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When i see a large short seller stepping, i usually think BUY first. Let it step a few times then buy as it starts to get picked off. You are usually in the money 15-20 cents right away. If it is a strong stock/ in strong sector you want to buy it every time. Basically you want to...

Is that a good covered call trader, is a good stock picker. Those that are succuessfull as covered call writers, probably would be even more successful if they just went long the stocks. Likewise, a bad covered call writer, is a bad stock picker. But a bad covered call writer won't lose as...

You don't cut my commissions, and i won't trade anymore. Lol. Traders union. That is a good one.

I think you are right that when you are deciding to add to winner, you should consider it to be an individual trade (would i be wanting to buy if i didn't already have a position). The market has proven to me that stocks that are going up want to keep going up and vice versa. That is how day...

more important is to allocate more capital to winners than losers. How i do this is by adding to my winners, and not adding to losers. If i buy a stock and it is working, i will quickly add to the position and ( very important) buy new positions across the sector. Likewise, if i buy a...

I'm short a straddle. Sold the FEB $10 puts and the $25 calls. Should be a fun rollercoaster over next few months. I took in about $3.7 premium. So my break even range is $6.3 to $28.7 at expiration.

I made alot in 1999, lost it all in 2000 and 2001. I have lost everything on 4 different occasions. What really helped me was moving to day trading from investing/swing trading. I've made some money in my long term accounts this year, but overall i have a bad track record. I think long...

The trick to being successful is to recognize when a stock "wants" to move faster than average. Good traders know when to jump on the freight train and when not to buy the falling knives. Sounds like you are concentrating on the opposite.

I am a day trader. Up an additional $150,000 in long term accounts.

I know someone who makes about 9k a day.

have had it for a few months and hasn't helped me. But i am not much of a news trader. I trade off of what i see on my quote screens. And havn't trained myself to keep an eye on what bloomberg is spitting out.

every sunday. Bear market still not over i guess.

Your history sounds like mine. I got lucky in 1999 when i got started trading my online account. I was so lucky that I made enough to quit my day job and do this full time. In 2000 and 2001 I proceeded to lose everything i had made. I was down to my last 20k, and then i blew half of that as...

Seems like every sunday night i check the futures and they are down a few points. This is one hell of a BEAR.

I make dozens of trades in dozens of stocks every day. I employ a complicated trend system where i'm constantly having to take in 100's of data points on which to base my trading decisions. I'm looking at the relative performace of the various sectors, stocks within sectors, volume, moving...

TRading just one stock doesn't make any sense. You should trade as many stocks as you can track. I find that i can watch about 6 different sectors, maybe 60 stocks very closely. Catching just about every bid/ask change and most of the prints. More than this and i start to get bogged down.

Or market rebounds in 4th quarter and BZH trades up to 9.5 times next years earnings (or $100 share).

Friday was all about GE. GE officially died Friday. Not good for market when #1 cap stock dies. How many funds have GE as one of their top 5 holdings? The vast majority of stocks are headed for early 1997 prices. Pull up the 10 year chart and look where it was in early 1997. This is...

I checked RBAK quote and it is 39 cents. Funny, i was forced to cover my short in FEB 2000 and $309 pre split. I held my short from $200 to $309, because I knew i was right long term. Most important lessons can be learned by studying the last 5 years in the mkt. We are witnessing in...

We have had 2 bear markets and 1 bull mkt (20% move) in the last 3 months. Never seen mkt like this. There is alot of money to be made with this volatility. I'll be happy to be proved wrong a 2'nd time. Give us one more retest. LOL.