brownsfan019

I'm surprised Infinity does not offer something so simple in their platform. Open ECry has something like you are looking for, fyi. I would actually like more, but we'll see if TraderDNA can get off their butts and get it done...

I'd make sure there's a trial period of some sort first as well. You want to see this in REAL TIME before considering putting ANY money into it, regardless of how 'nice' the guy selling the stuff says he is... :deal:

Looks interesting Disco as it's not an actual 'system' per say. More of another indicator and see what you can do with it type thing. I'd like to see it in motion so if you or anyone else takes the plunge, let us know how it goes. I'd bet that BluRay could almost replicate the same effect as well....

James - for me, it doesn't really matter as it is a matter of how aggressive you want to be. In other words, you could consider a short on the doji-type candle or you can wait for additional confirmation and then get another reason to short. Obviously in hindsight you would want to be short on the doji, but additional confirmation is not a bad thing either. Your chart actually brings up a few possible trade scenarios: Here we see: 1) Could short on the doji (#1). 2) Could short on the bearish confirmation after the doji (#2). Now, a trade management idea here could be to enter the trade on #1 with a % of available contracts and then add to a winning position based on #2. Just an idea. =================================================== Taking a look at the daily James and I think we can see some overhead resistance here. Obviously $100.00 even is a MONSTER psychological number. So had you been watching this chart, I'm sure you can see a number of possible shorting opportunities when price approaches the 100.00 level. Sooner or later this level will break, but as of now, I see about 5 trades or so when price hits the 100.00 level.

http://www.openecry.com/rates/rates.cfm Looks like the link works for me. You'll want a personalized quote however if you want to see how competitive they can be.

I would also like to 2nd the request for the unread posts feature. Very nice to see if/what new posts there are. I also cannot access the chat room like Walter as well through the link at the top of the forum.

Anyone know of any good poker card guard websites? I would really like one with the Wall Street Bull, but coming up empty via google. Any ideas or suggestions would be appreciated - posted here or pm. Thanks!

http://www.chicagotribune.com/business/chi-sat_exchange_1222dec22,0,1244161.story There's a link to a story on this.

If this cuts retail rates - permanently or otherwise - I'm all for it!! Doesn't sound like history is on their side, but there are some hefty names mentioned in the article. You know the CME is not happy about this and we'll see how much on the offensive they go to keep business there. If this new exchange can offer lower rates with the same reliability as Globex, I would consider trading/routing orders there. Maybe this will be something like stock traders do - deciding what exchange to route their order to.

One other thought Rock - and probably the obvious one - but if/when you start cranking out regular 'paychecks' from the market, most problems seem to go away... I know, seems obvious, but there's a few suggestions here: 1) As mentioned above, share with your spouse how each day at work goes. Treat it like a day at the office. 2) In the beginning when you start pulling money OUT, get actual checks mailed to you (I realize wiring is quicker), show your spouse your paycheck and make copies. Start building a paycheck binder. Once this becomes the norm, you can simply let her know on Fri or Mon how much your wire request was for the previous week or month. But in the beginning, producing actual bank checks is a very positive confirmation for her AND YOU. And if you want to have some real fun - when you hit a big goal, head to the bank and get the CASH. Take it home and see what your efforts have produced. Share with your spouse. You may take the cash back the very next day, but who cares. There is a process here that I believe can work when you BRING YOUR SPOUSE INTO YOUR BUSINESS. In the end Rock, you need to realize: She has just as much at risk here as you do.

Interesting post carc! I would love to take this bet with the Trading Zoo crew! Money in the bank! :rofl:

I see what you are saying PP. And that's one side of the coin. The other is that VSA is not quite as easy to implement in real-time, which is all I am interested in, hence the reason for the pages and pages of questions. For example, compare some of the candle threads to the VSA. In trading candles, it's pretty straight forward and easy to follow. It does not appear that VSA is quite as easy to follow. Of course, b/c candles are easy to follow that is in fact a reason why many will steer clear of it. The human mind wants trading to be difficult and over & beyond simplistic stuff.

JW - it's easy for people to say the markets are random b/c from a bird's eye view they are - sometimes up, sometimes down, sometimes makes sense, sometimes doesn't, etc. etc. It's also easy for the random theorists to put holes in your 'see this trend line hold' ideas by saying you just cherry pick the obvious times a line may have held. And the other side of the coin technical trader can point out many times a trend line, support area, etc. held over and over and over again.

Rock is between a rock and a hard place. :rofl: Sorry, couldn't resist. In all seriousness Rock, it's hard when your significant other is not behind you. I've been fortunate that through my careers as a broker and now an independent trader, I've had a very supportive person behind me. While not married, for sake of discussion, we are. And for the most part, she's been behind me 100% whether taking a full commission job or leaving that job once I 'made it' to then take on another 100% 'commission' type job. That was not easy for me, but she's been there every step of the way. I cannot comment on what to do if she's not behind you. You need to talk it out and get it out in the open. If she's not behind you, you'll have to find a middle ground where she supports you (as much as possible) but you stay open with her on your progress. I think the key here is really laying the proper groundwork and expectations. What I mean is, while we all get into trading to eventually become multi-millionaires, we also know it's a long, tough road to get there. I think you need to set realistic goals and then share these with her. Example - if your goal is to make $100/day, let her know daily if you hit your goal or not. Bring her INTO your new business, NOT push her away. This is essential in my opinion. While she may not be 100% on board, if you show that you are doing your job and meeting your goals, it may help lighten the load. And when you don't hit your goal for the day, talk about that too. I guess in the end, you want her to become a part 'owner' if you will.

