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Is it just me or is this one an especially formidable and defiant little booger?

It all depends. I like trades that don't require a stop loss. Like buying short term OTM options. Or buying a few hundred LU for .75

Thanks for answering the question. This thread may now be filed in the archives.

I would like to BRAG about my software and ADVERTISE here, but I'm not that kind of a person, so I will just forgo this opportunity. Now let's get to what this thread is really intended to be about: Does anyone here use only market (or marketable) orders and make consistent money? I...

Try to reduce the number of stops that will be elected.

What we should try to prove is that a free market has a tendency to become more and more "random" as it becomes more efficient. This should be similar to data becoming more and more like white noise the better you compress it.

I also have a question I would like to ask all the scalpers out there: If I put a limit order in to buy 51% of GE, should I route it directly to NYSE or should I use IB's SMART and hope TMBR will fill my whole order?

This is big! I'll have to contact Morgan Stanley, Merrill Lynch etc. and thell them they have been wrong all along. I wonder how they have been able to survive so long without using market orders. That big loser that never comes back has haunted me for years, too! It started out as a...

Extremely low price. In fact I would go so far as to say you can't beat their price. But wait, there's more!

If you use market orders it will bring better results for my Daytrading.

Of what year?

Nothing like a good pleonasm to start off my day.

Actually, it is not even trivial to state the conjecture that we are trying to prove. I think what we would need to prove is 1. The above algorithm works if every monk knows he has to apply it. 2. There is no algorithm that the monks could apply that would let them find the solution...

Thank you so much for your post. ET seems to have some very good people. Maybe Baron should apply for a license to award PhDs to members.

Interesting points. But if you say newbies ruin the market, doesn't that just mean that they beat you to it?

Why do some of you attack newbies on this board who "think they can trade like a professional without doing the necessary homework"? Don't you understand that those people are the ones that provied for our survival, and if anything we should be encouraging them to over-trade?

That's exactly it. If you sell 100 naked MSFT puts in a $100,000 account, don't expect to survive, but if you sell 50 different naked calls and 50 different naked puts (in an IB account of course) there is not much that can happen to you and you'll make 20% or so every month.

Gordon Gekko has posted lots of useful information. He makes us confront various issues relevant to traders. As long as he complains, but doesn't start demanding fund from us, that's perfectly fine with me. There is no shame in being poor (which GG is definitely not, compared to 99% of...

Someone said they used to, but they discontinued it because it was too confusing for their customers. I have no problem believing that given what some of their "customers" post on ET: "Bad IB! Why did they make those PDT rules" "When I cancel my ISLD order it stays red for at least 30...

I hear you! I developed a system for the same reason. But once I started making consistent money I became more confident and started playing around with stocks, and it turns out I can make more with less risk by discretionarily trading stocks than with my ES system. But it only works if I...