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CENX moves better than AA. the futures are holding them both down a bit but i think they go higher at the open. CENX upgraded to buy as well as AA.

does Macky talk too much?

its a good stock,i play it alot. careful it can drop intraday for no reason .

Donald, please explain your strategy at the open on a gap.

the 1k 100bp rout is given to very few traders;its rare but i have seen it with no problems. 2500-5k with 20-1 seems to be the norm.

trading at the open,especially gap ups on news/earnings requires experience.you can get killed ! i trade this way and have been doing it for years and have earned my stripes so to speak but it is not as easy as people make it out to be.if you played SIGM on the gap up or OVTI tou would have been...

an llc/prop will give you 20-1 and sometimes alot more with 5k and sometimes less. i know guys who have 1k and get 100k buying power. a licensed prop will give you plenty of buying power as well but you are sipc insured whereas an llc you are not. also at a prop,you shares your profits whereas...

AG should see 44 and TRA may have more upside as well as CF. ag LOOKS LIKE A GREAT BET HERE AT 43.22.

it was tough because it was easy to get shaken out of trades but i believe we now have a clear upward bias.again,the dow formed a nice double bottom on the intraday.

if you played the market as bernanke was speaking. it opened higher and pulled back,then up and down. now i think it had double bottomed(dow) on an intraday basis.i am long.

trader_david, i trade with a prop but our styles are extremely similar. especially how you describe the open. as for Steve,I bet anyone here that he made 230k last year with only 5k in his account. a good trader can get at least 100k in bp with only 5k and make that kind of money.i have seen it...

marc cuban is arrogant and sometimes engages in subjects he knows nothing about. daytrading for example. as for wealth,its subjective. as long as my family and i are healthy,i pay the bills and save some money while going on one trip a year.

i never take the market for granted no matter how good i think i am.

Steve, believe me i appreciate your response and you make great points which i take to heart. its just that the past couple of weeks have been very good for me by walking away after a good trade or two. that said,you make plenty of sense and perhaps i could improve my skills by upping the ante...

the market seemed to place too much emphasis on his stement which was nothing more than a reiteration of what he said 2 weeks ago.

i subscribe to fear and greed. simplistic but yet true in my opinion.good traders can also spot patterns and trends.

please excuse my spelling in the above post.

Steve makes some valid points. however,my opinion is based on the current market conditions. of course yesterday was an anomoly but consistency is key to a traders success so making 400-600 perday in this environment with low levels of stress is a good thing. i can actually do more but this...

my SIGM short was at 44.65 and i covered at 43.90. this was pre-mkt on the needham downgrade.the downgrade is bs as SIGM reported a blowout quarter with stellar guidence.

this market,in my opinion requires traders to walk away after a decent profit. i am up 410 for the day on shorting SIGM for a quick scalp. we were lucky yesterday but this current market will decimate those that over trade. prop firms may not like the smaller commissions but paying the bills is...