Search results

This may be true but does not answer the questions of the OP. Bill

Last year I made some money, not very much to become wealthy form trading (intraday and swing) but I did make enough to buy a not too expensive new car. This year, after being down about 5% I have just recovered my losses. My point: I have determined it only takes common sense, risk...

There are other costs and restrictions: "Platforms are priced at $60,000. A maintenance fee of $20,000 per year after the first 2 years is required for continued operation. The TSL license requires the signed acceptance of restrictions regarding external use of TSL generated systems or...

I received the following email from my broker. Has anyone else received anything similar? Are these new restrictions applied to day trading? --------------------- Penson Financial Services ("Penson"), our clearing firm, has been required by FINRA to make changes to its calculation of Day...

The goal of every trader should be to become very very wealthy. This is the only legitimate goal. Bill

Not true in general but almost true. Indicator based trading is part of a greater scheme that also involves other things like purchasing power, psychology, insight, etc. I know of a person, actually a woman, who made millions of dollars in FX using a simple MA crossover system. I cannot say...

You can get historical bid/ask spreads. Search Google. Most exchanges sell data of this kind. Apart from doing just an academic study, this type of calculation is useless IMO. Slippage is much more important in trading than transaction costs. You miss a good entry and that can amount to the...

This looks like a black box that provides signals based on chart analysis. I'm interested in white box systems only. There are not too many white boxes out there. IMO never buy a black box, you're wasting your money. Bill

This is the mother of all rules. Bill

I've done research about white box software program that analyze historical data and discover high profitability patterns (excluding chart patterns) and I have found three different classes: 1. Neural network based. Example: www.tradecision.com Price about $1,200 for EOD. 2. Genetic...

What's a good quote? Do you think you get good quotes now? Only market makets and specialists enjoy good quotes. Everyone else gets bad quotes. Bill

I was long a stock and tried to sell at the offer. As soon as I placed the order the offer was descreased by 1 cent. Then, I modefied the order to hit that offer and the stock starting moving down like hell. That was yesterday during the huge rally. I stayed cool and entered a limit order and...

hahahahaha....where have you been pal? They have been selling USD for years. Printing money out of control is worse than selling outright the currency. Bill

I don't know where you saw that. Volume for DOW was average, NAS-100 was heavier than the day before and SP500 volume was slightly less than average. Bill

I'm here waiting to see your PNL. Whether I know we'll see. I met several people who spew the "pair trading" buzzword but all of them are out of business and broke. Maybe you will be a lucky one. Bill

I tried chart patterns for three years and I couldn't get a success rate higher than 55%. After commissions I was barely making any money. I think price patterns are more promising. Also candlesticks are a subset of price patterns. Just finished testing the demo of APS...

They will invent something else not regulated. They are always one step ahead of regulators because they employ the brightest while the governemnt employs losers. Bill

On hindsight yes it is. I find it amusing some people base their arguments on hindsight. How old are you by the way? Nobody makes money from the markets in the long term because HE IS DEAD. Bill

You tell me what happens when both sides of your pair go the wrong way. I just heard of a "market neutral" fund under liquidation for using your wonderful startegy. I say you got no clue. if you knew anything about trading you should know pairs trading is for losers. Biggest losers in wall...

Most of the patterns in that site do not have high enough success rate to cover transaction and other costs. The majority of patterns in that program, as reported in the website, have an actual success rate less than 60% with a win/loss ratio NOT reported. These can actually turn into losers...