Search results

160 bps! That's from the A down to the monthly A down at noon. Had you got short on the re-test of the weekly A down 260 bps!!!

Yes, but the trade in XOP was legit as well. Weekly A down. Failure on the re-test as well as the failed A up intra-day and then a confirmed intra-day A down. More then one way to skin a cat.

Here is the weekly A down in XOP. It rallied back off the open to re-test it and failed which also was a failed intra-day A up. So this trade could have gotten you short at the highs of the day. The break and the re-test of an A level is a really common trade and tends to work really well.

Here is the regular chart for XOP. The trigger here was it opened below the weekly A down which already put you on alert and then finally the intra-day A down.

Usually spreads are smoother but in this case, the outright short in XOP at the A down was a pretty clean trade and netted just about the same amount as the spread.

Honestly, I doubt he is doing anywhere near that trading e-minis. He averages into all sorts of positions. Hell, he is probably buying KCG hand over fist right now. I would bet that most of that income is coming from "investment" type trades and he makes some coin on the side trading e-minis...

Hey guys, I thought you might like these two new ETF's I discovered. They have been out for awhile but no one ever talks about them. They give you a way to make a bet on the flattening or steepening of the yield curve. You no longer need to put on a futures spread or buy one ETF and sell...

Well, the levels held today in the ES and we actually saw some strength in many sectors. My number lines are holding firm here. I think this market is going to remain choppy and news driven but there is some underlying strength out there. I think we should get a re-test of 1400 sometime this...

Natty now has a confirmed weekly A down for me and is working on the monthly. That failed QTR A up is problematic. The failed A downs are definitely the best way to nibble at longs. And whatever happened to the hurricane season? LOL.

Bonds continue to lead this market in both directions.

Monthly A down in ES is 1347. That needs to hold for the bulls.

Bullets were "fictitious" transactions that when purchased allowed you to sell stock on a minus tick ahead of a natural short. Say there is bad news in BBY pre-market. The specialist would open the stock on a minus tick which meant all the market on open short orders went into a que. They...

Here is a little trip down memory lane from 2006. Apparently I was giving him shit about that trade then too. LOL. http://www.elitetrader.com/vb/showthread.php?threadid=63056&perpage=6&pagenumber=59

Trader Monthly did a write up on him a few years back. He is VERY aggressive and he will hold on to losers for a VERY long time. He can afford it I guess but it's not something most people want to emulate. One of my fav trades he did was averaging into a massive loser on Providian...

Well...I think his capital base is north of 200 million so that's what...6%? He also likes to average down. :)

I agree. I actually know a few traders who based their decision on not going to Bright on the website alone! They would be better off not even having a site. Hell, you can hire a kid from UNLV who will do the damn site over for a 1k or 2k and it will make a difference.

Futures are already levered around 20 to 1. That's a lot! As for stock, one can get the synthetic leverage through lower priced stocks in additional to the 4 to 1 intra-day. There is more then enough leverage to hang yourself. And FX is levered 50 to 1 if you want to go that route...

This part I agree with. No software is going to teach anyone to trade or provide an edge, especially if it's given to you. Nobody gives away edges. If Don had any software that provided an edge, his brother would trade the shit out of it and it would not be given out for free on a webinar...

I believe he trades the e-mini and intra-day only. He seems to trade options longer term. Another product not allowed at Bright.