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There is no financial dictionary definition for scalping, what makes your definition better than the traders who define it differently? I frequent a chat room (over 200 regulars) that define scalping as anything under a 1/2 point. My methodology is to look for very specific patterns that can...

I consider anything under a point as scalping also, that's why it's important to give the details whenever talking about your method. I, also, am more than a little confused by scalping for a penney or 2 at a time. Why? Well, if you've got the skill to do that, you've got the skill to go for...

First no SMH, now no Q's to short at IB. What's up?

No. The unit in question automatically balances load between multiple WAN connections. If one goes out, you would never even notice it. I was going to do just this, but I'm concerned about having another piece of hardware in series that could, itself fail. When you think about it, many of us...

Using someone elses signals is not learning how to trade, it is gambling. There are only two ways to learn how to trade. One is to figure it out on your own. This is doable, but low odds and probably won't happen. The other way is to find a model. Someone you can watch, see how they do it, see...

Oops, Forgot to complete my thought. You also need a margin account for the reasons that IB explained. It has to do with the way clearing is done. This may not sound logical. But it doesn't matter. The markets aren't logical either. You need to get used to this fast and keep emotion out of...

You cannot day trade with a cash account. There is a PDT (pattern day trader) rule that basically says if you trade 3 times within 5 days (I think I got that right) you're a daytrader. If this is the case, you must fund and maintain an account of at least $25,000. Realistically, you'll need...

wan2B, Remembering it is the easy part, following it is quite another. For a long time I've heard that trading is like 85% pyschology, but never quite understood what that meant. Having the discipline and emotional fortitude to do what your plan tells you to, even when your fears tell you...

What are you using for realtime and historical charting. And what kind of market internals seem to be working. Thanks in advance.

I use IB daily for day and swing trading. I've yet to have a problem, I've had no problem with support (contrary to what I've read, they pick the phone up within a minute and follow through is good) and the software works fine. Perhaps I'm just very lucky (but I doubt it, based on the rest of...

Look at the chart, don't trade if there are lots of gaps, inside days, and outside days.

I'm amazed that no one has mentioned this yet. I sincerely hope you guys are using one though. I'm referring to a trading plan. This is a business. You should treat it like a business. My trading plan is over 30 pages long, and dictates exactly what I can do and when I can do it. When I go back...

Andy, Every single thing any human being does, is done with a positive intent. The worst/best example I can give is suicide. The person takes his/her life because they BELIEVE it will be better to die, than to live in the status quo. There is no exception to this rule, everything, has some...

I kept bugging IB about futures permissions, went on for weeks, even after I did all the tests etc. Then, just for the hell of it, I opened TWS, created a ticker line for ES, and voila, it appeared. Tried to make and order line, and that worked too. I suspect some of you may be able to trade...

AAA, somehow anything truly worth discussing tends to be at least a little controversial. That tends to get some people (like me) a bit over entusiastic at times. I so strongly feel these ideas (NLP, hypnosis, etc.) are leading edge technologies to real human progress, and often see...

Andy, No it's not a typo. What we have been discussing here is not new age crap. Richard Bandler is a genius, it is a shame that some people are preoccupied with figuring out why something or somebody is wrong, a crook, a criminal, non-scienfific, etc. It effects em not, because I'm not hampered...

I'm on sort of a roll hear, and I havn't (still) been able to figure out what the hell is going on in this market, still waiting for a precipatous selloff, I'll address how to change a belief. 1) Decide- if you experience enough pain because you own a certain belief, you'll eventually just...

To change your state you can change what you're focusing on, or change your physiology. The latter is much faster and much easier, IF YOU DO IT. Try this experiment: Think of a time you were depressed. (Oh, you don't want to, I thought you said this stuff didn't work? You know who this is...

Andy (and all the rest of us who know we have these same challenges): How do you know when to have those helpless thoughts? Let that question really sink in and think about what it means. This is an example of what I mean about no absolute good or bad. NLP assumes all behaviour has a...

underdog, I briefly skimmed over the link about NLP. As near I can tell, their beef is it's not "scientifically" supported. Who cares? Richard Bandler, himself, has stated on numerous occaisions that NLP is NOT science, it is a methodology. He is not interested in whether an idea can be...