Recent content by asinine

This is not the time to buy stocks. The very fact that the market closed below the November low, is enough of a sell signal in such a painfully bleak down market that the trend, as it usually is, is your friend. This is not a bad thing. The market rallied on the expectation of Obama’s...

I think there is merit to a rally here. About this level is a 3X% retracment if you look at the last big wave ('03 - '07). The January low on a closing basis is what, 1310 on the S&P, we traded down to 1320 intra-day today then rallied on volume to close flat. Closing flat adds a high...

The US is going into recession period. It doesn't really matter if the Fed holds rates or cuts by 200 basis points, the business cycle dictates that this expansion train needs to catch it's breath, and it's been going so hard for so long, catching it's breath will be more than at trend growth...

Not here yet... Wait until a GM strike pushes some GM workers past 60 day foreclosures. Or, on a re-negotiation of the contract can't afford the mortgage anymore after the reset! If the beloved auto worker can't afford their house, then the auto parts worker won't be able to either...

This seems to be a step back of about 8 years. Makes me feel stupid to be reminded who PFE was. Why lose the volume, that's at least kind of fun. It seems like a leapfrog learning book. Totally appealing to the masses, and not the professionals!

Well also on the topic of scalping it's hard to get that kind of share volume into a stock if you are only going to pull a cent. Right now a good average trade size is 1000 - 3000 which can work out to like $25 - $55 in less than a minute. All i do is scalping, and differnt types dictate...

I don't get shaken out a lot, and 0.02 i consider a big loser. I'm really only picking pennies 7/10 times so it only makes sense that with a planned trade with only a 0.01 - 0.02 return the stop loss should be equally small (ideally smaller). In the topic of shaken out, the loss isn't a hard...

What would be entailed in a written plan for handling losses. I don't write it down, but my plan is not not loose more than 0.02 on any trade, and i'm pretty good with sticking to it. One thing i do wrestle with is that i should cut back my shares per trade when i'm down, but find i can't...

That's built into the prop software i'm using, so yes, and in fact if anything of late i've found it too loose and have stopped myself before truly getting stopped.

I'm not sure i know exactly what you mean, but when i look for trades that i can get a lot of shares into, i first look to see where my failure exit is if it were to go wrong - that exit is usually the cent below (i.e. get in in front of a wall). As for time in trades, it's not a serious...

Well unfortunatly i don't have the luxury of an analysis pack in my software, so i'm left with casual observation when i review my trades. My tactic - in case anyone cares, or cares to critique is pretty basic: First i go through and highlight on my trade list any trades in which i blew my...

I was saying that i can't focus on the reason for the trade in retrospect because it is based on the flow of the market and the walls on the level 2. I'm sorry for asking this, but what do you mean by "lineout", it's an unframiliar term to me.

I trade between 100 and 200 times a day usually between 10 or so stocks on nasdaq and nyse, and i go through my trade list every day when i get home. Things i look for are quick profitable trades (i.e. $0.01 in less than 1min, ADFN crosses in less than 1/2 minute). I'll look at any gross...

I would definitly say that arca stays cross (at least on NYSE) for so long is totally because of the fees involved. Getting a fill on ARCA on NYSE is free, but i think you pay something like 0.8/1000 to retail it. For some peoples style of trading (i.e. mine and my firms) that's very...