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SunTrader
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Posts posted by SunTrader
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Options and futures based on the same underlying market are never the same price. And depending on which market some options and futures expire at the same time while others have different expirations.
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I didn't catch the move (was watching other markets) so this is monday morning quarterbacking on my part but another way to look at brownsfan's triple top would be to use Trader Vic 2B pattern where after a market breaks out to new higher high then fails to follow through go short on close below low of HH bar.
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I've been watching BKR.A stock since it was ~$99,000.And yes, it is because I think I can get more value from a stock that is $5 than is $100. You are right though, price will not have any bearing on the investment value, but the growth potential may be better although it is on a case by case basis.
I think you understand when you say "although it is on a case by case basis" and if you consider that when looking at whatever price stock you might be considering then OK. Otherwise there is no reason using price alone a $5 stock has better growth prospects than a $100 stock.
Look at GOOG at $650 comparing to GM at $23. Which has greater growth potential. Now whether that greater growth potential turns into stock appreciation is another story.
I trade and invest only through an IRA and use very little funnymentals in my analysis but if I did the current price would be looked at after all other factors were considered. I trade short term using TA so price is the first thing I look at.
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Why, is it the belief that a $5 stock has less far to drop? Price should have no bearing on whether to invest in it or not.I'd rather buy 400 shares of a $5 stock than 20 shares of a $100 stock and work my way up from there.For laughs take a look at BRK.A - Class A stock of Berkshire Hathaway Warren Buffett company. Trading around $135,000 a share.
Out of range for most people to invest in. But if they had, a return of 25-50% from this time last year would have been possible depending on entry/exit.
But some who had a few 100's thousands might say, yeah but I can "only" get 3 shares.
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What platform allows for seconds? Realizing 540 seconds = 9 minutes of course.I use both tick charts, seconds, minutes and day charts.My main attention goes to 540 seconds, if that looks ok,
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Ticks determine the size of the bar, not the shape. In-other-words a 610 tick (or any other number) bar can be a either OHLC bar or Candlestick. Doesn't matter.since it takes the time out of the equation how is it an edge over a person using candles???
Thanks for the other replies guys/girls
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Ticks charts take the time equation out of the picture. A 610 tick on the ES mini S&P covering the overnight globex session may have between a few to maybe a dozen price bars - the timeframe being twice as long as the day session itself. Then during the day session there is generally 200-400 bars.
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I'm sorry but although you might know a lot for a 21yrs old and your father at 50yrs old may be naive about the markets - you are not the one to tell him how to trade/invest. He has earned the right to do as he wishes. Continue on your trader path if you are successful but keep it seperate from what you dad does. Money can destroy relationships if you let it and that would be tragic.
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Suri is one of the good ones. Now if only he would release his RangeBar indicator for TradeStation. Maybe issues to workout with TS first. Waiting im-patiently.
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Actually I did hang at SI Silicon Investor which is real ghost town now. I think they started about '96 but I didn't come across them till late '97 (?)Ahh those where the days. You missed out on a couple of places to hang! Silicon investor had a day trade section I seem to recall, and of course there was The Motley Fool that had a section 'The Devils Den (daytrading)'. Actually that summed up the sentiment about daytrading round then
We where all 'devils'. Of course the majority of these forums where about investing. How things change.Cheers.
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Well you seem to be selective in your reading therefore your judgment in me being critical. I started my reading of this thread at post#1.As stated above, the OP's question was about HIS PERSONAL COMPUTER going down. Check post #1 in case that's not clear.As for Globex going down, that's another story and one in which I also addressed for MC.
So, yes, I do trade futures full-time and know what I am talking about. The question then is - do you trade futures full-time? What's your backup plan Sun since you didn't like my response? Very quick to criticize, yet nothing offered as a better solution...
As far as how long I have been trading Full-Time, before there were such a thing as trading forums (mid '90's).
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No thanks done the trading room too many times and look at it just another distraction. Fine for others I know.Are you asking me Sun?If so, feel free to stop in the TL chat room to see for yourself.
My question was related to your above answer to get a better broker when the discussion centered on ecbot going down. Globex has not been immune to such problems either although not to the same extent as ecbot.
An equity account to use ETF's would be the same situation as having additional funds in a futures account to hedge YM/ES.
Whatever the backup plan, one is needed.
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Do you trade futures at all?MC - the BEST and EASIEST way to 'hedge' is to find a platform and broker that work in situations like this.The next step is to have a backup stock/options online account where you can quickly and easily buy/sell the corresponding index ETF or ETF option.
Now, the time that it takes to log into your online account, find what you need and place the trade will take longer than just calling your futures broker and telling them to flatten your position if you have a broker that answers the phone quickly.
So my suggestion is to not waste time having a 'oh sh*t' plan and find a broker(s) that are reliable and accessible.
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The move that hasn't happened yet is the YM to Globex. ER2 is a whole other situation.So far MC, Globex is light years ahead of the ecbot and rarely freezes.As for the move, it already happened - you can trade the Russell 2000 at ICE AND the CME for now. CME loses the license next year. From what I have read and heard, the CME plans to push a S&P Midcap type contract hard to replace the ER2 and keep traders there. Guess we'll see.
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Hedging ES with YM or the other way around might not be possible if YM gravitates over to Globex.
Might have to consider ER2 on ICE although they don't match up as well.
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Not to mention there are also traders at screens right off the pit itself that are arbing the big contract with the emini continuously.
Hang Seng Index Futures
in Futures
Posted
I am not aware of whether the Hang Seng and Nikkei 225 in particular work the same as other index futures but believe they do in so far as they trade above or below fair value to their indexes and then converge upon expiration.
You might be able to find more info by checking their respective exchange websites:
http://www.hkex.com.hk/index.htm
http://www.ose.or.jp/e/index.html