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Basically, the idea is to determine what set-up you are going to trade based on (i.e. S/R, trend, etc.) and then use the other indicators as your price entry point. That is a very good analysis, but lacking in some general ways. First off, You choose a stock/index which you feel is...

I own the SMH (Semiconductor Holdrs Trust) at an average cost of 34.50 and wrote a 35.00 covered call for 0.90, expiry Nov 18th. I also own long term puts. A bit of a complicated strategy to discuss in this one post, however. The strategy has been kind to me and very risk averse, but yielded...

Anybody know a free site that shows price action and volume on a 5 minute basis, updating real time. It doesnt have to be streaming, just that it updates as I refresh the screen.

Im not trying to sound foolish, and yes, I understand that I need to watch carefully what a stock does around key numbers. Example, say I was watching the SMH the day it traded at 34.50. I believe it was Monday, October 10. The technical indicators were all weak and thus in my favor...

Omni, Appreciate the response man. Ill tell you what I did and what I based it on. Basically the SMH (Semi Holders Trust) is an ETF that tracks semiconductor stocks such as Intel, Texas Ins., and so on. I saw a couple of days ago that the index was hitting the lower bollinger band...

Arnie, With all due respect, kiss off. You have no idea who you are talking to, and no I don't mean that in the mafioso sense. You simply don't know who you are talking to, so turn your chair around and talk to the picture behind your desk, friend. Do not purpose to know what I do or do...

By price what exactly do you mean? We know the price of the stock and we can see what the technical indicators are saying. Okay, lets simplify the situation. Let's say an ETF in a fairly good area of the market, say the QQQQ or SMH in the tech sector. I for one am in the SMH right now, but...

What, in the opinion of the people on these boards, are the most useful technical indicators that when they are all saying the same thing will most likely result in profitable trading. Example: Take a stock with good fundamentals, a value stock or even an ETF. And say you were following...

Here's the scenario: I have about $250,000US and want to open up a Prop Account but dont need very much leverage at all to buy the stocks that I want. For example, say I want to trade 10,000 shares of Microsoft, and only need 10-20 K extra margin to cover the trade since I have 250K of my...

The company doesnt answer all those questions it seems, cause you only ever get to talk to HR people. The traders are always "busy". I am not upset at all tradernik, but I just dont understand why people assume that all their questions have been answered in previous threads. Man, do you...

tradernik, I appreciate your comments, however, a few notes: 1) I have never stepped foot in a prop shop, and made that clear in my first post. I live in Halifax. No prop shops here at all. 2) As it relates to the fundamental lack of trading knowledge.... I mean, for the Love of God...

Swifttrade is supposed to be opening a site here in Halifax in a couple of months and since we dont have any daytrading outfits here in Halifax, this opportunity seems worthwhile exploring, hence the above questions.

I understand that many on this board will not be happy to see yet another Swifttrade thread. I apologize for having to start one, but there are a series of questions that I cant seem to find the answers to, at least some questions that haven’t been answered, and I’ve looked quite...