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Anyone trying to tell you to get out after 2-3 pennies a damn tool using you to stack up commissions and sucks at trading. Now, if the stock is low price like AMR, that's different, because 2-3 cents represents like .25-.4%. It's not meaningless on stock that price. 2-3 cents is arbitrary...

Oh well Neke. I got hit hard this week too. At least a 10% loss is 60K for you, you have nice profits this year. One week does not a trend make. These transitional periods are difficult. I am long SNDK and haven't a clue why after such stellar earnings they are selling offas hard as they...

Engorge yourself with sweets.

LoL Sub0. Good job Neke. Double again and you will have made your target, despite the worrisome tribulations you experienced that made you better. Wilt

I traded whatever was moving substantially premarket. Definitely didn't focus on one issue. I focused on the pattern. Wilt

I traded directionally based on news. I was going for doubles, but I probably only managed 1 70 percenter. Most were in the 30-50% range. It took just under superhuman discipline and resolve. I could do it again, but thankfully I don't have to. Any mistakes would easily crush a succession...

Peil, don't talk like that you SOB!. :P I was taking my $1,000, (borrowed on credit cards) to $25,000 to get over the daytrading rule. I got it to $24,600 in 3.5 weeks, had some should be easy, low risk, slow play on some huge pharmaceutical company, (I was expecting to make like $600 I...

Hmmm. What can I add that's useful that I haven't said already? Nothing. Oh my gosh, you had a losing week! The sky is falling, time to question whether one should even trade! ... Is water really wet? Oh well, you had a negative week. Happens. Try to forget about it. Try to enjoy the...

Outstanding neke. Love to see your fortitude. That's your biggest edge IMO. You will never go broke because you can't be broken, are innovative, and adaptable. Stay smart and profitable. Wilt

Haha, where have all the fools with money gone? I'm sick of stocktrader777. :( Hope you did some damage on a gap fill today Red Ink. Wilt

Hahaha, glad to hear it Red Ink. Brings back memories of JDSU back in the day? :D Thanks for replying. I wish I could have been there for it. My last was several big days ago. I pulled 15% real (not including margin) out of two trades on AIG which was pretty much all I could get since I...

Of course, if you're counter trend, but you would be a fool to other side of 7 billion dollars being pumped in. I don't think the good traders would try to fight that.

How glorious is it for those of you who are at your trading station all day trading AIG? It must be like thanksgiving trading a stock with such an unparallelled amount of money being pumped into it, a real share price, disgusting volume, price action, and support. So come on Red Ink, other...

LOL Vindicator, so true.

I was finally motivated to send an email to Fast Money about the atrocious stock picking of Karen Finerman. CROX from $50, HD from the $40's...and it goes on. She should have been out of a job a long time ago. Just wanted to share that because it's unlikely that they'll air my comment...

If you can trade options, you can trade stocks; not the other way around. The two are inextricably linked and options are the more important of the two. 1. Backtest your strategy. 2. Don't know. Never seen any consistency with high open interest strikes. Sometimes they end up well...

I thought WEP required a pw to get on your network. How is it easy to breach without the network password? Also, if you have a wireless router and you plug your pc into it, doesn't that eliminate any weak security with using wireless? Thanks, Wilt

Good job Neke.

Oh, and don't be afraid to touch your components running. It can still be hard to tell what's acting up by sound even with the cover off. If you feel something that seems like its vibrating too hard; there you go. Also, if you touch something and it quiets down, that will let you know as...

Just jump. You have to have faith in your method. Consider yourself simply a tool for its execution. Cut your losers before they get serious. If you enter a position and it immediately is going against you, consider dumping it. It's better to be flat and catch the next one than hit homers...