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  1. W

    Tech Analysis of ETFs??

    ETF's - obviously tend to have more muted movements than individual outperformers within that group the reason is because they represent a basket of stocks, and will thus have some middlers, some leaders, and some laggards . so, yes if you can ferret out the likely better performers...
  2. W

    475f of tax code - Trader status question

    false. if you are a professional trader status, your gains and losses are reported as INCOME not cap gains
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    SnP 500 BREAKS 1400 THIS WEEK!

    there was a VERY strange divergence on friday. NQ, which has been among the weakest (ER2 takes the cake) among the index futures showed extreme divergence. the breadth was very very negative near eod, yet it moved up. i have never seen such a strong divergence between breadth and price...
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    Scalping the ES mini making $1000 a day

    "80% is impossible to keep in the long run (say 10,000 trade history), it is agains all odds." no it is dependant on the setup, and the stop size vs. the rewards size as an extreme example, i can give you a setup that i can guarantee over 80% successful trades (but not that it will be a...
  5. W

    Fear of a catastrophe - a permabear's complex

    if you are worried about a market event taking you out, then you are simply overleveraged set a frigging stop. yes, you will get slippage. big deal you are gonna miss months and months (or years and years) of upside because of the fear of a correction? what a ridiculous way to live...
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    Theory of Technical Analysis

    "Technical traders, on the other hand, believe there is no reason to analyze a company's fundamentals because these are all accounted for in the stock's price. Technicians believe that all the information they need about a stock can be found in its charts."" this is rubbish i ALWAYS see...
  7. W

    How did you get comfortable with growing size?

    oh btw, i totally agree that having the DOM PN'L column on is a bad idea. neither your target exits or your stop exits are going to be improved if you are watching the money and thinking about the money. think about the trade setups and watch the market if you trade logically, the money...
  8. W

    How did you get comfortable with growing size?

    and of course, REAL MEN don't life weights lying on their back - iow the bench press. they clean and jerk the weight overhead!!! (sorry, my olympic lifter bias coming out ) :) also, real men squat. and if the bar aint bendin' yer just pretendin' :)
  9. W

    Tech Analysis of ETFs??

    your wife's initial logic SOUNDS reasonable, but falls apart upon analysis the reason that the same GENERAL TA principles apply to ETF's and individual stocks (or commodities) is that ETF's represent proxies for supply/demand just like any product in a 2 way auction market does - whether it's...
  10. W

    Why arnt Americans asking more questions on this ??

    "lmao that's a straw man argument. the fact they didn't plant wmd in iraq doesn't necessarily clear them of wrong doing." it's not a STRAWMAN argument. i suggest you look up the definition of the term. i was a philosophy major in college, and it annoys me when people misuse this logical...
  11. W

    Why arnt Americans asking more questions on this ??

    LOOK, loosechange is a joke, and has been debunked thoroughly. but that fact aside, the whole conspiracy thang does not pass the smell test... here's why... assume for the sake of argument that bushco et al were "in on" the whole 9/11 thang. we are supposed to believe that the SAME...
  12. W

    % of winning trading using TA

    look, all that is necesasry (it's simple - but not easy) to be a successful trader is to have a methodology that has an edge BEYOND the amount you pay in commissions and spread (if you pay the spread- part of how i make the money i make is making the spread not paying it) and applying that...
  13. W

    Trading YM Consistently?

    the market becomes efficient in defeating whatever the majority of people are using that is clear from how markets are structured every dingdong in the world thinks they can trade index futures and they all have a package of RSI, MACD etc in their arsenal the markets HAVE adjusted, as...
  14. W

    Mentorship programs

    this is not necessarily true. i mentor traders. i have always liked teaching others. i started in college. i actually think it helps to hone one's one trading skills, to condense them down and teach them to others the classic saying is that "those who can't - teach" and i think...
  15. W

    Market Maker Question from a New Trader

    which is why, among other things, i find that watching level II is next to meaningless i watch prints, but level II only tells you what people making the orders want to tell you i think much of the reliance on level II is from traders who used it "back in the day" when it was much more...
  16. W

    These Indices are about to rollover!!!

    this is not "all due" to anything... the market is the AGGREGATE of all trader and investor order flows made for all their different (and sometimes opposing reasons) the market is not irrational or rational. that anthropomorphizes it. the market is a MECHANISM, and it may take on a...
  17. W

    Roth IRA vs. Individual for Trading

    YES. good point the inverse ETF's are an alternative to puts
  18. W

    Roth IRA vs. Individual for Trading

    fwiw, you have to be "long only" and without margin in an IRA with stocks you can buy puts, and you can short futures, but you cannot short stocks in an ira ANYWAY you also cannot use 'margin' although you can use performance bonds - e.g. futures the only margin you can use is that you...
  19. W

    "Scaling out" is inferior behavior

    the point , which has been endlessly discusssed is that NOBODY knows when the market will reverse, or how long it will run i trade the dow futures for a living and i scale out whether or not dood thinks it is "inferior behavior", i know the positive expectancy of my trades, and the...
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    somebody/sec should investigate this futures crap!

    scarlet, his rationale is this if the market moves in a way opposite to his brilliant "predictions" - it is MANIPULATION when and if they ever move in the direction he predicted, - it will be the right hand of god following his lead :) he's done this before. he's been a screaming bear...
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