Q&A: Wednesday reader mailbag

If you have a question drop me an email and I’ll try to answer it in my next Q&A post. In the video I answer the following three questions:

1) What settings do I use on my charts in Interactive Brokers Traders Workstation.
2) How does one trade without level 1 real-time data? Is level 2 necessary? How do I see a large bid and decide to cover a short because of that?
3) Who are my favorite traders and what are my favorite trading books?

Disclosure: No positions in any stock mentioned. This blog has a terms of use and you can find all my disclaimers and disclosures there as well; my full terms of use is incorporated by reference into this post.

0 thoughts on “Q&A: Wednesday reader mailbag”

  1. Reading Livermore’s story once more I have to wonder if the end result would have been different if he

    a) wasn’t such a lavish spender
    b)didn’t continue to swing huge lines after he already had such a large bankroll.

    probably didn’t help that he had a depressive personality either, it does seem like a lot of talented people suffer from that.

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