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  1. comagnum

    TOS-% change for each bar

    See the Histogram on the bottom - this shows the % change for each bar. You can cut & paste this into ThinkScript declare lower; input length = 1; input price = close; assert(length > 0, "'length' must be positive: " + length); plot Diff = 100 * (price / price[length] - 1); plot...
  2. comagnum

    Is Trading Itself a Bad Trade? I Analyzed the Industry- Prove Me Wrong

    Cry me a river. Any endeavor that has potential big upside with consequences like losing your bankroll, easy public participation, and requires hard won advanced skills - including psychological, will have a high churn rate. Consistently profitable traders will tell you it took them 5-10 years...
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    Why isn't Jim Simons richer than Warren Buffett?

    Buffet was born into the right family, which made it easy for him to gain a lot of capital to invest, plus his head start gave him a major advantage of Simons - which is called compounding.
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    Trend-following CTAs failing badly. 3.7% returns for past 10 years.

    Dunn Capital is a good benchmark for trend following since they know what they are doing.
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    Is Trading Itself a Bad Trade? I Analyzed the Industry- Prove Me Wrong

    Is Trading Itself a Bad Trade? Well everyone would like to sail a boat to Fiji or wherever. It requires a lot of skills, a certain mind set, & unconditional persistence to make it from a novice learning how to sail to piloting a course across the ocean & leaving port with you at the helm as...
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    Does a disciplined trader smoke weed (?)

    Traders & drug use goes hand in hand - not advocating it, but lets not be to prudish about it either. I heard that micro dosing on LSD is the drug of choice for silicone valley executives these days, that & smoking weed or chasing the dragon in the evening to wind down.
  7. comagnum

    Question on day trade limits. *Noob*

    The PDT settlement was changed last year, now down to 2 days. https://www.sec.gov/news/press-release/2017-68-0
  8. comagnum

    Is Luck Subjective ?

    Many of the richest traders attribute luck as being a factor in their success. James Simons is the most scientific of the bunch, yet in his interviews try counting how many times he speaks about his good luck in making his fortune. As traders we try to remove luck from our trades, so the...
  9. comagnum

    Bitcoin is dead...

    Bitcoin futures launches out of a textbook tight flag pattern & puts in a 9% move on the day - silly me did not take the setup due to the avg daily volume being so anemic @ about 1,200 contracts per day.
  10. comagnum

    Broker for 'hedging' futures

    The CME states you're market position(s) must be exposed to market risk - being long/short the same contract is a violation of rule 534 (wash trades). Q6: Is it acceptable to contemporaneously enter buy and sell orders for accounts with common beneficial ownership if the buy and sell orders...
  11. comagnum

    Guidelines on position sizing for adding to existing stock position

    On my stock trades I use up to 3 positions (33.3%). My aim is to get the first 2 positions in as close to the breakout area as possible. Each trade is treated independent of the others - if any single one is not acting right I exit right away. CIEN (daily) - triangle breakout, 3 positions @...
  12. comagnum

    Must-Watch Movies for Traders

    Get out the popcorn & dare look into the dark side of trading- a day trader goes to the extreme to keep his acct funded in the first film. The second film is over the top. How low will spoiled rotten spooners/trust funders go to to avoid getting a job? Watch & find out.
  13. comagnum

    Trying to understand slippage: 1.6% with Interactive Brokers.

    The morning fills after gap downs can have a lot of slippage. Most seasoned swing traders remove their stop loss and wait for the print of the first hour, unless price is rapidly making new lows on increasing volume, which was not the case here. Learn how to trade around the morning gaps...
  14. comagnum

    Straight answers please. Estimated taxes: yes or no

    Only those are self employed are required to file quarterly estimates, but even if you don't it's no big deal - you simply would have to pay a fine which is interest based on the Fed fund rate. From Turbo tax: Anyone who is self-employed may be required to pay quarterly taxes. A self-employed...
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    Straight answers please. Estimated taxes: yes or no

    Quarterly estimated tax payments only apply to those that are self employed. Those that have taxes deducted from their paycheck and get a W-2 in January do not file quarterly. https://www.fool.com/taxes/2017/03/16/who-should-pay-quarterly-estimated-taxes.aspx
  16. comagnum

    Must-Watch Movies for Traders

    Here is another good one
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    Is Jessie Livermore trading still work with internet ?

    Livermore's insights are timeless & priceless. The core of my trading plan was created from what I learned from his book 'How to Trade in Stocks'. He is to trading what Jimmy Hendrix was to guitar enthusiasts. His estate when he died, in terms of today's value, is over $83,000,000. A far cry...
  18. comagnum

    For profitable traders only...how much is your strategy worth?

    For profitable traders only...how much is your strategy worth? Good strategies are easy to come up - the hard part is following it, forget trying to follow somebody else's, it just wont work. You have to create your own unique strategy if you expect to be profitable. The trader running the...
  19. comagnum

    Grail Posts

    Well I think the closest to a holy grail is what nearly all of the top traders emphasized in audio interviews as being significant, it goes like this "the best trades run hard right out of the gate". My approach to trading is centered on exploiting this concept - cutting losers very aggressively.
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