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While market mechanics -- spread, commision etc -- were very different at the time requiring much larger gross profit targets, I did my first scalps in the late '60's and by the mid 1970's owned, with my partner, three seperate small (very small) investment firms; one in NYC, one in London and...

Here is my problem with the math: It seems to allow for exactly zero losing trades and zero scratches and you don't talk about where you stop yourself out when they go south. I don't get it. Nothing about this coincides with anything that I see in the market everyday. No losing trades? No...

How many are paying $3.50+ in commish and making money on a tick or two target? I'm guessing almost no one. That type of trading is often theoretically profitable yet in practice a dead loser. Please chime in if you are making a living trading that tightly. It will interest me, and I suspect...

I'd love to see Rand Paul, Ted Cruz etc. squirm as bits of gold were sold off. Not a lot, mind you, just enough to cover some of the shortfall as we limped along.

That fits with how I have long understood it. At this point I'm trading CL exclusively and four years into my trading career am finally consistently making money that folds instead of jingles. My guess is I will never go back to ES -- although that never say never construct is a good one --...

There are a fair number of very successful traders that pack it in on ES as Europe closes. Some trade other instruments and some are simply done for the day. As Livermore once pointed out "you are not working for wages." As an opportunist it may well pay to increase your size a bit when the...

Yes ... that's why I didn't get into the high school Lamborgini conversation etc. but I think the common wisdom that a QE taper is instant doom is potentially nonsene. I don't carry anything overnight so in fact it doesn't affect me. I've been meaning to PM you with a questions about volume...

Well, typically the market, after a hiccup or two, does quite well for six or eight months after the Fed begins to tighten. I realize that is counter intuitive but history bears it out. I suspect that in the first quarter of '14 the QE regime will begin to subside. Admittedly this is a new...

Well, good for Mike. But I think it's important to realize that when I post: "You say Japan encouages assembly line medicine as if we don't?" The point of that sentence is not that I doubt you (or even Mike) as you opine on Japan's medical machine, it's that I am asking you about our...

The South of Italy has rediculously primitive health care in many areas both urban and rural. I've been all over Italy and in many areas of Sicily. Anything South of Naples becomes questionable. Yes ... health care is a drain of France but it is systemically a drain almost everywhere...

Many who have made serious attempts to examine and quantify the cost/benifit equation believe that France is certainly among the world's best. It shocks the hell out of me that France can deliver efficiently but appearantly they can and do. Other countries in Europe do it pretty well...

If it happens within the next five years it certainly sinks all ships; if it happens in 10 years it probably sinks 'em all and if it is 20, 30 or 40 who knows. The longer we limp along the stronger and more prepared other nations will be. There is no way for anyone -- even Germany or...

This is the equivilant in the US of some far, far left winger or way out guy on the right getting enough signatures to get on the ballot. Anyone who has spent time in Switzerland know that these sentiments do not reflect the average citizen. The day the Swiss are cavaliere about money is the...

Yes ... even when it looks like it was the barbarians storming the gate it was all internal. The strength is dissapated by internal rot and the external threat beomes simply the final push. How long do we have? Five or ten years or more like 30 or 50 before the real collapse? For those of...

No one trading intraday can use the IB feed -- PERIOD!

I have heard that the two feeds, although both put out by Rithmic, come off different servers. True? I have no idea.

In the preceeding post I meant to say Vision not Advantage regarding the Rithmic options available.

Probably the most common setup for retail traders. I don't use either.

Yes ... I am aware that you are not YET consistently profitable! Thanks for the reply.

What's your standard chart for entries and do you manage the trade off of it or another time frame? Thanks