Recent content by Smikkey Trader

The dynamics are completely different, as there arent specialists, stops, etc., but functionally the same result occurs. In my opinion, heres whats happeneing, on many failed breakouts. Theres a large following of people who like to play breakouts, especially because they are easy to...

Its true that the market has no momentum right now, and you can see it nearly everyday when you notice that the nasdaq range is 20 points or so. Use that lack of momentum as a tool. Ive been trading the opening 30-60 minutes like I always do. Then, after the first 60 minutes or so, I pick...

Any Nasdaq Traders out there use this for your short term scalps, or other strategy?? If so, how do you use them?? What are your thoughts of the indicators? Thanks

Lets see, you want someone to give you an easy way to make two trades per day, and you only want to net 3%?? Ill try for something a little easier. Could a couple of readers please wire $2 Million dollars into my trading account by noon tomorrow?? However, to be fair, Id like to limit this...

I never said I was trading $30,000. I said that a new trader with $30,000 could learn on his own, using the new margin rules. Let's say my stake was $200k. Thats $800k in daytrading buying power (which is more now than I use). I never hold more than 10% overnight, and thats extreme cases...

Do all/most prop firms only trade in listed/NYSE securities?

As you can tell, Im very new to this site. I appreciate your input Hitman. The new trader with $30,000 who trades 2400 shares of anything is an idiot. Then again, from my limited knowledge, most prop firms limit the size thier new traders can trade to 100-300 shares. This is an excellent...

Im not exactly sure why the any trader would want to be a prop trader. Ive traded for a living for 4 years. I keep 100% of my profits, and have negotiated a commision schedule which I think I think is fair, and fits into my business plan. With the recent change in daytrading buying power to...

Does anyone know of a website which includes a search for current dividend yields? Theres a million places I can put in a symbol and get the current yield, but Id like to get a list and look at stocks, and be able to sort them with the highest yield first. Thanks

Pej, I traded at "The Street", We got on the roof of your condo and looked at the harbour while your cousin took pictures, then we went and ate Fish Tacos at that Beach Bar, after talking about the market and trading. Barry

It takes me about 5 seconds, maybe less to cruise through a post on a thread, and determine whether I want to give someones self promotion a second glance. On a thread asking about live chat rooms, on a website dedicated to daytrading, Id be shocked if there wasnt any self promotion. If I...

Hello, this is Barry, hows it going?? Met you in Newport this summer. Im very new to this site as well. Send me an email, and lets chat. Grats on the book. eqsmikkey@yahoo.com