Recent content by capitalistpigs

agree.

my take. btw, lovely chart.

depends on the number of setups that i catch. usually 2 or 3 a day. if markets trending strong/weak, maybe 5-7. dan

My trading is hectic around 10-12. then it's like watching paint dry (sitting on your hands). i usually just set my stop and leave, checking every so often. if i don't get any good setups then i take mediocre ones and usually lose money (i should be fishing instead). some of the time i...

i'm 22 so take my advice with extreme caution. (finance major, too) eh, not sure above GS and other large institutions, since i don't want to work there. as for pitfalls there are many. some things i've been through all ready have been a massive drawdown (once, averaged down), getting...

Btw... "A chart... is a chart... is a chart." maybe that'll mean something to some people?

My setups work on most time frames from what I've noticed. So I'd say yes. 5 MA works good on gappers (3.5%+) for support/resistance. 15/30 min time frame. Not too knowledgeable on MAs on longer timeframes. If the stock is above it's 20, 50 and 200 MAs, it's usually a good sign.

check out $CostAVGMan's thread. He avg.'s down I think. Good investor imho. Personally I'll never avg. down.

I'm 22, senior in college. Trading 6+ years (equities only). None of my friends could give a rat's ass about the stock market so if anyone wants to bounce ideas back and forth, PM me and I'll give you my AIM screen name. -dan.

well, moo, some of those test are EXTREMELY HARD even with studying. Add on about probably at least 2-3 exams that same week and you're in for trouble. Of course if you goto class, study, and do everything you're told you should be fine. Personally I've cheated. Don't like to, and I...

Very true, my friend. Facebook was O.K. for socializing / staring at Chick's pictures in between classes. It's something to do when you're bored, but I'd rather be viewing charts/reading something fulfilling =) anyway, give it a whirl you're at college, just try not to make it an obsession...

I buy on dummy bars or different reliable setups. I hold till the previous bar is broken (usually 30 min charts, sometimes 15). This can last all day (which I close position e.o.d) or can last 30 minutes, where my entry bar's low is taken out. Maybe take 3-4 trades a day, but that...

cm69, i had facebook for about 2 years or so. It was okay. got rid of it recently b/c I found it a waste of time def. not into myspace, either.

Not sure what you mean...? An expensive thought I had was not placing my stop and leaving for class and coming back to a $4,000 loss (1 hour 15 minutes later). I thought I'd be okay without my stop. That was a pretty expensive thought... No worries, I made it back and learned one of my...

intraday position trader.