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I'm going to go out on a limb and say that there are more unhappy poor people than there are unhappy rich people.:)

No, not at all. MCI-Worldco shut down their daytrading operations, but not their telecom division. In fact, MCI-Worldco stock I think is a strong buy.

I've also noticed the change, especially when this other broad (I don't know her name) started making stock/company announcements. It used to be only John.

"If you don't know what you're doing, appear to know what you're doing, but others will know that you don't know what you're doing anyway." Kung Pao

Great talk from somebody who hasn't even decided what software/broker to use yet. Well, good luck - and make sure to add that liquidity to the market soon. We're waiting.:cool:

While we're at it, do you need someone to change your diapers too?:D Anyway, Jerry's info is right on the money. Now get busy and start trading - we need our share of your 10k. :)

Whoa - somebody's starting to use the F word! I can't wait for you to start trading. We all need more liquidity in this market.:D

I had traded in the same room with 3 members of MIT's blackjack team earlier this year, and all of them are universal in saying that trading stocks is a lot easier and less stressful than playing blackjack. They had collectively made more money trading stocks. The one major trait I had noticed...

That's exactly my point Lobster. You did your own research and made your own decision. I did my own research when I was a newbie by reading all the threads on ET and other boards about brokers, data providers, software, etc. Narrowed down my choices, signed up for their free trials and...

You are thinking and agonizing too much. A trader needs to make quick decisions day in and day out. Do your own research and just go for it. Quit going round in circles.

Landmark Securities Cornerstone Securities The DayTrading Company

Sylvia the German on CNBC

This Dell coupon expires 09/19/03. It's 10% off. A265DA707859

Thanks Darren. Great explanation. Is the pairtrader chatroom still in operation?

Tradecast was actually bought out by Ameritrade 2 years ago and from what I understand, the original owners made a killing when they sold their company. http://www.amtd.com/html/amtdpr04042001.html

A lot of traders (now ex-traders) I had traded with blew out their accounts by pair trading the "traditional" way - meaning keep adding on to a losing position until the pair either comes in for you or ends up hurting you in a very painful way. I was toying with the idea of observing a...

Darren, I would also like to ask - intrading pairs, do you add on to a losing pair position or do you adhere to a stop loss? If you adhere to a stop loss system, how far should a pair go against you before you exit? Also, is your chatroom still in operation? Thanks.

What do you mean by "20 bars" and "10 bars"?