Recent content by Tradewright

Trailing stops are not held in the market, and you can structure them to act as an initial stop loss, with added benefit of moving up (down) with the market.

I've got two cats, but they have retired from active trading.

Anyone interested in being part of an email and occassional conference call group, to discuss trading ideas, trading triumphs, trading failures (no one has any of these of course), things we are working on, the state of the economy, or just to have contact with other traders during the day...

Here is link to article that cites source for much quoted "90%" rule. They cite a study based on 68 accounts at one branch of All-Tech in 1999. http://money.cnn.com/1999/08/09/markets/daytrade/

Here's the original reference: Neil Hare, Federal News - Day Trading: NASAA Day Trading Task Force Finds Only 11.5 Percent of Day Traders Profitable, 31(32) Sec. Reg. & L. Rep. (BNA) 1065 (Aug. 13, 1999). Okay, study is six years old, and probably contains a good sucker quotient...