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I make a request of you similar to that I made of another "Jack-basher" recently: Please direct us to any evidence you have of Jack encouraging or coercing anyone to put up money to purchase a service, a course/seminar, a trading room subscription, or an automated trading system from him...

Nice one, Bob! A while back someone here discussed trading ZB with me. But right now I'm addicted to POT, which I've always said is a gateway trade. I'm starting to believe it because I've been hanging around the crack addicts at CL Redux and am getting an overwhelming urge to inhale. :D

I have to insert my opinion here because Bob and I have been discussing breakouts, and looking at RDN's charts I can't even figure out how anyone could make very much money shorting it because there were only a couple lower highs today and the pullbacks were shallower than heck. You had to be a...

I assure you I will post here every live CL trade I make.

I'm curious, what was "it" for you? For me "it" was learning to use multiple time frames, trade with the trend, getting over my fear of trading breakouts, and waiting for confirmation or a key reversal bar before counter-trend trading. Even though I still often cut my winners short, I still...

I sure learned these lessons the hard way. Now plaster them against the wall in front of your face and pray daily for the strength to never repeat them! A helpful hint - when you think of placing a wide stop, that's where price will go, so either enter immediately and make that price your...

Yes it's very difficult to post quickly because CL tends to move quickly and I often can move stop to b/e pretty quick, so it takes a minute or so before I post. The reason I was posting my sim trades here previously was to keep me honest, with stops in place for the record. In past months I...

Hmmm..I was just walking the dog and thinking that a decisive break through 1159 would signal a decent counter-trend short with an initial target of 1144. The key word here is "decisive". The key factor here is "DEMTDAYBOYZ".

And take it a step further. All those stops are a few ticks outside the swing high or low. They might be stops to close a losing position or stops to open a new position for a potential breakout trade, but the point is they're stop orders, which turn into market orders once they're triggered...

When you sell a bottom or buy a top and the breakout doesn't immediately move several ticks in your favor, allowing you to place a very low-risk tight stop, EXIT THE TRADE. Failed breakouts are strong reversal signals, especially if 2 or 3 legs up or down have already transpired. If the breakout...

So you're nibbling your way into a larger position? I often contemplate doing that as a counter-trend play because it's hard to pick tops and bottoms, but every time I wait too long, I miss the move. How does that work out for you? Or do you play small and stop out a lot until you get the move?

I add this to the "comfort issue". Trend trading is so easy, but it's not comfortable unless you got into the trend at the start. Beginning traders tend to counter-trend trade because they feel that price moving "too high" and then pulling back in an uptrend means it's gonna crash and price...

I have to agree with this. The trade I was most uncomfortable with was the breakout trade: Buying a tick or two above the last high in an uptrend (selling below the last low in a downtrend is also a breakout trade, but I usually short lower highs rather than new lows since we''re in a bull...

There's nothing wrong with a counter-trend play on AAPL, but AAPL's still not fully overbought on the daily chart, so why would you short it via options at this price level? Intraday, it's good both directions, as are most stocks, but for a swing trade to the short side, even if you're a...

I understand what extended hours is all about, and about the only time I ever used it was when GTC limit orders to close a swing trade were lifted. I was just curious how trades occurred outside the bid/ask. About a year ago my husband had a GTC order in place to close an AMGN swing trade and it...

I need to confess that I sim traded CL today. I still don't feel fully confident trading live, but I'm getting there. I didn't call any trades because I was totally distracted with live trading and a bunch of non-trading-related tasks. My opening trade was a breakout trade, but the breakdown...

+$422 This morning I asked myself where would all the folks who keep saying to short AAPL place their disaster stops. I figured above $230, so I expected AAPL to hit $230 today, but the price action was so wide and whippy, that I was unable to trust myself on this and so I didn’t trade it...

Absolutely. You want go long just before price goes up, but be sure to sell just before price goes down.

This is the greatest challenge. I struggle with it still after 2 years trading. You got that right! If you're looking for a mentor, listen to those who call their trades live, or post their trading blotters and charts so you can see what they're doing, or at the very least communicate their...

Clumsy self-confidence is definitely as blow-out danger, but day traders trading stocks like MS rarely blow out from black swan event. If this guy was trading news-driven biotechs, then that might be a significant danger.