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This is one of the best statements I've seen posted on ET. Indicators are NOT fortune tellers. They must be confirmed by further price action, because they themselves are only derivatives of PAST price and volume. Can't tell you how many times I've tried to get this through to new traders I...

Thanks. I am no great wiz at math, but a five point move in NQ yields $100, and the same move in ES yields $250. Plus, NQ has a greater spread. So even considering the difference in the levels of the two indexes - NQ will typically make a greater point move - the clear advantage still...

Check out Investor RT at www.linnsoft.com. I've been using IRT for three years. Like you, I'm not interested in programming code. But with IRT you can run virtually any conceivable backtest by using their extensive list of indicators, and making adjustments through menu selections. Much...

Haven't traded NQ, but looking into it. What is the value of a one point move in NQ per contract? Thanks.

What is bothersome is that nobody's comments - including mine - have been of value to you. You have ignored those who have pointed out the many, many faults in your strategy, that has now put you over 30% in the hole. Might it be time to reconsider your overall parameters and look back at the...

Adamoptions, there isn't an options strategy in existance that will profit you consistently unless you are first successful in predicting the movement of the underlying. For that reason, you should not touch options until you are a consistently profitable stock trader. Master that skill...

New to trading, or new to options? What's your trading experience?

If you're scalping for pennies, that's probably wise. Otherwise, it isn't a bad idea to stick your finger in the air to see which way the wind is belowing before pulling the trigger. If nothing else, it can help with judging position size relative to the direction of your trade.

I agree with you. August has been very firm, and there is still a lot of money ready to come in. Big buyers are picking up anything on weakness. While there is always the possibility of a few dips (I hope!), I sure don't see any significant weakness on the horizon. Too much support. And...

Well, FABULOUS. Then you go first, and tell us how you've done in a couple months. We'll be here when you get back.

You will find that contrary to your hopes, when using daily bars generally strength is followed by weakness, and weakness by strength. In a particularly strong trend, buying strength or selling weakness can work for short periods, but in a typical trading range, where the market spends most of...

What kind of profit target are you looking for in that timeframe?

Wish I could say the same. I've been sitting on my hands the past two weeks getting my patience exercises. I have specific levels at which I enter breakdowns, but with the overall market above it's short term MA, and such little volatility, there's not much action. Appears that things are...

For many traders, including myself, this isn't the case at all. I find my opportunities - and they are plentiful - when support breaks down and fearful longs rush for the exits.

Old Trader - Random has already reported that he is "not a good trader" and he obviously doesn't consider the many suggestions that have been put before him to be of value. (Nobody "understands".) So let's talk between ourselves for a moment. Of all the reasons why this...

You probably know that a number of these "associations" that offer health insurance are frauds. I'm not certain, but it seems that I ran across NASE in a recent article on bad insurance operators that specialized in the self-employed and small businesses. I wouldn't sign with any company...

Okay, just so we're clear then. You are saying that you are risking 30 points of loss (you shorted at 990) for an 8 point profit? And this is a result of what? Reading Market Wizards? Golly, did I miss a chapter?

Trading is hard on anyone's confidence, even during the good times. When things get rough, it's very destructive. So don't feel alone. Although it doesn't seem like it right now, you've probably learned some very valuable lessons that you can put to work later. So don't throw all that...

Thanks for the update. I'm still dumping them, moving to DTN-IQ. TrackData has had too many problems in the past few months that reportedly have not been experienced by DTN. TrackData has low costs, but what is the cost of one missed trade when their feed is down?