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Interesting discussion between automated and manual guy trading opposite spectrums of same market and both making money (allegedly). Not super educational, but a fun listen.

They use the "chopsticks" :)

I know very little about options, but I attended a few of their web presentations and my opinion is that they have no idea what they're doing (not saying they are clueless or anything like that, just that they appear to teach generic stuff for lowest common denominator). They have day trading...

I don't think so ... haven't you watched CNBC!? It's not insider trader and it's exactly what they are doing ... talking up their book. Consult with @dozu888 :)

Aren't you a genius riding on 100 years of research since. There were no regulations, no options. People used to corner the markets all the time. Imagine the position sizes he used to put on. I doubt very much you can protect yourself from tail risk even in today's markets when your position...

You need to separate personal life with professional life. Do you look up to a trader who looses money consistently but has a great family life? Of course not. The fact is that this is a guy came from a farm and made himself into an icon with no education or help from anyone. I don't know...

The whole thing is "nonsense" or particular claims made? I guess the main point for me was, in alignment with course being sold, that MMs are forced into more of directional trading, which translates into orderflow footprints, which in turn can be used to join them. He talks a lot (may be in...

Interesting discussion here ( even though somewhat tilted towards selling the course). Anyone has taken Lucci's course(s)? What do people think about reading the orderflow in options? Wasn't this something Najarian Bros were doing as well?

Obviously, no magic bullet here as you want to participate in the upside but not the downside. The rules I had when swing trading : 1. Had to be up at least 10% on the name to hold through earnings. 2. Bull markets are more forgiving, so earnings over-reactions are often bought or at least...

3 days seems too far away for orderflow. A high pivot will be watched no matter how it was formed (single contract transacted). Isn't Jigsaw providing every possible permutation of these things?

What you call "dumb" path is the path to hold on to your IP. If you want someone to run your strategy with their money, you will give up your IP to them one way or the other. How long would someone need to run your strategy to be convinced that it's working?

Wow, that's a lot. You need to build your own charting? Sounds like you are biting way more than you can chew. Got to be an easier way. It fluctuates based on last trade only. Regular candle doesn't display bid/ask which can be far apart (although it may be a good feature to display halo...

You are asking how to buy the dip without defining what the dip means? With you current way, you would buy a dip within a range (non trending period)? That's more like buying near support isn't it?

Buy the corrections? Speaking of timing - what time of day are you trading? No easy fixes, so whatever advice you get is useless.

I know very little. If you are looking to be around other traders, I don't think they have any/many physically there. My understanding you must use their proprietary software, which is always negative to me. Don't think there is any training, so I assume it's for experienced people looking for...

Trend is not an edge. Having the skill to trade the trend maybe an edge or maybe luck. The longer the time-frame, the more chance it's simply a case of being at the right place at the right time.

Ok, it's coming from all these high end concepts an big words you are using. I'm sure you are not explaining things to @destriero here. So can you please step down a level or two and explain what am I(and perhaps others) to make of your post? What heuristics are necessary to win on average...

Books almost always make sense. Theory is great. Statistics are awesome. I agree with @Overnight, somehow trading is always way harder than that. The odds are not set in stone, so having conviction is difficult unless you KNOW what your edge is(and when it's gone). The question is, how much...

I agree with you 100%, but IB is NOT the broker for this. They are very intrusive and non-transparent, imho. Love them or leave them :)

I don't agree here. Payment For Order Flow doesn't mean that the HFT firms can do whatever they want with the order. Definitely they would not engage in the ILLEGAL front running. BTW, my understanding is that most HFT wouldn't bother with thin stocks anyway. They most likely simply forward...