General Trading Answers
Daytrading | Bulletin
Signals | Overnight
Technical Analysis | Novice Trading | Free Daytrading Ebook
Want to know when new tips are added? Add your name to our mailing list for our e-mail updates. This list will not be sold, traded or given away.
10) Can I choose a different sound than the default used on the demo
When you go to the Real-time Signals log in page, there is a drop-down list with the different sound choices. You may choose a different sound at that time, or later by using the text link on the Signals page entitled "Change Sound."
11) What is slippage and how is it calculated?
Example: You place an order to go long at 1004.00. The market is already moving up, and your order is actually placed at 1005.00. This means you have incurred 100 points of negative slippage, or your placement was 100 points worse than you would have liked.
If the market keeps moving up, you're okay, but will make less profit than if the order had been placed at your original price. If the market suddenly turns against you and your initial placement was 1005.00, now you may incur a loss that you would not have had you gotten your original price.
Positive slippage is the opposite situation. You are selling and have been waiting for a retracement prior to your entry. Price begins to retrace so you place a market order to sell when price is at 1003.50. You are filled at 1004.50.
If price then turns and moves in your anticipated direction, you have just received positive slippage. You had better placement on the trade than you originally expected because now as the market moves down, your original entry price was higher.
This is why it is important not to chase the market. Slippage is directly correlated with time and market conditions. If a market is already marking a strong move and you attempt entry, your slippage can be horrendous because the market condition (a strong move) and time (your delay in getting the order in) were not in your favor. A noisy market condition with a great deal of movement back and forth can also add to negative slippage.
We attempt to only enter markets when we have recognized an opportunity but before the movement is under way. This reduces slippage or can produce positive slippage. You must also do everything you can to reduce the amount of time it takes from receiving a Signal to actually getting your order placed on the floor. For this reason we are strong believers in electronic order submission.
13) What is a Turning Point?
14) Could you explain to me advantages
or reasons SP futures are used instead of SP options?
The S&P is an exciting market with a lot of trade opportunities every
day. It is also a difficult market to master, which may be why we find
it so fascinating. One market is not better than another, it is just an
individual trader's personal preference.
15) What are Halves and Handles?
16) Can you explain Fair Value?
These triggering levels may vary widely depending on the commercial's cash holding and rate-of-return on their fixed rate instruments.
We now provide the Fair Value just after the open to our Subscribers and Free Trial participants.
17) In your Daily Charting do you use 1-minute
18) Would larger stops be a mistake,considering
high volatility, smaller contract (i.e. E-mini) and moving up to the large
Doesn't the TRIN give better direction than volume?
Would appreciate knowing what parameters you use when setting up your
Bollinger Bands (w/ the goal of price-bar penetration signaling a (pending)
Also, do these parameters vary according to the time-frame you are
trading (i.e., 1-min different than 5-min, different than 30-min, different
than 60-min, different than daily, etc.)?
Time Signals | Day Trading Newsletter | Trading
Daytrading Tips | Trader's Tool Box | Day Trade Links | Contact Us
|Copyright 1997-2009 Daytraderís BulletinThere is a risk of loss in futures trading.|