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Previous increases in the minimum wage have had little to no effect in increasing unemployment. This is one of the many mysteries in the world of labor economics. The last minimum wage increase (federal) did not lead to increased unemployment; in fact, unemployment decreased. I would not say...

I daytrade NQ when it looks like it will be a trend day. Today was one of those days. I have traded ES and ER2, in addition to NQ, and I would say that the best trends are in the NQ. ES is too choppy; and ER2 has its share of air pockets in which it can go half a point in a second. If...

Not that bad a beating--I just put on the position this week. I am short crude at an average of 74.50, and long gas at an average of 5.91. Note that this is NOT a trade, but a position that might require rolling (and not just once).

I would argue that Aug natural gas would be lower than it is if not for the fact that many traders are doing just that: selling December, buying August, among other months. Building a storage pipeline is expensive and, from what I understand, time consuming. That is the one drawback of...

Absolutely. NG, compared to crude, is as cheap as it ever has been since futures on nat gas began trading in the early 90's. There are many reasons to be fundamentally bullish in the long term on natural gas. Cheaper than oil, and less connected to geo-political strife, plus clean-burning...

Sure you can. Buy current futures, sell winter futures. Take delivery! :-)

Why not a trailing stop, automatically moved along with the market? Moves like this late afternoon tend to steamroll, since traders get trapped and want (need) to get out. Good trade. A really good trade. I did not catch this move, but dodged a bullet avoided buying what at the time...

TIE isn't a Nasdaq stock.

The original question was about whether she makes money trading. I'm not sure it has been answered. What are her returns from trading? That info would help in evaluating whether or not a trader should attend her seminars and buy her materials.

I say let's close this thread. It's getting off topic, and the topic is pretty silly to begin with. After all, if all of these traders are going broke, someone else has to make the money. It's going someplace.

Hi, Phil, Are you still daytrading the ES, shooting for a 1 point daily average per contract? I was just curious. Thanks. Feel free to PM me if you would prefer that this is not appropriate subject matter on the journal. ssynic

I don’t always have time to watch how stock futures (er, people trading them) behave before a Fed announcement, but when I do I am always amazed, and at the same time repulsed. Volume almost always picks up, and whipsaws are the norm. I don’t really understand it. They must feel that they...

Where is the evidence for the claim that "85% of options expire worthless"? I for one do not believe that to be true at all. One study in TASC by options guru Lawrence Macmillan pegged it at around 50%.

Futures of physical commodities have a cost of carry in addition to the interest rate. You probably could get a return greater than just interest if you own physical gold (coins), kept the gold in a safe deposit box, and then sold gold futures against it. Some commodities have rather large...

His kids deserve little, so that's exactly what they should get. There are few people more pathetic that the children of the wealthy who live off of their parents because they are too lazy and spoiled to go out and win their own fortune. Sam Walton's descendents come to mind, esp that...

Imo, a one point stop for ER2 is too close. It is just too jumpy. I would recommend instead the NQ (e-mini Nasdaq). This is just my opinion, but a 1:1 ratio does not necessarily have to "suck." I never espoused the belief that one sets stops according to how much money you can afford to...

Does anyone know how to find historical intraday charts that go back beyond 20 days?

On trendless days I have been known to trade an es-nq spread. Sell the weaker, buy the stronger, with profit targets. Is it successful? Sometimes yes, sometimes no.

I've seen the ES drop several points in a matter of seconds. At $500 per contract, more than half of that could be gone just like that. And stops might not matter, as one could filled right at the bottom. I cannot fathom any reasonable trader supporting one ES contract with anything less...

The relevance of 1976 to 2006 is not evident. The Republican party has changed in the last thirty years. Massachusetts, Illinois, New York, Hawaii and other now liberal states voted Republican, and North Carolina, Texas and other now conservative states voted Democrat. Yes, things change...