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My biggest losses almost always occur after a great win streak. I've read this in numerous other places, including the market wizards books. I know for me it's because I become overconfident and put on too large a position size. A tenet of good trading is to increase your position size...

This is a little off topic, but Chris replied in this thread and I wanted to say that I really enjoy your contribution to realmoney.com and hope you'll weigh in on some of the threads here more often. The more I talk to people about the S7 exam, the more I realize what a big undertaking the...

Way to go. You're joining Echo aren't you? I'm hoping to write mine in about 6 weeks and am going there as well. Two questions- what kind of background did you have before you started studying, and how much study time did you put in? Thx Corey

Full set from Dearborn, including cd. Retails for $330, got it for 96 bucks.

first time visiting the chatroom today. I liked it, nice to have someone to interact with and see how others operate. lescor_1

I don't know if anyone follows the swing trade method of Gary B. Smith, but there's an active yahoo group discussing it. There's one semi-regular contributor who call himself the king of "selection perfection", meaning he'll sit on the sidelines and only take the picture-perfect setups. I bet...

Funny you mentioned Mr. Spock. I'm looking for a big poster of him to hang in my office for inspiration. He'd be the ultimate trader. Since you're only taking one position at a time, why not just enter a stop and a limit sell and take the day off? That way you remove the temptation to do...

I've had it happen to me and I've requested it. I once had a limit sell on a multi-day long position and got hit, eventhough the price was getting close to my stop. IB called me and said that Nasdaq had asked that the trade be busted because it created a high for the day. I said no, I'm...

I don't remember who it was in Market Wizards that said that at some level, "everyone gets what they want out of the market", but I certainly agree with him. There's got to be a subconscious reason why you're repeatedly breaking your rules. At some level, you're satisfying a need. Some...

Hopefully he won't be gone too long. They need to find new offices for the hedge fund since the 11th. He's president of Cramer Berkowitz now. He's mentioned how commited he is to writting, so I don't think he's abandonning it.

I've been a subscriber for a few years and they keep getting better. Maybe because they developed a revenue base other than advertising. Todd Harrison is a superb trader with very good insight. Herb Greenburg is aften early on his picks, but I can't recall a loser out of all of them. And...

Neo, To find old articles by Gary B. Smith do an advanced search by author at thestreet.com. He started writing for them in Sept '97. This article is a good start, outlining the basics of his system, though some of it has changed a little since it was written...

I would highly recommend reading the stuff Gary Smith has written for thestreet.com. He's got a succesfull strategy that he's spelled out completely in many articles. Search the site's archives, he had an article called "GBS primer" or something like that in May '98 that covered many basics...

Trading is a business, and any business requires capital to operate, none more so than this one. Debt is a normal part of the business world. I think that if you are serious about trading and have a solid expectation of making a profit, it's a smart move, especially because of the low interest...

That's assuming you have the discipline to stick to your rules once you enter the trade. This is why many successful traders don't mind sharing their systems- they know that most peole can't follow the rules. This also points to another thing successful traders have in common- a system that...

IB is the obvious choice, especially if you usually trade in lots of less than 1000 shares. Keep in mind though that their list of stock available to borrow can be a problem. It's debatable whether what I've saved in commissions I haven't lost in winning short trades I couldn't enter...

is it possible to let's say (just an example) buy 5000 shares @ 17.56, and sell them a few secs later @ 17.57? Yes, it's possible. But what if a few seconds later it's at 17.46? Now you're down $500. What do you do? Do you hold on and wait for it to come back so you can break even...

Magna, At the time those debates were going on I was actually surprised at the amount of ignorance on the subject here. I should have said "informed traders" accept this logic. Supply and demand is..... supply and demand. It's as simple as that to me and I've never understood the...

I've done this before and formed it like an invesment club. Here in Canada that's done by forming a partnership where you list all the members and their % stake. The partnership files it's own tax return and capital gains/losses are passed on to the members who claim them on their individual...

Short selling is a normal and important part of trading and investing. As traders, we don't even question that logic. I can't believe how ignorant people can be about a subject and still have such strong opinions about it. Don't they know they're making fools of themselves? They can't even...