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A nightmare scenerio, imo, on both ends.

I wholeheartedly agree but probably 90% of my trades are shorts. I cut my teeth on the bear market and I hate going long unless its a parabolic move.

Thanks. I have been looking it over. If I do it, it will be invite only, password required. I have no intention of dealing with the kooks.

Ive been thinking about this for awhile and have decided that I would like to try a small chat room in Paltalk primarily for company if I can find a couple of likeminded souls. The only requirements would be a sense of humour, a positive attitude, and a basic understanding of trading as this is...

Of course there are some people that are able to do it. They have my deepest admiration because I know how hard it is.

Keeping it positive?

I've found the TICK to be only about 50/50 as far as any predicting value. The TRIN is a laaaaaaaggggggggiiiiinnnnggg indicator, imo. I'm speaking from the viewpoint of 1-5 min. timeframe, however, as that is all Im familiar with. Fwiw there is an article on TICK in the new ActiveTrader.

I wonder what the figure is for annual profits for JPM, Merrill Lynch, Schawb, etc. plus all the smaller brokerages. Billions I would imagine. Who is supporting all those thousands of people that work for IB and the rest of them. Where does all that money come from? Its a wonder to me that any...

Just finished reading through this thread. Pretty much agree with whats been said. The only exception I can think of would be some old fart who has already made more than he could ever spend.:D

That pretty much sums it up.

IB has one click order entry with its BookTrader and no platform fees.

That was interesing. Thanks for the link.

Amen brother.

Perhaps a good demonstation of fractal is that you cannot tell what timeframe a chart is by the bars alone.:)

MA's are one of my favorite leading indicators.:)

Good idea. I think they should give you a toaster when you open an account.

What do you mean by "fractal"? This term gets thrown around quite a bit here but Im not clear on its exact meaning. The dictionary says: Etymology: French fractale, from Latin fractus broken, uneven (past participle of frangere to break) + French -ale -al (noun suffix) : any of various...

R/R a little topheavy there Ricky. Good luck.