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Wait, you lost like 40 pts being long and now you went short? With your profit target being your former long stop level? If we puke really really hard toward the close I will consider getting long ES at around 1100... will hold it overnight... stop would be around 1085. The government can get...

Stop at a very round number? We're a few handles away... Prop will rip through this round number to stop out people (go to like 1146) and bounce hard.. Who knows maybe we will hold but I don't like that round number You're risking 50 pts to make 50 pts in a momentum downtrend?

Look's like we're in the minority here. I've also read a ton of trading books and I found this one utterly useless... def not worth the $40. It's interesting how people will admit that it's poorly written and then say it's a great book because if you search hard enough you will ultimately...

I just watch Trading After Dark Episode #2. It was very disappointing that he went over the trade in H-I-N-D-S-I-G-H-T! Seriously would this guy do a hindsight video if he lost 300k on a trade such as another guru?

I just ordered it... $16 on Amazon. I'm hoping it's a good read considering most other HFT books are all like $60. If you guys have any HFT book recommendations, regardless of price, please PM me or write it on the thread. Thanks

I must be one of the few that thinks that Al Brooks is full of bullsh1t. I bought his original book and thought it was a clutter of confusing ideas... aka intentional confusing to be able to hedge any strategy in hindsight. The guy trades way too much noise moves and that makes me very...

This is only news to the layman. Smart money won't care... prob gap down a little on Monday and rip hard during the week

It's true in the sense... You cant just use the stock market. You have to adjust it for inflation (and not the #s that the gov't reports - google commodity prices.) You have to calculate 1 beta stocks and the USD. The returns are nothing special. There was VERY little REAL wealth created...

Conviction over discipline fellows... 1230 let's go!

If this market gets green I really think it can close on the highs of the day. Pretty good momentum rip off the lows

Long ES at 1190... Stop at 1175... target 1230

Bought ES on the close yst and sold in today's premkt. I'm buying here if we get to 1190... should give me some pain but it is what it is.

Do you make a new thread about your winners and ignore making new threads about your losers?

Bright and the rest of the leverage brokers won't be happy with that italicized text... Again: "•Only the firm’s capital is at risk of loss; no traders may make any contributions or payments to the firm nor have any capital at risk." ^above poster as well... +1

Are you long for the short-term, new highs, momentum trade? I'm looking to short gold with leaps when/if it approaches 2K. No one is bearish on gold... and I'm the regression to the mean with very little risk (options) guy. Gold 5k lol

F politics... Democrat/Republican/Whatever.... doesn't matter

+1... yes Black Swans are unpredictable... We've never seen them before. They are more than extreme events. If anything a low probability (tail-risk, bell-curve defying) move seems to be expected with all this debt, GDP #s, bs. Surprised the VIX is only around 25. It was at 80 in 2009.

+1 Humans are programmed to see patterns in randomness.

There's not just one variable that impacts the market. It's getting hit by a ton of them each second. Managers react to the ISM, Debt, whatever with their own interpretation of the situation. Just follow the price action. You'd have to do real time correlation studies among all asset classes...

I really want this market to take a dump... make a new low... and when the momentum fades I will buy it. Def not looking to fade any rallies. I'm curious when the volume picks back up how much momentum there will be on the puke or rally.