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Thanks, I'll look into that. I never used fibonacci on a chart before.

madbadger first introduced me to the concept of a max loss per day last spring. I implemented a $500 max loss per day rule back then and my biggest daily loss since that time was $505. It wasn't easy to quit trading when that level was hit, because all you can think about is that perfect...

In your example, I watch for price action first at the 10-bar MA. If buyers come in, I'd join them with my stop below that entry bar. If stopped out and price moves to the 20-bar MA and buyers come in, I'd join them again, with my stop below that entry bar. If stopped out again, that means the...

Bos, it's true! I must confess I just found myself gazing at charts of PCP, and checking upcoming IPOs to see when METH would finally go public...

OW, your commentary is armchair quarterback as well. There are many ways to trade and trading the news is a very common profitable strategy. You can't predict an SWM move like that. It's extremely rare. Lescor lost a chunk on SWM too today; the setup it fit his trading strategy very well...

Wait minute, there was no "nuclear bomb". This stock started the day as a solid "dead cat bounce" trade. It had a serious gap down on slightly lowered guidance, and established decent support and held up well at first. It wasnt' really "bad stuff" on the earnings and certainly not nuclear. Yes...

Thanks OC! All these hours of screen time are presenting some very nice patterns that I see again and again. One pattern is that when a trend is established the trend followers (or trend following programs) defend it in a big way. There really was no reason for me to exit the AAPL breakout...

On the early POT trades, my positions were 100 shares. On the AAPL breakout, my position was 400 shares because it had established very strong support and kept sniffing that breakout zone, so I wanted to capture at least $40 in case it was a failed breakout. On my POT counter-trend trade, my...

You know, that's an unfair assessment of this trade. When earnings are already on the table the night before and they're really good, but the lowered guidance causes the stock to open gapped down 8%, almost $6 a share, and you go long because support is established and a higher low is...

TF, I am sorry about that loss, and I've been there more than once. I just looked at the SWM chart and early on it looked like a nice long for the bounce. I'm curious, did you not use a hard stop or was it slippage that killed you on that crash? I always wonder what slippage would be like if...

+ $935 AAPL was nothing but wicks on the 1- and 3-min chart off the open. AMZN and POT were quite range-bound. I chose not to trade the open. It started out as “take what you can” sort of range day, and I decided to trade POT to the long side since it actually appeared to have some...

I don't mind. You know what I'm waiting for, Hog :D :D :D

I can relate, because when I was in Belize and tried to trade one day, I was using Etrade's web access platform instead of the direct access platform. I thought I was missing every order because of intermittent internet issues, but later found out there's a delay on the web platform. Frustrating...

+$935 (bb3, had my face smashed into the sidewalk many times by moving stops or not using them. I now trade with the tightest stops imaginable. If I'm wrong about direction, I want the market to let me know right away. One nice move can cover the cost of several small stop-outs.)

Penny pilot is incredible. I started practicing in my sim account with large positions on POT and X options intraday and it really allows for quick large gains with minimal risk.

Because as long as there are enough people who want to sit at a particular poker table and play, there's a game on.

Dalentar, that is a spot on post. If it wasn't for bighog, I might still have no understanding of the psychology behind a trend and behind breakouts (and how "too high" and "too low" are meaningless phrases in a trend), and the power of joining a trend or a breakout. If it wasn't for...

Thanks RN. Thanks especially for opening my eyes to a different way of seeing the trading environment.

I started out in Feb 2008 knowing nothing whatsoever, had a string of beginner's luck, then gave back a lot of it as a result of trading large size, using no stops, and having no clue about anything. I immediately immersed myself in anything I could related to trading. I watched every...

I often see latent prints in after hours, which can seriously skew the numbers. A stock might close @ 55.65 and then suddenly 35600 shares prints after hours @ 54.20, which was actually a trade that occurred earlier in the day.