Recent content by mattpime

As a former metals trader...I've seen how crazy the gold discussion can get. However, I'm only moderately bullish on the market, as opposed to most people within the industry. I say this even as I am a large holder of gold, not as much for investment as it is for pure security. Let's face it...

Manipulation! and ..... Chicks!!!

I only trade two stocks. RIG and NEM, both counter cyclicals. However, the most popular daytrading stocks in my opinoin among professionals are : TWX GE for their tight ranges, and SIRI LU NT for their high volume. That's my two cents! MP

+1205 today I was pleased, and quite shocked to see my long positions acquired at about 2:45 EST pay off only an hour later. Rallies in the Gap Stores and JC Penny were strong. I was afraid I was going to have my first flat day in a week til the shorts started to cover. The guys in my...

As a former metals trader, I've got to tell you guys one thing. Gold is a cursed market. That doesn't mean it isn't good for safety and long term currency hedging. However, since the mid 1990's the market has been capped by a combination of the central banks and the big hedging operations...

call the bright brothers. they play a fair game. i've been happy with their forthrightness.

scalping , in my opinion , is the only way to keep a new trader afloat. take the small gains. they will not hurt you. remember, a dollar is a dollar.....take it while you got. once that loss hits your account, its twice as hard to make it back.

it all depends on your capital. if you've got the dough, give it a shot....if not....don't touch it. trade in your free time

My recommendation is that you keep a day job in your quest to learn. The cash flow is very important to a new trader. Without it...you're done. Also, a lot of amateur traders were profitable the last few months because of the broad market rally. For instance, look at yesterday....and tough...

I studied for about three weeks, including Pam Smith's course in Los Angeles. Luckilly, I passed. The test was much more obscure than the basics taught at the course. Lots of oddities....15 questions on CMO's, 18 on Limited Partnerships, etc... Study hard, but don't kill yourself. Be prepared...