Search results

It really sounds like your trying to hit home runs. This is an awful strategy to come out of a hole. Trust me I have been there.... I got in a big hole... I would say I was about 25% responsible for it and the rest was a halt and I couldn't do anything about it. Anyways, after getting in a...

This is my post near the start of this journal... Without looking through the whole journal since then and instead just flicking over the last few posts I can tell nothing has changed... YOUR EGO REMAINS YOUR PROBLEM.... Until you change inside I can confidently say you will NEVER be a...

Short day today, I don't expect much to happen in the afternoon. Notable trades were MGM short... started shorting around $14.90 and added on the way down... it tried to shake me out. Had 2k short average price around $14.87. What I like about this trade is I really let it work out for me. I...

While I remember, I want to make a note that I have really made an effort not to lose much in the first hour of trading. My real $$ is generally made between 10:30am-noon. I have also really cut down on my trading in the last hour. I ran a bunch of analysis on my trades and found that the...

I think I'm gonna change the format of my posts a little. My thought is that maybe my lessons, what I did well and what I did badly may be a better thing for me to focus on instead of the mechanics of the trade. So here goes... BRCD was on my radar as earnings after close today. So looking...

I have heard a few things I'm not one for starting rumors so I ain't gonna start anything on these boards about Globus Trading (formally LYNX). Just to say that I don't currently trade there, never have traded there and never plan to. Best of luck to those that do.

Firm capital is exactly what it sounds like. The company's money. Not yours. The firm puts $$ with a clearing house and in return is given loads of buying power. There are firms that allow you to trade their $$ (the buying power granted by the clearing firm). There are some firms that require...

Opportunities missed today. SIRI had a big gap close which I only got about 35% of the move and without good size. AMD traded well today but I didn't pay it close enough attention and didn't trade it. Missed the DELL breaking $15 level which gave a 20c move in about 5 mins. My profit today...

Because this market is killing us prop traders hahaha... (yeah but your right its in the wrong section)

I'm of the view it won't happen until EVERYONE thinks that the market can do nothing but go up. We still have many people thinking this market it going to have a pull back (including me)... until this changes then we are going to keep going up. Sooooo tough to intra-day trade it though urrrrgghh!

Yeah I find the same thing. I try just not to think about it. It's a bit easier for me as I don't hold any over night positions. The one time I was forced to hold an overnight (stock stayed halted) I had the worst nights sleep ever and lost $20k on the open. However I was relatively happy...

I like that one

Thanks for the link. I like how he talks about constantly managing his losers and letting the winners take care of themselves

Another boring day today. Not much happening. Lost a little on SIRI (which died after the initial moves in the opening 20mins) and on XLF which refuses to break out above the $17.15 level. Caught a pop on AMD with the potential takeover by DELL. So after that I was down about $100. Decided...

Yeah, I have been varying size. I really don't trade the afternoon much as my stats show I rarely make $ in the afternoon. The thing is these things change depending upon the way the market is trading. I usually make $$ in the morning but not at the moment. The break was good. I planned the...

Well I started back today after a well needed break. Mixed feelings to see I didn't miss anything but also it sucks that we are still not doing much. Everyone expects a pull back which is precisely why we won't have one YET. Pension funds keep pouring $$ in a after the usual little puke on the...

I can't even get out of neutral in this market let alone getting into 1st or 2nd gear. Played a bunch of stocks today. Everytime I played a stock that had specific news or specific chart pattern I made $$. Up $400 at one point. Everytime I took something that somewhat relied on the market I lost...

Thanks for the link. That was interesting. The part that I like the most was about the United Airlines BK rumor that the news algos picked up from a mistakingly reprinted old article

Yeah its not bad. Some of the stuff about 'how a prop firm works' 'how you get an interview' etc was a bit boring and I didn't get anything out of that stuff. However the stuff about actual trading and the chapters describing some of the traders was really good stuff. Overall I liked the...

lol... call the SEC on 555-3123....