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  1. W

    Can someone explain the Oil vs Indexes correlation?

    that was me that mentioned ER2's correlation the REASON is that ER2 is disproportionately (compared to YM or ES) composed of stocks that are in the oil industry and/or leveraged to oil it's HARDLY a proxy for crude prices, but -- for example - if oil is down HARD for the day (2%+), ER2 is...
  2. W

    ib booktrader buttons

    please do also, thanks for adding instant transmittal now on a few of the buttons that didn't have it this is a HYOOOOOGE improvement
  3. W

    Equity market loves higher oil

    free is correct. in the SHORT-TERM (ie last summer), there was an inverse correlation i scalped YM often based on QM and vice versa however... longterm, crude prices are POSITIVELY (not negatively) correlated with equities hth
  4. W

    prop firm

    yes. imo daytrading fulltime (quitting a fulltime job) without less than 1mill in net worth is too risky imo but that's me
  5. W

    House of Cards ready to fall

    again, what is the metric? record high on an ABSOLUTE basis, or a relative basis.
  6. W

    Trade The Markets .com ????

    i'm a big fan of carter, and to a lesser extent, his business partner Hubert they both have good ideas, and solid methodology. they used to have a FREE library of trading videos online that were extremely extensive but have since taken them offline for people not paying to access...
  7. W

    Forget about diversification

    that's an excellent point, ben spread trading is also an excellent way to diversify exposures, reduce risk, etc. there is a reason why a corn calendar spread, or a futures calendar spread requires FAR less margin than an outright position. hint, hint, hint
  8. W

    IB Friends & Family - International

    i just have to say, by the way, that the IB master advisor program (whether done friends and family, or professionally) is EXCELLENT. it makes account management, tax issues, dispersion trades amount client accounts, etc. organized, easy, and flexible it is great stuff
  9. W

    House of Cards ready to fall

    the conclusion about wealth not being created is false of course, wealth is created. our economy, and our stock market, are the greatest wealth creation engines ever known to mankind. capitalism r00ls note: i am not saying that the amount of margin is not significant i am saying...
  10. W

    POLL: Excluding specific members from "contributing" to specific threads

    let's not get all PC it IS about limiting free speech but there is nothing wrong with that in a private forum we don't let people talk about all sorts of stuff here. that is a limit on free speech but there isn't free speech at elitetrader, nobody would claim there is, nor should...
  11. W

    Bored from Using Goals

    i trade mostly index futures (some corn, wheat, oil, gold) and i find that for the indexes, the best trades are just prior to the open up until 11:30 EST i generally don't enter any trades between 1130 to 2:00 pm i will do something else, and/or still be in trades that are still running my...
  12. W

    Forget about diversification

    i was going thru some old posts here and there is a thread where a guy was talking about getting into coffee in 2004 man, that must have turned out nice
  13. W

    Forget about diversification

    220, i generally agree i also note that i am not invested in gold, oil, corn, etc. etc. just to hedge - although it is nice that they show little if any positive correlation with equities i am invested in them in order to speculate, hedge, and seek capital appreciation generally, the...
  14. W

    They 40 year old daytrader

    imo and ime the #1 reason why traders fail is lack of emotional control/discipline NOT lack of analytical ability older people TEND to be more emotionally mature, and thus - ceteris paribus - would make better traders in regards to that issue otoh, people tend to get more risk averse with...
  15. W

    House of Cards ready to fall

    i am saying that margin debt IRRESPECTIVE of the changes in market capitalization and of the # of people in the country is a useless (at best) and disingenuous at worse statistics it's like saying there are more rapes in City X in 2006 vs 1929 well, if there were twice as many rapes in...
  16. W

    They 40 year old daytrader

    i daytrade for a living and i am in the GENERAL AREA of 40 yrs old :) not gonna say how old i am with all u punk young doods here :)
  17. W

    Bored from Using Goals

    back to the original topic, i have personally found that as my trading has gotten better and better, and as i transitioned from losing trader (tm) to successful professional trader, that trading did get more boring somebody once said trading should be boring - like factory work that is SO...
  18. W

    House of Cards ready to fall

    again, i would dispute that claim about margin on a PER CAPITA basis. but since it is not my claim, feel free to provide evidence to support that, on a per capita basis, individuals are more heavily margined NOW than they were in 1929 i'd love to know one way or the other but that is a...
  19. W

    Forget about diversification

    due to globalization of markets, etc. it is true to some extent that various international markets are more highly correlated than they once were. this is not a slag against diversifcation. this is exactly the opposite. it says that just because you are invested internationally does not...
  20. W

    Scalping vs. Techinals

    this is either a false dichotomy, or poor semantics both scalpers and "technical" traders use technicals ie price and.or its derivatives i am not sure what the point of this distinction in scalpers pay more attention to the tape (order flow) vs. the charts, but BOTH are technical
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