Recent content by wino59

Options are completely different, and I certainly wouldn't use them to day trade. Stick with what is working.

I agree HedgeFounder. I trade one market, Treasury Futures, but I look at all three at the same time. 5 yr, 10 yr, and 30yr. Sometimes I trade the 10 yr, and other times I trade the 30 yr, but it is one market, sort of working in unison.

DionysusToast - Very true, but I would trade off the Ninja Trader DOM, you can see the bids, and offers, but no market profile, and you would mentally have to keep track of what was being bought and sold and bids and offers pulling etc. Even with a time and sales up, it is hard to do. If he...

I think you are looking at this wrong... Keep in mind when ever you place a trade you are trying to predict the future, or what someone else is going to do. Not sure what method you are using but if you trade the same setups every time and your winning percentage is where it needs to be based...

They are not created equal. You need a good data feed, A broker and software to get a good DOM, but it is well worth the money. I trade exclusively from the DOM, and only look at charts at the beginning of the day for 5 mins tops, just to get an idea of the previous day open close, week high...

Not really...the video is right about the percentages, but only because it closed 1 contract. If I am reading it correctly, then this is likely scenario. you hit your target, take off one contract, then lets say it reverses, and hits your stop, well according to the video, 2 contracts hit the...

Scaling out is bad. It messes with your risk reward ratio. I'll try an explain using simple math.. Let say you trade a 2 lot, and risk 4 ticks (stop) and a profit target of 4 ticks on 1 lot and you move your stop to break even after profit target 1 is reached and then your next target on your...

Yes you can do credit and debit spreads as one order. You should be able to submit a buy or sell order for such thing like iron condors, butterflys, double calendars, calendars, etc... all as one order. Not sure what broker you are using.

I use the DOM only during the trading session. I check the chart as part of my morning prep, I only to take a look at the charts, to refresh my memory of the previous days high low, also get a general feel for the market, if we are coming in a resistance or support area, but I solely place...

There are many different day traders, you would do better if narrowed your search a little bit. Many people on here trade Forex, and E-mini, so if that is what you after I would be of little help. What kind of information do you want, or what questions do you have?

No having much money to start is one thing, but your last statement concerns me the most... "I am just afraid I'd fail"... with that mindset you won't make it. If you are afraid to fail, then you will be afraid to place trades, whether or not your first couple of trades are winners or losers...

No. you can always place a market order to close. Limit orders are the ones shown on the DOM the bids and offers, so if you were trading the DOW futures then it would be something like this. Let say the price is 14500 Bid is 14500 and the offer is 14501 you could buy 14501 right now, and...

Dow Futures are $5 a tick, 1 tick = 1 point - However that is a pretty thin market, so I don't know what kind of size you would be trading, the liquidity is not there. you don't have to give up a tick in either direction if you are placing limit orders and not market orders. (but that doesn't...

Though your questions is simple, it is not a simple answer. I think a lot depends on your style of trading. Whether you scale into positions or not, are you a swing trader, day trader, position trader etc. I am scalper, so for me it is 100% unless I go on a big draw down like 20 ticks, then I...

Shakone is right - Implied Volatility will effect the price of an option. This is something that a lot of people do not understand. The price of an option can vary from day to day with just volatility alone. As volatility increases so does the premiums. So for example when the market tanks...