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I worked for a high tech company - the company stock was in a big channel channel, it was instinctive to buy at support & dump at resistance - repeating over & over - figure out you could time the market. Ventured into a few more high tech stocks when the first on-line broker opened - did real...

Do you think we are in for a market correction or is he market going to keep cranking? I sure don't pick tops - just taking the setups in front of me which are mostly long on the equity markets. Bull markets & bubbles always go a lot further than most people ever think they will - at tops the...

You can get into an ETF like the 'IEMG' I-shares MSCI Emerging Markets which has very low expenses of 0.14% & trades about 15 million shares a day. If your with Fidelity this is commission free if you hold it more than 30 days - if you bail early you pay their normal commission of $10 round-trip.

Trading futures currencies is much more cost effective these days over Forex. CL is significantly more cost effective to trade than Forex. A comparable Forex position will cost you twice as much to put on. The general thing at work here is the the less $ you need to get well positioned - the...

A 401k is a backdoor into a Roth - just have to wait a while that's all. When your older you could have a nice size Roth to trade out of without having to pay taxes or even file trading taxes - a traders dream - unless you blow up.

When you withdrawal $ from a 401k, unless it is a loan, you will deplete it by up to 39% in taxes. A Roth IRA is much better than a 401k - ideal for us traders since you are only taxed once and have a lot more choices on what you can trade or invest in. You can convert your 401k into a Roth...

The dot.com bull made a much larger move in about half of the time as this bull. This one sure does have a lot less volatility. Weekly bars

That's more or less what I was implying. Asia & Europe can drive price in the ETH, and so can anybody with a large enough account - however the day session requires participation from equities. I was implying the only time the futures 'leads' is simply due to the equity markets being closed.

What industries/sectors would you say are favored by the simple minded folk? Per TD Ameritrade over the last year these were these stocks were bought the most. On the list of 5, the techs made huge gains while T & GE were down big. This is what the crowd did - in a bull market the herd is...

Ooops . here's the one I meant to post on Simon and his big HFT operations. http://www.businessinsider.com/is-high-frequency-trading-killing-this-guys-profits-2009-7

Just going by what info I found on Simons over the years. http://www.businessinsider.com/best-hedge-funds-jim-simons-medallion-funds-returns-and-alpha-2011-1 http://infoproc.blogspot.com/2009/08/cost-of-liquidity.html

If you go by the current wealthiest 10 individual traders that made their fortunes in the market nearly all of them are long term portfolio investors. Most have a macro/discretionary approach - some are doing some swing trading. I think the only exception is James Simons which is a statistical...

I take that comment was sarcastic - quarter after quarter about 45% of IB retail Forex accounts are profitable. I like these odds a lot. :D

If the name of MF is not a warning sign than what is?

Spot Forex & futures trades in pairs. You have the base currency & the counter currency. Futures currencies work the same way, with one exception. The counter currency is always the USD. When you trade the US dollar (DX) the counter currency is a basket of other major currencies. I believe...

I could not imagine trading for a living having 2 kids and a mortgage unless you have a very large bankroll or a working high earning spouse & reserve cash to cover living expenses for at least a year or two. 'The only thing that interferes with my learning is my education.' - Albert Einstein

If you trade the longer time frames than the answer is no. On equities HFTs are doing far less volume than when the markets had only human market makers. The same volume formations & proportions are seen on equities today as the were long before HFT's existed. The predatory HFTs, and most HFTs...

100 contracts, nominal value is around $13.5 million...why would you need $25 million to execute the purchase of 100 contracts? Someone had implied a member outside the U.S. was buying the NQ at 100 contracts per trade. CME Rule 256 2. Participation in Block Trades Each party to a block trade...

Because I am a momo trader - I go long only on strength and and only add on to positions when I already have a decent profit from earlier positions. For longs I only enter at considerably higher prices - on moves out of congestion. I would never want to make a new entry if price is currently...

Someone outside the USA will need over $25M to execute a block trade (clip) on the NQ. If this is not a tale than the prop shop is really sticking their necks out. Trade long enough & you will go through a few shock events where trading halts only to reopen later with a big gap. I could put...