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chartwiz, That's a harsh characterization of Ken. You don't know him and you cannot know his motivations. Also, how can you conclude anything regarding his methods after only a brief review of a couple of room transcripts? Don't you think a more careful consideration is in order before we...

candle,, The point of this thread are ways to find "what is moving" or "trade the trend" as you keep saying. Of course "trade the trend", but you have not given us enough detail of your methods to construct a working model. Would you care to share some details on how you do it...

Right mrbud, and if this is true, "the method" becomes less a defined method and more a discretionary rule of thumb. Also, it follows that there is much less there that is tangible and testworthy. ProTrader1

I know that's his style, but his posts are inconsistent. You tell me mrbud, what did he do here... http://www.dtu1.com/amatdec26.gif

version, He says "B", but he's illustrating "A". What if yesterday's high is 41.70? Would he enter @ 42.00 to 42.30? Or wait for 42.50??

Ken, Unfortunately, I'm even more confused. You say enter OVER THE WHOLE NUMBER ABOVE PREVIOUS DAY'S HIGH. "41" not "40" is "over the whole number" in this AMAT trade. According to your stated rules, you should not have made this trade until 41.50. Furthermore, in your Active...

Ken, good commentary, but I do have a question regarding your first setup, AMAT..... You say only "entry long .5 to .6 over whole number above previous day's high But in this AMAT trade you entered long @ .25 within the whole number. Yesterday's high was 40.35, but you entered the trade @...

candle, I think I know what you mean by "trade what is moving", but would you please elaborate on this? How do you define "moving"? What timeframe are you speaking of? btw, Great consistent P&L! ProTrader1

What you say is reasonable, but daytrading is till a lucrative proposition. For an example, see Hitman's "Tading Journal" thread series. His 2nd year of daytrading listed stocks, he damm near turned six figures profit with little size.

Thanks for posting the info. When your basket of preferred stocks is trading within yesterday's range (not breaking to new two day highs or lows), how do trade them under this circumstance? Do you simply not trade that particular day? You offered to post more recent transcripts, I would...

duff, Don't you think that Don already knows this, being the very successful businessman that he is? It's like you, a typical hamburger eating customer, trying to tell McDonald's how to run their ad campaign. LOL. You;re better off looking for your next 20 cent scalp. ProTrader1

Threei, Do you know Ken Calhoun (Daytradinguniversity.com)?

Don, What's a "rogue trader"?

candle, You have to be one of the best intelligent traders on this board. I've read your posts and I like what I see! $1300/day is beautiful....just beautiful man! How much are you risking (on average) on each play? And what setups are you using? Merry Xmas Candle! ProTrader1

duffer, If you spent half the time minding YOUR own business as you do others, you might even scratch a dollar or two out of trading. GET A LIFE! (and let us manage ours) Thank You. ProTrader1

candle, I understand what you are saying but I can't believe an obviously intelligent person such as yourself, not to mention an experienced great trader, would break all his rules for the hell of it. There was something else you saw that said to you "break the rules on this one". What ws it???

candle, Out of curiosity, what were your reasons for shorting ASW?

candle, I am definitely salivating over your amazing win. Way to play it! Greed IS Good! HAHAHA!

C++, the initial results sound impressive. Are you trading Nasdaq or NYSE?

7c