Hope you have a good holiday break too Walter! (If you are even taking a break... ) Good chatting with you this past week or so in the room.

Great job Ronin! I've been trading for a while now and have losses each and every day so for you to have little to no losses each day is just amazing to me. I've not seen many daytraders with that ability! They say losses are a part of doing business and while I agree with that sentiment, you are showing here that's not always the case!

Ronin - nice thread, you are on fire brother. I don't think I've ever seen a person have so many winning trades back-to-back and no drawdowns! Just an unbelievable run! Keep up the great work!

MrEd - I think it really depends on your trading style. For example, if you need volume/volatility it may be best to take those days off. As a candlestick trader myself, I may be around to trade some of those day(s). Sometimes just the morning session. It doesn't hurt to take some time off either.

... and just in case you are not aware of what insider trading is, here is a link directly to the SEC website that deals with insider trading - http://www.sec.gov/answers/insider.htm'>http://www.sec.gov/answers/insider.htm ----------------------------- Here's the text of the link in case your web browser will not direct you there: Insider Trading "Insider trading" is a term that most investors have heard and usually associate with illegal conduct. But the term actually includes both legal and illegal conduct. The legal version is when corporate insidersâ€â€officers, directors, and employeesâ€â€buy and sell stock in their own companies. When corporate insiders trade in their own securities, they must report their trades to the SEC. For more information about this type of insider trading and the reports insiders must file, please read "Forms 3, 4, 5" in our Fast Answers databank. Illegal insider trading refers generally to buying or selling a security, in breach of a fiduciary duty or other relationship of trust and confidence, while in possession of material, nonpublic information about the security. Insider trading violations may also include "tipping" such information, securities trading by the person "tipped," and securities trading by those who misappropriate such information. Examples of insider trading cases that have been brought by the SEC are cases against: * Corporate officers, directors, and employees who traded the corporation's securities after learning of significant, confidential corporate developments; * Friends, business associates, family members, and other "tippees" of such officers, directors, and employees, who traded the securities after receiving such information; * Employees of law, banking, brokerage and printing firms who were given such information to provide services to the corporation whose securities they traded; * Government employees who learned of such information because of their employment by the government; and * Other persons who misappropriated, and took advantage of, confidential information from their employers. Because insider trading undermines investor confidence in the fairness and integrity of the securities markets, the SEC has treated the detection and prosecution of insider trading violations as one of its enforcement priorities. The SEC adopted new Rules 10b5-1 and 10b5-2 to resolve two insider trading issues where the courts have disagreed. Rule 10b5-1 provides that a person trades on the basis of material nonpublic information if a trader is "aware" of the material nonpublic information when making the purchase or sale. The rule also sets forth several affirmative defenses or exceptions to liability. The rule permits persons to trade in certain specified circumstances where it is clear that the information they are aware of is not a factor in the decision to trade, such as pursuant to a pre-existing plan, contract, or instruction that was made in good faith. Rule 10b5-2 clarifies how the misappropriation theory applies to certain non-business relationships. This rule provides that a person receiving confidential information under circumstances specified in the rule would owe a duty of trust or confidence and thus could be liable under the misappropriation theory. For more information about insider trading, please read Insider Tradingâ€â€A U.S. Perspective, a speech by staff of the SEC. http://www.sec.gov/answers/insider.htm

Yo Monkey - we've all told you options are the way to go. W/o knowing what the underlying is, THERE IS NOTHING ELSE WE CAN DO FOR YOU. So, if you want something, maybe you need to offer something in return as well.... Perhaps taking your own advice could work here. Food for thought. Good luck in your endeavor b/c as PP alluded to, this sounds incredibly shady and if you are telling the truth, odds are you are trading on inside information which of course is an illegal activity. If you want to stay off the radar of the SEC and any insider trading activities, maybe now is a good time to divulge what your stock is and what the trade setup is. If you cannot tell by now, I am making sure to say insider trading throughout this post so when the SEC webcrawlers go all over the internet, this post may hit their servers since we may have an insider trading case here. Good luck and I hope you are not trying to commit insider trading and break any well-known SEC insider trading laws.

So far, so good this week in trading for me Mr. Ed.

Monkey - however you are calculating that, it is WRONG. If you just buy a put or call and it moves like you say it is, the profit is unlimited theoretically. I suggest some more studying on your end before making these posts. It's obvious you want something for nothing and to be honest, not many here are going to want to step up to help out. Why don't you start by telling us what stock(s) you just know are going to move and why. Maybe that will spur some discussion. If you just want a free lunch, try yahoo message boards.

monkey - I don't actively trade stocks anymore but the most bang for your buck is in options in my opinion. Now there's a million different ways to make a play using options so you'll have to read up on what is best for your scenario. Buying puts is a quick and easy way where your risk is limited and potential gain is unlimited (in theory). But, just buying puts is not always the best play either.

And again - if my suggestions were that poor, what would YOU suggest? You conveniently left that part out of your post. I'd love to see what other ideas you have since mine were so poor.

As stated above, the OP's question was about HIS PERSONAL COMPUTER going down. Check post #1 in case that's not clear. As for Globex going down, that's another story and one in which I also addressed for MC. So, yes, I do trade futures full-time and know what I am talking about. The question then is - do you trade futures full-time? What's your backup plan Sun since you didn't like my response? Very quick to criticize, yet nothing offered as a better solution...