Search results

It's always too late to act on what has already happened....but that is NOT to say that what has already happened may not have some type of predictive value to it. Let's put it this way: let's assume you have made a study of various bottoms, and have arrived at a few different patterns that...

Nice trade so far. Particularly in liight of the fact that everyone else is short without stop.:D OldTrader

"Sentiment Analysis" as you put it is exactly what the chart reader is attempting to figure out from the chart. As the actions of the various traders filters into the chart itself, the chart reader should be able to detect the shifts in sentiment. OldTrader

Just wondering what data you're looking at that would lead you to believe that coin flipping and stock prices have anything in common? Either way, I look forward to hearing all about your own methodology. I'm guessing it is something like "one potato, two potato". Perhaps you could explain it...

:D Yeah, what a riot! What were the results, do you know? I could never figure it out!:D OldTrader

How about a rhetorical question: If you are unable to determine a proper entrance other than by coin flip, what makes you so sure you can execute a "beautifully timed exit"? While you're pondering that, allow me to point out a simple fact. Yes, technical analysis may only provide slightly...

Chris: I do understand the virtues, requirements, and benefits of position trading. However, I would point out that the methodology that you are undertaking is hardly reflective of position trading. Each day it appears you are making an intraday trade which maxes the hypothetical account...

It seems to me that trading a hypothetical 18 contracts on a hypothetical $20K account is a good illustration of overtrading. Nothing personal here but I would suggest for most people this is a good way to wipe your account out, whether this trade works out for you or not. OldTrader

Exchange margin overnight is $4K. I'm no margin expert, but I would guess they would have liquidated 15 contracts at the close. Equity stands right now at $18,750. By the way, some firms would not have allowed a daytrade of 20 contracts with only $25K. IB for instance requires $40K for...

I thought the point was to post your trades when you made them. Did I miss something? OldTrader

So who's the margin clerk that's going to close out these 20 short ES for AMT before the close?:D OldTrader

Actually being a landlord really has not taken as much time as you might think. No, I don't use property management companies....a waste of time and money in my eyes. Tenants are responsible for minor repairs in my houses. In return, I give the tenants an option to buy the property in a "rent...

For what it's worth, the only real estate I have ever bought has been distressed. Even in today's market it's probably possible to buy property at a large discount to it's retail value. Just a question of knowing where to look, and when. There are tax sales, foreclosure sales, houses in major...

Let me address a couple of issues here: 1. Renting is not more attractive than buying for the long term. Look at it this way: if you buy you own the place free and clear after the mortgage is paid off....15-30 years down the road. If you rent, you'll still be paying...although you'll...

You're right, there's a big difference. But the difference does not lie in affordability. It only lies in flexibility assuming that the price of residential real estate goes down. The problem is that you're leaving part of the risk-reward scenario out. The part you leave out is that rates...

Here's something to ponder: If you bought a house today for $200K at 5.5% interest, your payment would be about $1130, before taxes and insurance. If the rates went up to 8.5%, and that houes worth $200K was suddenly worth $150K, your payment would be $1145, before taxes and insurance...

What do you mean you were not aware of the missing order at all? You were aware that you had an order that 'disappeared'. At this instant you should have been on the phone to IB finding out what action to take next, whether you had covered your position, etc. Instead, you entered another...

1. I've never had TWS 'remove an order from entry'. 2. Yes, you mentioned there was someone else who had something similar happen, who called IB. Based on what IB told him he took an action. What you're leaving out however is the resolution of this problem AFTER he acted on what IB told...

Yes, I understand the order 'disappeared'. But the point I'm trying to make here is that you had an order in. What did you think happened to the order? It was at least worth a call to IB rather than to ASSUME some mysterious computer gremlin had run off with the order. My point with my...

I understand that you could cover and put the short back out. I just didn't think you were doing that from some of your other posts. Making trades in separate accounts wouldn't make much sense to me....I mean if you're short in one account and long in the other, you have no position (at...