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Everything posted by brownsfan019
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You don't sense any bitterness here BF? Why else would this person find this thread and start posting his rubbish? He's pissed and looking to bring others down w/ him. That simple. He wants reassurance that his opinion that the market is rigged and a big gamble is correct, but he's not finding that here. He's looking for other small-minded thinkers to reinforce what he has learned himself. He's looking for someone out there to chime in and say - yes, this is not a fair game and Las Vegas lays better odds.
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A great win for the Browns. Now go find somewhere else to find some other losers to talk to.
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^^^ this better not turn into spam for ffactory. ^^^
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Whatever works for you! Share some charts so others know what you are talking about!
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Well, my point is that the market needs people that think like you. Guys like me need people like you that think this is easy and you can buy your way to financial freedom. I need people that think this is a hobby. I need people that are so narrow minded in their thinking to try to take a stab at this. Once again, thanks for trying to beat this game that is not easy to beat. Thanks for giving it a shot and thanks for contributing to the traders that did in fact make money while you lost it. Remember, when you lost, another trader won. You are failing to remember that. For every time you lost, your money was simply transferred to another account. That's it. Somewhere, someone was more than happy to take your money. It's understandable that you are mad and upset. I would be too. You spent thousands trying to beat this business and now all you have is some tax losses. And here you are looking for company. Misery loves company, right? You'll probably find more support over at the yahoo message boards or even elitetrader for that matter. Good luck finding it here.
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The beauty of this business is that people like this are a necessity for others to make money. This person is frustrated and mad they've lost money. They thought they were buying an ATM machine and got just the opposite. But, let's say thank you to our friend here and hope they get back in the game soon!
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Email OEC and ask what you are looking for, not sure if it's there or not.
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It's not exactly what you'd like - but hold shift while scrolling on your mouse as another way to zoom in/out.
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Saw this over at ET, thought I'd post here for anyone that may not visit the dark side too much. You'll need to click on it once to get the attachment up and then click on it again to get full size. I didn't feel like breaking up into small screenshots. Source
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Hopefully a few have found some use of this thread, I know I have. While you may not use the 20 EMA and pullbacks as illustrated here, there are some good pieces of advice throughout the thread. As w/ many threads, keeping it going is always a problem. I may just sticky this thread so it stays at the top of the candlestick corner.
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Armand, Just doing the futures part is not hard actually assuming your broker provides a consolidated tax form to use. The very basic way to do them is to just enter the profit/loss where section 1256 contracts go. If you use a program like TurboTax, it is there but you have to hunt for it since most people will not use the 1256 part. Obviously a qualified tax pro can ensure it's done properly and also look for business expenses to write off, etc. But if you just want to enter the P&L, you can easily do that yourself.
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http://www.openecry.com/software/softwarehighlights_advorders.cfm Check the strategy builder option to see if this can do it for you. Might need to call or email OEC if you run into problems.
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Chris, As I said via pm to you, there are 2 reasons for this: 1) There's reason to submit a limit order above/below 2) Right clicking sends a stop order
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dexxy - get some charts posted like I suggested above if you want any feeback on what you are doing. Other than that, not much more anyone can suggest other than read the forums and see what you can find.
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And who the hell are you? 23 posts and think you are king sh*t around here already? Instead of finding posts that are MONTHS old to show your pent up aggression, go out, get a drink and get laid. Much more productive use of your time vs. finding posts of mine that are so old. And maybe think before speaking too there new guy. This conversation feels eerily familiar to another poster that is now banned here...
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Yep. I understand how it works. Thanks. lol
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dexxy, Just read the forums here and elitetrader to get a feel for what it's like to trade. You are asking a very loaded question, even though you may not realize it. Exits are just as important, if not more, than entries. You'll see that sooner or later.
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No - commissions. Actually at OEC margin is higher on Stoxx than ES.
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Don't want to take this thread off topic, but have you guys looked at the Stoxx as a possible market to trade if the ES is too jumpy for you? I've been trading more there recently b/c for me at least, respects levels and so forth a little better. It's incredibly deep and liquid, which is nice too. Commissions also a lot lower than the ES.
