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  1. H

    What are realistic goals for an 18-year old swing/position trader?

    Trust me. Taxes will not be a concern.
  2. H

    What are realistic goals for an 18-year old swing/position trader?

    Take your 1500 and place it in a good mutual fund. Paper trade for your 4 years in school, or just donate it now to a good charity.
  3. H

    Get The Hell Out: Part II

    THINK 1620.:D
  4. H

    Get The Hell Out: Part II

    Neither have I. As far as I'm concerned the market should logically be trading around 1000 right now but it's not. Personally I believe the market will start declining when some good news begins to appear. In the meantime, I am not going to argue with the market.
  5. H

    Get The Hell Out: Part II

    The risk is just not that great. It's not like one wouldn't have time to get out of their long positions. Have I tightened my stops on my longs? Sure, because the bullish percent index turned negative last week, but not negative enough to be that concerned. I even took some profits yesterday...
  6. H

    Get The Hell Out: Part II

    There is nothing in that article that really concerns me. Anyone who is long is only risking march lows. That is not the end of the world.
  7. H

    OK, I Quit. Trading is Too Tough for Me

    I thought that was a strange observation as well. I cannot think of any worthwhile pursuit where a competitive personality is a disadvantage.
  8. H

    Ant firms that allow long term accounts besides etrade?

    If you are buying and holding why do you care about reliablility? Do you honestly believe that the few times you are going to make a trade the web will not be reliable enough to trade? That makes no sense whatsoever.
  9. H

    1:08PM, May 19/08, NDX Multiday Market Call! Sell anylong, and Go Short

    What I really can't understand, and probably never will, is why she is trying (poorly I might add) to earn respect from a message board? It doesn't pay worth a damn. What kind of life do you have if this board is your only chance to feel good about yourself? It puzzles the hell out of me.
  10. H

    All yesterdays indicies gains gone

    Well we hit the target. I was testing my pnf targets to see how accurate they were. I didn't trust them so I left 6 points on the table because I am a PUSSY.
  11. H

    Learning to read Price Action with P&F Charting

    Mostly just one or sometimes 2. I could just shoot myself because my target was 1363 for the last half of the day and I left a good 6 points on the table.
  12. H

    All yesterdays indicies gains gone

    Well we almost made it to my 1363 on ES. Still some time left though it doesn't look good right now.
  13. H

    Learning to read Price Action with P&F Charting

    Well today I traded my pnf targets to see how they would work. I was undisciplined. I took too many early profits. Next time I will be more disciplined. I made 11 trades. I made two trades AGAINST THE TREND and lost on both. I did not lose on any with the trend. This should have been a...
  14. H

    All yesterdays indicies gains gone

    On my chart the indices have been trading in a down channel ALL DAY. THINK 1363:D
  15. H

    All yesterdays indicies gains gone

    I don't know if it can go that much lower than 1363 today, but of course I could be wrong.
  16. H

    All yesterdays indicies gains gone

    ES has an excellent chance to make it to the 1360 range.
  17. H

    Risk vs Reward. Which of These Two Trades Would You Take? Experts We Need Your Help

    Now everyone please remember that if you answer the question to RFT's satisfaction then you too can trade just like he does. You will be allowed to post your own fake trades with simulated profit. And let's not forget the millions of fans you will acquire, so by all means, answer these...
  18. H

    Learning to read Price Action with P&F Charting

    Here is an example of what I am talking about and what your thought process should be. It's just an example because I would probably not take this long trade because it is counter trend. If I did take the trade it would be for the easy money to 44.
  19. H

    Learning to read Price Action with P&F Charting

    Your loss is never more than your original stop loss. You are moving that stop loss up as the price moves in your direction. If the risk is too much for your risk tolerance because the signal is far from where you would have to place your stop then don't take the trade. Before you take any...
  20. H

    So, is it a bull or a bear?

    True, but some people trade the indexes, so in that case the overall health of the market is more important than individual sector or stock analysis.
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