Search results

two other factors. 1) if you are going to claim professional trader status for a given year, you must declare it by april 15th. so, if you were to declare your trading gains as income as a pro trader for 2006, you already had to declare it by april 15 of this year 2) *if* you claim pro...

YM and ES have almost the exact same volatility. since 10 ym points = 1 ES points (on a dollar per dollar basis), all you have to do is compare average true range ER2 is more volatile many traders prefer a more volatile trader. i don't. not for index futures. that's something to...

i don't doubt that downside is more limited this is commodities. the cure for low prices is... low prices my point is that not everybody goes long or short to speculate on price. speculators need to remember that.

TA is just a tool. so is a business plan. most businesses fail. that doesn't make business plans useless, it just means that those that EXECUTE a business plan properly make money most don;t the more i read this (and other sites) the more i am amazed at how little some people understand...

"Someone else has to be wrong for you to be right. Not everyone can outperform the market. This is something I don't hear much from the talking heads." while this is somewhat true, i think it pays to remember how futures markets work, and why they exist in the first place the reason they...

the rich DO get richer and the poor also get richer if you doubt that, feel free to compare the standard of living of the bottom income quintile NOW vs. 30, 50,100 or 150 years ago our system grows wealth

try throwing away the lagging indicators... look at price, the tape, and see where support and resistance forms go from there...

fwiw, i prefer so called "trendless" markets and i scalp the YM for a living. imo, lagging indicators (RSI, MACD, etc.) have (how can i put this nicely) --- less than optimal utility for intraday scalping the index futures. generally speaking, the more "trendless" the market, the less...

look, i am not saying that market makers etc. do not sometimes gun for stops based on their understanding of TA and where people would put their stops. Personally, in regards to intraday trading, i trade the dow, which is much more of a pure supply/demand proxy than any individual stock, and...

lol you are quoting the turtles trading rules to support your point???!! which is exactly my point. optimal trading (and scaling vs. nonscaling ) VARIES depending on timeframe, trading methodology, etc. the turtles trading methodology is a TREND following system trend following...

the markets are neither benign, evil, out to get you, or out to benefit you. they don't care about you. they are the sum total of all investor, trader, hedger, speculator, orders placed together. we ascribe anthropomorphic attributes to them, because that's a natural way for our...

i like nikkei futures through SGX. the 5 point spread at $5 per point (roughly) makes it a $25 spread. that's a bit thick, especially for multiple contracts. this mini seems like it might be quite nice but it does appea i have to pay for the OSE datafeed on a month basis whereas...

"Here is another notable and very scary part of the article. The "4 20-inch monitors" theory. The market is no longer dependent on earnings, analysts, fundamentals, P/Es or anything like that. All it depends upon is a bunch of guys with some monitors who trade the stocks as if they were playing...

actually, it was quadruple witching iirc, not triple witching you can't GET more witching that that ! :)

i totally agree. when i was starting out, i cannot count how many times i traded away my morning's winnings. i had to learn that the money i earn is NOT the house's money ... it's MY money i am not giving it back what i have done before is trade my demo account, AFTER i make my...

there is no clearer sign of an amateur and LOSING trader (or one who will be a losing trader given sufficient "n") than a trader who refuses to take responsibility for his own trades, and blames Market makers, "manipulators"... whatever NO clearer sign. for many people, trading is the...

i have IB and Ameritrade accounts. they are both good, but used for VERY different positions i use my AMTD account to develop positions on a longterm basis, and occasionally for swings. i get $3 per trade, unlimited shares. i use my IB account for daytrading futures (mostly YM...

my understanding is that IB aggregates (to some extent) the time/sales (prints) however, i still find utility in watching the tape, so take that for what it's worth

spread trade would be easy simply make a portfolio with long one contract of X and short one contract of Y plot the difference... i already do this. it is similar to how i plot PREM (IB does not have prem). i make a portfolio long futures, and short the cash. i plot the total, which...

i like doing calendar spreads on ags (corn) and I like spreading indexes. like long ES, short YM and that sort of thing