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brownsfan019

Market Wizard
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Everything posted by brownsfan019

  1. brownsfan019
    This thread has some real traders posting their EOD results, but I don't believe many are selling services if that's what you are looking for. We don't have sneaky blogs with 'free' in the name but then ask for donations or have clinics that you can pay for.
  2. brownsfan019
    No problem. They are competitive for me, but as w/ most futures brokers, it's all about volume. The more you do, the cheaper per round trip it is.
  3. brownsfan019
    At OEC there are ZERO platform and data fees. Depending on what you need, you can use their charting and order entry or you can stream their data into other charting platforms if need be. OEC makes their money on the commissions.
  4. brownsfan019
    Any observant player will pick up on that real quick. The check, min-raise is a very obvious play. With that said, you can use that against players that are aware of that play.
  5. brownsfan019
    Frank - I see what you are saying, guess I just see it through different glasses. I think luck is very evident in poker; whereas it's not so obvious (it at all) in trading. I mean - how do you define luck in trading? You got lucky b/c Obama said something in a press conference that set a trade in your direction? Perhaps. But something like that happens so little that it's a non-factor IMO. Other than the unexpected news announcement, not sure what other luck exists in trading.
  6. brownsfan019
    Cow, as I mentioned here, Open ECry is a very nice broker to consider. My suggestion is to demo as many platforms as you can get your hands on and just start clicking around to see what you like/dislike. The other factor will be costs. If you go with OEC, you will pay zero in data fees and/or platform fees, which is nice. I was paying around $700/mo prior to moving my trading to OEC for data and platform fees. Getting rid of that expense was nice. There is a broker review section on TL as well that you might want to take a look at.
  7. brownsfan019
    I hope you join us here! It's a small group, but a pretty decent group of traders that are willing to post here. I personally use Open ECry and use their software - charting and platform - and it's very good. Prior to using OEC I was using T4 @ $500/mo (very similar to XTrader) and initially I assumed OEC would have some serious lags, but I was pleasantly surprised. With OEC, you save platform fees ($500/mo for me at the time) and data fees (up to $200/mo) in a very nice platform. Yes, in case anyone missed that, I was easily shelling out $700/mo in platform and data fees prior to my move to OEC. See above reply to get an idea of what fees you could expect, esp if you go w/ XTrader + eSignal.
  8. brownsfan019
    Here's an update on the trading posted here: Total (Mar2-Mar6) $1,312.51 Total (Mar9-Mar13) $1,053.14 Total (Mar16-Mar20) $765.64 Total (Mar23-Mar27) $675.00 Total (Mar30-Apr3) $1,381.24 Total (Apr6-Apr10) $1,437.51 Grand Total $6,625.04 Up 66.25% on this $10k account. While behind the targeted P/L, not a bad return. So it can be done if you find a trading methodology that works for you and you can follow it. As illustrated on a few days, had I stopped after a few losing trades, I would have given up the opportunity to not only recoup my funds, but come out ahead. Like I said, trading is easy when your first few trades make money and you are using 'house money'. It's when the house has hit you first that the real test comes out. That's when the games are played - do you control your anger/frustration/regret/worry? do you go on tilt or keep that in check? do you revenge trade? do you know your system can bounce back or are you hoping it can bounce back? Thus far we've seen: You can work a small account, IF you have a system that works The thread has hopefully given some additional accountability (which was my goal) and has helped others in different ways (as a few have told me via PMs) It's so easy to post blotters that any vendor refusing to do so should send up a red flag - ANYONE can talk the talk, create a fancy looking website, etc. - but few that are selling wares (systems, books, e-books, etc.) have anything that actually produces results I'll have to play around w/ Excel later and create some cool looking graphics and stuff to track the progress here. If you have any suggestions, let me know.
  9. brownsfan019
    Thanks for joining us MrBlack - feel free to join us daily now that you found the thread!
  10. brownsfan019
    The TL Chat Room would be an option.
  11. brownsfan019
    BF - sorry, didn't mean to confuse. When you asked about long only though, I interpreted that as long (buy) calls OR puts - so you could be long calls (wanting price to go up) or long puts (wanting price to go down). Or you can short calls or short puts. :missy: So many ways to play options so that's why I was asking. It's not as simple like in futures where you are long or short.
  12. brownsfan019

