Basically, Datek is horrible. Get with the times and go with a direct access broker. You simply CANNOT be a serious trader without streaming Level...
I agree, ADX cannot make a call alone. ADX is a determining factor, but you need something to base it against (PDI, MDI).
I use the PRO software offered by Realfasttrader. I've been trading with them for a while and I have a decent flat rate (considering I generally...
Sorry, I didn't mean to start a discussion and then abandon this thread, but I went away to the Jersey Shore this weekend. I'd be happy to...
I think you can day trade (even scalp) with as little as $25k - $30k. That would give you over $100k intraday buy power. Think about it stocks...
I ONLY enter a trade when ADX (white line) is on the top. I never trade when ADX is at the bottom or between the PDI/MDI lines. In my experience...
There is no price correlation necessary IMO. What you need to see is ADX (white line) break above the middle line (MDI or PDI) and whichever line...
I use a smooth period of 15. I'm telling you DMI works way better than MACD and Stochastics in my experience. The DMI works on all levels of...
I use a 1 minute chart and a 2 minute chart on the stock (obviously both have the DMI on them) and a 2 minute Nasdaq futures chart. The 1...
I had mentioned the DMI in a Stochastics thread and got like 10 people mailing me about it, so I figured the best way to discuss it would be a new...
Damn, I am in contract on a new house and I'm pissed because these rates are screwing me. When I started the process the rates were like 5.38 no...
Actually I know a firm that has done it that way since the rule came out and it is not who you mentioned. Maybe you should rethink your position,...
Take it from someone who actually makes money as a full time sel-employed day trader. The ONLY indicator I have ever found that consistently...
You can write as many petitions as you want, but you're being delusional if you think that will make them change or repeal this rule. Seriously,...
If you have less then $25k, you can make 3 day trades in a 5 day period. If you make the 4th trade in that period, then you violate the rule and...
I have traded through Realfasttrader.com for the past 6 months or so. I'm sure they follow all NASD rules. I have over $25k in my account, but...
I would probably cover before it ever got exercised. I have substantial equity and can cover the naked put's margin call. However, I wouldn't even...
I have to admit, I like the Dec COF 25 put sale, it looks like a smart trade. Good premium and risk/return, stock hasn't touched that price since...
Selling fairly far out of the money calls and puts is an excellent way to make extra money. I do it every month. I have done VERY well for years...
Trade like it's a job, not like it's your money. EMOTION is the #1 killer of profits. Take emotion out of the game follow a strategy and profits...
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