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Yes AllenZ is the one who runs that room.

It seems to me the way the markets operate is to take the money from the many and give it to the few. This is the outcome of trading free markets. I don't believe it can or should be changed. Merrill Lynch and others are merely facilitators in this process. They make stock picks, they execute...

There is a difference between people talking bearish and trading based on that opinion. Most ET members are short term traders so I doubt that the sentiment means much. Besides, a few people posting on a thread doesn't give a fair, representative reflection of ET members, their positions and...

Professor Bono, When the so-called safe haven stocks crash I believe this is what is known as the final climax or capitulation. Everything else is probably getting hit twice as hard. Then from the ashes rises a new group of market leaders to bring the market into the next bull phase.

It seems like this whole deal about Niederhoffer and those who would call him the greatest trader of all time revolves around two issues: 1) Niederhoffer may be the greatest trader when he is winning. 2) Niederhoffer may be the worst trader when he is losing. It reminds me of the...

If you were to go back and read the original Dow Theory proposed by Charles Dow a long time ago he talked about the DJIA and the Transports confirming bull and bear moves. I believe that the markets to substitute in the modern market should be the S&P 500 and the Nasdaq 100, which also happen to...

I've spent hours hunting down the information on the NDX 500. Here is what I have come up with after calling at least 5 brokers, talking to several market makers, pit traders and Globex workers. The NDX 500 is a derivative consisting of the Nasdaq stocks in the S&P 500 plus a few other stocks...

The Dow is no longer a very good representation of the market. A lot of things have changed since this index was created. To make it more representative it probably needs about 100+ stocks in it. So for me the Dow fixation that goes on everywhere is pretty silly because IMHO the Dow is...

This is an interesting article because it contrasts two opposing views on the market. On the one hand Niederhoffer concentrates on the many events that are "normal" while Taleb concentrates on the few events that are "abnormal". Statistics tells us that there is less chance of luck when we have...

The new topics look nice and should hopefully thin out the Trading forum somewhat. I notice that one of the thread from the Chit-Chat group is showing up on the home page, but it could be because I posted a reply while it was in the Trading forum and it was posted after it was moved to the new...

I'm not sure but would lack of liquidity be one other type of risk that is often underevaluated? As I see it there is the illusion of liquidity in stable and liquid markets. As soon as the big 5 sigma event hits then the liquidity that everyone took for granted before evaporates like the dew...

Yes it is a different view to look at averages and the long run versus the day to day or trade to trade fluctuations. I find that the less I look at how my trades for the day have done, how much I'm up / down, the better I am able to focus on what is happening now and what is setting up and what...

So true Brandon. You never know how much you can make until you start trading. You never know how long it will take you to make it in trading until you start. You never know the amount of work and the number of obstacles you will have to go through until you start trading. It is nice for some to...

How many of you guys who trade multiple indexes are individuals and how many are institutions? What Other indexes are people trading? Interesting that it is about a 2 to 1 ratio trading Nasdaq vs S&P.

Have you guys tried posting on the IB boards?

It may be a profitable system. Put some money on the line and then you will know. You are more interested in making money than gaining notoriety aren't you?

If I were you I'd shoot for having a net positive week and forget about whether a day is up or down by what percent as long as any one day doesn't exceed your maximum one day loss. Setting a goal like the one above forces you to walk a psychological tightwire. As I have taken a longer-term view...

"As good as" is a relative measure. Minis allow you to trade smaller. Minis are more liquid in some cases than the big contract. Minis are very amenable to electronic trading. Minis lead at some times and don't at others. The slippage is less on the minis because the electronic market is more...

QQQ and SPY move in lock-step with the futures NQ and ES respectively.

One other thought. Right now the thing many lament is lower volatility. I believe that for traders to continue making $$ they need to seek out markets that provide that volatility. This may mean leaving the comfort zone of well-known issues and staking out new vehicles. My editorial is that this...