That's very inspiring. Most people give up their day jobs too early in the game. From the recent posts of yours I read in Anekdoten's thread, you are doing quite well! Can we go back to your beginnings? I am interested in why you started with NASDAQ stocks (if that's the case), and how you migrated to NQ. Was it by way of (then) QQQ? A familiar story to me, if so, haha. Oh, and our readers will notice that while many prominent ET posters who claim to trade were posting, our sharp Razor was trading! Apologies for intermittent posting over the weekend, I am my wife's cabana boy.
Hey, I traded both Naz and NYSE stocks at the beginning. I have also traded YM, ER, ES and now I am on the NQ (like I said mainly due to lower leverage (only $20 a point, ER $100 a point, ES $50 a point, etc). I don't mind posting during the day if things are slow. For example today, 2 NQ trades, for 1 contract each for net gain $216 all before 12pm. (I snuck off midday to watch the first game of the Rugby World Cup and it was a good one, Argentina upset the hosts France !!!). Cheers
Hell of an Interview Duref.... Sitting on the edge of my seat waiting for the next post... while that is in the works... maybe i could suggest an interesting and informative way to see the internals on the NDX to better help trade the NQ... One night when Joe Doaks and Art Deco were having a drink with me at a local juice bar and discussing various new and interesting information strategies... We, mostly Art, hit upon an idea to produce the AD/Decl Line, The Trin, The Net Change and a Fast Cash version of the NDX composite using a DDE feed into Excel... put all 100 stocks in the NDX composite index... have a field for last, change and volume Then for the AD just add up all the stocks greater than zero and subtract the ones less than zero using a value of 1 or -1... Presto AD line... Next Add up all the change's and divide by 100... Presto you have the Net change which shows the Depth of commitment to the up or down price change in the index... Next if a stock is positive on the day then add all its volume and if it is negative on the day all its volume is negative - Find the difference between all of the stocks by adding together... Presto you have the Volume Difference.... and can see amount of energy or liquidity that is backing up or NOT backing up the the trend in price change... etc... for the Trin, and the Fast Cash... and then throw the totals into a charting package and you have the true internal readings for the NDX <b>instead of the disinformation</b> disseminated by being forced to watch the larger NAZ AD, TRin, etc... which can throw one's game off to the delight of the floor boys... anyway Joe and Art now use it and love it... their wives and mistresses love it too... (Jewelry, Cars, Coin, etc)... so there you have it... an interlude of niche info, a bouquet of ideas, to bracket your premier interview... <img src="http://www.enflow.com/p.gif">
Ah, so nothing mysterious there in NQ for you, huh, Razor? Me, I trade it because the contract is cheap. Now please tell me, do you have a plan for where you are going re stocks and NQ for the longer term? I see from your other posts that you typically make more each day trading stocks than NQ. Why is that? Any thoughts of scaling up your NQ trading? Of trading it exclusively? Or is there synergy watching big NAZ stocks and NQ at the same time? Hope you are enjoying this as much as I am. Like having a beer and bullshitting each other about our trading, haha!
EdgeHunter, I like it. But I think Artie and Joe were in their cups that night. Those charlatans once sold me a real-time NDX cash code so I could see when cash led futs and versa vicie, you know, the Jack thing, but for NQ? Turns out the accurst code choked my data feed AND my CPU, so bad that EasySignal would freeze up for up to five seconds in a hot market until it caught up. Needles to say, that lag was as almost as bad as the shitty 15 second cash feed. So I'd be careful of that crowd, if I were you. ET is rife with posters just looking for a sucker to bleed.
Hi, Duref This was awful boring until Edge came along. Any chance of getting him to succumb to an interview?
Yes, Yes... sometimes they are in their cups and sometimes they wear a cup to protect themselves from really vicious moves in the NQ from rupturing things in delicate and private areas... The kind of moves that blow right thru Gaussian Channels... without nary a wink Who said Index trading was gentle... Whewee... Yes, they were laughing in their carrot juices when they told me about the NQ TrackBack System they sold to you... They said they got it free from the Arizona Hershey Highway Society... codenamed it 'Jack Be Nimble' and pawned it over to you for extra trading cash... Anyway... tracking the Cash versus the futures is a game worth playing ONLY if you know <b><u>what the depth of liquidity(volume difference) is...</u></b> Is it greater than average volume day at that moment in time when a program trade might hit OR (>60% using 20 day moving average of trading volume during that time bar) is the volume at that time of the day less than average (Big Volume day or Low Volume Day)... If the liquidity(volume) is high ENOUGH you can trust when the Futures exceeds the cash and a program hits to sell or buy with it cause the Big Boys have liquidity to play with and will go with it... BUT... if the liquidity(volume) is low then the divergences (Futures to Cash) are fake outs like DOM games and the market will reverse spike... and you will be Floor Boy lunch... less pretty than road kill... and more miserable... But you know that since you read Hypostmus's book... damn that plagiarist bastard... gotta sick Alan Dershowitz on him... he took my ideas and sold them for millions and he now lives on his own island sandbar in the middle of De' Nile River Basin <img src="http://www.enflow.com/p.gif">
Plodder, if you think it wise. But perhaps you should interview him. I'm not quite following everything he says, although I have had quite a bit of practice interpreting the posts of many a turgid writer her, not to name names. If you find me dull, it is because I am.
Well, EdgeHunter sure tells a good story. But I don't approve of the company he keeps. While we digress momentarily, I must confess to some confusion about the collective psyche of ET. I am quite sure that there are not two Duref Mudgins here. But when I write facetiously, all I garner is approbation. And when I write seriously, I face naught but opprobium. This leads me to think that ET does not know the difference between approbation and opprobium, or possibly between farce and satire.