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ok, I was wrong. what am I doing now with my options? HOLDING THEM. The reason why is this: long term indicators say near a bottom, a new weekly high will confirm this. I will wait for new weekly high, and then I will buy more. To all you who are "right". Good for you if u put...

over the years, I have created several unorthodox trading techniques, but I never finished pursuing them for various reasons. I want to start a project with a few others that will be a part time endeavor. I'm looking for 4 other traders who would like to develop and expand upon these...

Arbitrage is relative. It's supposed to mean profiting in a no risk situation. But that is totally relative since everything has risk. Aside from that, not all price discrepancies can be arbed. The discrepancy must be greater than the costs of "arbing". These costs can be commissions...

you da man. theres a lot of bs philosophy that day traders shouldn't try to pick tops and bottoms, and that they should stay neutral. This bs is based on a buy and hold philosophy using fundamental analysis and other crap. the whole point of a trader (as opposed to an investor) is to pick...

Actually, I hardly trust modern science. I took a chance on a plane once, and it worked out okay. Took a chance with antibiotics, it didn't work out ok. Screwed up my health for the past 6 years. Using a computer seems to be safe, so I do it. I don't trust other people thats for sure...

can anyone prove to me that the moon is closer to earth than the sun? or that the earth revolves around the sun? fact is, you can only prove something to yourself.

I buy and sell on each rally. This allows me to profit intraday. I will hold at least 3/4 of the position for several hundred points minimum. But the other 1/4, I will sell on strength & buy on weakness. I haven't sold anything yet. But if we get some real strong up days, I sure will.

I can totally relate to what you are saying. I lived off foodstamps til i was 18. No one would give me a job. This truly is the last leg of capitalism.

ahh right right. the futures opened high. It was the NDX that gapped down. I wasn't worried about a gap down, cause I knew it would be closed.

no I'm not George Soros, and I wouldn't want to be him. If you play with size, it would be very hard to have a prediction come true because your size affects the outcome. You'd have to play in macro time frames. I trade under 1 million, so there is little effect. rs7, glad you banked...

I have the gap and direction information every day at the close. Sure it is made up of if/thens, but that doesn't mean anything. WD Gann made very similar types of predictions using if/thens. For example he would say something like "if xyz goes to 54 then it will fall to 39 before hitting...

I use prediction all the time to make consistent money. I don't always get every prediction right, but i certainly have enough information to make consistent money. here was my "prediction" from yesterday. Do you still think the market can't be predicted. If so, is this just a bizzarre...

So, as the performer, you would have respect for the audience. Thats a big theoretical would since you don't have time to perform. Does respect enter your mind when you are the audience? I'm only asking because your posts here suggest otherwise, and maybe you didn't mean them. :D I've...

Bono, I'm not making calls. Thats something guru's do. I'm trading. I post my trade and my logic. If I want to stay in a trade, thats my business. If I change my mind on something, thats my business. I'm simply letting people know what I'm doing. I'm not trying to please anyone...

here comes the fire. I faded the first move , now we blaze upwards.

I don't double down on losers either. It all comes down to definition of a loser. For me, a loser is when I don't know what the market is going to do, or I know it's going to continue against me. If I know it's going to go back my way, it's not yet loser in my mind. In retrospect, I...

Looks like the gap was closed, but it doesn't change much of anything for me. I'm buying futures between 1024 and 1020 as I still think the first move is just wood for the fire (literally). I think NDX will take out highs now.

anyone have experience with it? I read the info on the website, it sounded OK.

NUTSEAL, please be more specific. What do you want to know from me that you don't already know? Futurecurrents & Commisso, I beleive that the markets go up or down because of the collective psychological thinking and action of it's participants. In actuality, everyone is a...

nqtrader I have some experience trading up to 700 NQ contracts per trade, i've detailed that experience here. http://www.elitetrader.com/vb/showthread.php?s=&postid=67921&highlight=slippage#post67921