wsam29

My experiance with penny stocks is their technical patterns of accumulation are very easy to identify, the problem is finding them because there are soo many.

Oh yeah, gotta have passion for the game and tough it out during the learning phase and not give a rats arse about what others say or how you're gonna fall flat on your face trying. The pot of the gold at the end of the rainbow is well worth the hardship if you stick with it long enough. That being said, I had a friend mock me about how I'm gonna make my "millions" from trading. This is the same friend who had an arguement with me about trading when he's a project manager and gives his money to an advisor. Then again, I was dumb enough to fall into arguing back. Some people just like to argue for the sake of being right if you know what I mean. Those who don't trade on a regular basis like we do, do not appreciate the experiance and knowledge we have. They mistake our inability to make money with poor knowledge about the markets/trading when it really boils down to is lack of knowldge of one self in dealing with winning and losing. They think you need to have special knowledge of super exceptional analysis to make a decent return about XYZ company. That's investing and since we're traders here, I can say for myself, I am a terrible investor. I don't know about how the rest of you feel about that, but we're a different breed then they are.

The grains are "24 hours" now and have been for awhile. Its not so much about understanding the report but rather knowing that one is due and either be flat and trade (price action) after its released. From what I understand, its all about the carry over amount from the previous season, of whats left in the world. That is when the market panics if the current crop has issues. I bought a book from Grandmill (I think that's the authors name) and it was his "system" on "investing" in the grains based on the carry over number, but you need to haev long term stats and there are some services out there that keep track of the data for you, you just need to come up with the fee for it. Not to mention the COT (Commitment of Traders) numbers has an affect as well. In other word open interest. If you understand open interest and the meaning behind the numbers, that's all you really need to know because there are other traders who know more about the fundamentals about each crop, ie Cargill, Bunge, etc. But it is nice to know how the crop grows, maybe having a farmer friend is not so bad after all that deals with the crops. Different train of thinking but if you want to make the big money in grains or any market, it those daily trends that generate the big money, not scalping ticks here and there. Learning how to sit in a winning trade is one of the toughest thing one can master in trading if you ask me. Just ask yourself how many trades you've closed out "early" because you could not sit for maximum gain. I know I've sat through some maximum loses in the past.

For you new traders to the grain market, be aware of when those reports come out. They are market moving reports from time to time. Now that its growing season, expect lots of volatility from planting till harvest for corn and beans, which is about september to november. Wheat has two growing seasons, winter and spring and theres like 3 different types of wheat traded in the US and 1 in Canada (WCE). CBOT KCBT MGE

dang, if it was not from this site, where the heck did i get it from?

He'll either learn to stop doing what he's doing or he'll blow the account. Its that simple. Trading is a right of passage, just because your account is so big, does not mean you are capable of trading that amount of money. I've been approached to manage money from a friend who has some solid connections in terms of network, in the millions, and I've still rejected his offer to manage money, we're talking maybe $10 million to start. Its a totally different ball game when you have that much money.

dude, until you actually write naked options you don't know what one goes through mentally. In essence naked writers are not concerned about the risks invovled.

no, I started trading back in 1998, so the technology that everyone is used to right now was not the way it is today. You learn really fast to accept the possibility the internet may and will go down back then so when it happens theses days, its no big deal mentally. Just have your emergency exit plan in place, ie your brokers phone number.

you know what, that is what I have experianced in the past as well. always thinking trading was harder then it really was.

it takes time for new products to get accepted by traders, the ES took a couple of years before it gained popularity, but back then was a different story. The internet was still fairly new and still unreliable and electronic trading just started. (oh how I remember those days when the internet would just die in the middle of a trade) Old habits die hard when you're used to pit trading, but waiting for a fill is a killer. Give it time.

in theory, unlimited risk and limited reward when you write naked options. I used to do the same thing your friend does, but a coupe of close calls made me think twice. the risk involved for the reward is just not worth it. Control the risk and the rewards take care of themselves.

What happened to that indicator for download? I've been messing around with it lately and have some pretty good things to say about it. Keeps me on the right side of the trend, which has always been a problem for me.

lol winter and salt, not a good combination for after market wheels. (I know I can change them and have a set of winter tires and wheels) :p

no widescreens. sounds to me like no one can go wrong with larger monitors. no, for me, I am content with LG, I've been using these two =witrh no problems. one has over 7000 hours on it, I've been trying to find LCDs with an elasped time counter on the LG L1511S, the L1751s does not come withat feature yet it is a newer model. funny how that works, the older model has the time counter.

