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How we make money is not something you are likely going to learn reading a few books. In fact, reading the mainstream material will likely do more harm than good. Plan to immerse yourself in trading, look for a good mentor to learn from, and put in the time it takes to learn the business. I...

Yes, Generally I trade hedged, with my longs and shorts within 20%. I have some good positions on, tomorrow will tell how good they really are?:) As for my size, that is about par for the course for me. I like to have something to make money with, some opgs have been pretty dull lately...

Nice trading day, It's all about making money, if you can do that trading 5k shares that's all that matters. Would be nice to have a few other ET'rs share their day. I know that someone out there caught that move in the oils and just killed it. Good trading to all! Mike

How did everyone do today? Was a decent day here, although, the fact that I am loaded up with positions means I see some great potential for tomorrow. Some of these stocks just got creamed today. What's up with COP and GS, APC and APA? Tomorrow will tell! Here's my P&L for today, traded...

I think so, trading a few stocks gives you a good feel for the specialist and how he tends to trade, and you are able to get a sense of the tape for the day. Good information to know, IMO. It is very difficult to read the tape when you have 24 positions on. I know that at times I am...

You have two ways to go about this, teach and learn on your own, this is the more expensive route, IMO. Find a mentor who is willing to work with you and teach you the business of trading. This is least expensive route, IMO. It is the route I followed and the one that countless others who...

My opens are a combination of automated and manual order entry, then, later in the day I trade a "grey" box program that gets me in, and I manage the exits if I can react fast enough. I typically do 60 to 150k on the open alone. Good trading to you, GURU! Mike

I am a little overwhelmed with PM's lately, I will get back to everyone of you, just give me a little time. Good trading to all! Mike Today, currently down about $200, but have quite a few positions left, we'll see what happens by the close.

About 60% was made off of the open, the rest was made through out the trading day. At he close, I decided that GLW has rallied too much recently and would put a small position on.

STOP TRADING RIGHT NOW! You had some beginners luck, pull out your cash and pay off your debt. NEVER trade with borrowed funds or money that you need. Scared money can't trade. If you are too attached to the money you will inevitably get whiped out. Practice more on a simulator, build up...

Set a certain loss amount as your action point, for me, that point is $1000 per position, that means I will take action at this point to limit my losses. I have a flexible stop plan, and for me this point is like a "warning shot across the bow" rather than an absolute stop. I might consider...

Corey is a good trader who handles good size positions very well, I know that he nailed those results for that day. It was a great day for all of us. As for today, well, in the spirit of the thread I thought I would put some numbers up myself. Traded around 140k shares today maybe slightly...

Since I trade 70% hedged, it translates into some pretty good opportunities. You have lots of flexibility with your positions to make money when the market moves. Watch the SHO stocks trade, and you should see some of the opportunties.

Well there are several options. If the spreads are wide, then I want to make a market in these stocks. I want to be a buyer and a seller, and let the week hands come to me. If the spreads are tight and liquidity is there, I will use them to hedge my positions. When the market bottoms...

You learn how to trade in retrospect. Trading is about making a few distinctions on how best to handle your positions. Then, one goes against you, and you complete a post mortem analysis(I ask questions, what happened? How did it happen? how can I avoid this in the future? What damage...

Well, I put money on it. I'm not fully invested, buy I bought some and will see how it unfolds the next few years.

Saw it, didn't take it though. It seems to me that I get caught on the wrong side of these plays more often than not, so I just try to avoid them.

This is exactly what I am talking about, someone shares an account of trades made today, shares what he saw in the market and now he must face the wrath of hydro and a few other pikers on here.

Perhaps you should step back and mind your own fricking business! :) Don't confuse confidence, perseverence, and good ole' fashioned hard work with arrogance. I swear to god it's like crabs in a bucket on here, it's no wonder why a few of you are having trouble trading profitably.

Delivering pizzas is noble work there HYDRO, keep grinding out that lunch money! You don't deserve to make the big bucks, because you have a pisspoor attitude, you're never wrong, and you're not willing to work for it, and you are unwilling to change. That's why you are failing at this...