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Looks like a printer to windows, but spits out PDF files. Now windows can do what Macs have done for years. :-)
Oct
19
Oct
18
I had a pretty good day in futures, except for my EMD plays (3 stops in EMD, ouch!). I made winning trades on YM and ES, but not enough to finish positive for the day. Oh well… I don’t think they were too interesting or educational, so I thought I’d have more fun presenting an ode to the box play.
Here it is:
For reference, here are all the posts tagged “box-play”. In particular, here’s the first one, with good explanation and here’s another good example.
Oct
18
Today I talk some about volatility and “pointage”, as well as my stock trade. It’s getting harder and harder to find strong stock candidates in the morning, because we have been having so many negative days in a row. Stocks look like they need to rest and regroup to me, yet they keep falling.
Anyway, 1 trade for one win this morning. Now, off to futures!
Oct
18
This post was contributed by a guest author, and does not necessarily reflect the views of Richard or MovetheMarkets.com
I’ve read in a few places recently (including here at MtM) that the reason certain traders blog is to remain accountable. I’m not sure how publishing results with an anonymous name on the net helps one bit.
It seems like your expectancy, and PnL will be enough of a slap in the face. It is for me!
This post was contributed by a guest author, and does not necessarily reflect the views of Richard or MovetheMarkets.com
Oct
17
All futures today. This video talks about my stock watchlist, and how I didn’t see any trades to take at the open. I also spend some time talking about why you should buy into big offers, and sell into big bids. Long-time readers will have already heard me say it, but it’s a common misconception in stock trading, so I think I should repeat it every once in awhile.
On top of what I said in the video, in stocks another dimension to the issue are so-called “iceberg” orders. The theory goes like this: A seller wants to sell 2 million shares. Are they going to put out an offer with a size of 2 million? No way… they’re going to issue shares a little at a time, only showing 1000 or less on the Level-II screens at any one time. Then, maybe when they have 10k shares left to sell, they might pick a price and show the whole thing… because they want to be done with it, and a large bid is a big invitation to sellers. So, in stocks anyway, you usually only see a big bid when it’s the last portion of a big buy order. Do you want to buy in front of a big buyer, just as they are about to stop buying? NO, you DON’T! You want to be a seller when the big buyer is about to walk away… So, that’s another reason to buy into offers and sell into bids. Of course, good timing helps a great deal…
Oct
16
This post was contributed by a guest author, and does not necessarily reflect the views of Richard or MovetheMarkets.com
Here’s some charts of a great short trade Wallstreak user MarketMonk made in PTR:
Daily:
5-min:
He pulled in 8 points there! Nice work.
I got back from my work travel, and I have taken 7 trades in the last two days–6 losses and one (small) win. I continue to trade wrong, be on the wrong side of the market, enter and stop at the wrong places. I’ve failed at following my 7 step plan, since I’m just trading anyway and not working it anymore. On top of it all, changes are happening at my job, and not for the better. This is a pretty low time for me, but don’t try to catch a falling knife–it can always go lower…
I’m going to start to follow my seven step plan again. No trades until I get to that step in the plan. That’s where I’ve gone wrong here.
This post was contributed by a guest author, and does not necessarily reflect the views of Richard or MovetheMarkets.com
Oct
16
2 Futures trades for 2 wins. I really think I am getting better at reading ES. My PnL doesn’t really reflect that yet, but I certainly feel better about it. Spending screen time watching futures exclusively has helped. I just have to keep stock moves and futures moves separate in my head, because they really are different as far as I’m concerned. We’ll see how things go.
Oct
16
1 Stock Trade this morning, for an ok win. I talk a bit about market biases and mental stops in this video, as well.
Man, way back when I heard Creep, I never would have guessed that Radiohead would go on to make songs like Fake Plastic Trees on their follow-up disc (The Bends):
What an awesome song. They are really great at taking an idea and building it up into something massive over the course of the song (see also Exit Music (for a film)). Anyway, I was listening to it during my trade, so I thought I’d add the video to the post. I like the new In Rainbows, and really all their work, but to me The Bends is still their best. According to the Wikipedia page on the song:
The director has said about the video: “The film is actually an allegory for death and reincarnation but if you can read that into it you must be as weird as the people who made it.”
Oct
16
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I don’t know much about market profile, but people often talk of the VA… so here is some information on it.
Oct
15
2 wins and 1 loss, but it was oh-so-close to 3 wins. So I think I traded well today, despite my futures shortcomings. This video recaps my two main problems in the futures arena, and goes over the trades.
Oct
15
This post was contributed by a guest author, and does not necessarily reflect the views of Richard or MovetheMarkets.com
My winning streak in the markets is over. However, I found a penny, and thought my luck had changed — until the ninja kicked my ass!
This post was contributed by a guest author, and does not necessarily reflect the views of Richard or MovetheMarkets.com
Oct
15
Was done with stocks by 9:40ish… This video shows my watchlist for the morning, and my 3 Trades for 2 wins and 1 loss. A nice gain on the day, especially since it only took about 10 minutes. If I got a little luckier on my exit on BCSI, it would have been a huge gain day. Oh well!
It takes a lot of practice and experience to get there, but I do believe you can make a nice living at the open. Now, I will eat breakfast, and move on to futures. I don’t know if I’ll make a stock-specific video every day, but I felt like it this morning.
Oct
15
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Spreadsheets outlining recent option volume, by month.
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Bollinger bands are not good estimators of volatility, but here is an alternative inticator which does a much better job.
Oct
14
This post was contributed by a guest author, and does not necessarily reflect the views of Richard or MovetheMarkets.com
There is nothing like messing with success. Although last week was good (by my standards), I have been trying to figure out how to hold on for larger gains. If it turns out to be successful (in real-time), I will write more about it.
Basically, its a three line break indicator. For those who have followed Richard down the PnF path, it looks promising. You can change the parameters to a two line break, or 20 line break if you like.
This post was contributed by a guest author, and does not necessarily reflect the views of Richard or MovetheMarkets.com
Oct
14
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The weirdest part, is that he said the female hormones led him to wear women’s clothing… that doesn’t quite add up, does it? (found referenced from uglychart.com)
