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I went long on 11/21/08 @ 3.48, not short. I held the position until the 1/22/09 gap broke the trend line, where I sold @ 12.80. OK, so I exaggerated, it was a 3.7-bagger :p It went into the 17.00's before the trend broke down, but I was trying to let the trend be my friend since it was a...

You had a very strong Tuesday. Do you think this set you up for taking greater risk the next day or was it more a case of changing market conditions Wednesday where patterns that worked well in the past suddenly failed? Just watched "Fantastic Mr. Fox" last night. I highly recommend it after...

This guy was calling a market crash over Europe in early April when the market was still in the eternal bull run. He thought it would take a few months to happen and suggested in late April buying puts as soon as SPY breached 118.00. The breach of 118 was golden and the follow through happened...

Do you ever see an all-time high or low for a stock and wonder who bought or sold at that price? Back in early March 2009 I called my friend who wanted to start swing trading in his retirement account and thought prices looked pretty darn good at that point and told him DRYS looked ripe for...

I have a million dollar sim account with IB (OK, it's more than that now, but it started there), and I tested martingale strategy starting with really bad entries (such as shorting an uptrend at the pullback to trend entry) and working it until it worked. It really really really does work when...

"neutral", "market perform", and "sector perform" are the code words for "sell" From the looks of X action yesterday, being moved from "conviction buy" to "buy" is also a code word for "sell".

Are the shares traded all in/ all out, or do you scale in and out of the positions? Also, why not post your losing days? I think it will benefit you. Anytime I start thinking dangerous trading thoughts I have but to click on this link to my journal and it sets me straight in a hurry...

My focus is quite narrowed at this time (I trade CL, occasional ES, and 2 momentum stocks), but I'm finding that narrowing it further may still be best, mainly because CL provides a lot of action all day long. I like the stocks I trade because I've been trading them so long and they have...

If I have fear of a wrong bet, I don't put on the trade.

Schiz, quick, how to interpret this: 6/4/10 - "[Cramer] said investors need to remember that the markets are up from Dow 6,500, and now is still a good time to sell some stocks and take a little money off the table. "Don't give back any more of your profits," he said." Is that a buy signal???

Interesting. I came up with "squirrel" in 1 min 19 secs. Each fur-covered animal following the first on the list had one more letter in its name than the previous one. Of the 8-lettered names among the choices, "squirrel" was the only one with fur.

In early February, on Groundhog Day, Punxsutawney Phil climbs out of his burrow. If he does not see his shadow, the market will experience an early spring (get it? market...spring, heh heh). In that case the exact date to begin buying again is March 4th (get it? march forth, heh heh). All...

I think it's time for you to transition to the oil itself, Bob. Price has been moving about as fast as the gusher, more bang for your buck. :D

Schiz has returned to ES from a recent stint in CL. It took CL just 45 minutes to provide the same $1350 per car profit that took ES 5 hours to provide by way of the initial RTH short signal through the low. Sorry, but if that ain't painfully slow for a day trader, I don't know what is :p

I can see why you consider trading gambling. My trading is not gambling. I have a statistical edge which, when combined with strict risk management, makes me the casino, not the gambler.

I cranked up my platform after the news and actually did short @ 1081.00. It was rather uncomfortable shorting after that move down, but I was looking for a retest of the pre-market low, and put in a 2 pt stop for 5 pt or better target. I was stopped out eventually for a tick. Looks like a...

Q. How is the earth like a day trader? A. Flat at the end of the day.

Those were some sick moves today! After the numbers, it took off and so I waited for a pullback entry, but no, it just crashed and broke down the 20 MA and at that point I no longer had a comfortable setup. Once it retraced the entire move in about 20 mins I decided I now had a short bias. It...

Hi ToBe, On your overnight CL trade, did you use a stop and if so, where did you place it? I haven't traded CL overnight yet and am curious about stop placement. Also I'm wondering if you added to the position; the P/L on that trade seems higher than the price went. NoD

cst answered this for me and it was something he learned from me: He, too, uses a lucky coin, because Schiz refuses to share his broken crystal ball with us. :D