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John Thain was on CNBC and so was the head of NASDAQ. CNBC the shill network that it is did not ask the hard questions of Thain. He was not pressed to answer why trades were still being made after the normal closing time today. The answer was they still do not have their act together. The head...

This morning when I saw the futures down over 10, I put in a few of orders before the open on NYSE stocks looking for a gap down. My plan was to get out as soon as possible and I was willing to settle for half of what my daily profit target was, I was lucky, I got 60 per cent and was out of the...

I totally agree with everything that you say, but I must add that civilized decline faces the Orient as well as the Occident. On January 15 in the NYT, there was an article on a complete ban of motorcycles in a large town in SE China. Criminal gangs were running rampant. To rob a woman of a...

I trade the same stocks all the time. I have really only traded three different stocks in the month of January. The advantage to this is that you really get to know the stocks and how they behave.You become very aware of what will get filled and what may be iffy. I am comfortable with market or...

From my point of view, traders must truly understand what a good trading day is. I do not measure a good trading day by the amount of money that I made. The days that I make the most money, everything goes my way. I feel my best days are sometimes the ones where I barely manage to eke out a...

<p>Well, it depends on what your goals are. I have traded for a long time, and I am no longer looking to accumulate capital. I am simply trying to take a nice income from the market. Psychologically, a common fear that I see from unsuccessful traders is leaving money on the table. I take a...

<cite>These all are some really good points and I thank you all very much for it. I am going to try cuting off my trades more but the problem I have now is how much is enough. One of my problems is that I always increaseing my goals. when i reach $300 i want to try for $500 when i get there i...

The psychological root of your problem is similar to that of many gamblers. When they have winnings, they tend to view those winnings as playing with "house money". When you make your living trading or gambling, one cannot afford such a view. This money is not to be viewed as winnings but...

Before I ever thought about trading stocks, let alone trading stocks for a living as I have done for nearly ten years, I was a sports gambler. You form an opinion, best done through research and back testing, and then you take a position. I have never read a book on trading although I read a...

As a form of innoculation, I plead guilty to being a conspiracy nut. The Ford legacy in my view was that of a useful tool. He was appointed a Warren Commissioner to give a official sanction to what amounted to a bloody coup. He then through the oddest series of machanations finds himself...

Many on this forum talk of the connection between gambling and trading. For me, if there is a connection, it is between sports gambling and trading. Both deal with taking positions based on opinions. When CNBC was riding high on the bull market, it offered up Kramer and a lot of others giving...

I translate what he said as, there is more of an edge in trading than investing. I agree with that, that is why I gravitated from investor to trader. He is also saying that to make money trading, you have to be wise and tough. He certainly understood that there was way more value in unloading...

You pose an interesting question. I have traded through volatile markets in my day. A lot of the volatility that I have seen in the markets could be credited to the market's attempt to squeeze out speculation. Most of the speculation lately has been in markets other than equity markets, such as...

I am not sure if it is true but I heard dentists have one the highest suicide rates of any professionals. My grandfather was a dentist, and he had a meaness and a general unhappiness about him. Of course, he was a dentist before so called "painless" denistry. Ambrose Bierce had the...

As a sports gambler, it was stated to me that when the public takes a position it is usually wrong. I would add as a corollary, whenever the so called profession of journalism offers an opinion and takes a position, it is almost certainly wrong. As a sports gambler, I looked to play the...

Politicians come and go. So do Fed Chiefs. But the Plunge Protection Team is always there for the longs, at least until next crash.

I am a full time trader and have been for 10 years. I never met anyone who makes a living out of his home as I do or trading full time with a prop shop or any other company for that matter. I have never talked on the phone with a full time trader either. Part of that may be due to the fact that...

55 years old I trade from the intersection of the Biblebelt, Cornbelt, and Rustbelt less than 20 miles from the H S I graduated from and in a class which numbered all of 27. I had some success doing this thing called investing. So I thought I might try trading. I started actively trading...

You used the word invest twice. I am not sure if that was your intention. You do realize this forum is entitled EliteTrader not EliteInvestor.

In trading, money is a tool. It should be regarded emotionally as such.