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If your loss is fixed, then there's some hope. But if you hadn't qualified your initial comment above with that "fixed loss" thing, then flat out I would've said you are going down.

Yeah I get all those emails from them with the teasers of how well their picks did. So I finally emailed them back asking for details of their full trading record, like what % of their picks gained a minimum of X amount in Y time frame and what was the max drawdown, avg drawdown, etc. They...

I agree, nothing wrong with what you did. WYNN is a nice momentum stock even when it's already made a very large run as you can see from the opening hour's action (more than a 2 pt range down and up). Trading AAPL, AMZN and POT, I found that the opening 90 mins provided the best moves and I...

I believe this without doubt. I tested breakout strategies in my sim account for quite some time last year and one day netted over $3000 simbucks trading 400 shares on an AIG breakout.

I'm curious if price doesn't hit your stop loss by 4/19, would you hold it through earnings?

Too funny :p Others directed me to these threads, but what ET needs is a section for Hall of Fame threads that the mods can only add to. It would be a nice resource all in one place. Someone else here once posted second mouse gets the cheese and I think it was around one of those days I had...

I'm still struggling with fully trusting price action and letting my own thinking interfere with doing the right thing. I thought I'd overcome my greatest hurdles, but this one is holding me back from reaching the next level. As an example, yesterday I saw CL (oil) in a gradual downtrend in...

Several traders here have provided full details of how they trade: Anekdoten (http://www.elitetrader.com/vb/showthread.php?s=&threadid=99283), Saliva (http://www.elitetrader.com/vb/showthread.php?s=&threadid=144884), SusanaDT...

Just how short are you? :D :D

That's a good one! Buying tops is successful as long as the "greater fools" come along, but be sure you know the difference between a pullback in the trend and a breakdown :eek:

I don't believe this is necessarily a mistake. Selling low was a winning in the latter half of 2008. Buying high is a winning strategy in a bull market. In October 2007 my husband and I wondered what the next "hot" investment would be. Solar power, of course! We researched some...

+$450 Day +$2420 Week Crude opened off a mild pre-market downtrend and so I had pretty strong short bias (like when don’t I?). I ended up scalping instead of trusting any particular trade to follow through because the price action was so whippy. I put on a trade and had a big picture view...

Sorry no trade calls today, but I really feel distracted by it sometimes and the choppy price action required focus. As you can see focusing didn't help a whole lot, because even though I had good big picture of the price action in my mind, I allowed myself to get chopped by the whippiness. Then...

Wait, guys, I know what's happening here. DOW 11000 party hats, shirts, champagne were all ordered last week. They HAVE to take it there!

Can't someone start a "meteor on trajectory to earth" rumor and get some vola back into the market??

The only news across my wire was Fitch downgraded Greece. Any excuse to move this muck, I guess :eek:

Somebody please shoot me. I shorted @ .48, targeted .24, stopped out on lack of follow through, then thought it was too low to re-short :confused: :confused: :confused:

WTF is going on with this price action just whacking back and forth?

I've been scalping this chop to the short side. If I just left my initial trade and target on, I think I'd be over $100 richer right now.

What catalyst, my friend, shall drive this market lower? TDAYBOYZ hung over from yesterday?