Recent content by Bolimomo

For liquidity the e-mini S&P (prefix ES) should be pretty thick. You should be able to get a limit order in on the buy (on ask) and sell (on bid) without much problem. Mini-Dow can be a bit challenging because the price jumps fast per point and you are likely to miss out. E-mini Russell...

Make a commitment to stay with the screen(s). It is your job. You are just looking for excuses to sleep at your job. :D One way is to set stop-buy/stop-short orders for entries outside of the tight range. If you can set bracket orders, enter the buy-entry-and-stop and short-entry-and-stop...

If they let you trade where 1 point is 10 cents, how much are they charging for commission on these "micro" contracts?

To clarify: the movement is $50 per S&P point for the e-mini S&P. But the minimum movement (PIP) is 0.25 point. Or USD$12.50.

Thanks for your kind words, GCC. As for Gogol: I don't think it is a matter of "how many days in a row you can afford to lose". How many days doesn't count. As you can lose small, or you can lose big. If you lose small, you can sustain many days and are still okay. But if you lose big...

I can understand what you said about this being a nontechnical topic. I want to understand where you are coming from. Why did you say I made "nonsense statements"? What didn't you like?

I trade full-time for a living now. For over 10 years I had been trading part-time while had a full-time job as a computer programmer/tech-support. For me, it was a "chicken first or egg first" dilimma. I was not trading very well before (about three-four years ago). I was not consistent...

The stock markets are chaotic in nature. What you see, the price movements, are the sum of millions of individual minds on what they DID in the market. Not what they think about the market. Anybody can tell you that they think this, they think that, they will do this, they will do that...

Really? Sounds like you may be new to trading. The old saying: "buy on rumor, sell on news." Don't trade the news. Trade the anticipation leading to the news. Once the news is out, usually game over.

Price drop after company releases good news is typical. Only sheeps buy into good news releases. You see: people who "know" about the pending good news have already told their "friends", who in turn told more "friends". A few days before the good news release, those in the knows are already...

Different trading approaches work well in different environments. Position/swing trading is a rifle. You use it for sharp-shooting at a distance. Because it takes time to reload and you can't swing the gun around rapidly, you tend to be more careful with your aim and fire only when you have...

Another one of those sprint versus marathon running discussion. So boring. Different people are built differently! Some are good at 100 meter sprint. Some are good at 26 mile marathon. Some can do both. Some can't do either! Try them both. Try them all! See what fits you. If you can...

I regret for using the term "ludicrous". It is too strong. I should have used "less than useful". But my opinion on the ADX indicator is still the same. Less than useful.

I have seen young people, new traders typically, come into these on-line trading forums - this one and others - with horrible attitudes: They are ignorant + arrogant. For one thing, they don't care to do their homeworks. Google is all they know how to do. If the answer cannot be found from...

I think using ADX to tell you if a stock is in a trend is ludicrous. You can tell from the price itself. If nothing else, use a 20MA. If price is comfortably above 20MA, price is trending up. I use a modified version of GMMA (Guppy Multiple Moving Average). When the MAs in the long-term...