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He's not there to pull the trigger for you. To me it's not incredibly difficult to see what he's keying off of and on most days it's there in black in white which vehicle he's trading.

Umm, what would you consider "honest" market movement? If good news breaks out, but everyone who's bullish is already 100% long, won't the market crack instead? Does that count as manipulation? In my book all market movement is the equivalent of manipulation, in that the only things that move...

Is it worth going to these things anymore? The one I went to a few years had Oliver V. showing retirees how to properly retrotrade. Then you have a few "market wizards" revealing their trading "secrets" that no longer work. Well, if Ed Seykota showed up, I'd at least probably pay to...

Why would I want my stop to remain at 848 if that's where I bought it? I'd want the stop to stay at -2 of wherever I'm executed, without the need for having to resend the order.

Thx for the responses. Anyone at IB know if this would be changed in the future? Wouldn't it be preferable to have stops move with the market before the order is transmitted, or is that asking too much?

If you set up an automatic stop-loss order to be sent upon getting filled, does the stop-loss order's price parameters (bid -2, last -2, etc) move with the current bid/ask of the market until your order is executed? For example, I know once I press the hotkey to set the order up the stop-loss...

Still plenty of intraday moves to be had in this market (20 NQ pts just whizzed by), its just that macro-funds are dominating the flow. Along with 10-yr, dollar, oil, and gold, the es/nq is just one component of what these funds are trading on their screens, and the lack of institutional...

In front of Powell's speech, the biggest immediate risk was to the upside: there was a possibility for a big spike up if he happened to reveal "smoking gun" evidence; on the other hand, if substantial evidence was lacking, the market most likely wouldn't react to the downside until it was clear...

In short term trading, the most important mark of a good entry is immediate profitablity (relative to your time frame). The next best characteristics are a) how little time the market spends at or below your buying point prior to your entry, and b) how fast it runs in your direction afterwards...

Just because the stock eventually dropped to 33 is no reason to get despondent. If your original target was 34.62, feel lucky you didn't decide to say, "ok, my target is hit, time to go long." :) But that's the danger of using targets and thinking you can pinpoint ahead of time where exactly...

Conviction, even when you're dead right, can blow you out of the water -- how many funds got their heads handed to them shorting the naz 99-00? Conviction without discipline is worse than worthless, it is fatal. You make it sound like discipline is only applied in cutting losses, but you can...

Anecdotally, it seems that technical trading during the advent of instant information via computers and the net is much more difficult when compared to the old days of hand-drawn charts ala that book from MacGee (sp?) and friends. I would think that these days, self-fulfilling prophecy of...

That's the advantage of using MTM accounting, you can carry backwards or forwards any losses or gains as a regular business. However, being unable to convert prior capital gains seems an unnecessary restriction, as those who have filed for trader status must have achieved their gains...

Since claiming trader status means that trading is your primary source of income, your trading should count officially as a "business." Therefore, I believe a change should be made that allows anyone who elects MTM accounting to be able to retroactively convert past capital gains into regular...

However, I believe once you've elected MTM, your losses turn into business losses and you'd not be able to cancel out this year's losses with past profits (which are under captial gains). The only way MTM really helps you is if you are primarily an equities trader (so the 60/40 advantage...

Blackjack would be more similar to the markets, as there is a parallel between the cards that have been dealt affecting odds of winning in rest of deck, and the fact that many use technical analysis (analysis of what has occured) to predict what will occur. For example, hit a large clump...

I started studying hold'em because the rules of poker and trading seemed very much aligned (patience, being aggressive when you have the cards, knowing when to fold, etc). I've only played twice so far with real money, both times in casino environments, and learned alot so far (my first game...

Paper trading for a strategy that takes out just one NQ point can be extremely misleading. In any case, I think all you guys trading for 1.00-1.50 on the NQ are completely nuts! :) :) :) You just won't be able to see the difference between noise and what actually makes the market move, if...

The bottom line imo is that you need an edge in this game to begin with, or else it's futile, no matter how much money you start with. And it has to be a decent edge, not just 51/49, to even begin breaking into the black beyond commissions and slippage. Once you've found an edge, you've...

Thanks, I'll give that a try.