establishes a crossover system like this works great and the 2-4pm (actually even 1:15-4pm) timeslice gives a good example of that. When I mentioned chop though, I was speaking more of the period like 11-noon which looks like it might have turned in maybe 5...

Richard - wasn't there a lot of chop later in the day though? Maybe I've got it setup wrong, but it looks like there would have been a bunch of alternating buy/sell signals that would have chopped up some of those earlier gains. Did I missing something or is the setup basically a typical...

So let's see - Some guy tosses out an idea about a trading system he thinks works well. He's apparently not selling anything or seeking to make a buck off it - just posting his idea, saying that so far he's doing really well with it and asking what people think. Then a number of...

nitro - DSL isn't ubiquitous throughout all of the Chicago area. Seems SBC Ameritech was dragging their feet for a long time on suburban deployment while fighting in court about third party DSL providers getting access to their digital line equipment without at least reimbursing Ameritech...

alain - How are you determining the satellite delay is only 50 ms? The geosynchronous transmission propogation delay (i.e., time for signal to travel from earth to satellite and back to earth) is about 240 ms? So even if there was zero propogation delay in getting the data to the...

Splat - ISDN tariffing is different in the US (at least in the Chicago area). I've got an ISDN line connected to a router that supports dual channel connections (128K). Since the point of presence that I connect to is less than 8 miles away, the cost of establishing the link is 8 cents and...

matrix - No way to evaluate. You forgot to note the chart timeframe (bar size) and what values you're looking for on RSI and %K

Richard - You asked why I said not to bother beyond the top 1000 or so even though there's a Russell 3000 index? Here's why: The Russell 3000 is just the Russell 1000 large cap index plus the Russell 2000 small cap index. Market cap drops off pretty quickly - for instance, if you're...

CCs are like any other strategy - it has to be applied judiciously and you have to know when you're blowing out and taking the hit. The problem with most CCers is that they bought the smoke and mirrors about CCs being a magic bullet. Those who think that will eventually get hurt by them...

rafat - nitro's right, it'll depend primarily on what your process mix is, how big of a memory hog each program is, how many different programs you run at once, etc. # of monitors is generally not a main memory issue since the display memory is in the graphics/video hardware and the base...

daytradingebook - devils? Hmmm....either you're a party to the attempted spreading of the virus that infects this rather dubious ebook and which has infected the computers of a number of poor souls on this board and if so you therefore should be castrated with a blunt knife and sent on winter...

Kind of looks like a collection of commonly known, conventional wisdom quotes excerpted from multiple sources thrown together with some new dumb ideas of their own and not edited for consistency. Example - tip #10 (presumably something they dreamed up on their own) basically says that stop...

There's no such thing as the "TOP" 5000-6000 stocks. Going out that far makes "top" meaningless. The market cap of the stocks becomes more or less unimportant after the top 1000 or so stocks. Try downloading the list of stocks in the Dow, S&P 500, and Nasdaq-100 - that'll give you a list...

There are private trading firms and some banks trading futures, options, currencies, etc. that hire traders on the payroll but their primary comp is from bonuses based on how much profit they produce trading firm capital. But they're not like the firms you're probably thinking of in the...

just21 - Are you asking if there are firms that will let you buy options on margin? What kind of option positions are looking for better than normal margin treatment on?

nkotb - A clarification question - Are you starting at the firm as a trainee as an employee?? That was my initial impression but most everyone seems to have assumed that you're "joining" the firm (which should require a contract). If they're just hiring you (i.e., putting you on the...

The Tradingmarkets VIX reversal signals are short term directional bias indicators based on movement/changes in the VIX (e.g., the VIX moving a certain % from its moving average sets up a potential bias for a move in the opposite direction) and aren't trying to identify possible intermedite or...

candletrader - The definition I was offering involved frequency AND target gain. Higher frequency was generally a byproduct of small target gains. Could you offer an example of someone doing one scalp trade in a day and making a lot of money at it? Are you thinking of something like a...