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i guess you could look at it like what trading allows you to do. gives you more free time to spend with your family, volunteer, etc. the monetary rewards may allow to give more to charities, provide for family, friends. just some ramblings in addition to providing liquidity.

drop. double top at 38.85 in addition to the decreasing volume. initial target 35.25. that's how i'd trade it.

here is the link: http://www.cybertrader.com/cybertrader/contact_sim.asp

have you tried cybertrader's simulator? i think fills can be quite a bit more forgiving than real-time but it's free.

allenz hit the nail on the head. an edge has to be developed by each trader individually. traders have differently styles, different personalities, hence different edges. if your currently sim-trading the e-minis just keep doing it. to develop your edge, you have to do a thorough trade...

my main and most important tool is tape reading. everything else is secondary.

not sure what your deal is tampa ...

tampa, is that directed at me? i'm not selling anything. i just tried to explain how i use fibos when i trade.

lets assume that the market has made a move up and starts to retrace. i'll run a fibo from where the move began to the top of the move and make a mental note where the .382 and .5 retracement areas are. i then watch the market action ("reading the tape"). if the market is going to continue...

that was a blast. got a 23,500.

David, do you think that decimalization has reduced the rule’s effectiveness in slowing down a market selling off? Is it easier to get short now than before decimalization?

i find it fascinating that a trader supports the uptick rule. i would think as a trader you wouldn't want any sort of rules to get in your way of putting on a position. the futures markets (which is what i trade) seem to do just fine without the uptick rule.

i used fibos as key areas to watch the market action. the market action will tell you if you should enter or not. retracements can go .236, .328, .5, .618 and head up/down or not bounce at all, or bounce and then head lower/higher. just picking entering at .382 or .5 or whatever is a losers...

about 5 minutes. i have been in a couple trades lasting a whopping 30 minutes.

i'd recommend the 19" trinitron. flat screen and very clear, crisp picture.

microsoft doesn't report proforma. they report do report gaap to the street. the street then figures out what they proforma numbers are. just an example of one company that really does report their true earnings to the street. but i agree in general to the rest of the article.

just attach your monthly statements from your broker. on the sch d say "see attached statements" and fill in the cumulative totals for proceeds and costs for the year. just make sure that the amounts match the 1099 you also get from your broker. there is no need to fill in each trade...

fair enough. just curious why the second retracement appealed to you. good trade.

nice trading. i really enjoy your thread. my only question/comment is why not short the first retracement at 44.00?