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  1. 2

    Need help daytrading QQQQ

    It is not impossible to go short during a downtrend. Sometimes people think it is, but it isn't. It is however much more difficult. Selling short adds to the selling pressure of a stock, further widening the bid:ask ratio and driving the price further down. Getting fills on a quick uptick is...
  2. 2

    Need help daytrading QQQQ

    Anyone else want to chime in with some helpful advice? If not I'll answer later, I have a prior engagement. Sorry.
  3. 2

    Need help daytrading QQQQ

    My thoughts exactly.
  4. 2

    Need help daytrading QQQQ

    Sour Grapes with their whisky anyone? http://www.elitetrader.com/vb/showthread.php?s=&postid=1088043#post1088043 http://www.elitetrader.com/vb/showthread.php?s=&postid=1086814#post1086814 http://www.elitetrader.com/vb/showthread.php?s=&postid=1051471#post1051471...
  5. 2

    Need help daytrading QQQQ

    http://www.elitetrader.com/vb/attachment.php?s=&postid=1051488 I wonder why you've chosen this thread to setup your canned goods market? Could it be (gasp!) because there are new or novice traders aking questions about charting patterns!?! No, surely not.
  6. 2

    Need help daytrading QQQQ

    I specialize in trading stocks and ETFs. Not any one single or specific groups in particular, but I do tend to be in some far more often than others. I LOVE ETFs during market consensus down days. I'll trade stocks:ETFs somewhere around 6:1 on long days in mid or long term bull markets or 1:3 in...
  7. 2

    Need help daytrading QQQQ

    Okay, I think I understand what you're getting at here. I agree with a lot of the things you said, they are valid points. Noobs should learn the intricacies of the market before they even think about trading. Then they should be very cautious right? Makes sense, however unet1604 is already...
  8. 2

    Need help daytrading QQQQ

    http://www.elitetrader.com/vb/attachment.php?s=&postid=1097111 Okay. First of all, I wanted everyone to see the relation of volume to price. The biggest move in price is the largest volume bar, the second largest volume bar was not the second biggest move in price, and because it occurred right...
  9. 2

    Need help daytrading QQQQ

    Please don't take offense, but it sounds like your experience is very limited. Two of the main reasons traders trade the QQQ and ETFs is for diversification and shorting w/o uptick rules. Even in the last month you haven't shorted? I've been short over 60% of the time. Following in the same...
  10. 2

    I need a Summer Vacation...

    Back to the subject at hand, I have decided to officially take the summer off from trading. I just don't have the 9+ hours of undivided attention to give to trading, so until August (???) I'm on Summer Vacation. :) :cool: :p :D I have decided to continue to manage my investment accounts...
  11. 2

    Need help daytrading QQQQ

    I played paintbrush with a chart (for the first time in a while) to help you (unet1604 and any other beginner/inexperienced traders) understand chart pattern entries. Note: most of my exits (from long or short) are gut feeling or trailing stop based, so I won't really try to explain them here...
  12. 2

    Need help daytrading QQQQ

    view this while reading my next post.
  13. 2

    laptop recommendations???

    I had this happen before with an old monitor, but now my screen saver turns off after 10 minutes and the Energy Saver function turns off all of my monitors.
  14. 2

    Need help daytrading QQQQ

    Exactly. Well said jho. A lot of people try overcomplicate things because to a beginner the Markets tend to seem extremely complicated. In reality it all becomes much easier when we incorporate common sense into our trading strategies. A wise man told me that, no matter what you trade, the...
  15. 2

    Report: Markets 'Are Like 1987 Crash'

    Anyone else out there getting a wierd feeling when looking at the date above all of today's ET posts? CHI-Chi-chi-chi... KA-Ka-ka-ka... (borrowed sound effects from campy 80's horror films)
  16. 2

    I need a Summer Vacation...

    Just bumping this question back up, I'm still curious how many traders waited too long before taking a leave of absence.
  17. 2

    laptop recommendations???

    I don't think I'd buy a Dell. Your 2 year warranty may be useless in less than a year. GTW. Retail Outlets.........../\ ..................................\/...\ .........................................\ ...........................................\...
  18. 2

    be humble ... giving back to society

    Unfortunately some charities are fraudulent. This is why people should do a little bit of research before handing out their money to just anybody who claims to be a charitable organization. Fortunately it doesn't take much effort to find out which ones are most deserving of your donations...
  19. 2

    I need a Summer Vacation...

    Thank you Spydertrader for the input. I'm hoping everything will turn out that way, the thing I've been thinking about is this, my current office is going to be moved to the new house so I'll have a totally new trading area. I'd thought of a LOT of things to change about the current office and...
  20. 2

    be humble ... giving back to society

    http://www.christianchildrensfund.org/ The Christian Children's Fund provides aid to people in 13 countries in Africa: Angola, Chad, Ethiopia, The Gambia, Guinea, Kenya, Liberia, Mozambique, Senegal, Sierra Leone, Togo, Uganda, and Zambia. If you don't want to give donations to any...
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