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I was very patient today and also used the 1-min chart to enter many of my trades once the 5-min price action attracted my attention, because I wanted tight stops. I stayed on the short side until a reversal was confirmed, then shifted gears just before 1:30pm ET.

DV, are your larger size positions the result of averaging into a stronger move or taking a straight out larger position because the setup appears juicier? Also which have you found more productive, counter-trend longs or shorts? I've recently been focusing more on counter-trend longs because...

Via his cavalier post, dejavu might have been insinuating that trading multiple lots makes one tired, or that he made so much money he can afford to just take a nap while some of us risk breaking a fingernail on our calculator as we tally up how far we're up on our hypothetical pre-market NFLX...

When NFLX gaps up on good news, just buy it! It's got a 20%+ short interest, so it HAS to go up! I bought 1000 shares in pre-market @ 182.00, holding for $220 :D :D :D

Keep in mind, however, that it's a MOVING average, which means if price runs far and fast enough before pulling back to it, it may have a moved a long way from your average price :eek: I know how you trade because I did it in sim for months with great success. Trading for a living however and...

I find it to be helpful because a lot of patterns tend to repeat around it. After a strong trend in one direction, when price finally bottoms/tops and closes above/below it for the first time, the next pullback in the new trend is often one of the best entries. Today for example, after a...

Nobody I know of in this thread dislikes any strategy. It's nice to see different strategies, IMHO. Everyone following this thread knows my strategies and is likely front-running me :p What does cause some of us to raise eyebrows are comments about certainty, something always working, sure...

What's this??? Napping during RTH??? Posting massive tickage with no visible means of support??? You're violating the spirit of this fine thread, which encourages: Live calls Fundamental analysis Technical analysis Nifty charts Detailed instructions how to configure IB in ways...

LF, I'm just now reading this, was busy with CL all day, but it appears around the time you shorted, some reversal signals were put in (I'm not sure about the time stamp of your post and my chart, but looks that way). 1190.50 previous resistance was to be tested after higher lows and a close...

The professionals buy all the way up, right up to that last tick, and sell all the way down, right down to that last tick. The professionals buy low and sell high, sell high and buy low, buy high and sell higher, sell low and buy lower. Professionals make money and lose money. Please show the...

No, the Baltic Dry Index is in the toilet.

Cramer definitely gets behind some doozies, but he occasionally admits his mistakes and apologizes. I do think LVS is a sound long trade until proven otherwise. I would buy the breakouts as a day trade, and if looking to invest in it I'd buy the pullbacks as long as it's not a not a pullback...

Fundamentally, LVS began recovering in 2009 and has been growing earnings ever since. Beginning in May this year, they've beat earnings estimates each quarter, with a significant earnings beat just a few weeks ago. LVS traded as high as 139.00 before the recession when its quarterly earnings...

These are the words of a person who is guided by pure ego, a trait that often leads to disaster in trading. The phrases "when you are right" and "when you are wrong" focus attention on you rather than on price action, which is reflected in the actions of the herd. If you are trading with the...

For anyone looking for the secret to trading success, this is it.

The example you describe is something I've watched and then tested in my sim account as an additional trading strategy I plan to add at some point. I like the very tight stops you can get that way and also the fact that if the level holds price can really take off in your favor quickly. When...

Wow, that is scary, especially if you were trading larger size than normal, thinking "Oh, it's just sim..." I have my sim account (which I use for chart datafeed) on a different PC, and fortunately all the windows have SIMULATED TRADING stamped across them. If you don't have safeguards...

Yes, right now I'm placing stops manually as soon as my order is filled, which is no problem, but can be a bit dicey on a breakout trade the first 30 seconds after the inventory report :eek: What I've found is that a 10-tick stop on breakouts keeps you in almost all the good ones and limits...

Right there's what changed. Trading with the trend. The big money that moves the markets follows the trend. When a very strong stock gaps up on good news, you buy the first pullback. The previous high will be tested and if it breaks out, it's icing on the cake. Nice job, Neke.

In Booktrader, if you hold down the Alt key while left-clicking on a price in the Bid Size or Ask Size column, it will prepare a limit order to buy or sell at that price, and automatically place a protective stop order and profit target limit order, one cancels other (OCO), as soon as the...