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Yes. Does Jack Hershey provide valuable information? Yes. Does it take effort to understand what he's saying? Yes. Does it take effort to understand what Alan Farley and Al Brooks are saying? Yes. You want to generate an average daily profit of $300-$400 with a $50K account? Then...

Jack, I've always understood what you say. I delved into your methods when a link to a thread on ET using your methods seemed to mirror the stuff I was figuring out bit by bit in my 3000 hours of screen time. There are posters on ET whose sole purpose, it seems, is to track every one of...

I noticed that several months ago when I started sim trading futures. I referred to it as "market creep". There's a very subtle move in the direction of the post-news price action just in front of the news release. I play that in my sim account all the time, but would never take that kind of...

+$1476 All that POT yesterday gave me the munchies. Some AAPLs really hit the spot :D I've never seen cleaner price action in my life!

Arthur, dahling, the key to the cars is to not lose. xxxooo

Huh? I averaged $340 a day so far this year. I averaged $330 a day last year in the first quarter, then gave back a big chunk in April 2009 as illustrated by the reference to my journal during that period. I netted 42% last year on a $60K account, my first full year trading. I only...

Something else that seems rather telling is the fact that all day I see large insider sales of stock. It used to be that insider sales would hit the news wire after hours and they were fairly infrequent. Lately, all day long insider sales coming across the wire. It seems to me that if the...

I'm on a roll with my pet stocks (AAPL. AMZN, POT and X), but also on a roll in my sim account with ES. I'm getting pretty close to crossing over... I'm trading 5 cars in sim. That is working very well for me. I was inspired by you. :cool:

This year I'm trading a $50K account. Was trading a $60K account last year, but didn't make enough to cover living expenses. Just like last year, I'm averaging $340 a day (only traded 28 days this year). I'm looking forward to NOT repeating my noob mistakes of last year. BUT, in my sim...

Just be sure to flatten end of day. Looks like FSLR has quickly fallen back out of favor after hours. :eek:

Nice trading! I personally couldn't get over this problem, the "moving stop to b/e too soon" issue. The way I resolved it is I started referencing a 1-min chart for my entries and I now get into trades so quickly that I can safely move my stop to b/e, enjoy the wonderful peace of mind that...

Day trade, swing trade, or both? I think for day traders the best low-risk/high reward time to trade is the first 2 hours, and the last hour for trend continuation or reversals. Once I stopped trading after the first 2 hours, I've been consistently profitable.

Thanks. Patience and trend-following makes it a LOT easier! Also I almost never trade after 11:30 anymore after discovering most of my losses occur then.

+ $546 Traded small today, not sure why.

Ivaca, when the trade becomes profitable (as AMZN did quickly this morning), do you move your stop to break even or leave the initial stop in place and accept whichever is hit first, stop or target? I'm almost exclusively a day trader so I'm not sure how swing trades are normally managed. The...

The problem wasn't buying AAPL at 2:48. I've seen AAPL take off out of a range. The problem was you violated your stop when it broke down.

Miss you on P/L, xxxski. You were an inspiration to me.

I've traded POT, which we all know is a gateway trade. I gaze longingly at PCP every day. Each POT trade takes me one step closer to PCP. I realize a lot of traders gravitate toward KO, but I'm saving it up for when METH IPO's.

Actually, a beginner can average $330 a day for months and then let one of those pesky little $8000 down days bollix it all up. http://www.elitetrader.com/vb/showthread.php?s=&threadid=132626&perpage=6&pagenumber=101

For stocks, I'm using intraday 3-min for setups and 1-min for entries. I also have a 3-day 5-min chart for reference, and a 120-day daily chart for major support & resistance levels. For ES & CL charts I use a 5-min intraday chart, and cross-reference a 2-week 1-hour chart and a long term...