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Though I haven't been trading all that long, I've discovered that when you try picking a top and fail a few times, then price goes so high you actually become afraid to short, that is the perfect short signal.

I got back a few minutes before the close and hoped to maybe get some scalps in on AAPL, but the action was like a bucking bronco and I thought better of it :eek: I'm still very frustrated with the huge gap between my knowledge and my execution. I can see why so many hours of screen are...

I find the 20-period EMA to be a very useful road map in any short term time frame from intraday scalping to swing trades of several weeks. Once you get into months and years, then I believe these investors use the 50-, 100- and 200-MAs. I use the EMA, but I don't it's hugely different from...

+ $283 Day + $743 Week + $2775 Month I overtraded early morning and paid the price. I thought I’d try some quick AAPL scalping using a 1-min chart. Instead of trying it in sim or live with 50-share lots, I traded live with 200-share lots and the strategy didn’t work well, causing me...

+ $283 Day + $743 Week + $2775 Month I did something dumb in the morning and paid the price, losing $134 needlessly. Then I simply didn't let winners run. Piss-poor trading today. Have a good weekend all!

According to their reply to me, the fee for modifying or canceling an options order is anywhere from .10 to 2.10.

Speed.

Just last week I asked IB about change/cancellation fees on option orders and received the following information in writing from them: If you move or cancel a stop order, there is a fee. If you have a limit order in place for an option position and cancel it before it fills, there is a...

Thank you as always for your post and advice. I sent you an email earlier.

Thank you for your kind words, but I don't feel qualified to give too much advice yet, since I'm learning something new every day. My basic advice is to look at how price behaves in relation to a 20-period moving average in your time frame. If that moving average is rising, look to buy when...

I'd replaced my ES DOM with SPY the other day, deciding I was not trading it well, hesitating too often, cutting all my winners. Today it went right back up again because I realized that every S/R level 3 months back was ingrained in my brain from all the study and sim trading I'd done and I...

Today I saw several large insider sales stream across my newswire for CLU, insiders selling over 14 million shares @ 13.00. So I looked them up and saw that they just IPO'd last Friday. Price never hit 13.00 on the open market, so I'm curious how this was done and if it's common practice...

- $40 Frustrating morning. AAPL was on my watch to the short side because it showed weakness in pre-market and the economic news wasn’t so hot either. I was about to short @ 204.98 with a stop just above 205.50 when IB froze and (I am not making this up) my PowerEtrade charts froze AND the...

- $40 Rain here always brings internet issues, which killed my day :(

When I think about the trades where I averaged down or held a loser way too long, it was always because I had a strong opinion. Over time I discovered the market will allow you to hold your strong opinion until you exit the trade cursing and screaming at the ridiculous price (the price you...

I also use the 20 EMA as the first profit target for counter-trend trades. Sometimes it breaks right thru, meaning the trend has likely reversed. For getting in on a trend, I use the 20 EMA as the area to enter the trend. Short when price rallies to the falling MA and long when price falls to...

Ha! iPad, Maxi pocket, MaxiPad, wait a minute, this is getting kinda girlie...

Thanks. I like your AAPL profits!

I did this on POT in sim a while back. It was trading with a .10-.20 cent spread and very volatile one day and I wanted to give it a wide stop as a result, so I tested out 50-share lots to see if I could actually generate anything resembling a profit. It worked out quite well, and the act of...

Goldman Sachs playbook a couple weeks back said S&P to 1300 by mid-year. They must know, they're Goldman Sachs, right? I mean they sure had X pegged mid-month with a conviction buy and a $72 target. All kidding aside, I'm just day trading right now. So it doesn't matter to me if the market's...