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Absolutely. You have to be a complete idiot to risk everything on one trade. Being that I trade 20+ stocks each and everyday, I have no reason to risk it all on one trade because I know there's always another trade. Even on the few setups that I can think of (maybe about 7 or 8) over the...

You're right. It was off topic, but I thought I would let the guy know I actually got a lot from his post. Think of the message, not the messenger. As far the other BS about not having a learning curve goes...you must've pulled that out of your ass. I definitely had about a 7 month learning...

This was a good thread until TRYKtrading arrived and decided to post everything except what this thread is about. Maybe it is the business of trading or the human condition. I see this in my office as well from certain people. What I see here and in my office is that unsuccessful people...

Alright forget everything else we were talking about. I just read a quote you made on a thread where some guy called pineman whined about why he rode the pine at a prop firm. You made one of the best quotes I've ever seen on this website and wow is it so true. You said, "To perform under...

Whatever happened to your FAZ/FAS positions. I remember that you were doubling, tripling, and quadrupling down. Of course I already know the outcome. Really I'm just wondering why you abandoned your thread without owning up to how poor of a trade that was for you and how terrible your advice was...

One day ahead? No. I'm thinking quite long-term actually. You can't build a trading career off rumors...especially not random, baseless rumors about 5 months too late for anyone to believe them.

Awesome. We agree to disagree. Because you worked for 1 or 2 institutions hardly qualifies you to make a blanket statement about the entire institutional investment/trading atmosphere. BTW I'm not a conspiracy theorist in regard to institutions or much for that matter. In regards to ADPI and...

My imaginative guess? The fact is, the stock sold off an hour before the news was publicly available that the company -- ADPI was the ticker as a matter of fact -- had lost a court decision. We found out that the lawyers hadn't even left the court yet! Your imaginative guess is probably...

I don't know much about this Jack Hershey character, but now I see why he is so ridiculed on this site. With that said, I can't speak to the advantages of major institutions extensively. As a trader, I can say that I can't count the number of times that I've seen a stock rise...

Don't misunderstand me, it can be a very touch job psychologically because there is so much immediate feedback -- feedback that is great and feedback that sucks. That's part of the game. Making decisions isn't hard. Pressure is a decision. You should decide not to put yourself in...

Good job explaining yourself to such an "Educated" trader. Lol. I have to admit that you're mostly right. Still, I wouldn't allow the sign up date of the messenger to prevent me from receiving a good message. There are many people that can't trade at all that have some good ideas.

Exactly.

A few friends of mine that are daytraders talk about "not wanting to be in front of these screens on a daily basis in a few years." I say it too and it's always in the back of my head as I continue developing strats for the longer timeframe. BUT....if each and every one of my longer-term...

Lol.

If you're worried, you should probably exit your position so you can reassess it with a clear head. If you still like it, get back in. If you're still worried after that, you probably don't trust yourself very much to stick to your stop-loss rules.

I guess you said this to give yourself more credence. I was in college when you created your elitetrader account in 2005. Lol. I am profitable....been profitable for 2+ years now. The idea that someone's registration date on Elitetrader should be used as a proxy for credibility is...

As far as making more money on the floor goes, I think it depends on which product(s) that you trade, your strategy and your edge. There were a few successful former NYSE Specialists that came to my firm that were laid off from NYSE Specialist firms and they tried to transition to the screen...

I don't know if its a fact or not. During the trading day today, I saw it as a headline running above the crawl on CNBC. Take it for what you will. The television wasn't turned up and because I trade equities, I didn't really care that much whether it was true or false.

There was a large block of shares being shopped around for a buyer. The rumor if I remember correctly was that the price was supposed to be around 10 or 10.50.

There's plenty of money to be made.