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I used the Book Trader today for the first time. I liked it. Faster trades. I'm sure improvements will be coming. Kudos again to IB. OldTrader

Let me point out a factor that I believe throws some traders. The ES is priced right now around 1110. So if you moved the decimal over a place this might be like trading a stock for 111. A guy trading a stock for 111 might think that 1 point moves were pretty routine stuff. In other words...

When you know why you entered a trade, you'll know when to exit. For instance, if you buy because it broke out of a consolidation, you would have certain expectations. You might expect it to move in your direction, come back to test the breakout point, move in your direction again past the...

This statement is not true. We're talking about an analyst here....not an "insider". Passing on an analyst view of a company would not be "insider" information. By the way, this one has been tested in court...ie the Ray Dirks case. And in the unlikely event that an analyst possessed...

Someone has to get the first call don't they? Why not the guy who pays the biggest commissions? Who would you call? OldTrader

I'd say it's more likely than not a spread trader. I'd look to the SP or maybe the Dow futures to see what they're doing. OldTrader

If inventory has declined, and the buyers come out in the spring due to low rates, without a corresponding increase in inventory....well, maybe your realtor is right. Lower supply, same or higher demand equals rising prices. That said, realtors are noted for statements which cause one to...

Are they still in business?:D

It seems to me that if you title your manual "Living the Dream Daytrading" that he's inferring that he's doing well at daytrading. I didn't read the manual, so I'm just guessing. But you're right, I don't think he came out and said he was a good daytrader. I think what he said is that no...

It seems to me that Mr. Smith, after having written a manual entitled "Living the Dream Daytrading" (or whatever the title is), then quit trading the S&P futures and started trading mutual funds. Call me crazy, but this makes me wonder just how good Mr. Smith is at daytrading. Have you seen...

Let me see if I have this straight: First, your main system is focused on equities, and yet it is not scalable? Second, you make 300 trades a day with your main system, which generates 100% per month, yet this is only enough to pay your overhead? Yet the pattern day trade rules would...

Sorry about that, I hit my submit button by mistake. The advancers versus decliners showed steady improvement after the lower opening, and went positive after the first hour (on the NYSE). We did not go negative until late in the day, just before the close. So the first thing to notice is...

First, those times you mention were bad ticks on the ESignal quote system. Those trades did not actually take place. I use ESignal, so the quotes were quite confusing. However, I also watch the market depth window provided by IB for the ES. This did not show the erroneous quotes. Originally...

Yeah, I just started a different thread on it. Also had the problem with the NQ. Is there a fix for it? OldTrader

Some very erratic ESignal quotes on the ES and NQ. Is this unique to me, or is anyone else having the problem? OldTrader

Evidently I misinterpreted your post. My apologies for that. Just a quick comment on the PE ratio. It's worth noting that there are different types of "earnings". There's GAAP earning, core earnings, and pro forma earnings. And based on the trailing 12 months we are currently trading...

If you were long last year during this "seasonally strong period" you would have been dead wrong. The guy made a trade, was wrong, and presumably has been stopped out. The only thing worse than being wrong is getting a statement of this type from you. Give the guy a break. Did I missed...

Very nice trade! I think the others are busy trying to dodge the margin clerk! OldTrader

Did they really "recommend" VoIP or Mad Cow stocks? I thought they just "mentioned" them. I don't think "mentioned" equals "recommending". They do make formal recommendations....I don't follow them closely so I don't know how they did....but for the record none of these recommendations were...

It seems to me you've already had the "January Effect". Today was the first day in the last 13-14 where the SP took a prior day low out! Personally I'm expecting some profit taking to kick in the early part of the year. Either way, you've got a great trade going, easy to manage at this point...