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    Why I love daytrading....

    <CITE>Bought and sold RIG in 12 minutes today and made $400. Even on a small scale like this...that is $100k a year.</CITE><p>When football was a game played by mature men, seasoned coaches used to tell their players upon scoring a touchdown, when you get in the end zone, act like you have been...
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    why trading your own $ for a living is so alien.....

    <CITE>(sorry to sound childish here, but....)... "You need to be "nervous enough to be focused and on the edge of your seat" "but not so nervous that you sh$% yourself". FWIW, Don __________________ Don Bright (not an alias) http://www.stocktrading.com</CITE><p> I would like to take...
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    How do you lose $5 billion in one week?

    A familiar cry heard sometime before the fall.<p>Stops! Stops! I don't need no stinkin' stops.
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    The new hybrid system and scalping equities

    Trading requires constant adjustments to the market. I have actively traded equities for over 15 years, almost entirely on the NYSE. The biggest change that I can imagine was going from fractions to decimals. Moving from less than 10 price points in a dollar to a 100 price points required a big...
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    I'm gonna say it...That older fellah on Forbes on Fox is ready for retirement

    <cite>ByLoSellHi Registered: Jul 2006 Posts: 49 09-05-06 07:58 PM I can't believe anyone can stand Faux News. Truly. And I'm conservative (on economic matters, at least).</cite><p>I am a conservative as well, and it is a myth that Fox News is conservative. I believe Fox...
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    Any psychologist on this forum?

    Psychology is important in trading, but I am not sure it is the psychology found in academic courses. I have taken quite a few psychology courses, but the kind of pychology useful in trading is the kind where you can read human nature. The human nature of yourself as well as the human nature of...
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    Instinctive daytrading

    This is a good thread for the Psychology Forum. This is an argument between those who operate best on the left side of the brain and those who operate best on the right side of the brain. The question is how much structure does a trader need to be successful. The answer of course is, it depends...
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    commissions as % of profit

    I do not concern myself much with commissions these days. I started out trading in the early nineties. Brown & Co was a so called deep discount broker charging 29.00 one way for up to 5000 shares. And at the time I thought that was cheap considering what I had been paying at Waterhouse. I was...
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    Family has negative perception about trading

    It is all about one's world view. I see the world broken down to two groups. There is the group that when the going gets tough look to kiss ass. And then there's the group that when the going gets tough look to kick ass. Successful traders are of the second group, they are fugitives from an...
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    Gambling

    I have monitored this thread for a while and I am puzzled that no one has mentioned sports gambling. I was a sports gambler in the eighties before I ever thought of trading stocks. There are some things in my sports gambling experience which are helpful in trading. 1. First and foremost...
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    Favourite Book of All time

    A Fan's Notes by Frederick Exley The Devil's Dictionary by Ambrose Bierce Anything written by James Ellroy
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    Maria Bartiromo, how did she get the special info from BSB?

    Whether ones agreed with Greenspan on policy, he must be given his due. He had a high social intelligence and an ablility to deal with egomanical prima donna types that populate politics and the media such as Ms. Fartiromo. He knew and appreciated the power of his office to move markets. This...
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    Strange question for traders at home

    I get up two hours before the open. I turn on my computer first thing. I check the headlines on Marketwatch. I listen to Classic FM out of London. It is early afternoon there. I shower and shave. I always wear a long sleeved shirt with buttoned down collar with no tie. I always wear blue jeans...
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    'Idiot-Savant' Traders?

    So what, I have some issues. I got no boss and got no co-workers. I remain a profitable trader. I got a 31 which is borderline. Hey, I have been on the border looking at both both sides wondering what a "real life" was like my entire existence. Someone said ignorance is bliss and so is this...
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    Anyone trading in the box?

    Ameritrade
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    Anyone trading in the box?

    I have been an active trader since the early nineties when data feeds were very expensive and 20 dollar commissions were considered discount. I was under the impression that you could not hold a long and a short position of the same stock in the same account. In the early days of online trading...
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    IZONE trades for $3

    I appreciate that info. I was thinking about opening an account with Izone.
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    Stimulating Creative Thinking

    What stimulates the right brain? I think restricting extraneous stimuli to a minimum. Confronting open, unpopulated geographical space stimulates the right brain. Personally, I have a love-hate relationship with technology. Technology can fuel intellectual curiousity, but it can also be very...
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    The treacherous path to $200k a year

    If you like to short, then today should have been a big money day. Coolweb I think you need to look at stock selection. In any given week, I only trade maybe four different stocks. In a six month period I only watch and research 20 different stocks.Most of the stocks I trade are name brands...
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    TD Ameritrade: not ure typical mom & pop boiler-room, or is it?

    I think the bottom line is that since Amertrade took over Datek there has been no real improvement. I think this merger signals that Ameritrade's agenda is to get bigger not necessarily better. For the person who is the active trader, there are a lot more choices than when Datek came on the...
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