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If the stock is shortable, why not bid say $0.40, and if you get anything short the stock and exercise the option to cover. You might make a profit.

Was tempted yesterday, thought we could be topping. I listened when the market failed to go lower...ES wouldn't have stopped at 1326.50 if we were going lower - blew out of my position at 1328. No position trades now...my short was wrong. Just day trading.

Here is part of the T&S showing the spike. ES trades 2 million lots per day. Don't read too much into 0.03% of the volume.

Doesn't matter if I do call the top. If you think it will do anything for me, remember that it will get lost in the noise, and secondly I do not make enough calls that anyone could tell anything significant - one swallow does not make a summer. I think it is a good trade, but I could be...

Expecting the high of the year we made on May 2nd to hold. Whether this is a corrective phase before new highs (minimum six months) or the beginning of another 12-18 month bear phase is more difficult to tell. Volatility should increase nicely from here. Discuss. (and for the record I...

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I have a couple of machines running quad cores, 8GB RAM, RAID. Everything is virtualised. Order entry kept seperate from decision support tools. Everything networked- my own scripts to control input for everything. Multiple datafeeds, multiple data providers. Several screens - two 40's and...

You can close it when it trades at that level, or looks like it will imminently trade at that level. Says nothing about what price you pay to get out, and if you can get out. I assume these are European style rather than American style so there is no danger of being assigned a short...

That is honest and humble. Thank you. It affronts the dignity of this profession when newbies latch onto a "guru" because they don't want to take responsibility for their own thinking and development. It is embarrassing to those of us with the passion and drive to really work at this business...

My favourite strategy is working out the favoured strategy of novice traders and then fading it.

No, not patronising, just recognition where recognition is due. NoD has made a good effort at trading, with some good results. If anything, it would be to her advantage to introspect more and keep some of her discoveries to herself. Bad habits arise when you surround yourself with people the...

Here speaks one of the few. Good post. Bone, I understand your points but you are trying to make water run uphill. Those who cannot think outside the box will not usually listen when pointed in an alternative direction. This is good for you and your clients - the more lemmings taking...

Observation: you should not be thinking about trading live. To say "ever" would be uncharitable, but your education process will likely take years rather than months. There is the ever present danger of your losing all your money.

You do seem to have nearly everyone else here fooled. You have however posted some annotated charts. When a trader posts annotated charts, it is possible to figure out the extent of their understanding by how they are using the chart. You are very new at this and by no means a guru. You have...

The notional value of a single contract is around €27,000. Therefore to employ all of your capital (€100k) to this strategy you would trade a minimum of 3 contracts. The question becomes whether or not you wish to employ any leverage in your trading. The maximum number of contracts you...

I've traded in the 6B futures. I have traded between 20 and 30 contracts in the 6B and had horrendous fills. Everything after the first 8-12 was filled 1-2 worse than the best bid / offer. That market was frequently trading 2-3 wide so I was getting effective spreads of 4-5 on the average...

3 ticks...it could be worse. The second lot could have slipped 4!

This is determined by the horizontal and vertical scaling of your chart, not the price data!

There is a great market lesson in this video. Who will be the first to spot it? http://www.youtube.com/user/AnimatedTrades#p/u/5/yOrl_cXxKfA

This is what happens when the government tries to interfere in the education market. Education should be provided by parents, families, private businesses and private charities. The state should have nothing to do with it. Were it not for the inefficient state, there would be little if any...