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Man Kills His Family and Himself Over Market
brownsfan019 replied to brownsfan019's topic in Market News & Analysis
Paul, You have to keep in mind the majority of the American public that invests is long only & just does what their broker tells them to do. Many brokers do not use stops b/c you assume the market always goes up. And while it may over time, there are plenty of corrections like we see now. When I was a broker, we simply bought and hold. No stops. No need - the market will rebound so why get out? That was the train of thought and what was being sold to people and still is. I'm not arguing that it's a good way to run your investments, but that is how the big brokers do things. -
Really sad that the market can do this to people. I know it's a sad story, but a true one. While most of us here love this business we are in, make sure to always keep things in check... http://www.nytimes.com/2008/10/08/us/08slay.html?ref=business Man Kills His Family and Himself Over Market Article Tools Sponsored By By REBECCA CATHCART Published: October 7, 2008 LOS ANGELES — In a suicide note, Karthik Rajaram wrote that he had considered killing only himself because of his financial troubles, but decided to take his family with him. The bodies of Karthik Rajaram and five family members were found in their Los Angeles home. Mr. Rajaram, 45, shot his wife, three sons and mother-in-law in their bedrooms over the weekend, the police said, then shot himself. The police found him on Monday on the floor of a bedroom his youngest sons shared, close to their bodies. On Tuesday, friends and colleagues said they were stunned to learn of the killings and unaware of the family’s financial problems. The police said that in one of his two suicide notes, Mr. Rajaram said he was “broke,” having lost most of his assets in the plummeting stock market. The police said he had been planning the killings for weeks. Mr. Rajaram in 1999 registered a private holding company, SKGL L.L.C., in Nevada to manage his family’s assets, said his lawyer, Christopher R. Grobl of Las Vegas, and renewed the company’s license last December. Mr. Grobl said he had overseen nonfinancial filings for the company and did not know its worth. Mr. Rajaram had been unemployed for several months, the police said. In the late 1980s and early 1990s, he worked for Sony Pictures in Los Angeles. He then took a job with the accounting firm PricewaterhouseCoopers, said Greg Robinson, a former colleague there. Mr. Robinson said he became friends with Mr. Rajaram and hired him in 2003 to work at Azur Partners, a management consulting firm Mr. Robinson co-founded. But Mr. Rajaram proved unreliable at work, he said, and Mr. Robinson fired him 10 months later. “He was extremely bright and capable but emotionally unstable,” Mr. Robinson said. “We suspected that there was more going on in his life, deeper issues.” A 2001 article in The Daily Telegraph of London said Mr. Rajaram had earned about £875,000, or $1.2 million, after a voluntary liquidation of NanoUniverse, a company he had founded. His initial investment was £12,500, The Telegraph said. Mr. Robinson said that Mr. Rajaram had been involved in various business ventures after that but that the men had not spoken since 2005. “I wish he’d called me; I would have helped him,” Mr. Robinson said, adding: “He was not a violent person. This is very hard to fathom.” Indira Parthasarathy, 72, who was friends with Mr. Rajaram’s wife, Subasri, 39, and her mother, Indra Ramasehan, 69, said the couple’s three sons were standout students. Two of them, Ganesha, 12, and Arjuna, 7, attended schools near their home, and the eldest, Krishna, 19, was in his second year at the University of California, Los Angeles, taking business and economics classes. He had a full scholarship, said Claudia Luther, a university spokeswoman. Victor Bhattacharjee, 22, who was president of the South Asian fraternity Delta Phi Beta when Krishna Rajaram pledged last year, said his friend seemed close to his family, going home every weekend. “He definitely respected his father; he made that obvious,” Mr. Bhattacharjee said. “He mentioned that his father always knew the right thing to do.” Detective Humberto Fajardo of the Los Angeles Police Department said Mr. Rajaram had written two suicide notes, one addressed to the police and one to two friends. In them, he described losing his money in the stock market. He wrote that he had “broken down emotionally, physically and financially,” Detective Fajardo said. On Monday morning, a family friend went to the home after Mrs. Rajaram had missed her usual ride to work at a medical billing company. The friend called the police after finding the house uncharacteristically quiet, with both cars in the driveway and newspapers on the doorstep.
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Jean, Your thread is a wishlist for a platform, yet the only wish is 'better charting'. There's nothing there to help anyone that might be reading this. You need to provide details if you want any help whatsover. As for the trading strategy, it has nothing to do w/ AT. You are talking about how to exit a trade. That is not platform dependent. Do you just need the AT guys to develop a way to get you out at the optimal level? As you've seen in my OEC thread, I ask users to give SPECIFIC details of what they'd like done. I cannot go to OEC and say 'make better charting'. That's a useless request to anyone. That accomplishes nothing. What does 'better charting' mean to you? I'm going to guess the guys at AT are not mind readers therefore they have no idea what you mean here. If you can't provide details though, just leave it at 'better charting' and maybe they can guess what you mean and come up w/ something at some point in time. If not, you can come back and tell everyone that the guys at AT didn't listen to your request.
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What exactly is the wish list part? Just 'better charting'. I'll go out on a limb and say that they'd probably want more details than 'better charting'. Other than that, your post is dealing w/ specific trading strategy, which has nothing to do w/ the platform in question...