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A person who scalped index futures using the DOM during the dot com years but doesn’t know that the DOM for Globex futures went only five levels deep at that time can’t be relied upon to know the daily volume during that period. I monitor market pace by volume and I can still remember the...

Anyone trading on demo is a noob. The person could be 10 months into trading or 10 years. There is a difference, however. If you are 10 months into it and think you can learn to trade from someone on demo, you are CLUELESS. Everyone starts out clueless so this is not necessarily fatal. But you...

Four levels beyond the inside market, so five levels deep. At that time, market depth for Globex futures was only five levels deep. When the market was moving, the cumulative ratio rarely went as high as 2. Did it work for me? No. I did the work. It was a tool I used to help me carve the turns...

Yes, on the DOM the market moved TOWARD greater liquidity as it was shown. This was and probably still is counterintuitive to most people. Interestingly, I too used 1.5 as the significant value for the cumulative ratio four levels deep beyond the inside market.

I used to monitor the DOM as a fine level tool like 20 years ago. Hidden liquidity, either actual or synthetic, relegated the DOM to the dustbin. At least for me anyway. Coarse level monitoring—e.g., S&R—is good enough to get the job done. KISS

Surprised CNBC didn’t blame the opening drop on Tiger Woods and his bad driving. Around RTH open he crashed his car solo in my neck of the woods (pun intended). He was driving down the hill so probably he was coming back from the golf course. Helicopters buzzing around and traffic all backed up.

Life savings at 28? All those $20 bills grandma sent on birthdays really add up. This thread is a joke.

You make a good point. For me, I like the idea of playing short-term fluctuations in a bucket shop like Livermore did until he got banned for being too good.

I just take it day by day, week by week. When the market turns I will know it after the fact. Glad you’re having a good month. Let’s not get a swell head, though, and keep it going.

People love to predict. Eventually one of these calls will be “right.” Markets are rocking and rolling currently. These periods do not last forever. Make hay while the sun is shining.

Indicators can be useful. For a beginner I like a bounded oscillator like the stochastic. It can be used to provide go/no go signals during strongly trending periods. It needs to be calibrated to the market being traded, of course. Outside the 80 band will get the beginner in late and out early...

“Deliberate practice” sounds good but it all depends on what you’re practicing. Most people in this game practice failure. It used to be that we were on our own to do that indeliberately. Now there’s a whole industry set up to help people do it deliberately. Well isn’t that special.

I don’t have BP issues but my blood glucose spikes to 300-400 mg/dL when I play in a tournament chess game. I’m focused and calculating hard to outplay my opponent yet I never felt really stressed out. But I’m obviously getting a cortisol reaction from stress. A well known IM dropped dead in a...

Stock index futures are amazing to trade currently. The best trading conditions I’ve seen in my lifetime. I’m referring to short-term/intraday trading.

Models with mathematical precision are not necessary to rarely having down days. Down days are rare if you have mad skills.

For all practical purposes, I don’t feel I am at a disadvantage with regard to getting price data. But my perspective is probably different than most. I started in the 1980s using yesterday’s prices from Investor’s Daily (IBD now) and watching a 20-minute delayed ticker scroll across on a UHF...

There is no trading edge in reading financial statements prepared by others unless you have access to information prior to their public release. I know a few people who don’t know the difference between an income statement and a balance sheet whose stock portfolios grew by millions in the past...

Okay, I understood what you wrote there. My Turtle-ese must be getting better.

It would be best for you to not even begin. Most are ill suited to learn and doomed from the start because of their poor person’s orientation toward money that comes from their heritage and upbringing. Many losers kid themselves (and others) for years before they give up. Some of these become...