Recent content by Cpt Power

I posted this in the Trader P/L thread, but it will probably be deleted so here it is: I'm confused by Peabo's ELN positions. He never seems to take a loss on ELN after riding each long position through painful drawdowns. His magical mystery basis price always seems to go lower than...

Why don't you show the lenders all your proof that you are going to make lots of money daytrading and then maybe they will loan you the cash?

pumpkinhead, This all sounds like a bad idea for you, but here is a way. You said you have good credit, so you must be getting credit card apps in the mail or balance transfer offers from your existing cards. Just take out a cash advance or use one of those checks they send you. After you do...

I sort of see your play. Overall it is in an uptrend from July, but it looks like the sell volume each day during the last week or so is more than the volume of the last two green days. I would actually look to enter a short on this one at some time. That's just my opinion. Two people can both...

I'd say there are numerous pitfalls to the strategy. First off, deciphering a 25 cent pullback in Google seems almost impossible. It would be even more difficult at the open. Assuming you could do that or traded a different stock there are still some problems. You are planning on allowing your...

I think it is time to fade the S&P for the day. Emini S&P currently 1422. Put a stop at 1424.50

Remember that there are two sides to every transaction. If there is tons of buying and the price doesn't move then that means there is tons of selling, too. Someone has to be selling all those shares to the buyers. They are just hiding their size and must be content with the selling price. You...

Also... THEIR is spelled THEIR, not THIER - unless you are referring to the German physician. possession is spelled possession, not possesion belongs is spelled belongs, not belings That stuff bothers me, too, but if you are going to be a snob, at least, use the spell check button.

There has been a whole lot of advice and criticism emerging on this thread. I was just wondering if anyone here actually has created a fully automated trading system that they have been using profitably for more than a year. This would reinforce the value or lessened value of the advice coming...

frost, Is your system one that you expect to make money almost everyday or one that nets out positive over a few weeks or so? Mine is more like the latter. It loses lots of days, but comes out profitable over time. For this reason, I will take every trade and not make any decisions overriding...

frost, I just went live with an automated system, too. I started yesterday even though it was Thanksgiving week. I thought about waiting until next week, but I looked back at my historical data and there was no major difference in performance on days before holidays. How far back is your...

Did you have to sell some of your position due to the use of daytrading buying power? Is this a day trade that you decided to turn into a swing/position trade? You were only targeting 30 points that you thought you might get while you typed the first post on this thread, yet now you are...

Once, again...aren't you supposed to be gone from Elite Trader forever?

What's your average price now?