very new in trading....

[vanzandt]

Best advice on this thread. You're better off putting it all on black. peace

 

[lovethetrade]

Best advice on this thread. You're better off putting it all on black. peace

I sense some sarcasm. I'm assuming an acceptable level of risk (I.e not gambling). Did I really need to say this? Wow!

 

[_eug_]

You can try trading the Micro Euro contract M6E. It has a pretty small tick size and margin requirement. Or maybe the Mini Nikkei 225 on the Osaka Exchange. These should be good for your time zone too.

 

[victorycountry]

I sense some sarcasm. I'm assuming an acceptable level of risk (I.e not gambling). Did I really need to say this? Wow!

95% retail traders don't make money. In other words, it's statstically proven. This acceptable level of risk is very abstract. A lot of traders fail here.

Successful traders not only knows the intrinsic value of an asset (as well as the direction of the current trend) but also knows how to manage risks. Unless you either teach or study derivative instruments like I do, I think it's diffcult to think out of the box and manage this risk. I also lost money in my early days and realised stop loss, relying on static number is not an optimal way to manage risks. one day I came up with this hedging idea and I Could get out of the money eating "stop loss" eventually and Now I could sleep well and don't need to pay attention to the chart all the time.

 

[murray t turtle]

If I was opening an account with $1k I would look for a broker with no monthly fees that offers a lot of commission free ETFs and trade very infrequently - the idea is to make $, not to trade. New traders are inclined to over trade which will eat up your $ in not time. Keep piling $ in and have a long term goal. I would not use any leverage - not now, maybe once you have a few years in the market.

%%
MarkMark1983; copy this, word for word.If SINGgapore has pubic librarys;[ free books]get the 5 or so top trader books by Jack Schwager. reread them especially IBD founder chapter, grow traders like turtles in Singapore chapter, IBD founder chapter AGAIN.
I bought those books, but while dont regret that, you are going to need all the capital you can get.

Also keep in mind markets maybe trended better in 1980s, 1990s;
for example one QQQ coud be bought of $20/+, its about $130 now. Trading-investing is a not a gamble, i did do better in a pool hall gambling,LOL at first; takes time, for a long term trend/goal. Wisdom is profitable to direct.

 

[MrScalper]

95% retail traders don't make money. In other words, it's statstically proven. This acceptable level of risk is very abstract. A lot of traders fail here.

Successful traders not only knows the intrinsic value of an asset (as well as the direction of the current trend) but also knows how to manage risks. Unless you either teach or study derivative instruments like I do, I think it's diffcult to think out of the box and manage this risk. I also lost money in my early days and realised stop loss, relying on static number is not an optimal way to manage risks. one day I came up with this hedging idea and I Could get out of the money eating "stop loss" eventually and Now I could sleep well and don't need to pay attention to the chart all the time.

Do you teach or study?

What is the current intrinsic value of the ES, and what is the current OI for the Jun17 contract?

Cheers.

 

[victorycountry]

Do you teach or study?

What is the current intrinsic value of the ES, and what is the current OI for the Jun17 contract?

Cheers.

Yes I am currently investigating the efficient price of stock indice, bond, fx and commodity using 6 billion trade transactions and I teach corporate finance as well as international finance at a University.

I don't trade Stock indice but I will check the morning star to see if they provide the intrinsic value when I get a chance

Working out the intrinsic value of currency pair is easy but that of stock is quite time consuming so I just check morning star.

 

[murray t turtle]

95% retail traders don't make money. In other words, it's statstically proven. This acceptable level of risk is very abstract. A lot of traders fail here.

Successful traders not only knows the intrinsic value of an asset (as well as the direction of the current trend) but also knows how to manage risks. Unless you either teach or study derivative instruments like I do, I think it's diffcult to think out of the box and manage this risk. I also lost money in my early days and realised stop loss, relying on static number is not an optimal way to manage risks. one day I came up with this hedging idea and I Could get out of the money eating "stop loss" eventually and Now I could sleep well and don't need to pay attention to the chart all the time.

%%
I like good trends better than teaching;
maybe that is why i did better noting what the hedgers did+ doing good trends. Let's face it= most of the 95% dont know how to measure a trend. Wisdom is profitable to direct

 

[MrScalper]

Yes I am currently investigating the efficient price of stock indice, bond, fx and commodity using 6 billion trade transactions and I teach corporate finance as well as international finance at a University.

I don't trade Stock indice but I will check the morning star to see if they provide the intrinsic value when I get a chance

Working out the intrinsic value of currency pair is easy but that of stock is quite time consuming so I just check morning star.

Are you OK to answer some questions on ES?

What does this data really tell us?

Cheers.

Will add NQ for comparison!

 

[victorycountry]

Are you OK to answer some questions on ES?

What does this data really tell us?

Cheers.

View attachment 172809

You are very naughty because I am very busy now.
I will do this once and will not answer to any other question because this isn't a topic I am interested in discussing.

On March 21, the number of total contracts decreased substantially. I don't know what happened to US economy. Shrunk?

Overall, the net position of specialised traders like speculators has been long since January while the net position of hedgers who use futures to hedge price risk has been short. So I guess the price of S&P has been rising ?

I don't know how to interpret this figure more clearly because I don't trade stock indice

ps) Similar observation for QQ