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30K is a good month, and anyone who earns 6 figures trading is doing well, IMO. Through the summer, I will not be disappointed with 15k months, I am hoping to take some early days and a few weeks off to get some projects done. We'll see what the market gives us. As for my strategy, I trade a...

Qualifier here hydro....IF.....I know that all the pot you smoke tends to cloud your memory and destroy your brain cells but try to focus for a few minutes ok! :) As for pairs, You can create a portfolio of 6 or 8 pairs that you trade, keep your size small, and trade and make money with even...

Pretty good month, (though not great), today was great trading. The sell imbalances really offered some good opportunities, and added just enough volatility to the market to create some tradeable moves in my pairs. If you guys are trading just one type of strategy, may i suggest you add...

It was a good opg today, I did make lots of adjustments.(Tech, Healthcare, and INS) Up about 4k on 120k shares or so. Days like today make it all worth while. :) Good trading to all! Mike

I am willing to bet that a trader who is making money is more likely to invest in top quality equipment. If for no other reason than to write it off on your taxes. Converesely, most short stacked newby traders would be unable to afford that expensive desk. That's the way I game it...

I don't agree with that at all. A trader who is diligent at managing risk will never blow out. I have taken several big hits over my career as a trader, but have never come close to blowing out because as I lose money I immediately begin to reduce my risk and exposure to the market. I also...

The key to making money in this market is to be a multi-market, multi-strategy player, IMO. The edge is coming down on lots of strategies, and that seems to be the trend. OPG's are tight, MOC's are non existant, etc. You need lots of BP, and be willing to trade any strategy that will add...

Why don't you share your model with the group here, and lets take a hard look at your assumptions.

Real estate acts as forced savings plan. When you pay off principal, you are in fact paying it to yourself. It provides tremendous tax advantages. It protects your wealth against inflation, and essentially allows you to build wealth tax free. 500k tax free is a windfall. These are some of...

Hydro, you have no clue what you're talking about here. Run the numbers and see who comes out ahead in 20 years, the homeowner or the renter? Nothing worse than an unqualified opinion!

Nice trading Lescor! You are da' man!:)

Agreed, I expect that it will become even tougher over the summer. I have seen increasing VOL on the positions I am taking at the open. The squeezes when you are wrong are very tough to bear. Today was good though, +4400! Good trading to all! Mike

Well, you have to take the bad with the good on OO, today was tough. I wanted to just get short the market, and it seems that every stock I shorted squeezed pretty hard. Overall, lost about $3k on the day. I really thought today was going to be one of those days, oh well, back at it tomorrow...

I am all for varying your bet size appropriately, I find that this one disctinction often makes the difference between making money and making great money. If you swing for the fences, you must be prepared to strike out, and in this business, that means you are out of business! (risking your...

The results posted here are great trading results. (Take a look at portfolio size and then compare it with daily returns, then compare our results to most funds, and hedgefunds out there.) We aren't plannning to smack the ball out of the park, rather we trade to make a living. It's not about...

This isn't the first time they pulled this BS, I don't understand why anyone would trade this market, at least the NYSE specialist is forced to make good on trades! I hope no one got burned too bad! Mike

I project support at 97.74, let's see what happens. :)

I am with ya on this trade, I keep wondering if one of their hedgefunds is in trouble or something? I havn't found any relevent information yet!

The stock will trade ex-dividend, literally means without the dividend. I will get paid the dividend in a few days to a few weeks, but, the stock gets marked against me and results in a loss. The end result is usually a wash. If I trade the spread profitably, then I collected the dividend and...