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Four trades on the day, 1 mistake for 10 cent loss, 2 even steven trades, and 1 win for about 1.30. Overall great day trading day. Blue is buy, red is sell. Trades at $83.20 and $83.01 can't really be seen since the buy/sell was at the exact same price. Last trade was a great one as the...

This is a very rational move by OANDA. "Brokers" like OANDA or other FX "brokers" are closer to what Jesse Livermore called "bucket shops" in the old reminsciences of a stock operator. In the sense that they don't actually go out and buy when you put in your buy order. I trade futures with...

thanks for your post, i saved it...full of info

The correct answer is that there is no best way. There are a million ways to skin a cat as they say.

I'd like to know where everyone gets their daily fix of opinion. Not really, but this sell that, as much as talk of trading / markets / etc. If there has already been a list posted elsewhere, let's see an updated list for people. Thanks. BTW, i used to love reading clearstation for...

If you're buying for a long term investment, i would rather take physical over the ETFs. With the ETFs you will pay carry/storage and admin costs for the length of time you are holding the ETFs. Also, there is counter-party risk. If the company who administers the ETF goes out of business...

The spot price is the current price while futures are the future price agreed upon today. If you factor out carry cost, they would be even. So basically, the difference between the August gold futures and today's spot price is the cost of carrying gold until August (storage). As August comes...

There are a million ways to skin a cat, so I'm never one to claim that a strategy does not work or cannot work. However, don't you think that when you have a strategy which is so simple to automate, and a strategy which has been talked about a gagillion times, that such a strategy has not...

Just out of curiosity what's the Lp route?

The problem with the people who do understand economics like the Austrian types, is that they are too extreme in their views. For instance you say that over the last 20/30years the economy only grows due to asset bubbles, but that is not correct. Printing money doesn't grow the economy...

Looks like some folks are taking full advantage of the anonimity of the Internet, lol. $10 says that this deadwood guy is overweight, ugly and has a tough time with the women, and he is taking out his inadequecies on the anonymous readers of this board. Anyone who fails to give any specifics...

Bonds are rallying because...well, because it's a blow off top to a 30 year secular bull market, lol. If it isn't for this reason then it's for that reason. Either way, a major flow of funds is finding the bond market. I think it's a blow off top right here right now, but we'll see. You...

This is very dangerous advice in my opinion. The ole, find a trend / buy a retracement bit works less often than it doesn't in my opinion. The better advice in my opinion is to WAIT. You don't always need to do something. Don't think, it's sold enough, now it will turn it around. Let me...

QE is irrelevant and of zero consequence. The only thing which matters to the economy is the FED FUNDS RATE TARGET. Quantitative easing is really meaningless. Assume X amount of money for the FED funds rate to be at X%, their target. If you go out and buy whatever with freshly printed...

I actually read a book on LTCM but i've almost forgotten all of it by now, lol. I don't believe they were in arbitrage, from memory they had a number of different strategies, some of them extremely complex. They were overly levereged, things turned for the worse, and there they went. In...

One key factor i use in identifying people who don't know much is when they site the notional value of total derivatives. The reason? Derivatives are firstly a ZERO SUM GAME and secondly mentioning the notional value is almost irrelevant. For the first point, if someone loses x amount in...

Best post comes last...close down the thread, it's downhill from here.

You can see just how corrupt the USA is becoming. It's starting to become like the rest of the world where the rule of law does not exist, and it's all about power, mostly government power. If you are the government or have connections to the government, in places where the rule of law does...

The stock price doesn't care how many users facebook has, it only cares about how much earnings it has. So you're right, the growth rate for users is bound to slow, but it has yet to tap in to the profit potential of the users it already has. Assume it makes $5 per user per year, if in the...

The most liquid futures markets will be the treasuries. But i'm not sure why this matters for daytrading. If you're asking this question, you're not going to be moving thousands of contracts, so from your perspective, they are all liquid enough for it not to matter. Even the most illquid of...