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Then I misunderstood you indeed. I admire you for taking a purely theoretical approach and succeeding. I have never had much success doing that. But in the process of executing the trades my (barely profitable) system indicated, I learned how to trade extremely short term (what most people...

Buy and hold.

You can work around that one by using a strategy that has you enter a trade when the odds of it going up and down (respectively) are exactly the same.

But he said "successful traders only", therefore your case is irrelevant. Unless you define success as not having lost any money yet.

Fortunately I don't.

I wonder what it would take for TMBR to actually be recognized as an ECN, or maybe there is another way to make it available to non-IB customers. If you trade NYSE listed stocks you can basically save yourself an average of $.01 per share just by using IB's SMART (which includes TMBR) as...

Very true. I have occasionally stated TMBR is really a way for IB to give back part of your commission by providing instant fills when the NYSE is about to move away and you know you would never have received a fill there. I couldn't even say how much SMART saves me as opposed to NYSE. It's...

I'm guessing TMBR assumes that every serious trader uses only limit orders. If you want to get the benefits of a NYSE market order, why not route it directly to the NYSE?

be the whip

I'll sell you the straddle.

Options have strike prices, the ES and NQ futures have no strike price, just an expiration date. ES is almost the same as 500 shares of SPY, and NQ is almost the same as 800 shares of QQQ. The only difference on the level you were asking your questions is that ES and NQ have expiration dates...

Sort of. Good (lately).

That's my strategy as well. My decision to quit my day job was easy, since it was making me sick. Not that being at home doesn't make me sick ... My schedule is as follows: 6:59:50 - 7:00:00 commute to work 7:00:00 - 8:58:00 gathering of information and occasional pre-market trading...

Unless they trade electronically. In that case it's just the first 2.

I always say "Why is it so f***ing difficult to make $100 an hour?"

thnx 4 using the minimal amount of ASCII chars req'd to get ur point aX! h8 2 waste b/wdth

If they don't happen to be on a commercial break.

I see.

And now imagine you trade not just one but 10 contracts. Then you would have to be right about the underlying movement at least $5 to break even. I wonder how those guys who trade hundreds of contracts do it.

The truth you speak. Apply it must you now.