Has anyone recently upgraded their equipment from a 17" LCD to a 19" LCD? I am in the market for 4 LCD's, I just don't know which to get. 17" to save some money or just do the 19" and get it over with. Has anyone noticed any difference in the extra viewing area? I'll have a total of 6 monitors when I am done. Thanks

birchmount & eglinton

good question, I have yet to find one for a reasonable price myself, but for one thing, that monitor holder is holding up almost $1,000 worth of LCD's so I'd want to get something sturdy and pay that extra if need be. Well, I am hoping that having 4 19" LCD's I can see the forest of the market and not focus on a single tree, but with volitility I hae seen and used to, it should not be an issue., if the VIX can get above 20 and stay above it, it will be 1998-2000 all over again.

Should be getting one in the mail in 1 or 2 weeks. Its about time I upgraded to 4 monitors, hope that makes a difference in my trading with 4 x 19" LCD's as well. I can already see my setup, 4 19" LG LCD's in the middle (2X2 with monitor holder) with the 15" and 17" on each side. trade management on the 17" and 15" for killing time. should be a nice set up when I have all the peices.

I did the same thing, went long July Beans on 30 Jan 07 around 748, exit my trade +8, went as high as 816, that's alot to leave on the table so to speak, but there are many psychological reasons for us leaving early in a trade. If you keep thinking like that, you will miss the next move. Forget about your last bean trade and just watch what is going on now.

The one thing that I can think of the DD never matching the YM in terms of the bid/offer, the pros that make a market for the DD need to off set their trades with the YM. Just think. DD 12000 bid YM 12001 bid if the market maker gets hit on the DD bid, he can immediately offset his risk by selling 5 YM and pocket 1 tick. One thing I learned about how market makers think, is how they can offset their risk ASAP. The SP and ES are the same, from what I heard its pit traders offsetting their risk with the ES. Just imagine, an instutution comes in with a big order and to keep their business the local would fill the order and offset his risk with the ES in order to keep that "client". They do play favourtism in the pits from what I hear as well. Because its a "pro" or local making the market for DD and SP, their spreads will always be wider than the YM and ES for that reason alone. Heck if I had the speed and ability, I'd pocket 1 tick all day long and just do volume to make all those ticks. Just a totally different train of thought for locals.

NYSE gives access to real time data for anything NYSE listed. $1, which includes $TICK, $TRIN. OPRA is for options such as the Put/Call ratio, $1 the YM is free for the time being by eCBOT. also gives you access to mini gold and silver. If you want access to real time CME e-mini's, you can subsribe to their e-mini package for $25 I believe. It comes in handy to guage whick contract is leading and which is lagging. You know about the 10 trades a month and the platform fee is waived, $99 saved, but you still get knicked for exchange fees.

They trade crude oil contracts right? To compete with NYMEX Fairly new exchange, went public not too long ago. Other than that, I don't know too much about this new Exchange.

I was doing some research regarding CPU's and how much of it Tradestaton uses. From my observations, TS only uses the CPU on program start up, after athe desktops are opened, it uses RAM and the CPU is idle. There really is no point spending money on a CPU that gets used infrequently and I don't do many things on my current box other than trade, surf, email. I just might upgrade my current system since it is an Asus P5P800 board and it has many open slots to add goodies. The ATI FireMV is a shoe in, which would bring me up to 6 monitors and an upgrade of ram to 2 GB. Maybe add in another hard drive just to run TS since I have many old ones "lying" around. Once Intel comes out with an even newer CPU, I may look into the Dual Core when prices are back down to earth. You only need the latest and greatest technology if you are a gamer or some sort of CAD designer or video editing. Other than that, an Intel P4 runs TS just fine. Its the monitors that are a big expense. about $1000 CAD for 4 and a LCD quad stand, another $400. (figures include any sales tax)

I've traded the SGX Nikkei way back when. If not much has changed, that contract is fairly thin compared to US index futures and it may be electronically traded only, before it was side-by-side with the pit contract. For one thing, Asian markets have way more 100-200 range days then US markets. If you can stomach those swings, its a good market to trade. This is the famous market in which Nick Leeson bankrupted Bearings Bank. I think thats how you spell his name.

I am well aware of that, but lately I've been being outbid by some program. I figure since some of us would like a quad output card, but not pay through your arse, this would be a nice way to go. The card retails from a canadian retailer for over $500 CAD. I've seen it for sale on ebay for $150 USD, but that is still too high if it can be picked up for $83.20 USD per unit. Do the math, money saved here and there adds up.