I just wanted to be the first dope to make this thread two pages long.
Au contrare, Candleboy. The market's always changing, so you had better, too. Always be a student of the market. I have a core strategy that...
BILLYG: You had the right idea, but you shouldn't have chased the market to 45 unless the futures upticked with some order flow behind it....
BILLYG:
I know of a futures prop firm (used to trade there) in the Chicago area that kept a trader for four years, even though he personally never made a...
I bet that if you looked at leverage, commissions, and true net-net profit, you'd be better off scalping futures.
It seems to me that scalping stocks can be a losing proposition for the trader but a winning proposition for the clearing and prop firms. Talk...
What it comes down to is that you are only keeping about 25% of your profits - if you're good. Also, you can show a loss, but the firm is still...
It's an electronic world, my man. The clowns here in Chicago are intent on giving the circus away. It makes no sense to own a seat on a floor...
GG: I don't trade daily bars. So sorry. If I did, I would be more inclined to trade levels. Notice how 8800 is holding like a champ in the Dow?
What timeframe are these bars? Are you planning on fading these 'extremes', or following along with the new high or low against the last bar?
Gordon, here's the problem with MA crossover systems: they're after the fact and a trailing indicator. Why not get short after you've made a...
I know what you're doing, I shake you out, and I pick up the pieces.
The Fed and the Treasury are not allowed by law to buy equity stock or debt.
I am an Engineer by training and experience, so spreads suit me well. I also have institutional trading desk experience. I have three trading...
I seldom take a spread home with me unless it is trending strongly in my favor, or I get hardheaded at the close and refuse to give up both edges...
There's another thread going on right now where everybody's taking a giant piss all over Bloomberg. Who do you think supports Bloomberg?
YEP.
I'm a home-based trader and I spend $1500 per month on a Bloomberg. I am nuts. I support my home and my family from trading.
$1500 per month. Worth every penny.
Separate names with a comma.