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Jean-Pierre Poulin

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Jean-Pierre Poulin last won the day on September 29 2019

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  1. Hi Marek, thanks for the prompt and useful response. I just checked SPX and SPY and the difference between the constantly traded SPY and normal-trading-hours SPX appears to explain the difference. Obviously if #ES and SPY are nearly identical then financial analysts could have talked about the overnight divergence between SPY and SPX instead of the futures... Q: What is your take on days when pre-market futures are way up or down? Has your observation been that the investors behind the futures are usually right and the market will go in the direction they predict? Do you pay any attention to futures as you begin your trading day? Thanks for the awesomeness!
  2. Hello fabulous BBT community! With the wild stock market ups and downs we're seeing these days, we'll frequently hear before the market opens on financial websites things like that "S&P Futures are up 400 points!" giving possible clues on how that markets will rally or fall during that day... Attempting to read this data myself I come up frustrated. For example if I overlay SPY with ES 09-20 or ES1! they are nearly identical to each other once properly re-scaled. I just don't see much divergence between the instruments and certainly not 400 points! What I my missing? What information source do market analyst review when they say things like "S&P/NYSE/NASDAQ Futures are up/down x points!" Thanks for the awesomeness and keep your person and your wallet safe! Jean-Pierre
  3. I'll try to go for sure! I'm based in Coral Springs FL (close to Boca Raton) My email is [email protected]
  4. Thanks Marcel, Having short shares is quite important. I'm happy that you think the fills are good... most important! How did you decide between IB fixed versus IB tiered? (I'm thinking of IB tiered so I can have one large buy and 3-4 sells per trade (so I can scale out of my position at different pullbacks)
  5. Thanks Johan, much appreciated. It looks like its a tossup right now between IB and SpeedTrader. I'll have to do a bunch of reading to try to intelligently pick between the two!
  6. Hi Johan, thanks for the useful tips. I look forward to being at the level you're at now Have you considered Speed Trader? Could it reduce your overall bill? (See Abiel's response to my post here)
  7. Have you considered Speed Trader? (See Abiel's recommendation on my post at It would be so nice if we could find a way to reduce this further! Hopefully broker competition will continue
  8. I was just wondering about that Robert thank you. When does fixed start to make sense for us guys?
  9. Hi guys, I'm still in the process of setting up the right broker for me and these fees seem quite high! (Especially paying 5% of $50K = $2,500 per month = $125 per trading day.) More info on your usage please: Johan: How many full-cycle trades per day? What average share size? Did you find exorbitant fees ontop of regular (low) IB commissions? Marcel: you pay around $10 per full-cycle trade? Which broker? What do you think is best for my needs? (Described here)
  10. We meet again Mr. Bond! Thanks for that heads up on these other traders... Have you observed personally any difference in the quality of the fills between the ones you tried? (I'm still considering using my RobinHood account for some of the slower long opportunities... do you think its a waste of time and I should not trade anything with Robinhood?
  11. Hello double-o-seven! Yes I'm seriously getting lots of signals that I have to carefully ease into this and I heavily will make use of simulators as I 1) attempt to understand what how/why the moderators are trading and 2) I test various theories and programmatic helping tools that I can trust to help point the various buy / sell indicators. Have you accumulated much experience with simulators? Can you attest on how accurate they are? (I would usually trade 1000-2000 shares on the usual high-volume gapping 'stocks in play' the moderators are investigating.
  12. Thanks for taking the time Abiel, I see with SpeedTrader that it all depends on the expected number of trades per month... To get $2.95 rate I'd need to make about 25 trades per trading day but their $3.95 reduces that to 10 trades per day which could be more feasible. Lots to think about!
