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It trends better specifically because no one has a specific advantage over anyone else (other than the size of your wallet). No specialist or market maker priveleges, everyone's on equal ground so long as you have the necessary capital to compete (unless you're a e-local and can see the pit from...

But doesn't it become a self-fullfilling prophecy? If foreign monies continue to pour, it makes the market seem strong. Domestic monies start coming in, the bonds players move elsewhere, and then finally mom & pop jump in on the last rally (after agonizing over buying expensive stocks all the...

I'm curious, I don't typically follow the bonds much, although I should, but my understanding is that the inverse bond/stock relationship has decoupled. Assuming, at least, the inverse relationship no longer exists (in the short term), might it mean that the bonds will now lead stocks. So does...

Heres a saying, albeit butchered:

According to Kaufman in Trading Systems (or something like that) a reflecting pyramid, where you add contracts on a 3-2-1 basis and then scale out on a 1-2-3 basis, has a more optimal risk-to-reward basis than stacking or plain pyramiding.

bump

Nice thing about the e-minis is that there is no uptick rule. Nor does your broker actually need to have the stock in house. You just need to find a buyer out there.

Start by not losing money first. You'll be in the top 5% if you can do that. How's this for an excerise. Exercise a market order to buy at the ask. Immediately turn around and sell at bid. Take the commission hit and loss due to the spread. Understand your emotions and understand that those...

Once upon a time, I am ashamed to admit, I had a Scottrade account. No more. Its like going from 486 computer to a Pentium II. Direct access all the way, preferably with a universal account so you can do the e-minis as well as stocks (IB and MB Trading for example). And a separate charting...

Depends, on breakouts, I use market orders. For setups, limit. I find it gives me a mental/psychological edge in the way of confidence if I’m not immediately in the hole because of the spread. I find that I have a higher success ratio that way and lower one on breakouts. Mental stops.

9:41 AM 1 /ESM3 939.75 9:45 AM 1 /ESM3 941.75 10:03 AM -1 /ESM3 941.75 / +0.00 10:33 AM -1 /ESM3 940.00 / +0.25 10:35 AM 1 /ESM3 939.25 10:47 AM -1 /ESM3 939.75 / +0.50 10:49 AM 1 /ESM3 940.75 11:08 AM -1 /ESM3 942.75 / +2.00 11:12 AM -1 /ESM3 942.25 11:18 AM -1...

PM, don't fight the tape and don't fight the Fed. If the market is going up with or without manipulation, its going up. Either figure a way to make money or get burned. Do I give a shiz if the numbers are manipulated while the markets going up? No, that's why so many of us go flat. Our job is...

You could make a living fading gaps. Of course, the past few days haven't been too good for closing gaps, but you'd have made quite a few points if you were willing to close out a few ticks shy of the gap.

I know a trader who depends on the retrograde motion of the planets. I don't know how that works, but he has confidence in his system and his track record. Whatever works. :)

Historically and statistically speaking, that's always been the case. Newer highs and newer lows are more likely to occur in the morning than at any other time, followed by near EOD, and least likely mid-day. As for this being the top, who the hell knows. I'll wait for my indicators to tell...

A lot chop going into the end of day. I too was expecting a short squeeze or short covering in the form of a rat tail like every other day. There's a certain irony to shorting the shorts. Anyways, no EOD pop. Atypical, but a lot of bears may have already been washed out.

When you establish a position, the stock/e-mini can do one of three things. Go up, down, or sideways. And given that sideways will eventually oscillate into the other two states, really it can do two things. Excluding commission and the house’s edge, you have a reasonable 50/50 chance of...

Its all about psychology and conquering greed/fear. You could have the best system in the world and still lose money if you give in to your emotions.

Do any newsletters and traders keep track of any of Zweig's indicators like the Fed, Installment Debt, etc.? I know he's out of the biz, but certainly someone must have continued his work.

I would suggest overbought and oversold are only good when price action is obviously ranging, which is the majority of the time. They become useless in obvious trend days.