Recent content by traderjoe777

Hi - Holding a long-term futures position that is not hedged could be quite hazardous to your capital, and its important is to understand how the high leverage of these derivatives can place you at far greater than if you were holding the underlying asset. In the case of a short futures...

Hi - Let me be the first to congratulate you on your decision to use a systematic approach to trading the markets rather than an arbitrary "discretionary" approach. Assuming you develop your strategies based on sound logic and then thoroughly back-test them on at least ten years of high quality...

Hi - After years of experimenting with different instruments for short-term trades, I finally settled on the following two choices: 1) SPY stock (an Amex ETF) for daytrading, and 2) QQQQ options (nasdaq-based, which have the Amex ETF QQQQ underlier) for swing trades holding anywhere from...

My own feeling is that Amex stock index ETFs are much better for beginning traders than the corresponding emini futures contracts, even though the latter are more commonly touted. In other words, SPY instead of ES, QQQQ rather than NQ, and DIA instead of YM. The reasoning here is that stocks...

Hi -- I've used Tradestation 2000-i from Tradestation Securities (formerly Omega Research) for 7 years and have been happy with this program overall. Nowadays you have to open a brokerage account with them to get their latest version, but Tradestation is still pretty much the industry standard...

You're most welcome...best of luck to you. - Joe

Careful with that scalp trading, Eugene..... Look, all I can tell you about "scalping" is what I personally believe based on my own experience, which is that virtually NO-ONE can do it successfully except professional market makers in an arbitrage context. With $10K, you may end up eating away...

eSignal is my data provider for TS2000-i The best deal in terms of prices and services that I've been able to find is eSignal. I've used them for 8 years with almost no problems such as intraday "dropout" (which was a big issue with another provider I had tried). Also, eSignal has very good...