Search results

From what I understand, Market Profile and Drummond. I've seen her referenced in various trading books as well.

Currently, no reason to believe that we're experiencing a breakout from the range that we've been in stuck in from 975 to 1004. If you're willing to hold for a few days, 1:5 risk to reward. I see a responsive market as opposed to an initiating one.

http://www.elitetrader.com/vb/showthread.php?s=&threadid=9727 http://www.elitetrader.com/vb/showthread.php?s=&threadid=18899

Depends on your style. If you can't play breakouts, why not play ranges?

Because, to put it politely, elite chat sucks for futures trading. Better chatrooms out there dedicated specifically for futures. I don't take his realtime calls, but he's a consistent scalper.

Volume profile and market profile. Combine both time and volume as indications of support and resistance.

i think ninja charges a fee

No salary and no reasonable chance of having a profitable first year? How do you expect a recent grad to survive much less party hardy in sin city?

-Sy Harding's 'Being Street Smart'

Stocks aren't a zero-sum game, but futures definitely are. I think the spirit of the initial thread was that, as traders, there is little to no prestige associated with being a trader, especially for, *gasp* retail day traders because of the perception that traders are non-productive bottom...

Right, but that's not a career ladder, that's what you do on your own time. I think if 1C is the limit and end goal, then that's fine. But I don't think I'm the only one who wants to expand their horizons and tackle big and "better" things.

Well, I was including prop shop trading with desk trading and being a floor trader. Certainly it seems that an evolutionary path might be from a retail trader to one who, say, trades on the floor of the Merc w/ the big spoos. But like you said, it all depends on one's goals. But once you've...

Well, I think I was making Rung 1 (Stage 3) that. Unless you're implying that being a profitable Indie trader is the be all, end all. But there's gotta be something more to it than that. Some drive, some ambition that forces us to excel once we have achieved skill/career competence. To become...

Rung 1: The Indie Trader Rung 1a: (Stage 1) Survival Rung 1b: (Stage 2) Consistency Rung 1c: (Stage 3) Profitability Rung 2: Desk/Prop/Floor/Exchange Trader Rung 3: Money Manager / CTA / Hedge Fund Manager It would seem most indie traders who actually make it simply trade for...

Why not make a game of it? Have him paper trade and award him for making both: A) xxx amount of points B) good risk management Reward with: A) allowance B) gifts C) etc.

Silly top/bottom calling wabbits. http://www.stockcharts.com/education/What/ChartAnalysis/rectangle.html Buy the dips, sell the rallies until the "trend" changes.

Those were just old trades finally showing up on the T&S.

Hey, what is this BULLSHIT? The announcement of the daytrader on Paradise Hotel is kept on the announcement board and I get relegated to ChitChat?

FYI, just saw a fellow Asian American options trader on Cupid who got selected by those three harpies. Doing his dream job and wishing he could trade online from the beach in a hut. Nice.

Nice to know a fellow trader follows MVL.