Recent content by JohnDoe

I disagree (again!) Price risk v Information risk is perhaps what you are trying to get at here - which I do agree with. However, we are still dealing with perceptions here, not truths.

Errr..... I guess we could use the current market price! What ever the last trade was is what the market currently perceives value to be. Anyother fantasy or mathematical model or calculation is just a dream. If your p/e ratio and square root of earnings x number of employees (or other...

No 1st hand experience, but I have read A LOT of bad things about them. I know of no other prop/arcade with so many complaints.

Why are there so many people having problems with IB? I have read many complaints about them on the Internet. I think a good quality broker is one of the most important issues for successful trading (outside of ones self of course).

......Or, perhaps you should learn to read. His posts are quite clear to me, and the reasoning behind them is sound. Could be that you are too greedy and hell bent on max ROI - which a real trader isn't so concerned about - ROI is for corporates and investors. Traders are concerned with ROM as...

CRIMINAL!! The futures market offers 1 tick spread, and the ability to use Limit orders, so you dont even have to pay any spread if your tactics permit. Commissions should be equal or less to 1 tick as well making it cheaper to transact in a baby contract like the Dow. I'm sure some smart egg...

Neither do traders, after all, its just money - and there are more important things in life. There are a lot of pretend traders who do suffer these ailments, but this is only because they give up too easily or are too lazy to acquire the right skills. Often both.

Excellent points. As for the rest...... Computers are most widely used to efficiently execute large commercial orders. About 60-70% of computer volume is executed for this. The remaining part is executed for speculative reasons. Most scalp for cents and ticks due to the superior speed offered...

Just enter a stop order to offset the position at your price.

Yes. This is my problem. I have looked at longer term trading before, but as my mind has been tuned to day trading, I get itchy fingers when ever a position goes against me - why I never made a good position trader. What you say is true - about having discipline, patience and the courage of...

I'll go for 'or'. As in 'Or, dont bother at all.' What in the dickens has a news release got to do with which way the market will trade? The market will trade in which ever direction those who own the markets want it to go in. News reports are mostly fundamental in nature, and it is my...

Try a strategy by selling support and buying resistance. Where would you best buy and sell in order to have probability still on your side should things not work out as you hoped? There is good reason for what you are experiencing, but I am afraid I am honour bound to remain silent on why this...

I too have used Refco. I have found them to be both professional and proactive. I use their NY office though, not the UK one. This is because the NY office offered better rates. The London staff also did not seem as clued up as the NY staff to be truthful! If you are sending orders to the pit...

There is a difference. The places are not the same. An arcade requires the trader be self funded. He also pays for all costs such as seat, data, news, quotes etc. The trader receives 100% of his profits ( minus costs). They offer no training. A prop shop funds the trader 100%. The trader...

www.tradesignals.com is another cheapo charting service. It seems anything is more reliable than esignal though from what I have been reading! www.elitetrader.com