Recent content by jmcnabb26

Trading for ticks is a form of addiction. I went through that stage myself years ago. All methods are used as an excuse to justify the addition. A false feeling of doing something worthwhile while you are actually playing with noise. It's an addiction if you don't have a methodical way of...

Harry Dent has written a few books with predictions about the stock market, housing market, and global economy. Has anyone tracked his accuracy? Is this guy worth following? Thanks, JM

I agree... I think prices will fall back to 96 levels.

I pay myself a base + a % of my profits. This is on top of a minimum monthly increase in trading volume.

I trade a discretionary strategy that I've been working on for the past 8 years... The first 5 years I was unprofitable. It wasn't until 2007 that I starting making money consistently. I think I could automate a few setups that I have developed with some pretty specific trade criteria...

why are you messing with equities? Do you want to day trade for income or grow a portfolio? Look into forex or eminis if you want to trade for income... if you have limited capital, you're better off swing trading

Don't even think about day trading or investing until you develop a solid trading plan. Don't get sucked into the allure of making a ton of money... especially if you just inherited capital. Best of luck

Manage and enter your trades with specific criteria... this is the only way to effectively manage risk. "Confident exits"... get out when you want your money. No use in wasting time trying to get an extra tick or two

Are you calling an indicator magic? No such thing...

Good luck my friend... sometimes the best thing someone can do is walk away. I blew out 3 accounts before I started to make money.