Search results

Don I would use a limit order on the above example to get out, but just trying to make a point. :) Robert

Think how powerful this really is. The market is 40.30 bid 40.40 offered you were just filled at 39.50. If you were to sell with a market order immeadiately after being filled you would have an automatic .80 in profit. Not a bad trade. Heavily profitable the second I enter...

Thanks for pointing out the difference. Chartpattern.com was what I was referrring to. There is a huge closed thread on that topic here. What I originally posted was correct as well as Babak Chartpatterns.com (notice the s) I have no problem with. DIdn't realize 2 different sites...

Vinny1 I think you are missing the point that Don and me are referring to. Huge orders don't hit the inside Nasdaq market spreads with size--nor the NYSE marketplace either. They don't want to be filled 2 points lower they would rather be filled $0.70 away. They will make a deal with market...

Don had a good point too. If a huge order of 50,000 shares plus were to hit bids it wouldn't send the market down .70 It would probably go down $2.00. No kidding. Nice point Don Robert Tharp

I'm not disagreeing with you it is very possible to trade Nasdaq stocks and make a profit. I know quite a # of traders who do. First though there are instant fills on the NYSE with NYSE+. I can always hit the bid/offer and get executed immeadiately to buy the offer/ or sell bid for up to...

Send out your resume to them. The worse thing that will happen is they won't accept you. So what apply to them all and be persistent. Robert Tharp

There is a great article in Active Trader talking about the advantages of trading the NYSE. Might want to take a look at that. My firm allows both but majority prefer NYSE. I personally prefer it for the price improvements. Getting my limited orders filled with the specialist. (He...

Redi users/Spears L... are the ONLY ones that get cancel charges on the QQQ. Not sure if that is still going on as I'm not a Redi user. If that is all you trade and you do get cancel fee's when trading with the specialist might want to trade elsewhere. This info might not be correct...

Hey guys half the posts on this thread are off topic. Since this thread is about emini trading strategies (the title) than please keep the comments to that. If you want to comment how trading futures off the floor can't be done than please start a new thread. Thanks in Advance...

Babak might want to add one more thing to that. He started a hedge fund not too long ago after his returns were published. One of the requirements was that investors would have to keep their money in the fund for a year. Well when investors had to withdraw they had a 50% loss ...

Actually there are none that will accept a daytrading account for under $25,000 now. That is the new rule the SEC has.

Mike just take a look at daily charts, and even weekly charts. You can do it yourself in a few minutes. These are the places that markets have had trouble moving past. Robert Tharp

wercurna A U-5 is a record that the nasd keeps on traders. (Don correct me if I'm wrong) of their past performance at different venues. If a stockbroker /trader was disciplined by a securities firm it would show on their U-5. A bad record would show up so that a trader /stockbroker...

Your position size should determine your exit. Smaller size allows for lots of wiggles. A bigger positions shouldn't be used for long term trades. If you have a set stop than your position size should be in relation to it. Robert Tharp

Be careful with leverage. It is a double edged sword. Can cut you just as easily. If you are starting out keep your risk in check. It is a lot easier to recover from a 10% drawdown which takes 11% return to get back to even compared to a 50% drawdown that takes a 100% return to get...

just send me an email Bob. On futures no but my firm plans on being on the front lines when single stock futures come around Robert

Dattrader I take no offense. This firm fits me to a T. I offered it before on the Professional vs retail thread. Anyone who wants to see what I do, office setup, computer setup, types of executions is invited to pay a visit and watch me for a few hours. I have yet to have...

It's not the losses. It's the fact he sold something he KNEW didn't work. He wasn't making money trading his systems either. I remember running a search on the web awhile back. It seems he has a money back guarantee that you can make money with some of his trade recommendations...

if I am following a trend following system than a small scale into and adding to the position as it works in my favor. I NEVER average down and I stop out of entire position when I am stopped out If I am following a anti trend system than I get in one big position and scale out...