Do you think this happens ?

LOL... I like this answer...

 

=========================
Was thinking the same thing;
fine, on them joining in trade.

An exception to that rule could be a very profitable trader who has a pattern of scales in massively over a period of time.

Many firms forbid it, some have fired over this


Even in that worst case scenerio;
profits peak would be reached faster perhaps. Fine

 

Volente,

I am curious to know how it would have an effect on your profits if broker did piggyback your trades........thanks porgie

 

I never said it has a negative effect, but it is unethical imho. In theory it seems it would help your position if they did it.

 

You like it ? I am still trying to figure out what he is saying.

 

I disagree, if you have a high winning % of trades, it does not matter if you are trading 1 car or 1000, as long as they follow your moves in the ES they can make money off of you.

 

here you go:

http://www.cftc.gov/cftc/cftccotreports.htm


here is an example:

DOW JONES INDUSTRIAL AVG- x $5 - CHICAGO BOARD OF TRADE Code-124603
FUTURES ONLY POSITIONS AS OF 02/28/06 |
--------------------------------------------------------------| NONREPORTABLE
NON-COMMERCIAL | COMMERCIAL | TOTAL | POSITIONS
--------------------------|-----------------|-----------------|-----------------
LONG | SHORT |SPREADS | LONG | SHORT | LONG | SHORT | LONG | SHORT
--------------------------------------------------------------------------------
($5 X DJIA INDEX) OPEN INTEREST: 87,761
COMMITMENTS
43,252 27,751 1,054 34,878 37,391 79,184 66,196 8,577 21,565

CHANGES FROM 02/21/06 (CHANGE IN OPEN INTEREST: -4,534)
-4,972 1,178 -111 128 -2,597 -4,955 -1,530 421 -3,004

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADERS
49.3 31.6 1.2 39.7 42.6 90.2 75.4 9.8 24.6

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS: 86)
34 22 6 16 19 53 44





larry williams new book is focused on how to use these numbers.

best wishes,

surfer

 

Thanks surf, do you happen to know the name of the book offhand ?

 

sure, its one of my new faves. "trade stocks and commodites with the insiders---secrets of the COT report"

http://www.amazon.com/gp/product/04...f=pd_bbs_1/102-3189081-1734513?_encoding=UTF8


surfer

 

I assume he is the same Williams of the Williams % indicator, who generates so much hatred in my thread under the Technical
analysis section.

Just looked him up what else he wrote, How I made 1 mill trading futures. One reviewer writes:

"his meteoric rise and claim to fame when he singlehandedly turned $10,000 into $1 million in a controlled tournament environment."

So I guess his indicator is good for somethin'......