Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.
cw30000
Members-
Content Count
23 -
Joined
-
Last visited
Content Type
Profiles
Forums
Calendar
Articles
Everything posted by cw30000
-
How Do You Know the Markets Aren't Random?
cw30000 replied to dangermouseb's topic in Technical Analysis
Market is random. If it is not random, why is there no 100% winning rate system? -
The Secret to Better Fills, Less Slippage, and Fewer Stop Outs
cw30000 replied to TimRacette's topic in Trading
It also depends what you are trading. If you trade the ES, then you will not get slippage on market order. However, if you are trading the TF or CL, then expect 1 or 2 ticks of slippage.- 23 replies
-
- limit orders
- market orders
-
(and 2 more)
Tagged with:
-
Don't think Optimus has server in hk or Singapore. I think IB is the only choice Sent from my HP Touchpad using Tapatalk
-
[es] Stop Losses: Help or Hindrance?
cw30000 replied to AuctionMarket_Trader's topic in E-mini Futures
You must have stop if you trade. The reason is simple, one flash crash will wipe out your account, you may even have a negative balance. If your entry is correct, then the chance of you stop getting run over is slim. If you do get stop out constantly, chance are that you have misreaded the market. Sent from my PC36100 using Tapatalk -
I want to know if the [quantity, price modify, cancel, order modify] area after an order is enter or executed be placed on the right side instead of the default left? Please screen shot for what I am referring. Thanks.
-
It is not that ES is difficult, it is because it does not fit your style or psychological profile. For example, I traded ES and failed. But when I applied the same strategy to crude, it suddenly work like magic.
-
Every thing is up, except the USD. Equity is the weakest of them all. I donno why people are happy we when their $ buy a lot less now Sent from my PC36100 using Tapatalk
-
Is depth of market really an edge? I found it distracted. I only care about the spread. Sent from my PC36100 using Tapatalk
-
A Question for Active Day Traders
cw30000 replied to youngsequan's topic in Day Trading and Scalping
Another reason to trader future instead of stock is tax. As of now, the highest rate for profit is 23% for futures and 35% for stocks. That mean for every $100 profit in futures, you have to make $118.50 to have the same after tax profits. What if you have a loss? Futures allows you take the current year loss against profits from previous 3 years, while stock only allows 3k a year. Sent from my PC36100 using Tapatalk -
anyone care to comment on crossland lcc, a clearing firm? I tried google, but cannot find much information.
-
Regardless where you go, the end result is the same. The world is running on fiat currency and guarantee there will be inflation. The problems with US is we have too much debt, bad policy, rewarding bad behaviors, etc etc. If you are profitable, I would advise you to leave this country and denounce your citizenship. Go to country like Singapore where there is no tax for trading. You don't even need to learn another language, they speak English there.
-
I have received my 1099 from OEC and it looks like they forgot to included my FESX trades. My 1099 shows a loss ~500 but on statement, my loss is almost $1700. What happened to the missing grand? I have tried to contact them to fix it and the reply I received from them was their 1099 is correct and tell me to seek a tax pro. But they cannot explain where is the missing ~$1200. For those of you who trade a contract beside that is not denote in your base currency through OEC, please check your 1099.
-
If SEC going to fix short selling then they need to fix naked short seller. Naked short selling should limit to market makers and if they failed to delivery, they must pay a heavy penalty such as 200% interest. I saw a HK tv serie years back when a market maker failed to deliver share, he was sent to prison. I think we need a system like this.
-
TOS Futures Account, Testimonial, Moan-ial
cw30000 replied to popstocks's topic in Brokers and Data Feeds
TOS for options and IB for everything else. Except if you use tick or volume candle charts, then you need another broker or another feed. IB provide you with a snapshot every 0.2 second. -
The only problem I have is I didn't get any notice when they loss connection with the datafeed. This happened with the Stoxx on Monday 2/23 10:20 to 10:35 EST. I didn't have a position on it, but it would be nice if let their customers know that the connection was lost. This would be a problem if I have a position on because I minimize OEC after I put on a trade or after the trade is filled. I set up audio for filled and trailing order. If I don't hear anything in 10 to 15 minutes, then I will open OEC again to see if I should exit the position. Popstock: Orders are reside on their server. The order default is on day. I changed it GTC.
-
I don't find Haiken Ashi useful. After all, it change direction/color whenever price takes out the lower low of the last 2 bars on up side, and higher high of the last 2 bars on down side.
-
This doesn't work. I'm not sure it is because of my system or it simply does not work. If set up and click on test, it crashed OEC trader.
-
Would appreciated if someone can post it. Thanks in advanced.
-
I would like to suggest a feature that allow you configure alert to sends out an email or sms when condition(s) are met. Send out email or SMS when an order is executed. I know most of you don't require something like this because you trade on a much shorter time frame. I find it very difficult now to trade shorter time frame while have a baby at home. So I have to move to a higher time higher time frame. My baby is a light sleeper, so an audio alert is out of the question. I know there are programs like that. If someone can know a program that does the trick, please let me know. Great appreciated.
-
I wouldn't recommend any foreigner to set up an entity in the US. US is one of the highest tax country in the world. You are better off using another company. You will be much better off in a long run, assume you are profitable.
-
I really HATE how OEC's DOM works. It's fine if you just use limit order. If you use stop order, chance are you left click on on price and your order were executed. The reason is left click is set to limit order regardless where you click on the DOM. What in the world are their developers thinking? Why would anyone want to place a buy limit order about market price (sell limit below market for short)? That's a market order. If I want a market order, I would just click on buy/sell market. I hope in the short future they will fix it. I have used few other DOMs and OEC is the only one action this way.
-
If you going to use NOD32 and use XP, I recommend you stick with 2.70 instead of the new version 3.