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  1. galvinlee888

    Tuesday Aug 9 - FOMC Meeting Announcement

    Stop kidding, I think he want to resign but in reality, he is not allowed due to political pressure. It is not very hard for him to get a new job with 10X of his current salary in one of the big banks or write a crap book and earn millions out of it.
  2. galvinlee888

    Tuesday Aug 9 - FOMC Meeting Announcement

    When the unemployement rate is at 9.1% ?
  3. galvinlee888

    Tuesday Aug 9 - FOMC Meeting Announcement

    Tell me what else you can do if you in Mr. Ben's situation ?:confused:
  4. galvinlee888

    Qe3

    If the job report tomorrow is shy and the market tank for another 400-500 pt, should we expect QE3 next week ? :confused:
  5. galvinlee888

    Is the Sky Falling?

    I am sure Ben already working on the QE3 frame work :D
  6. galvinlee888

    Market Outlook

    SmallBicycle - Welcome Back! Honestly, my Iron Condor (Short Put) is in deep shit now and I am thinking to cut the loss tomorrow. However, since I am seeing you are back with the end of world story again, I change my mind now based your "historical" ability to predict the market :) Btw, I...
  7. galvinlee888

    What to make of this strategy?

    The worst case scenerio for this strategy is: let say you get assigned for your short put (take delivery) for QQQ at $50. You immediately write a call at $50 and take in a premuium of (let say) = $1. And you know what, QQQ jump to $60 in the expiration month and now you are lossing $9...
  8. galvinlee888

    new secret weapon to improve your trading

    $31 is not that expensive compare to those snake oil seminar
  9. galvinlee888

    The Ugly side of Iron Condors

    Not sure who is doing the IC with risk/reward > 20 ?
  10. galvinlee888

    Anyone here making over $100k just trading ES ?

    +1 Hope those amateur learn from this. The margin is there not for no reason.
  11. galvinlee888

    Anyone here making over $100k just trading ES ?

    Sometime it really amaze me when I visit this site. They are so many dreamers here that they think they can make a good living in trading by a account less than 25K ? They can only do 3 trades max a day and what the fxxx they think thay can make a good living by 25K account ? Some of them...
  12. galvinlee888

    Day trading is losers game

    So you are one of them ? :confused: Can you link me to your web site address or sell me your system ?
  13. galvinlee888

    the way market moves

    If your prediction is correct, you become famous and be one of the guru here, you can even begin to sell some trading system or education course for some extra cash. :D If your prediction is wrong (as most ET guru here), no one will remember you or you can just register for another name, you...
  14. galvinlee888

    Day trading is losers game

    Just curious what happen to your another 11 "open trades", each of them are currently in red and has a wide SL of 800, if they all get hit, you are actually going to loss 8800 ? Also, how can you have the buy and sell the same instrucment (EUR/USD) in the same time ? Is the broker allow you...
  15. galvinlee888

    Trading with a Stop Loss in the Futures Market is for Losers

    I agreed one thing, Future trade is not for small account. I only trade two contract (max) each time in ES, and to be honest, I am making some $$ (average 5-6 ticks each day). I only make about less than 0.2% from my overall account each month with average 5-6 ticks win each day. My account...
  16. galvinlee888

    Trading Is Gambling, So Why Is It So Difficult?

    ++ The most honest answer.
  17. galvinlee888

    winning traders: from + 23.5% up to + 39.9% profitable

    Thanks for sharing. From here, it is so easy to know which posters are "broker sponser" , see how quiet the thread can be when it is conflict with the broker's interest :D
  18. galvinlee888

    A simple price action approach

    Why you think it is working ?
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