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returns, without risk noted are meaningless sure, victor had decent returns, but clearly the amount of risk he was exposing his (and more importantly - OTHERS) money to in order to get those returns was ludicrous. i mentioned a while back that I used an IB demo account to get over 300%...

neidorhoffer is an iconoclast, which is to his credit ( i like em) but... imo, and this is the first thing i teach traders, RISK MANAGEMENT is paramount. without proper risk management, even a pretty good methodology is probably gonna lose. neiderhoffer's entire schtick is that "i'm...

level II (or the ECBOT equivalent - which is the depth of market you see here in the DOM)... cmon... get real do you really think that orders in the DOM mean ANYTHING? they are routinely pulled and added i pay attention to time/sales, internals, etc. but i hardly think that...

JNJ a ***junk stock*** ???? lol um, no VERT - that's a junk stock. just pull up a 10 yr chart :) JNJ is a phenomenal company and has been a component of my IRA for years it's well run, has a nice moat, great earnings. it's a classic peter lynch type company. you can't go to...

"From experience, I can tell you that if there are enough big buy orders down there they won't even attempt running the stops. That's the only thing I know of that will prevent it." my buy orders hardly qualify as "big". i also think that IN GENERAL, people put way too much importance on...

every time a specialist brings a stock down to hit a stop, that means you could have had a limit order to ENTER long at that point, and other people may. so, imo, it all evens out one persons shake or stop run is anothers perfect sweetspot entry if its so predictable that they will do...

ha ha ha go with the trend. hth

MINIS could be nice for some swing trades, portfolio hedges, etc. @ $1,000 per limit day, the full size contract is a bit thick for many retail accounts, especially if you want to trade a multiple contract position on a swing basis and scale out. but yes - for scalping, the commissions are...

for pete's sake trading is (in large part) about managing risk. of course it's POSSIBLE to average $100 (for the sake of argument) with a 3.5k or 17.50 or whatever. the question a professional asks is - what amount of RISK do i have to expose myself to in order to average 17.50 a day...

saying it is discriminatory says nothing. ALL laws are discriminatory. the question is - is it 1) legal 2) good policy 3) etc. to discriminate this way?

my stops are dependant on the setup i use as little as 5 YM points and as much as well over 100 (swing). the intraday setups generally use between 8-16 pts stop on YM but again, depends on the setup

you have ALWAYS been able to trade shares "off the market" so to speak. some investors (vs. traders) receive the ACTUAL PAPER SHARES that they buy. this is like when grandpa buys a company and holds it for 30 years. he receives the actual paper shares we are so used to brokerage...

this question shows a lack of understanding of the nature/structure of futures markets. futures are created (literally) out of thin air. they are merely agreements. that's why they are called "contracts" and not "shares" for example. all they are is (legally binding) agreements. all...

"But this is the point. The time element is what make the market zero sum. Remove this contrivance and the market is not zero sum." no no no no no no no the other poster had it right. it is this simple - futures contracts are a derivative. there HAS to be a short position for every...

futures market in an of itself is zero sum there HAS to be the same amoung of money won and lost (absent commission) if you are talking about 2 markets taken together, that is obviously NOT the case. the cash market is not zero sum fwiw, a large %age of the volume in futures are done...

again, if you can't trade days like today, the fault lies with YOU not the market. the market is what it is. days like today are eminently tradeable. you gotta stop trying to get the market to fit your preconceived notion of what a good trading environment is, and recognize the state of...

as a trader, i don't care, nor should you, whether its "exciting" or not the point is to make money if your methodology cannot make $$$ on days like today, you need to study the markets more. opportunity is opportunity

nothing new here. bad traders will lose money, good traders will make it there will/are still be inefficiencies traders who whine about algo's, black boxes, etc. are just whiners.

"Psychological factors in trading make this nearly impossible for most traders. You cannot "teach" traders this. It's an acquired trait" you most definitely CAN teach people this. i do. also, many successful trading firms employ psychologists etc. for exactly this purpose. imo, no matter...

mgj, what u say is true. also, it is not ONLY psychologically desirable, it is also monetariliy desirable for many traders, and many systems targets (and scaling out) smooths an equity curve. it also (in many systems) will result in SIGNIFICANTLY less risk of ruin. these are desirable...