  13. Hello (awesome) Bear Bull Traders! As one of your newest lifetime members, I'm in the process of shifting my $50K trading account into the best possible broker for me and would love to obtain advice on what home base should be for my trading account! Reading in this forum posts such as this post, I was saddened to hear that the Interactive Brokers usually very reasonable commission can easily double due to various 'fees' that IB needs to pay its partners to route your order. (I currently have an IB account but not I'm not so sure if it's optimal for me) I understand that IB has fixed and tiered pricing structure, somewhat making the decision more complex... Could you recommend the best between the three given my trading pattern: - I intend to invest mostly in stocks between $5 to $75 with the 'sweet spot' around $35. - I'll be staying away from low float < $10 stocks until I'm consistently profitable with mid-float stocks. - I expect most transactions will be around $20K-$40K so around 1,000 to 3,000 shares per transaction. - To start I'll probably do about 5-10 transaction a day every day but I also want to try my hand at semi-automated scraping so that might go up to 20-40 trades per day. Which of the three do you think is best for me? (SpeedTrader, CenterPoint securities, IB fixed, IB tiered) Thanks for the awesomeness! Jean-Pierre
  14. Bonjour chers amis de Bear Bull Traders! As your newest lifelong member, thank you for the warm welcome, for the truthful and vibrant community, and for these two awesome books on Day Trading that saved me much heartache! I devoured the first one (with hundreds of highlights and notes) and will finish its sequel this weekend before I engage with your trading group this Monday. I look forward to joining you in the chat room when it opens on Monday morning. (I'll leave a detailed review for both books on Amazon shortly) A bit about myself: I'm a Quebecois working as an engineer in San Francisco. From working twelve hour days for a year, I have accumulated a nest egg of about $50K in my trading account, so now my top priority for foreseeable future is learning if I can live off the market using these savings before the inevitable cost of living dwindles my trading account to ineffectual levels. My employment in San Francisco is ending in a couple weeks and am relocating to sunny Florida. I will soon live in Coral Springs Florida (close to Boca Raton) and would *love* to connect with local Floridian Bear Bull Traders and do fun activities under the Florida sun! I then intend to take a full six months off for an in-depth study of day trading with the hopes of making it my main source of income for the next cycle of life. In dollar signs, my target is to earn a modest $150 per trading day with a $50K trading account. (Averaging a consistent 0.3% per day within six months.) If I can do that my entire life changes and I now afford to invent for a living! (I'm a uber-geek and professional inventor) I pride myself on following a careful and scientific approach to learning complex topics and thus far day trading appears extremely challenging, confusing and opaque. I intend this to be my next career and I intend to invest the same passion and precision that I invest in my engineering career. So far in the two months of study on how to approach day trading, on many occasions I have been appalled to witness how 'manipulated' the market appears to be. Just a couple weeks back as an example, when Trump decided to suddenly reverse course on Mexican tariffs, I invested many hours to understand why all the stocks that stood the most to gain had an huge unexplained gaps minutes after the Friday market close *before* Trump tweeted his decision. Having witnessed on several stocks price action that made no sense minutes after the Friday close, I accelerated my study of Dark pools and the unfair influence of the sophisticated automated systems Wall Street professionals use. Reading in your books your regular warnings to 'stay away from common stocks' and your mistrust of market manipulations, I decided to join your group in the hopes of learning from traders more experienced than I am on how to select the best 'stock in play' that have the best odds of avoiding shady market manipulators. There are four key things I hope to learn from Bear Bull Trading: 1. How to best avoid market manipulations. 2. How to master the stock scanning tools and find my own 'stocks in play' 3. How to develop semi-automated trading helpers that can reduce the tedium. 4. Form friendships with a community of great traders and participate in the growth of the group. For the immediate future however my goals for the next month are 1) absorb as much as I can from your morning trading sessions, 2) duplicate your trades in a simulated account (while trying to understand them), 3) gain mastery of effective scanner tools to attempt to find great stocks in play and 4) gradually phase into my real-money account as simulated results warrant. However my real fascination with this (as a lifelong coder) is what can I do to create automated scripts that can 1) ease the tedium and 2) hopefully help me trade on stocks in play of secondary importance (while my attention is focused on stocks of primary interest) For the last two months I have been studying the (very impressive) NinjaTrader 8 platform and I'm eager to apply my coding skills to the platform so that (hopefully) I can teach the platform to properly scrape manually-seletcted stocks in play and (if things go well) even automate some trades on stocks of secondary interest while I manually trade stocks of primary interest myself. One a key issue I'd like to get some feedback from the community so I approach my very first trades properly. In my reading so far I have grown increasingly wary of short positions and intend to engage the first leg of my trading journey limiting myself to only long positions. As a result, I was thinking of using my RobinHood account to avoid commission fees and possibly open the door to free programmatic scalping that would otherwise result in prohibitive commission fees. This strategy would enable me to create over time a programmatic tool on top of the NinjaTrader 8 platform to do some scalping on stocks of secondary importance by taking long positions only without facing prohibitive commission fees. Some questions remain however: 1. Do you think RobinHood is too slow to fill day trading orders? 2. How do you feel about shorting stocks? (What is your short / long ratio?) 3. Do you use any automated or semi-automated trading helpers to ease the tedium? 4. Are there any NinjaTrader users / developers in here? Thank you so much for the warm welcome. I sincerely hope to invest in this community and give back to the best of my ability. Jean-Pierre P.S. I'm open to making Day Trading friends and love to connect with people sharing my DT passion. To save some typing feel free to call me anytime at 415-666-6997 (or contact me via email at JeanPierrePoulin -at- gmail.com) Update: I've since abandoned RobinHood as several people mention it is too slow & unsuitable for scalping and day trading. I'm currently attempting to find the best broker for me and the higher fees will probably really damped my attempts at semi-automated scraping... but will try it in simulation nonetheless.
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