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  1. 2

    What I Like About Communism

    I had a different take on Communism then some of the other posters. From the top of my head: When I was 5 or 6 years old we were told we could not go to church any more - as a kid I welcomed that. People prayed secretly. Those who owned productive assets, farms, livestock, machinery etc...
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    Can What Happened to MF Happen to IB?

    Please correct me if I am wrong but IB is a broker/market maker and are making a small fee or gain on gazillions of transactions. The breakdown of the internet, halting trading at major world markets would affect them drastically but not like MF who went into the distressed bond market...
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    What's a good tool to determine if the market is trending or consolidated ?

    It's important to have proper context. I use oscillators and Keltner channels to determine what's trending and to what degree. With oscillator crossings I qualify swing tops and bottoms. This, with overlay of Keltner reveals a structure. Price's relation to qualified swing turns and...
  4. 2

    Something may be up at Goldman...

    http://www.nypost.com/p/news/business/why_lloyd_hired_criminal_defense_f8MLntuQ164unriOU0Aq1L?utm_campaign=OutbrainA&utm_source=OutbrainArticlepages&obref=obinsite 222bc
  5. 2

    sure tale sign of an Iranian war brewing...

    DEBKA is developing the same thesis, pretty scary. http://www.debka.com/article/21183/ 222bc
  6. 2

    Don Miller Good Video

    This video shows exactly how he is trading. Clearly he was a floor trader and adapted the foot shuffling style to the screen. ES has enough range and liquidity with depth on both side and he has capital to scale when wants to. He is very flexible (while analytical, he is also intuitive)...
  7. 2

    Faber: Brace for a Global 'Reboot' and a War

    Just how close we could be a large scale war read Debka's lead article today. http://www.debka.com/article/21183/ Makes total sense. NATO is going into Syria (totally plausible) to help out the liberation movement and gains a springboard to Iran. 222bc
  8. 2

    obama is selling off the US cheaply to foreigners- brazilains, russians etc.

    a: Obama did not create the Florida RE bubble, policies under GW created the conditions for it to happen. b: Obama is not selling it, owners (including foreigners)who bought a pie in the sky are selling. c: Clearly foreigners' buying is stabilizing the market. Americans have been snapping...
  9. 2

    Trading Spreads / Self-made Combos on IB

    Yes Enter fist symbol in an empty TWS line, click on it , choose combinations, stock/stock. Window to enter particulars will pop up. 222bc
  10. 2

    transition from pit to computer trading, from computer to pit trading ? ? ?

    Depends on the style of the trader. Some traders who were systematic on the floor adapted fairly easily to the screen. Scalping on the other hand can't be duplicated on the screen because it often happens in split seconds and as some of the earlier posters indicated above it depends on...
  11. 2

    Strong stocks

    SODA looks pretty good. 222bc
  12. 2

    Option strategy to deal with up market with IV dropping

    How about a bull put spread on an inverse ETF? I never actually looked into how the skew works in this case. 222bc
  13. 2

    Aug 7 CME Micro Crude

    Some of the contracts have daily moves that scare even the well healed, like the Softs, Rice and energy like NG, Crude, so it would make sense to split them or offer mini versions. One would achieve similar results (less leverage though) trading some of the ETNs. I would be kind of curious...
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    Stress damage to traders

    I don't fin trading stressful at all. Being on one's toes, paying attention, being challenged is part of being alive. There is a false assumption on the boards that anyone could be a good or great trader if they only tried hard enough. Of course the vendors play up to that. There is nothing...
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    Futures spread trading

    Giant Hogweed, you have the right method. Because underlying fundamentals drive futures spread relationships (other then some front month considerations) the spread has to show some staying power in the new direction. Hanging on by relying on seasonal premises when the trade does not work...
  16. 2

    Did Robert Hoffman really lose 312K in a single TF trade? Yikes!

    Coming late into this... Martingale involves repeatedly doubling up on a losing position once it is closed out until one hits a winner. The trader for example would be short 2 units after being stopped out of the original 1 lot long position, and if stopped out at a loss again then they...
  17. 2

    Charts Patterns are not correct

    Interesting conversation. I would like to mention two things related to the subject. Success with candlestick charts can be enhanced with examining the proper technical context the formation is happening in, so reading a particular candle is just a fraction of what one considers. If...
  18. 2

    HFT GOOD or Bad for Market

    There seems to be a confusion in this conversation about the impact of HFT because people chime in without specifying which kind of trading they practice. It depends on the time scale of the trader. If you are going for a few ticks VHF's are your competition but if you buy AAPL on Monday...
  19. 2

    HFT GOOD or Bad for Market

    HFT is higher on the evolutionary chain then the VST and snatch some of it's bread. Considering that many of the HFT also trade against each other they do create liquidity that otherwise would not exist. As for the public, electronic trading is 10x fairer then dealing through...
  20. 2

    Did you ever share your profitable trading plan/method/system/edge?

    This is a bit off the subject but it is about sharing. I once shared on a busy board a chart loaded with a particular set of indicators (used unconventionally) that allows one to easily grasp the dynamics of what's traded. It was essentially a trading system. The result was very...
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