Search results

Dana Galante did 15% annually using pure short selling during the wild bull market of the late 90's. You are no Dana Galante

My friend, I am afraid you are in the wrong business. You see, traders are in this business to trade. When 9/11 happened, the markets opened up days later and you have to trade through it and assess the impact of it on companies and general conditions. Trading is a business, and that's the cold...

I bid 80

You understand that the years volatility dried up 2003+ was all in a rampaging bull market right? You could've simply abandoned pairs trading for long-only directional trading. You could bought anything and earned a profit. In my opinion there is no such thing as finding a profitable...

I'm not in the loop so I usually don't find out when stuff like that happens. THat said, I am sitting on some good short positions right now. Go 11200!

Tudor has a history of catching the big crashes. Expect him to have a monster year :)

he trades salt and antelope skins.. he's just some troll in disguise

I've given up daytrading this since I'm no where near experienced enough or even skilled enough to trade these conditions. But I am bearish on the market as a whole, and am short some stocks via puts for when the big bad bear comes.

I'm getting killed on the vol.

I agree the hedge fund bubble is going to implode. It's funny cause the two things I'm pursuing right now, biomedical engineering and finance, are both bubbles waiting to pop.

3:34 pm Dow is down -54 I'm gonna go ahead and call the intermediate bounce to resume here and stay green for the rest of the week. LOL bad call on my part, totally wrong. I'm flat anyways, hope no one listened to me :D

Have fun in the water. Personally I don't believe in shorting this rally just yet, it's probably one of those phantom rallys that will sneak up on you and drift hundreds of points higher. I'm flat for right now.

Considering he made the call when DOW was up 120+ and it dropped about 80 pts, there was money to be made shorting the rally. So while the market never went red, someone could've made money shorting this morning. I saw it on my own chart but regardless, I don't short upward trending markets.

Good call Rennick, couldn't have done it better. Although from a longer term perspective.. crash time is not yet. Expect the bounce we've had over the last couple of days to continue.

Some funds do daytrade, it depends on their strategy and style. The Cramer Berkowitz fund was realizing 60%+ a year with intraday trades, but of course when the big bad bear came along.. it was Cramer's wife who held the fund together. Big funds mostly put their orders on at the open...

they use level III

I'll be brief. For your purposes: 1. That $10 default market data is fine. No need for CBOT floor data 2. Bundled 3. Reg-T Margin. Daytraders don't use cash accounts. You can do anything with a margin account you can do with cash, but not vice versa. 4. mmm... check off Speculation...

You misunderstood me, I meant in a half-joking way you should sell calls against your stock positions (covered calls), because if you are going to do so much as to hold and pray, you might as well be getting paid to wait.

HOLY SHIT a stock_trad3r post I had to jump on this. We were all wondering where you were LOL. If you're planning to hold might as well sell some OTM calls on your stock while you're at it

hey jasonjm, thank you for sharing the information it is much appreciated. do you keep track of this stuff by hand or backtest it through software? id imagine it would be pretty difficult by hand