    Optioneer

    brownsfan019 replied to 3putt's topic in Options

    And that is the very reason I no longer trade options. I will never forget my last option trade - bought some calls on Boyd Gaming, the stock rose nicely and my option lost money. :doh: After that I decided it was time to move on.
  13. brownsfan019
    The mental part of the game is the hardest part IMO. And while books on the subject help, it only does so much. When you have real $ on the line, it is not easy at times. Today was one of those days where my read was right - get long bonds - but I was too early to the party. Doesn't happen often, but I had to trust my read that it was time to get long bonds one more time and that trade went as planned.
  14. brownsfan019
    When you say long only - that means long calls OR puts, right JP? Or just long calls?
  15. brownsfan019
    4-9-09 Today is one of those days that either you believe in your system or you don't. If I don't take that last trade, I am down $453 vs. up $265 = $718 swing. While it's easy to say in hindsight to take the 5th trade (that works), when you lose 4 in a row, your confidence gets shaken to say the least. It comes down to whether or not you know your system can w/stand some losses in a row or not. Good lesson for today - myself included - if you believe and know it works, you can't abandon ship if down. Trading is so easy when your 1st or 2nd trade makes money, it's when you are down that the gut check time starts.
  16. brownsfan019
    Simon - I hope the thread can get off the ground for you as I've often heard about Drummon, but never got into it myself. A good trader friend of mine attempted to learn it, but he felt is was not working for him. My understanding is that it takes quite a while to learn, so I'm sure that turns some people off.
  17. brownsfan019
    Some neat ideas but I'll be the first to say that if there's a maze of complex mathematical functions to see if you qualify to be here, I'll be the first out the door; which I know will disappoint a few around here. The bare bones question at debate is how much 'free speech' we want to see around here. You have a site like ET where anything goes and while I know some here don't like that site, there are some great threads there and posters - incl some posters that have come here, seen what it's like and left. In the end if there's a user guide that is 10 pages long w/ flow charts on what qualifies as a good post and/or good user, that's a complete instant turn off for me. The quick fix is to use the block user function. That provides an immediate fix that is available in the programming already. James obviously put it there for a reason.
  18. brownsfan019
    That's only if you place significance on volume. I don't have it on my charts in any capacity and don't need it. So while important to some, others may find it useless.
  19. brownsfan019
    I agree w/ that move Chris. Scared money is no good in the markets and you need to get that comfort level built up again.
  20. brownsfan019
    4-8-09 Ok day here, nothing special.
  21. brownsfan019
    Got it - one month out, find the highest buy/sell recommendations via briefing.com and then buy the at the money put or call. Easy enough to follow, would be interesting to watch someone trade it in real-time. What do you think about using yahoo's free service and using the EPS estimates? Would it vary much from briefing's service? In case anyone is interested, I haven't traded options in a long time but find it refreshing to see a discussion on options since most here trade futures.
  22. brownsfan019
    JP - so what I still don't understand is WHEN you look to enter the trade. You said you get out before the earnings are released, which is easy enough to know, but when do you start hunting for your candidates? For example, today is April 7th. If one were to follow your plan tonight after they are done trading, home from work, etc. what are good candidates for trades to be placed Wed, April 8th? I'm just not following how far out in advance to be looking. If you can show some trade examples for Wed, then we can see easily what earnings date(s) to be looking at in comparison to today's date.
  23. brownsfan019
    I think so to. Site doesn't look like it has been updated in a while.
  24. brownsfan019
    4-7-09 Nice easy trade this morning on a long on the ZB. There's an excellent chance that I got out way too soon though. Also wanted to say thanks to those that sent PM's and posted here. Didn't realize so many were watching my posts.
  25. brownsfan019
    In addition, people can express their opinions of others as well - whether that be vendors, spammers or other riff raff that sometimes makes it's way here. Seems that some people come to TL only once being banned from other forums, but there is an inherent reason why that person was banned other places as well. Regardless, the idea can work or it can backfire. If it turns into a popularity contest, then it will get messy and I think that's the last thing James wants here.
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